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 2019 RESULTS
- Balanced Business Plan Delivers Outperformance -

NEW YORK, OCTOBER 28, 2019 -
Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and nine months ended September 30, 2019. For the three months ended September 30, 2019 and 2018, net income was $0.27 per diluted share and $0.49 per diluted share, respectively.

Key highlights for the three months ended September 30, 2019 include:
Executed 2.3 million square feet of new and renewal leases, with rent spreads on comparable space of 13.3%, including 0.9 million square feet of new leases, with rent spreads on comparable space of 30.5%
Executed 3.6 million square feet of total leasing volume, including options, with rent spreads on comparable space of 11.1%
Grew total leased occupancy to 91.9% and anchor leased occupancy to 94.7%
Realized small shop leased occupancy of 85.6%, a 30 basis point increase sequentially
Leased to billed occupancy spread of 330 basis points, representing $47.6 million of annualized base rent not yet commenced
Generated same property NOI growth of 4.4%, driven by a 290 basis point contribution from base rent, reflecting the impact of strong rent spreads and significant lease commencements during the quarter
Grew the total in process reinvestment pipeline to $413.9 million at an expected average incremental NOI yield of 9%, while stabilizing $68.2 million of projects during the quarter at an average incremental NOI yield of 11%
Completed $151.1 million of dispositions comprised of 1.7 million square feet
Issued $350.0 million of Senior Notes due 2029 and repaid indebtedness under the Company’s unsecured credit facility; as a result, the Company now has no debt maturities until 2022 and no amounts outstanding under its Revolving Credit Facility
Increased quarterly dividend by 1.8% to $0.285 per common share, which represents an annualized yield of ~5.4%
Increased previously provided NAREIT FFO per diluted share and same property NOI growth expectations for 2019

“Our operating and financial results this quarter demonstrate how our balanced business plan delivers sustainable growth in cash flows and intrinsic value,” commented James Taylor, Chief Executive Officer and President. “Our leasing productivity, strong reinvestment returns and disciplined capital allocation continue to highlight the unique strengths of our team and portfolio.”

FINANCIAL HIGHLIGHTS
Net Income
For the three months ended September 30, 2019 and 2018, net income was $80.9 million, or $0.27 per diluted share, and $147.3 million, or $0.49 per diluted share, respectively.
For the nine months ended September 30, 2019 and 2018, net income was $212.7 million, or $0.71 per diluted share, and $288.7 million, or $0.95 per diluted share, respectively.




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The following information was filed by Brixmor Property Group Inc. (BRX) on Monday, October 28, 2019 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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