Brixmor prices $400 million in senior notes at 4.85% due 2033

NEW YORK - Brixmor Property Group Inc. (NYSE:BRX), a retail REIT with an $8.6 billion market capitalization and a GOOD financial health score according to InvestingPro, announced Thursday that its operating partnership has priced an offering of $400 million in senior notes due 2033 with a 4.850% coupon rate.

The notes will be issued at 99.849% of par value with interest payable semi-annually beginning February 15, 2026. The offering is expected to close on September 9, 2025, subject to customary closing conditions. For detailed bond analysis and comprehensive financial metrics, investors can access the Pro Research Report available on InvestingPro.

Brixmor Operating Partnership LP plans to use the net proceeds for general corporate purposes, which may include repaying outstanding debt, according to the company’s statement. Wells Fargo Securities, BofA Securities, Mizuho Securities USA and Truist Securities are serving as joint book-running managers for the offering.

The real estate investment trust owns and operates 360 open-air shopping centers comprising approximately 64 million square feet across the United States. The company’s properties house retailers including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.

The notes offering was made under an effective registration statement filed with the Securities and Exchange Commission. The company noted in its press release that this announcement does not constitute an offer to sell or solicitation of an offer to buy the notes.

In other recent news, Brixmor Property Group reported impressive financial results for the second quarter of 2025. The company achieved an earnings per share (EPS) of $0.28, surpassing analyst forecasts of $0.21 by 33.33%. Revenue also exceeded expectations, reaching $339.49 million compared to the predicted $331.38 million. These results highlight Brixmor’s ability to outperform market predictions. Additionally, Stifel maintained its Hold rating on Brixmor Property while slightly lowering the stock price target from $29.50 to $29.00. This adjustment followed the company’s second-quarter financial results, which showed funds from operations (FFO) of $0.56 per share, exceeding both Stifel’s estimate and the broader market consensus by $0.01. These recent developments suggest a positive outlook from analysts despite the minor adjustment in the stock price target.

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