# Brixmor Raises 2026 Nareit FFO Outlook After Record Occupancy

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/41676
Published: 2026-10-27T11:11:47.000Z
Updated: 2026-10-27T11:11:47.000Z
Section: Business

> Third-quarter same-property NOI rose 6.6%, and the company raised its growth outlook to 5.50% to 5.75%.

Brixmor Property Group Inc. raised its 2026 Nareit funds from operations (FFO) per diluted share and same-property net operating income (NOI) growth outlook after occupancy reached a company record.

Total leased occupancy at Brixmor’s open-air shopping centers was 95.6% in the third quarter. Small-shop leased occupancy also set a record, at 92.8%. Same-property NOI increased 6.6% from the year-earlier quarter.

Nareit FFO, a supplemental non-GAAP measure, was $184.6 million, or $0.60 per diluted share, for the quarter ended Sept. 30. A year earlier, it was $172.3 million, or $0.56 per diluted share. Revenue rose to $359.6 million from $340.8 million, while net income attributable to Brixmor declined to $87.8 million, or $0.28 per diluted share, from $94.2 million, or $0.31 per share.

The company raised its 2026 Nareit FFO per diluted share outlook to $2.36 to $2.38, from $2.35 to $2.37. Its same-property NOI growth outlook increased to 5.50% to 5.75%, from 5.00% to 5.75%.

Brixmor’s board declared a quarterly dividend of $0.33 per common share, a 7.3% increase. It is payable Jan. 15, 2027, to shareholders of record Jan. 5, 2027.

“Our third quarter results were highlighted by continued leasing momentum, strong same property NOI growth, and record occupancy,” CEO and President Brian T. Finnegan said.