Brixmor Property Group Inc. · NYSE:BRX
Brixmor Property — Q3 2026 Earnings Presentation
32 slides from Brixmor Property's earnings presentation, Sep 30, 2026
Slide 1: Brixmor Property Group Investor Presentation
Brixmor Property Group INVESTOR PRESENTATION Quarter Ended September 30, 2026
Slide 2: 3Q26 Highlights: Record-Setting Quarter
Overview 3Q26 Highlights: Record-Setting Quarter 95.6% $19.47 42.6% $69M Total leased occupancy In-place annual rent per foot New lease spread SNC* annual rent Record high Record high 13th consecutive quarter above +14% y/y +150bps y/y +5% y/y 30% 92.8% 88% $332M 6.6% Small shop leased occupancy Ret
Slide 3: Slate Transaction Overview
Slate Transaction Slate Transaction Overview Brixmor to Acquire 23 Grocery-Anchored Shopping Centers Capital Efficient Strategic Joint Venture with Everview Structure & Timing (the “Brixmor Portfolio”) in Existing Markets for $636 Million Partners to Acquire an Additional 92 Centers for $1.71 Billio
Slide 4: Unique Opportunity to Accretively Acquire Strategically Consistent Assets at Scale
Slate Transaction Unique Opportunity to Accretively Acquire Strategically Consistent Assets at Scale in Capital Efficient Structure Adds Highly Complementary Assets to Brixmor’s Existing Portfolio Enhances Brixmor’s Visible Multi-Year Growth Profile • Aligns with Brixmor's value-add, open-air retail
Slide 5: Brixmor Overview
Brixmor Overview BRIXMOR Property Group
Slide 6: Brixmor: From Transformation To Acceleration
Overview Brixmor: From Transformation To Acceleration High quality, open-air retail Value-add leader Visibility on growth Flexible balance sheet Over 900M visits to Brixmor centers TTM 1 $1B+ reinvestments underway / identified 4.0%+ long-term same property NOI growth $1.5B of available liquidity On
Slide 7: Merchandised With Non-discretionary And Value-oriented Retail
Overview Merchandised With Non-discretionary And Value-oriented Retail, As Well As Consumer-oriented Service Providers Quick Facts Conveniently Fulfilling Daily Needs Centers embedded along daily routines (home, work, school) drive repeat, consistent visits Number of shopping centers 345 ~80% Gross
Slide 8: The BRX Edge
Overview The BRX Edge • Expansive opportunity set Brixmor Leasing Platform • ~100 top-tier markets and 29 states National, • Diversified tenancy reduces risk diversified portfolio • Comprehensive leasing platform delivers consistent productivity • Efficient portfolio management Proven • Industry-lea
Slide 9: Positioned To Drive Consistent, Durable Growth
Overview Positioned To Drive Consistent, Durable Growth Same Property NOI Growth FFO Per Share Growing Dividends (mid-point) (mid-point) 5% CAGR 5% CAGR 6% CAGR $2.25 $2.37 $1.32 $2.13 $1.15 $1.23 $2.40 $2.20 $2.04 14.0% 12.0% $1.40 $1.20 $1.04 $1.09 14.0% 12.0% 7.3% $2.00 10.0% $1.00 10.0% 5.6% $1.
Slide 10: The Environment
The Environment BRIXMOR Property Group
Slide 11: Retail Real Estate Fundamentals Remain Favorable
The Environment BRX Well-positioned across economic scenarios, mixing necessity Edge: and value retailers, with elevated services and restaurants Retail Real Estate Fundamentals Remain Favorable Structural Undersupply + Elevated Demand Resilient Consumer • Retail supply remains at historic lows with
Slide 12: Retail Is Evolving: Physical Centers Are Becoming More Critical
The Environment Retail Is Evolving: Physical Centers Are Becoming More Critical Use of AI is shifting the role of the physical store and transforming how retail centers interact with consumers • AI is reshaping the shopping experience on both sides of the counter Brixmor centers are aligned for chan
Slide 13: Transformation To Acceleration
Transformation To Acceleration
Slide 14: Decade Long Transformation Has Positioned The Portfolio To Accelerate Growth
Transformation Decade Long Transformation Has Positioned The Portfolio To Accelerate Growth Rationalized the portfolio to drive efficiencies at scale At At Brixmor Portfolio 12/31/2015 9/30/2026 Change $3.3B ~40% 76 $1.9B 35 31 Properties 518 345 (173) of dispositions of 2015 single asset of acquisi
Slide 15: Delivering Long-term Sustainable Growth In Cash Flow
Transformation To Acceleration Delivering Long- 1 Unlocking annual rent term Sustainable 2 Reinvesting to deliver value Growth In Cash Flow 3 Recycling capital to drive growth 4 Leveraging the platform 5 Unleashing technology 15
Slide 16: Unlocking Annual Rent
Acceleration BRX Edge: Capturing value through internal growth Unlocking Annual Rent Embedded rent growth Contractual tailwinds Occupancy runway • Substantial mark-to-market opportunity • Leveraging supply / demand imbalance to drive • Target occupancy exceeds prior historic peak levels increased or
Slide 17: Unlocking Annual Rent: Highly Visible Forward Growth
Acceleration BRX Edge: Highly visible forward growth Unlocking Annual Rent Stacking of rent Reinvestment flywheel • Signed but not yet commenced leases reflect built-in revenue generation • Reinvestment projects bring thriving anchors that improve traffic and sales to the center • Represents annual
Slide 18: Reinvesting To Deliver Value
Acceleration BRX ~$1B of accretive projects underway or identified, Edge: supporting multi-year value creation Reinvesting To Deliver Value Brixmor’s high-velocity, high-return reinvestment engine: Scaling Reinvestment – Reinvestment enhances asset quality, elevates merchandising, and improves In Pr
Slide 19: Reinvesting To Deliver Value: Tinley Park Plaza
Acceleration Reinvesting To Deliver Value: Tinley Park Plaza – Chicago, IL • Redeveloped existing spaces for Ross Dress for Less, Five Below, and additional retailers • Developed a new Fifth Third Bank outparcel • Shopping center upgrades including façade and roof renovations $12M 13% Net Project Co
Slide 20: Reinvesting To Deliver Value: Retailer Partnerships
Acceleration Reinvesting To Deliver Value: Retailer Partnerships • Publix is Brixmor’s fifth largest retailer (by ABR) with 33 locations Publix Reinvestments ($M) Projects Net Estimated Costs 1 Incremental NOI Yield 2 – Highly productive stores with average sales of over $900 per square foot In Proc
Slide 21: Reinvesting To Deliver Value: Outparcel Development
Acceleration Reinvesting To Deliver Value: Outparcel Development • Outparcel developments are a compelling lever for growth Outparcel Development ($M) Projects Net Costs 1 Incremental NOI Yield 2 – Densifying existing centers by converting large, underutilized parking fields with high-value retail a
Slide 22: Recycling Capital To Drive Growth: Scaling Acquisitions
Acceleration BRX Broad acquisition opportunity set provides upside, Edge: not reliance, to drive growth Recycling Capital To Drive Growth: Scaling Acquisitions Brixmor’s national footprint, scalable platform, and operating expertise allow us to pursue a broad spectrum of acquisitions across geograph
Slide 23: Recycling Capital To Drive Growth
Acceleration Recycling Capital To Drive Growth Accomplished dealmakers with 20+ years of experience Accelerating Opportunistic Preserving balance growth approach sheet flexibility Go-forward intention to be net acquirer Portfolio rationalization complete with disciplined ongoing asset sales Broad op
Slide 24: Leveraging The Platform
Acceleration BRX Translating operational discipline Edge: into recurring, incremental growth Leveraging The Platform Capex spend Fixed CAM Ancillary and other Operating efficiently at scale • Maintaining the elevated quality of our • Proactively converting leases as • Generating $30M+ of incremental
Slide 25: Unleashing Technology
Acceleration BRX Deploying technology to enhance efficiency, Edge: unlock savings, and drive growth Unleashing Technology Brixmor has been an early adopter of embedding AI across the platform to accelerate execution, strengthen decision-making, and create scalable operational advantages Leasing Lega
Slide 26: Capital Strategy To Support Acceleration
Capital Strategy To Support Acceleration
Slide 27: Maintaining A Flexible Balance Sheet: Positioned For Growth At Scale
Acceleration Maintaining A Flexible Balance Sheet: Positioned For Growth At Scale $1.5B 4.4% 100% 99.8% Ample liquidity Weighted average stated Fixed rate debt Unencumbered annual rent interest rate 4.7 years 5.2x 4.1x BBB / Baa2 / BBB Weighted average maturity Net principal debt to adjusted Fixed c
Slide 28: Driving Growth In Free Cash Flow
Acceleration Driving Growth In Free Cash Flow Capital Allocation Guidelines Cash Flow – Preserve investment grade ratings Contractual Mark-to-market Occupancy Disposition rent bumps opportunity gains proceeds – Retain liquidity and conservative leverage – Manage interest rate risk Capital Uses –
Slide 29: From Transformation To Acceleration
From Transformation To Acceleration Unlocking Reinvesting to Recycling capital Leveraging Unleashing annual rent deliver value to drive growth the platform technology BRX Edge: Delivering increasing cash flow and durable growth 29
Slide 30: Appendix
Appendix BRIXMOR Property Group
Slide 31: Quarterly Highlights
Appendix Quarterly Highlights 3Q 2026 2Q 2026 1Q 2026 2025 As of 9/30/2026 As of 6/30/2026 As of 3/31/2026 As of 12/31/2025 Total percent leased 95.6% Total percent leased 94.8% Total percent leased 95.1% Total percent leased 95.1% Leased to billed spread 420bps Leased to billed spread 440bps Leased
Slide 32: Footnotes & Sources
Appendix Footnotes & Sources Page 6 Brixmor: From Transformation To Acceleration Page 17 Unlocking Annual Rent 1. Source: Placer.AI. 1. Signed but not commenced population represents approximately 500 basis points of total portfolio GLA ($68.9M in ABR), 80 basis points ($9.6M in ABR) of which repres
Brixmor Property Group — Q3 2026 Earnings Presentation on 6ix