CluenexBrixmor Property Group BRX
Brixmor Property Group scores average on business quality (4.7 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Brixmor Property Group does
Brixmor Property Group owns and operates open-air grocery-anchored shopping centers, collecting rent from national and local retailers across suburban markets. Tenants pay base rent and common-area maintenance fees to secure prime foot traffic anchored by essential grocers.
- What it does best
Brixmor excels at high-margin grocery-anchored leasing, driving a gross margin of 75.1% that sits in the top quartile of its sector at the 74th percentile. This edge stems from hard-to-replicate suburban infill locations where zoning and land scarcity block new supply.
- The main risk
A debt-to-equity ratio of 1.8x combined with a low interest coverage ratio of 2.2x leaves the balance sheet vulnerable to rising borrowing costs. If interest rates remain elevated, debt service will consume a larger share of operating cash flow.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 37.2% with a net margin of 30.8%, supported by steady rental income streams. While margins are stable, negative free cash flow shows that heavy reinvestment currently outpaces cash generation.
Essential grocery anchors create an irreplaceable local distribution node that locks in daily-needs shoppers. Its operating margin sits at the 66th percentile of its sector, backed by high renewal retention.
Revenue grew 6.8% to reach $1404.0M, showing steady acceleration compared to prior annual periods where growth hovered around 3% to 4%.
Total debt stands at $5.5B with an interest coverage ratio of 2.2x, while free cash flow remains negative at -$89.0M due to heavy capital expenditures of $774.0M, pointing to a softer financial position.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 sold $267K outside pre-planned sales.
Our sealed record on BRX
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Brixmor Property Group scores average on the Cluenex quality check (4.7 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health weak.
In the last 90 days of SEC Form 4 filings: 1 sold $267K outside pre-planned sales.
Oct 26, 2026.
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Cite this page: Cluenex, “Brixmor Property Group (BRX)”, https://cluenex.com/stocks/brx/, data as of Oct 10, 2026.