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No. of Recommendations: 2
Key highlights for the three months ended September 30, 2020 include:

Executed 2.2 million square feet of new and renewal leases, with rent spreads on comparable space of 5.7%, including 0.7 million square feet of new leases, with rent spreads on comparable space of 14.1%

Realized total leased occupancy of 91.2%, anchor leased occupancy of 94.4% and small shop leased occupancy of 84.3%

Rent collections continue to improve and reflect continued tenant re-openings, with 80.8% of billed based rent for the three months ended June 30, 2020, 88.2% of billed base rent for the three months ended September 30, 2020 and 89.6% of billed base rent for October 2020 collected (as of October 30, 2020)

Reported a decrease in same property NOI of 9.3%, reflecting $20.9 million of revenues deemed uncollectible primarily related to COVID-19

Reported NAREIT FFO of $106.6 million, or $0.36 per diluted share, reflecting $21.5 million of revenues deemed uncollectible and an $11.3 million reversal of straight-line rental income, net primarily related to COVID-19

Issued $300.0 million of Senior Notes due 2030, increasing total liquidity to $1.9 billion

The Company's Board of Directors reinstated the Company's quarterly cash dividend at $0.215 per common share (equivalent to $0.860 per annum)


https://seekingalpha.com/pr/18071758-brixmor-property-group-...

David
Long BRX
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