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 2019 RESULTS
- Delivers Strong Leasing, Rent Growth and Reinvestment Returns -

NEW YORK, FEBRUARY 10, 2020 -
Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and twelve months ended December 31, 2019. For the three months ended December 31, 2019 and 2018, net income was $0.21 per diluted share and $0.26 per diluted share, respectively and for the twelve months ended December 31, 2019 and 2018, net income was $0.92 per diluted share and $1.21 per diluted share, respectively.

Key highlights for the three months ended December 31, 2019 include:
Executed 2.7 million square feet of total leasing volume, including options, with rent spreads on comparable space of 10.9%
Executed 1.7 million square feet of new and renewal leases, with rent spreads on comparable space of 12.9%, including 0.9 million square feet of new leases, with rent spreads on comparable space of 33.3%
Grew total leased occupancy to 92.4% and anchor leased occupancy to 95.2%
Realized small shop leased occupancy of 86.2%, a 60 basis point increase sequentially
Leased to billed occupancy spread of 310 basis points, representing $45.0 million of annualized base rent not yet commenced
Generated same property NOI growth of 5.1%, driven by a 390 basis point contribution from base rent
Stabilized $47.0 million of reinvestment projects at an average incremental NOI yield of 10%, with the in process reinvestment pipeline now totaling $413.0 million at an expected average incremental NOI yield of 10%,
Completed $51.9 million of dispositions comprised of 0.7 million square feet

Key highlights for the twelve months ended December 31, 2019 include:
Executed 12.8 million square feet of total leasing volume, including options, with rent spreads on comparable space of 10.9%
Executed 7.9 million square feet of new and renewal leases, with rent spreads on comparable space of 13.1%, including 3.5 million square feet of new leases, with rent spreads on comparable space of 31.7%
Generated same property NOI growth of 3.4%, driven by a 260 basis point contribution from base rent
Stabilized $161.9 million of reinvestment projects at an average incremental NOI yield of 10%
Completed $301.2 million of dispositions comprised of 3.2 million square feet
Completed $78.5 million of acquisitions and repurchased $14.6 million of common stock, excluding commissions
Issued $750.0 million of Senior Notes to extend maturity profile of debt; no remaining maturities until 2022
Received positive outlook on credit rating from Fitch Ratings
Published inaugural Corporate Responsibility Report
Appointed Julie Bowerman, the Chief Global Digital, Consumer and Customer Experience Officer of Kellogg Company, to the Company’s Board of Directors





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The following information was filed by Brixmor Property Group Inc. (BRX) on Monday, February 10, 2020 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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