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BPG(BRX) - 2024 Q2 - Quarterly Report
2024-07-30 04:08
资产负债表 - 2024年6月30日和2023年12月31日的资产负债表[26][27][28] - 公司于2024年6月30日和2023年12月31日分别拥有17.47亿美元和19.14亿美元的净资产[73][75] - 公司于2024年6月30日和2023年12月31日分别拥有77.47亿美元和77.97亿美元的房地产资产净值[85] - 公司于2024年6月30日和2023年12月31日分别拥有3.26亿美元和3.30亿美元的低于市场租金的租赁负债[87] - 公司于2024年6月30日拥有1.10亿美元的待售资产[83] 利润表 - 2024年和2023年6月30日三个月和六个月的利润表[29][30][31] - 2024年上半年租金收入为6.35亿美元,同比增长2.4%[30] - 2024年上半年净利润为1.59亿美元,同比下降5.7%[30] - 2024年上半年每股收益为0.53美元,同比下降5.4%[31] - 公司2023年第二季度净收入为1.59亿美元[41] - 公司2023年上半年净收入为1.69亿美元[41] - 公司总收入为635,930千美元,同比增长2.4%[49] - 净收入为159,030千美元,同比下降5.7%[49] - 每股基本收益为0.53美元,每股摊薄收益为0.52美元[50] 其他综合收益 - 2024年和2023年6月30日三个月和六个月的其他综合收益表[33][34] - 2024年上半年其他综合收益为1.51亿美元,主要来自利率互换合约的公允价值变动[34] 现金流量表 - 2024年和2023年6月30日六个月的现金流量表[26][27] - 资产负债表中2024年6月30日的现金及现金等价物为4.74亿美元[27] - 公司2023年第二季度现金及现金等价物为4.75亿美元[42] - 公司2023年第二季度经营活动产生的现金流量净额为3.12亿美元[41] - 公司2023年第二季度投资活动使用的现金流量净额为1.17亿美元[41] - 公司2023年第二季度筹资活动产生的现金流量净额为2.61亿美元[41] - 经营活动产生的现金流量净额为312,038千美元,同比增长5.8%[60] - 投资活动使用的现金流量净额为117,094千美元,主要用于房地产资产改善和收购[60] - 融资活动产生的现金流量净额为260,513千美元,主要包括偿还和借入无担保贷款[60] 权益变动表 - 2024年和2023年6月30日三个月和六个月的权益变动表[36] 公司概况 - 公司拥有360个购物中心,总建筑面积约6400万平方英尺[63] - 公司主要位于美国前50大核心统计区域的社区和邻里购物中心[63] - 公司的购物中心主要由非自主和价值导向的零售商以及面向消费者的服务提供商承租[63] - 公司没有按地理区域划分业务和计量业绩[64] - 公司已选择作为房地产投资信托(REIT)运营,并计划继续满足相关要求[67][68][69] - 公司的附属子公司被视为应税REIT子公司,需缴纳联邦、州和地方所得税[70] - 公司认为其未确认的税务头寸不会对财务报表产生重大影响[71] - 公司拥有一个由360个购物中心组成的高质量全国性投资组合,总建筑面积约为6400万平方英尺[176] - 截至2024年6月30日,公司的租赁率为95.4%,较2023年6月30日的94.1%有所提升[183] 资产处置和收购 - 公司于2024年上半年处置了3个购物中心、1个部分购物中心和1个土地地块,获得净收益6.73亿美元[81] - 公司于2024年上半年确认了528万美元的减值损失[91] - 公司在2024年6月30日前6个月内收购了1个购物中心,总购买价格为1750万美元[196] - 公司在2023年6月30日前6个月内收购了1个土地资产,总购买价格为190万美元[197] - 公司在2024年6月30日前6个月内出售了3个购物中心、1个部分购物中心和1个土地资产,获得净收益6740万美元,实现总收益1500万美元和总减值200万美元[198] - 公司在2023年6月30日前6个月内出售了8个购物中心和7个部分购物中心,获得净收益14530万美元,实现总收益5210万美元和总减值610万美元[199] 租金收入 - 2024年第二季度租金收入同比增加640万美元,主要由于全期资产租金收入增加940万美元,部分被交易活动净减少300万美元所抵消[202] - 2024年上半年租金收入同比增加1475万美元,主要由于全期资产租金收入增加2210万美元,部分被交易活动净减少730万美元所抵消[219] 折旧和摊销 - 2024年第二季度折旧和摊销费用同比增加320万美元,主要由于全期资产资本支出增加所致[207] 资产减值 - 公司确认根据资产预期持有期变化和第三方买家报价而计提减值费用[95] - 公司未来可能会发生重大减值费用[96] - 2024年第二季度计提了530万美元的资产减值,主要由于处置活动和持有期变化所致[208] 利息收支 - 2024年第二季度利息收入增加660万美元,主要由于现金及等价物余额和加权平均利率上升所致[212] - 2024年第二季度利息费用增加620万美元,主要由于总债务规模增加和加权平均利率上升所致[213] 衍生工具 - 公司使用利率掉期等衍
BRIXMOR PROPERTY GROUP REPORTS SECOND QUARTER 2024 RESULTS
Prnewswire· 2024-07-30 04:05
- Continued to Deliver Record Operating Metrics -- Increased Nareit FFO and Same Property NOI Growth Expectations For 2024 - - Announced Executive Promotions -NEW YORK, July 29, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today its operating results for the three and six months ended June 30, 2024.  For the three months ended June 30, 2024 and 2023, net income was $0.23 per diluted share and $0.19 per diluted share, respectively, and for the six months ...
All You Need to Know About Brixmor (BRX) Rating Upgrade to Buy
ZACKS· 2024-07-18 01:01
Brixmor Property (BRX) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing e ...
Brixmor Property (BRX) Could Be a Great Choice
ZACKS· 2024-07-18 00:45
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a me ...
BRIXMOR PROPERTY GROUP ISSUES ANNUAL CORPORATE RESPONSIBILITY REPORT
Prnewswire· 2024-07-01 20:00
NEW YORK, July 1, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the release of its fifth annual Corporate Responsibility (CR) Report, which provides a comprehensive overview of the Company's strategy to improve the environmental, social, and economic well-being of its stakeholders, as well as measurements and case studies that highlight Brixmor's progress with respect to its CR goals. "Our CR principles align with our core values, our vision, and o ...
Brixmor (BRX) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2024-06-15 01:01
Brixmor Property (BRX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing earnings ...
BRIXMOR PROPERTY GROUP ANNOUNCES SECOND QUARTER 2024 EARNINGS RELEASE AND TELECONFERENCE DATES
Prnewswire· 2024-06-12 04:05
NEW YORK, June 11, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2024 second quarter earnings on Monday, July 29, 2024 after the market close. Brixmor will host a teleconference on Tuesday, July 30, 2024 at 10:00 AM ET. Event: Brixmor Property Group's Second Quarter Earnings Results When: 10:00 AM ET, Tuesday, July 30, 2024 Live Webcast: Brixmor 2Q 2024 Earnings Call under the Investors tab at https://www.brixmor.com Dial #: 1.877.704.4453 (Internation ...
Retail REITs: Near Term Capex Caution Despite Strong Fundamentals
Seeking Alpha· 2024-06-11 11:12
benedek In recent history, e-commerce can be argued as the biggest societal shift to impact commercial real estate. We’ve detailed the topic in retail outlooks from November 2022 and November 2021, and more recently in our Industrial Outlook from March 2024. Many expected the surge in online shopping during the pandemic to supercharge the “death of brick and mortar” retail. The reality was the exact opposite, albeit with a lag, as increased online sales activity actually illuminated the undeniable importanc ...
The Shopping Center Golden Age Has Longevity
seekingalpha.com· 2024-05-30 00:27
Luis Alvarez We have already discussed how strong shopping center fundamentals are, given the lack of development in the last 15 years and demand approaching a point of full occupancy. The question I want to address today is – How long can it last? To address this question, let us first explore the mechanisms that govern the length of a real estate cycle. The length of a real estate cycle Real estate is inherently cyclical, as it has internal feedback mechanisms that keep it in check. When a given property ...
BRIXMOR PROPERTY GROUP PRICES OFFERING OF SENIOR NOTES
prnewswire.com· 2024-05-23 04:05
NEW YORK, May 22, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today that its operating partnership, Brixmor Operating Partnership LP (the "Operating Partnership"), priced an offering of $400 million aggregate principal amount of 5.750% Senior Notes due 2035 (the "Notes"). The Notes will be issued at 99.222% of par value with a coupon of 5.750%. Interest on the Notes is payable semi-annually on February 15 and August 15 of each year, beginning August 15 ...