Exhibit 99.1
420 Lexington Avenue New York, NY 10170 800.468.7526




FOR IMMEDIATE RELEASE

CONTACT:
Stacy Slater                            
Senior Vice President, Investor Relations            
800.468.7526                             
stacy.slater@brixmor.com

BRIXMOR PROPERTY GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2014 RESULTS
- Increases FFO per Share by 7.1% in 2014 -
- Achieves Strong Same Property NOI Growth of 3.9% in 2014 -
- Provides 2015 Guidance Including FFO Growth of 8% - 11% -

NEW YORK, FEBRUARY 9, 2015 -
Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its results of operations for the fourth quarter and year ended December 31, 2014.

Fourth Quarter 2014 Operating Results - IPO Portfolio

 
 
Three Months Ended
 
 
 
 
12/31/2014
 
 
12/31/2013
 
Change
Percent leased
 
92.8%
 
 
92.4%
 
+40 basis points
Percent leased: anchors (≥ 10K SF)
 
97.1%
 
 
97.1%
 
flat
Percent leased: small shop (< 10K SF)
 
82.6%
 
 
81.6%
 
+100 basis points
Total new and renewal lease average annualized base rent (“ABR”) / SF
 
$12.89
 
 
$11.96
 
+7.8%
Total rent spread (cash)
 
13.9%
 
 
11.0%
 
+290 basis points

Operating metrics continued their positive trajectory in the fourth quarter of 2014 with healthy leasing results and same property NOI increasing 3.9%, the tenth consecutive quarter of growth over 3.5%. Total rent spreads increased to 13.9%, the sixth consecutive quarter of spreads over 11.0%, and were 12.6% for the year. Funds from operations per diluted share increased 7.1% over 2013. Additionally, the Company’s operating partnership, Brixmor Operating Partnership LP (the “Operating Partnership”), received investment grade ratings from Standard & Poor's Ratings Services and Fitch Ratings during the quarter.

“Our strong performance during the quarter and the year reflects our embedded growth opportunity as we continue to harvest the below market leases throughout our portfolio and reposition our properties with best-in-class anchors. We produced strong operating and financial results in the fourth quarter, led by same property NOI growth and rent spreads approaching 14% for the second consecutive quarter. The investments that we are making in the portfolio continue to provide cash flow growth,” stated Michael Carroll, Chief Executive Officer.




i

The following information was filed by Brixmor Property Group Inc. (BRX) on Monday, February 9, 2015 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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