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Occupancy increased by 30 basis points to 92.4% from 92.1% at September 30, 2013, up 110 basis points year-over-year;
Anchor occupancy (spaces 10,000 square feet or greater) increased by 100 basis points to 97.1% year-over-year and small shop occupancy (spaces less than 10,000 square feet) increased by 150 basis points to 81.6% year-over-year;
Same property NOI increased 3.9% for the quarter and 4.0% for the full year 2013 from the same period in 2012;
Executed 538 new and renewal leases for 3.3 million square feet during the quarter and 2,244 new and renewal leases for 12.8 million square feet during the full year 2013;
Signed new leases in the quarter at an average annual base rent of $15.04 per square foot versus portfolio average of $11.93 per square foot at December 31, 2013;
Includes 31 new anchor leases for spaces over 20,000 square feet totaling approximately 1.1 million square feet during the full year; and
Achieved positive blended lease spreads of 11% in the quarter and 10% in the full year 2013.
The following information was filed by Brixmor Property Group Inc. (BRX) on Wednesday, February 19, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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