Brixmor Property Group (BRX) Investor presentation summary

Leasing and operating trends

• April traffic rose ~8% YoY, versus ~6% for peers and ~5% for the broader retail industry.

• Recently recaptured bankruptcy space was ~75% resolved at spreads over 40% as of May 8, 2025.

• Signed, not-yet-commenced leases totaled $60M ABR across 3M SF at $20.62 PSF, 15% above the portfolio average; 79% of ABR is expected to commence by year-end 2025.

• ~81% of ABR is from grocery-anchored centers; average grocer sales were ~$710 PSF as of March 31, 2025.

Leasing demand and market takeaways

• ICSC discussions indicated constructive retailer demand, with core categories executing store-opening plans extending through 2025 and into 2026–2027.

• Grocer demand spanned traditional, specialty and large-format stores; established retailers sought incremental locations and new prototypes, while restaurant demand was robust.

• The event drew ~25,000 attendees, including ~3,000 retailers; the team conducted ~700 meetings in two days, with average meetings per attendee up 5% YoY.

• Competition was driving healthy spreads and opportunities to upgrade tenancy; retailers focused on direct landlord deals for recently recaptured space.

• Growing lifestyle and dining tenants are adding open-air center demand, supported by daily traffic, visibility and convenience.

Reinvestment and acquisitions

• Barn Plaza Phase II plans to replace a former 48K-SF theater with three outparcel buildings totaling ~40K SF, with retail, service, food and beverage, and a high-end grocer.

• Rockland Plaza plans to remove ~35K SF of underused space, build ~22K SF of new retail and redevelop or remerchandise ~100K SF.

• Britton Plaza offers an immediate repositioning and density opportunity; it sits on S Dale Mabry Hwy, 1/4 mile from the Selmon Expressway.