Brixmor Property Group appoints Finnegan as new CEO as Taylor retires

NEW YORK - Brixmor Property Group Inc. (NYSE:BRX) announced Monday that Chief Executive Officer James M. Taylor Jr. will retire effective January 1, 2026, with Brian T. Finnegan appointed to succeed him. The shopping center REIT, currently trading at $26.39, has maintained a strong financial health score of "GOOD" according to InvestingPro data.

Finnegan, who has been serving as the company’s President and Chief Operating Officer while acting as interim CEO, will retain the title of President and join the board of directors upon assuming the CEO role.

A 20-year veteran of the company, Finnegan has held various leadership positions including Chief Operating Officer, Chief Revenue Officer, and Executive Vice President of Leasing. He currently serves as Vice Chair of the ICSC Foundation Board of Directors.

"It has been a privilege to serve as Chief Executive Officer of Brixmor since 2016," Taylor said in a statement released by the company. "Brian is a proven leader who has been instrumental in helping drive our value-add plan."

Sheryl M. Crosland, Brixmor’s Chair of the Board, credited Taylor with delivering "strong growth and substantially repositioned portfolio and balance sheet" during his tenure, while expressing confidence in Finnegan’s leadership abilities.

"I am extremely grateful for Jim’s guidance and mentorship and am excited to lead Brixmor into its next chapter of growth," Finnegan stated.

Brixmor owns and operates 354 open-air shopping centers comprising approximately 63 million square feet across the United States, according to the press release statement. With a market capitalization of $8.08 billion, the company is trading near its Fair Value based on InvestingPro assessment. InvestingPro Tips also note that BRX generally trades with low price volatility, making it potentially attractive for stability-focused investors. Discover comprehensive analysis on Brixmor and 1,400+ other stocks through InvestingPro’s detailed Research Reports.

In other recent news, Brixmor Property Group reported its third-quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.31, compared to the projected $0.23, representing a 34.78% surprise. Revenue also exceeded forecasts, reaching $340.84 million against the expected $338.47 million. Following these results, KeyBanc reiterated its Overweight rating on Brixmor Property, maintaining a price target of $32.00. The firm expressed increased confidence in its investment thesis after management meetings and reviewing the third-quarter earnings. These developments highlight the company’s strong performance in the retail real estate investment sector.

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