Brixmor Property: Run To This Shopping Center Landlord (NYSE:BRX)
REITs had a decent run in the 12 months leading up to May, and that’s when everything started to fall apart. Concerns of mounting inflation, rising rates, and tenant profitability have put a damper in the share prices of many REITs, and the shopping center segment has not been immune to this.
This brings me to Brixmor Property Group (NYSE:BRX), which has seen material share price weakness in recent weeks. In this article, I highlight what makes BRX a quality income buy amidst the market chaos, so let’s get started.
Brixmor Property is one of the largest shopping center REITs in the US, owning and operating a high quality portfolio of 380 retail centers covering 67 million square feet. Its properties are well-located and spread throughout 118 metropolitan statistical areas, and are diversified across over 5K national, regional, and local