BRIXMOR PROPERTY GROUP INC (BRX) Stock Fundamental Analysis
NYSE:BRX - New York Stock Exchange, Inc. - US11120U1051 - REIT - Currency: USD
BRX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. BRX scores excellent on profitability, but there are concerns on its financial health. BRX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
BRX had positive earnings in the past year.
In the past year BRX had a positive cash flow from operations.
In the past 5 years BRX has always been profitable.
Each year in the past 5 years BRX had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.75%, BRX belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
BRX has a Return On Equity of 13.82%. This is amongst the best in the industry. BRX outperforms 93.85% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.05%, BRX belongs to the top of the industry, outperforming 96.15% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BRX is in line with the industry average of 3.16%.
The last Return On Invested Capital (6.05%) for BRX is above the 3 year average (4.88%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.75% | ||
| ROE | 13.82% | ||
| ROIC | 6.05% |
ROA(3y)3.88%
ROA(5y)3.26%
ROE(3y)11.45%
ROE(5y)9.75%
ROIC(3y)4.88%
ROIC(5y)4.52%
1.3 Margins
The Profit Margin of BRX (25.16%) is better than 80.00% of its industry peers.
In the last couple of years the Profit Margin of BRX has grown nicely.
With an excellent Operating Margin value of 36.35%, BRX belongs to the best of the industry, outperforming 81.54% of the companies in the same industry.
In the last couple of years the Operating Margin of BRX has remained more or less at the same level.
With a decent Gross Margin value of 75.27%, BRX is doing good in the industry, outperforming 72.31% of the companies in the same industry.
In the last couple of years the Gross Margin of BRX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.35% | ||
| PM (TTM) | 25.16% | ||
| GM | 75.27% |
OM growth 3Y-0.02%
OM growth 5Y-0.47%
PM growth 3Y4.08%
PM growth 5Y2.36%
GM growth 3Y0.52%
GM growth 5Y0.17%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BRX is destroying value.
BRX has more shares outstanding than it did 1 year ago.
The number of shares outstanding for BRX has been increased compared to 5 years ago.
Compared to 1 year ago, BRX has a worse debt to assets ratio.
2.2 Solvency
BRX has an Altman-Z score of 1.11. This is a bad value and indicates that BRX is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.11, BRX is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
BRX has a Debt/Equity ratio of 1.73. This is a high value indicating a heavy dependency on external financing.
BRX has a Debt to Equity ratio of 1.73. This is in the lower half of the industry: BRX underperforms 66.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.73 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.11 |
ROIC/WACC0.76
WACC8%
2.3 Liquidity
A Current Ratio of 0.43 indicates that BRX may have some problems paying its short term obligations.
With a Current ratio value of 0.43, BRX is not doing good in the industry: 80.77% of the companies in the same industry are doing better.
A Quick Ratio of 0.42 indicates that BRX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.42, BRX is doing worse than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.43 | ||
| Quick Ratio | 0.42 |
3. Growth
3.1 Past
BRX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.90%, which is quite good.
Measured over the past 5 years, BRX shows a small growth in Earnings Per Share. The EPS has been growing by 3.83% on average per year.
BRX shows a strong growth in Revenue. In the last year, the Revenue has grown by 29.41%.
The Revenue has been growing slightly by 1.92% on average over the past years.
EPS 1Y (TTM)12.9%
EPS 3Y7.24%
EPS 5Y3.83%
EPS Q2Q%-20.69%
Revenue 1Y (TTM)29.41%
Revenue growth 3Y3.7%
Revenue growth 5Y1.92%
Sales Q2Q%5.56%
3.2 Future
Based on estimates for the next years, BRX will show a decrease in Earnings Per Share. The EPS will decrease by -3.70% on average per year.
BRX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.40% yearly.
EPS Next Y-18.92%
EPS Next 2Y-5.84%
EPS Next 3Y-0.7%
EPS Next 5Y-3.7%
Revenue Next Year5.1%
Revenue Next 2Y4.76%
Revenue Next 3Y4.93%
Revenue Next 5Y5.4%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 24.49, the valuation of BRX can be described as rather expensive.
75.38% of the companies in the same industry are more expensive than BRX, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BRX to the average of the S&P500 Index (27.21), we can say BRX is valued inline with the index average.
With a Price/Forward Earnings ratio of 26.12, BRX can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, BRX is valued a bit cheaper than 80.00% of the companies in the same industry.
BRX is valuated rather expensively when we compare the Price/Forward Earnings ratio to 21.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.49 | ||
| Fwd PE | 26.12 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BRX is valued a bit cheaper than 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.15 |
4.3 Compensation for Growth
The excellent profitability rating of BRX may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)6.4
EPS Next 2Y-5.84%
EPS Next 3Y-0.7%
5. Dividend
5.1 Amount
BRX has a Yearly Dividend Yield of 4.43%, which is a nice return.
Compared to an average industry Dividend Yield of 6.64, BRX is paying slightly less dividend.
BRX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.43% |
5.2 History
The dividend of BRX decreases each year by -0.56%.
BRX has paid a dividend for at least 10 years, which is a reliable track record.
BRX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-0.56%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
BRX pays out 82.49% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of BRX has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP82.49%
EPS Next 2Y-5.84%
EPS Next 3Y-0.7%
NYSE:BRX (7/2/2025, 10:56:48 AM)
25.71
-0.03 (-0.13%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners101.09%
Inst Owner Change2.85%
Ins Owners0.39%
Ins Owner Change0.63%
Market Cap7.87B
Analysts80
Price Target30.57 (18.9%)
Short Float %4.01%
Short Ratio5.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.43% |
Yearly Dividend1.09
Dividend Growth(5Y)-0.56%
DP82.49%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.15%
Min EPS beat(2)2.35%
Max EPS beat(2)19.95%
EPS beat(4)4
Avg EPS beat(4)18.14%
Min EPS beat(4)2.35%
Max EPS beat(4)44.96%
EPS beat(8)7
Avg EPS beat(8)14.83%
EPS beat(12)11
Avg EPS beat(12)28.62%
EPS beat(16)15
Avg EPS beat(16)36.59%
Revenue beat(2)1
Avg Revenue beat(2)0.29%
Min Revenue beat(2)-0.6%
Max Revenue beat(2)1.17%
Revenue beat(4)1
Avg Revenue beat(4)-0.51%
Min Revenue beat(4)-1.79%
Max Revenue beat(4)1.17%
Revenue beat(8)3
Avg Revenue beat(8)-0.32%
Revenue beat(12)5
Avg Revenue beat(12)-0.07%
Revenue beat(16)9
Avg Revenue beat(16)0.56%
PT rev (1m)-1.36%
PT rev (3m)-4.63%
EPS NQ rev (1m)-0.58%
EPS NQ rev (3m)-4.29%
EPS NY rev (1m)-0.62%
EPS NY rev (3m)-2.26%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)0.25%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.49 | ||
| Fwd PE | 26.12 | ||
| P/S | 4.85 | ||
| P/FCF | N/A | ||
| P/OCF | 12.56 | ||
| P/B | 2.66 | ||
| P/tB | 2.66 | ||
| EV/EBITDA | 13.15 |
EPS(TTM)1.05
EY4.08%
EPS(NY)0.98
Fwd EY3.83%
FCF(TTM)-0.1
FCFYN/A
OCF(TTM)2.05
OCFY7.96%
SpS5.3
BVpS9.65
TBVpS9.65
PEG (NY)N/A
PEG (5Y)6.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.75% | ||
| ROE | 13.82% | ||
| ROCE | 7.66% | ||
| ROIC | 6.05% | ||
| ROICexc | 6.14% | ||
| ROICexgc | 6.15% | ||
| OM | 36.35% | ||
| PM (TTM) | 25.16% | ||
| GM | 75.27% | ||
| FCFM | N/A |
ROA(3y)3.88%
ROA(5y)3.26%
ROE(3y)11.45%
ROE(5y)9.75%
ROIC(3y)4.88%
ROIC(5y)4.52%
ROICexc(3y)4.98%
ROICexc(5y)4.66%
ROICexgc(3y)4.99%
ROICexgc(5y)4.67%
ROCE(3y)6.18%
ROCE(5y)5.73%
ROICexcg growth 3Y5.16%
ROICexcg growth 5Y4.28%
ROICexc growth 3Y5.16%
ROICexc growth 5Y4.27%
OM growth 3Y-0.02%
OM growth 5Y-0.47%
PM growth 3Y4.08%
PM growth 5Y2.36%
GM growth 3Y0.52%
GM growth 5Y0.17%
F-Score6
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.73 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.18 | ||
| Cap/Depr | 165.73% | ||
| Cap/Sales | 40.42% | ||
| Interest Coverage | 2.77 | ||
| Cash Conversion | 63.54% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.43 | ||
| Quick Ratio | 0.42 | ||
| Altman-Z | 1.11 |
F-Score6
WACC8%
ROIC/WACC0.76
Cap/Depr(3y)160.08%
Cap/Depr(5y)147.91%
Cap/Sales(3y)46.34%
Cap/Sales(5y)43.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.9%
EPS 3Y7.24%
EPS 5Y3.83%
EPS Q2Q%-20.69%
EPS Next Y-18.92%
EPS Next 2Y-5.84%
EPS Next 3Y-0.7%
EPS Next 5Y-3.7%
Revenue 1Y (TTM)29.41%
Revenue growth 3Y3.7%
Revenue growth 5Y1.92%
Sales Q2Q%5.56%
Revenue Next Year5.1%
Revenue Next 2Y4.76%
Revenue Next 3Y4.93%
Revenue Next 5Y5.4%
EBIT growth 1Y29.99%
EBIT growth 3Y3.69%
EBIT growth 5Y1.45%
EBIT Next Year85.06%
EBIT Next 3Y26.81%
EBIT Next 5Y21.65%
FCF growth 1Y-364.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y6.29%
OCF growth 3Y4.2%
OCF growth 5Y3.39%