Brixmor Property: Strong Leasing Boosts Q2 Results And Creates Further Upside
BRXBPG(BRX) Seeking Alpha·2024-07-30 14:00
J. Michael Jones Shares of Brixmor Property Group (NYSE:BRX) have been a modest performer over the past year, rising about 8%. Elevated interest rates have weighed on real estate valuations, though shares have seen some momentum recently as expectations around Federal Reserve rat cuts have risen. I last covered BRX in November, rating shares a buy, and since then, they have performed in line with the market, gaining 19%. With BRX just reporting Q2 results and rate cut hopes rising, now is an opportune t ...