- Since new management took over in 2016, BRX has undergone a thorough portfolio transformation.
- The shopping center REIT still has lower-than-average property locations, but redevelopment investments have paid off handsomely and improved the attractiveness of its space to retailers.
- As a result of reinvestments and below-average rents per square foot, BRX is currently enjoying above-average rent growth at its centers.
- The portfolio recycling process is nearly complete, and BRX now seems to be entering into a new growth mode.
For further details see:
Brixmor Property Group: Attractive Value Play In The Shopping Center REIT Space