Brixmor Property Group Inc. reported second-quarter funds from operations of $178.6 million, or 58 cents per share, matching the average estimate of six analysts surveyed by Zacks Investment Research. The New York-based real estate investment trust posted net income of $73.5 million, or 24 cents per share. Revenue came in at $354.2 million, exceeding the $351.9 million forecast from five analysts. Brixmor expects full-year funds from operations in the range of $2.34 to $2.37 per share. The company's shares have risen 24% year-to-date and closed at $32.51 on Monday, up 27% over the past 12 months.
Brixmor PropertyQ2 FFO met estimates, revenue beat, and FY guidance reiterated; shares have risen 24% YTD but no new catalyst.