Brixmor Property Group Inc. filed its 10-Q with the SEC, and its figures are now in our data. Revenue over the twelve months to Q3 2026 was $1.4 billion, up 5.7% on the year before. That growth rate was down 0.2 percentage points from a quarter earlier.
Profitability
The business is profitable. The trailing net margin was 30.0%. Net income over the twelve months was $426.1 million, rising 28.2% on the year before.
The cash picture
More cash came in than a year earlier. Operating cash flow over the twelve months was $688.2 million, up 8.4% on the year before. Capital spending stood at $424.7 million, or 29.9% of revenue. Free cash flow, defined as operating cash flow less capital spending, reached $263.4 million, up 20.0% on the year before. This represented a free-cash-flow margin of 18.5%, up 2.2 percentage points from a year earlier.
Shares outstanding
The average diluted share count rose 0.2% over the year.
How today compares
In the context of past results, today’s free-cash-flow margin of 18.5% is higher than 65% of the company’s own past quarterly readings, which have ranged from 10.2% to 19.6%. Today’s twelve-month revenue growth rate of 5.7% is higher than 67% of past readings (−9.8% to 11.5%).
Guidance
The company raised its 2026 guidance for nareit FFO per diluted share (adjusted) to a range of $2.35 to $2.37. The company gave its 2026e guidance for net income attributable to brixmor property group inc. of $353.0 million to $359.0 million, for net income attributable to brixmor property group inc. per diluted share of $1.14 to $1.16, and for nareit FFO (adjusted) of $724.0 million to $730.0 million.
What it means for our valuation
These trends feed directly into what the shares are worth in our model. In our model, growth 5 percentage points lower would lower the value by 57.2%, and 5 percentage points higher would raise it by 74.8%. A free-cash-flow margin 1 percentage point lower would lower it by 7.2%.
What comes next
The next filing will show whether the trends above continue, slow or reverse.
