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 COMPLETES 2015 AUDIT AND FILES FORM 10-K
Extensive Review Determined No Restatement Required
Reports Fourth Quarter And Full Year 2015 Results
Increases Small Shop Occupancy by 170 Basis Points
Increases NAREIT FFO per Share by 9% in 2015
Provides 2016 Guidance
NEW YORK, February 29, 2016 -
Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the fourth quarter and year ended December 31, 2015 and, timely filed with the SEC its Form 10-K, including its audited 2015 financial statements.

Fourth Quarter 2015 Operating Results
 
 
At and For Three Months Ended
 
 
 
 
12/31/2015
 
 
12/31/2014
 
Change
Percent leased
 
92.6%
 
 
92.8%
 
(20) basis points
Percent leased: anchors (≥ 10K SF)
 
96.2%
 
 
97.1%
 
(90) basis points
Percent leased: small shop (< 10K SF)
 
84.3%
 
 
82.6%
 
+170 basis points
New lease annualized base rent (“ABR”) / SF
 
$15.87
 
 
$13.45
 
+18%
Total rent spread (cash)
 
14.8%
 
 
13.9%
 
+90 basis points
Portfolio ABR / SF
 
$12.76
 
 
$12.14
 
+5%

“I am very pleased to report significant progress on all fronts at Brixmor. Our 2015 audit and Form 10-K have been completed on time, without restatement, while our operating results and guidance continue to highlight the internal growth opportunities within our portfolio,” stated Daniel Hurwitz, Interim Chief Executive Officer and President.

Dividend
The Company’s Board of Directors declared a quarterly cash dividend of $0.245 per common share (equivalent to $0.98 per annum) for the first quarter of 2016.
The dividend is payable on April 15, 2016 to stockholders of record on April 5, 2016, representing an ex-dividend date of April 1, 2016.

Update Regarding Audit Committee Review
Detailed information regarding the previously announced Audit Committee review can be found in the Company’s 2015 Form 10-K.

i

The following information was filed by Brixmor Property Group Inc. (BRX) on Monday, February 29, 2016 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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