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 THIRD QUARTER 2018 RESULTS
- Accelerating Value Creation -

NEW YORK, OCTOBER 29, 2018 -
Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and nine months ended September 30, 2018. For the three months ended September 30, 2018 and 2017, net income attributable to common stockholders was $0.49 per diluted share and $0.27 per diluted share, respectively.

Key highlights for the three months ended September 30, 2018 include:
Executed 2.2 million square feet of new and renewal leases at comparable rent spreads of 13.4%, including 0.9 million square feet of new leases at comparable rent spreads of 39.7%
Executed 3.1 million square feet of total leasing volume, including options, at comparable rent spreads of 12.1%
Grew total leased occupancy 90 basis points year over year to 92.5%, including 110 basis points of growth in small shop leased occupancy to 85.5%
Maintained widest leased to billed occupancy spread since IPO of 310 basis points
Generated same property NOI growth of 1.2%, driven by a 270 basis points contribution from base rent
Grew total in process reinvestment pipeline to $340.4 million, while delivering $53.8 million of projects at an average incremental NOI yield of 9%
Closed on $530.2 million of dispositions, including six assets totaling $76.7 million closed subsequent to quarter end
Acquired one adjacency at an existing center for $1.5 million, repurchased $48.6 million of common stock and repaid $507.2 million of secured indebtedness
Issued $250.0 million of Floating Rate Notes due 2022 and repaid a portion of the Company’s $600.0 million term loan
Increased quarterly dividend by 1.8% to $0.28 per common share, which represents an annualized yield of 7.3%
Updated previously provided NAREIT FFO per diluted share expectations and affirmed same property NOI expectations for 2018

“I am very pleased with how our record leasing, growth in redevelopment, accelerated capital recycling and prudent balance sheet management not only position us for sustainable growth in 2019 and beyond, but also how this progress across all fronts of our self-funded plan, in an otherwise volatile marketplace, continues to significantly enhance the intrinsic value of our portfolio,” commented James Taylor, Chief Executive Officer and President.

FINANCIAL HIGHLIGHTS
Net Income
For the three months ended September 30, 2018 and 2017, net income attributable to common stockholders was $147.3 million, or $0.49 per diluted share, and $83.4 million, or $0.27 per diluted share, respectively.
For the nine months ended September 30, 2018 and 2017, net income attributable to common stockholders was $288.7 million, or $0.95 per diluted share, and $230.4 million, or $0.75 per diluted share, respectively.



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