Brixmor REIT (BRX) Q4 FFO Surpasses Estimates, Revenue Beats Forecast

Brixmor Property Group Inc. (BRX) reported fourth-quarter results exceeding expectations. Funds from operations for Q4 were $178.4 million, or 58 cents per share, outpacing the Zacks average of 57 cents per share. Net income was $137.1 million, or 44 cents per share. Revenue of $353.8 million surpassed the $348.2 million estimate. Year-over-year FFO was $693.3 million, or $2.25 per share, with revenue reaching $1.37 billion. The company now expects full-year FFO of $2.33 to $2.37 per share. BRX shares closed at $28.17, up about 7% year-to-date.