Exhibit 99.1
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450 Lexington Avenue : New York, NY 10017 : 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 2017 RESULTS
- Delivers New Lease Spreads of 42.7% and Same Property NOI Growth of 3.6% for the Quarter -

NEW YORK, FEBRUARY 12, 2018 -
Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and twelve months ended December 31, 2017. For the three months ended December 31, 2017 and 2016, net income attributable to common stockholders was $0.23 per diluted share and $0.31 per diluted share, respectively.

Key highlights for the three months ended December 31, 2017 include:
Executed 2.3 million square feet of new and renewal leases at comparable rent spreads of 16.0%, including 0.9 million square feet of new leases at comparable rent spreads of 42.7% with below average tenant improvement costs and stable lease duration
Executed 2.9 million square feet of total leasing volume, including options, at comparable rent spreads of 13.9%
Increased total leased occupancy by 60 basis points sequentially to 92.2%; Small shop leased occupancy increased by 10 basis points sequentially to 84.5%
Generated same property NOI growth of 3.6%
Completed 15 dispositions aggregating $105.5 million and three previously announced property acquisitions aggregating $78.4 million
Repurchased $5.9 million of common stock (repurchase authorization announced December 5, 2017)

Key highlights for the twelve months ended December 31, 2017 include:
Executed 8.1 million square feet of new and renewal leases at comparable rent spreads of 15.5%, including 3.2 million square feet of new leases at comparable rent spreads of 34.1%
Executed 11.9 million square feet of total leasing volume, including options, at comparable rent spreads of 12.6%
Generated same property NOI growth of 2.6%
Grew FFO per diluted share 3.0% year-over-year, excluding non-cash GAAP rental adjustments and lease termination fees
Completed 32 dispositions aggregating $407.5 million ($356.5 million at share) and four property acquisitions aggregating $180.4 million

“Our results this quarter underscore the continued execution of our balanced business plan that we highlighted at our Investor Day in December. Leasing productivity accelerated into year-end, with 2.3 million square feet of new and renewal leases signed in the fourth quarter and our highest volume of anchor leases executed since our IPO. Our comparable new leases were signed at rent spreads of over 42%, underscoring tenant demand and the upside embedded in our well-located shopping centers,” commented James Taylor, Chief Executive Officer and President. “Further, we continued to execute on our value-enhancing reinvestment pipeline, delivering $62 million of projects at an 11% incremental yield during the quarter and adding 15 new projects to our active pipeline. Finally, we sold 15 assets during the fourth quarter for $106 million, acquired three strategic assets for $78 million and initiated our share repurchase program. Each component of our balanced plan is delivering value now.”




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The following information was filed by Brixmor Property Group Inc. (BRX) on Monday, February 12, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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