Brixmor Property Group Inc reports results for the quarter ended September 30 - Earnings Summary

• Brixmor Property Group Inc BRX.N reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of six analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 17 cents to 25 cents per share.

• Revenue rose 5.5% to $359.60 million from a year ago; analysts expected $354.88 million.

• Brixmor Property Group Inc's reported EPS for the quarter was 28 cents​.

• The company reported quarterly net income of $87.75 million.

• Brixmor Property Group Inc shares had risen by 1.9% this quarter and gained 7.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "buy"

• Wall Street's median 12-month price target for Brixmor Property Group Inc is $33.00, about 14.8% above its last closing price of $28.12

This summary was machine generated from LSEG data October 27 at 12:39 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)