BRIXMOR OPERATING PARTNERSHIP LP, 10-Q filed on 4/27/2026
Quarterly Report
v3.26.1
Cover Page - shares
 3 Months Ended
Mar. 31, 2026
Apr. 01, 2026
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2026  
Document Transition Report false  
Entity File Number 001-36160  
Entity Registrant Name Brixmor Property Group Inc.  
Entity Incorporation, State or Country Code MD  
Entity Tax Identification Number 45-2433192  
Entity Address, Address Line One 100 Park Avenue  
Entity Address, City or Town New York  
Entity Address, State or Province NY  
Entity Address, Postal Zip Code 10017  
City Area Code 212  
Local Phone Number 869-3000  
Title of 12(b) Security Common Stock, par value $0.01 per share  
Trading Symbol BRX  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   306,836,617
Entity Central Index Key 0001581068  
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
Current Fiscal Year End Date --12-31  
Brixmor Operating Partnership LP    
Entity Information [Line Items]    
Document Period End Date Mar. 31, 2026  
Entity File Number 333-256637-01  
Entity Registrant Name Brixmor Operating Partnership LP  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 80-0831163  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0001630031  
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
Current Fiscal Year End Date --12-31  
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Real estate    
Land $ 1,837,739 $ 1,849,779
Buildings and improvements 9,907,526 9,937,718
Real estate, gross 11,745,265 11,787,497
Accumulated depreciation and amortization (3,636,118) (3,588,646)
Real estate, net 8,109,147 8,198,851
Cash and cash equivalents 323,934 334,422
Restricted cash 100,633 27,108
Marketable securities 20,480 21,283
Receivables, net 302,774 315,128
Deferred charges and prepaid expenses, net 170,538 169,326
Real estate assets held for sale 5,290 4,551
Other assets 70,595 62,468
Total assets 9,103,391 9,133,137
Liabilities    
Debt obligations, net 5,496,071 5,494,753
Accounts payable, accrued expenses and other liabilities 570,407 628,328
Total liabilities 6,066,478 6,123,081
Commitments and contingencies (Note 14) 0 0
Equity    
Common stock 3,068 3,061
Additional paid-in capital 3,424,070 3,437,853
Accumulated other comprehensive income 9,409 1,722
Distributions in excess of net income (399,883) (432,822)
Total stockholders' equity 3,036,664 3,009,814
Non-controlling interests 249 242
Total equity 3,036,913 3,010,056
Total liabilities and equity 9,103,391 9,133,137
Brixmor Operating Partnership LP    
Real estate    
Land 1,837,739 1,849,779
Buildings and improvements 9,907,526 9,937,718
Real estate, gross 11,745,265 11,787,497
Accumulated depreciation and amortization (3,636,118) (3,588,646)
Real estate, net 8,109,147 8,198,851
Cash and cash equivalents 323,401 333,888
Restricted cash 100,633 27,108
Marketable securities 20,480 21,283
Receivables, net 302,774 315,128
Deferred charges and prepaid expenses, net 170,538 169,326
Real estate assets held for sale 5,290 4,551
Other assets 70,595 62,468
Total assets 9,102,858 9,132,603
Liabilities    
Debt obligations, net 5,496,071 5,494,753
Accounts payable, accrued expenses and other liabilities 570,407 628,328
Total liabilities 6,066,478 6,123,081
Commitments and contingencies (Note 14) 0 0
Equity    
Common stock 3,026,722 3,007,558
Accumulated other comprehensive income 9,409 1,722
Total stockholders' equity 3,036,131 3,009,280
Non-controlling interests 249 242
Total equity 3,036,380 3,009,522
Total liabilities and equity $ 9,102,858 $ 9,132,603
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Mar. 31, 2026
Dec. 31, 2025
Common stock, par value (usd per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 3,000,000,000 3,000,000,000
Common stock, shares issued (in shares) 315,963,609 315,231,761
Common stock, shares outstanding (in shares) 306,836,617 306,104,769
Brixmor Operating Partnership LP    
Common stock, shares issued (in shares) 315,963,609 315,231,761
Common stock, shares outstanding (in shares) 306,836,617 306,104,769
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Rental income $ 354,337 $ 337,241
Other revenues 482 271
Total revenues 354,819 337,512
Operating expenses    
Operating costs 41,914 39,211
Real estate taxes 45,403 44,893
Depreciation and amortization 105,202 105,597
General and administrative 28,192 28,173
Total operating expenses 220,711 217,874
Other income (expense)    
Dividends and interest 3,205 1,706
Interest expense (59,392) (54,084)
Gain on sale of real estate assets 52,097 3,070
Other (2,261) (593)
Total other expense (6,351) (49,901)
Net income 127,757 69,737
Net income attributable to non-controlling interests (7) (8)
Net income attributable to Brixmor Property Group Inc. $ 127,750 $ 69,729
Net income attributable to Brixmor Property Group Inc. per common share:    
Basic (usd per share) $ 0.42 $ 0.23
Diluted (usd per share) $ 0.41 $ 0.23
Weighted average shares:    
Basic (in shares) 307,024 306,766
Diluted (in shares) 307,679 307,252
Brixmor Operating Partnership LP    
Revenues    
Rental income $ 354,337 $ 337,241
Other revenues 482 271
Total revenues 354,819 337,512
Operating expenses    
Operating costs 41,914 39,211
Real estate taxes 45,403 44,893
Depreciation and amortization 105,202 105,597
General and administrative 28,192 28,173
Total operating expenses 220,711 217,874
Other income (expense)    
Dividends and interest 3,205 1,706
Interest expense (59,392) (54,084)
Gain on sale of real estate assets 52,097 3,070
Other (2,261) (593)
Total other expense (6,351) (49,901)
Net income 127,757 69,737
Net income attributable to non-controlling interests (7) (8)
Net income attributable to Brixmor Property Group Inc. $ 127,750 $ 69,729
Net income attributable to Brixmor Property Group Inc. per common share:    
Basic (usd per share) $ 0.42 $ 0.23
Diluted (usd per share) $ 0.41 $ 0.23
Weighted average shares:    
Basic (in shares) 307,024 306,766
Diluted (in shares) 307,679 307,252
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net income $ 127,757 $ 69,737
Other comprehensive income (loss)    
Change in unrealized gain (loss) on interest rate swaps, net (Note 6) 7,796 (4,302)
Change in unrealized gain (loss) on marketable securities (109) 159
Total other comprehensive income (loss) 7,687 (4,143)
Comprehensive income 135,444 65,594
Comprehensive income attributable to non-controlling interests (7) (8)
Comprehensive income attributable to Brixmor Property Group Inc. 135,437 65,586
Brixmor Operating Partnership LP    
Net income 127,757 69,737
Other comprehensive income (loss)    
Change in unrealized gain (loss) on interest rate swaps, net (Note 6) 7,796 (4,302)
Change in unrealized gain (loss) on marketable securities (109) 159
Total other comprehensive income (loss) 7,687 (4,143)
Comprehensive income 135,444 65,594
Comprehensive income attributable to non-controlling interests (7) (8)
Comprehensive income attributable to Brixmor Property Group Inc. $ 135,437 $ 65,586
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Distributions in Excess of Net Income
Non-controlling Interests
Beginning balance (in shares) at Dec. 31, 2024   305,492        
Beginning balance at Dec. 31, 2024 $ 2,983,922 $ 3,055 $ 3,431,043 $ 8,218 $ (458,638) $ 244
Increase (Decrease) in Equity [Roll Forward]            
Common stock dividends (88,492)       (88,492)  
Equity based compensation expense 4,650   4,650      
Other comprehensive income (loss) (4,143)     (4,143)    
Issuance of common stock, net of issuance costs (in shares)   568        
Issuance of common stock, net of issuance costs 0 $ 6 (6)      
Repurchases of common shares in conjunction with equity award plans (11,645)   (11,645)      
Net income 69,737       69,729 8
Ending balance (in shares) at Mar. 31, 2025   306,060        
Ending balance at Mar. 31, 2025 2,954,029 $ 3,061 3,424,042 4,075 (477,401) 252
Beginning balance (in shares) at Dec. 31, 2025   306,105        
Beginning balance at Dec. 31, 2025 3,010,056 $ 3,061 3,437,853 1,722 (432,822) 242
Increase (Decrease) in Equity [Roll Forward]            
Common stock dividends (94,811)       (94,811)  
Equity based compensation expense 2,636   2,636      
Other comprehensive income (loss) 7,687     7,687    
Issuance of common stock, net of issuance costs (in shares)   732        
Issuance of common stock, net of issuance costs 0 $ 7 (7)      
Repurchases of common shares in conjunction with equity award plans (16,412)   (16,412)      
Net income 127,757       127,750 7
Ending balance (in shares) at Mar. 31, 2026   306,837        
Ending balance at Mar. 31, 2026 $ 3,036,913 $ 3,068 $ 3,424,070 $ 9,409 $ (399,883) $ 249
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Parenthetical - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Stockholders' Equity [Abstract]    
Dividends, per common share (usd per share) $ 0.3075 $ 0.2875
Dividends, per common share (usd per share) $ 0.3075 $ 0.2875
Common stock dividends $ (94,811) $ (88,492)
Equity based compensation expense 2,636 4,650
Other comprehensive income (loss) 7,687 (4,143)
Issuance of common stock, net of issuance costs 0 0
Repurchases of common shares in conjunction with equity award plans (16,412) (11,645)
Net income 127,757 69,737
Distributions in Excess of Net Income    
Common stock dividends (94,811) (88,492)
Net income 127,750 69,729
Additional Paid-in Capital    
Equity based compensation expense 2,636 4,650
Issuance of common stock, net of issuance costs (7) (6)
Repurchases of common shares in conjunction with equity award plans (16,412) (11,645)
Accumulated Other Comprehensive Income (Loss)    
Other comprehensive income (loss) $ 7,687 $ (4,143)
Common Stock    
Issuance of common stock, net of issuance costs (in shares) 732 568
Issuance of common stock, net of issuance costs $ 7 $ 6
Non-controlling Interests    
Net income $ 7 $ 8
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN CAPITAL - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Increase (Decrease) in Partners' Capital [Roll Forward]    
Beginning balance $ 3,010,056 $ 2,983,922
Equity based compensation expense 2,636 4,650
Other comprehensive income (loss) 7,687 (4,143)
Issuance of OP Units, net of issuance costs 0 0
Repurchases of OP Units in conjunction with equity award plans 16,412 11,645
Net income 127,757 69,737
Ending balance 3,036,913 2,954,029
Brixmor Operating Partnership LP    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Beginning balance 3,009,522 2,983,262
Distributions to partners 94,810 88,916
Equity based compensation expense 2,636 4,650
Other comprehensive income (loss) 7,687 (4,143)
Repurchases of OP Units in conjunction with equity award plans 16,412 11,645
Net income 127,757 69,737
Ending balance 3,036,380 2,952,945
Partnership Common Units | Brixmor Operating Partnership LP    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Beginning balance 3,007,558 2,974,800
Distributions to partners 94,810 88,916
Equity based compensation expense 2,636 4,650
Repurchases of OP Units in conjunction with equity award plans 16,412 11,645
Net income 127,750 69,729
Ending balance 3,026,722 2,948,618
Accumulated Other Comprehensive Income (Loss)    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Beginning balance 1,722 8,218
Other comprehensive income (loss) 7,687 (4,143)
Ending balance 9,409 4,075
Accumulated Other Comprehensive Income (Loss) | Brixmor Operating Partnership LP    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Beginning balance 1,722 8,218
Other comprehensive income (loss) 7,687 (4,143)
Ending balance 9,409 4,075
Non-controlling Interests    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Beginning balance 242 244
Net income 7 8
Ending balance 249 252
Non-controlling Interests | Brixmor Operating Partnership LP    
Increase (Decrease) in Partners' Capital [Roll Forward]    
Beginning balance 242 244
Net income 7 8
Ending balance $ 249 $ 252
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income $ 127,757 $ 69,737
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 105,202 105,597
Accretion of debt premium and discount, net (664) (695)
Deferred financing cost amortization 1,982 1,766
Accretion of above- and below-market leases, net (4,635) (3,276)
Tenant inducement amortization and other 519 750
Gain on sale of real estate assets (52,097) (3,070)
Equity based compensation 2,385 4,113
Changes in operating assets and liabilities:    
Receivables, net 10,189 9,442
Deferred charges and prepaid expenses (9,375) (7,140)
Other assets 119 49
Accounts payable, accrued expenses and other liabilities (40,198) (47,185)
Net cash provided by operating activities 141,184 130,088
Investing activities:    
Improvements to and investments in real estate assets (70,981) (82,509)
Acquisitions of real estate assets 0 (3,144)
Proceeds from sales of real estate assets 105,668 21,636
Purchase of marketable securities (1,036) (4,477)
Proceeds from sale of marketable securities 1,736 5,035
Net cash provided by (used in) investing activities 35,387 (63,459)
Financing activities:    
Repayment of borrowings under unsecured revolving credit facility 0 (407,000)
Proceeds from borrowings under unsecured revolving credit facility 0 407,000
Proceeds from unsecured notes 0 399,324
Repayment of borrowings under unsecured notes 0 (632,312)
Deferred financing and debt extinguishment costs (215) (3,718)
Net proceeds from issuances of common shares (33) (78)
Distributions to common stockholders (96,874) (89,465)
Repurchases of common shares in conjunction with equity award plans (16,412) (11,644)
Net cash used in financing activities (113,534) (337,893)
Net change in cash, cash equivalents and restricted cash 63,037 (271,264)
Cash, cash equivalents and restricted cash at beginning of period 361,530 378,692
Cash, cash equivalents and restricted cash at end of period 424,567 107,428
Reconciliation to consolidated balance sheets:    
Cash and cash equivalents 323,934 106,534
Restricted cash 100,633 894
Cash, cash equivalents and restricted cash at end of period 424,567 107,428
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amount capitalized of $823 and $1,264 67,486 73,213
Change in accrued capital expenditures (7,733) (3,396)
Brixmor Operating Partnership LP    
Operating activities:    
Net income 127,757 69,737
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 105,202 105,597
Accretion of debt premium and discount, net (664) (695)
Deferred financing cost amortization 1,982 1,766
Accretion of above- and below-market leases, net (4,635) (3,276)
Tenant inducement amortization and other 519 750
Gain on sale of real estate assets (52,097) (3,070)
Equity based compensation 2,385 4,113
Changes in operating assets and liabilities:    
Receivables, net 10,189 9,442
Deferred charges and prepaid expenses (9,375) (7,140)
Other assets 119 49
Accounts payable, accrued expenses and other liabilities (40,198) (47,185)
Net cash provided by operating activities 141,184 130,088
Investing activities:    
Improvements to and investments in real estate assets (70,981) (82,509)
Acquisitions of real estate assets 0 (3,144)
Proceeds from sales of real estate assets 105,668 21,636
Purchase of marketable securities (1,036) (4,477)
Proceeds from sale of marketable securities 1,736 5,035
Net cash provided by (used in) investing activities 35,387 (63,459)
Financing activities:    
Repayment of borrowings under unsecured revolving credit facility 0 (407,000)
Proceeds from borrowings under unsecured revolving credit facility 0 407,000
Proceeds from unsecured notes 0 399,324
Repayment of borrowings under unsecured notes 0 (632,312)
Deferred financing and debt extinguishment costs (215) (3,718)
Net proceeds from issuances of common shares (33) (78)
Partner distributions and repurchases of OP Units (113,285) (101,533)
Net cash used in financing activities (113,533) (338,317)
Net change in cash, cash equivalents and restricted cash 63,038 (271,688)
Cash, cash equivalents and restricted cash at beginning of period 360,996 378,032
Cash, cash equivalents and restricted cash at end of period 424,034 106,344
Reconciliation to consolidated balance sheets:    
Cash and cash equivalents 323,401 105,450
Restricted cash 100,633 894
Cash, cash equivalents and restricted cash at end of period 424,034 106,344
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amount capitalized of $823 and $1,264 67,486 73,213
Change in accrued capital expenditures $ (7,733) $ (3,396)
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest paid, capitalized $ 823 $ 1,264
Brixmor Operating Partnership LP    
Interest paid, capitalized $ 823 $ 1,264
v3.26.1
Nature of Business and Financial Statement Presentation
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Nature of Business and Financial Statement Presentation Nature of Business and Financial Statement Presentation
Description of Business
Brixmor Property Group Inc. and subsidiaries (collectively, the "Parent Company") is an internally-managed corporation that has elected to be taxed as a real estate investment trust ("REIT"). Brixmor Operating Partnership LP and subsidiaries (collectively, the "Operating Partnership") is the entity through which the Parent Company conducts substantially all of its operations and owns substantially all of its assets. The Parent Company owns 100% of the limited liability company interests of BPG Subsidiary LLC ("BPG Sub"), which, in turn, is the sole member of Brixmor OP GP LLC (the "General Partner"), the sole general partner of the Operating Partnership. The Parent Company engages in the ownership, management, leasing, acquisition, disposition, and redevelopment of retail shopping centers through the Operating Partnership, and has no other substantial assets or liabilities other than through its investment in the Operating Partnership. The Parent Company, the Operating Partnership, and their consolidated subsidiaries (collectively, the "Company" or "Brixmor") owns and operates one of the largest publicly traded open-air retail portfolios by gross leasable area ("GLA") in the United States ("U.S."), comprised primarily of grocery-anchored community and neighborhood shopping centers. As of March 31, 2026, the Company’s portfolio was comprised of 344 shopping centers (the "Portfolio") totaling approximately 62 million square feet of GLA. The Company’s high-quality national Portfolio is primarily located within established trade areas in the top 50 Core-Based Statistical Areas in the U.S., and its shopping centers are primarily anchored by non-discretionary and value-oriented retailers, as well as consumer-oriented service providers.

The Company does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company has a single operating and reportable segment for disclosure purposes in accordance with U.S. generally accepted accounting principles ("GAAP").

Basis of Presentation
The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for the fair presentation of the unaudited Condensed Consolidated Financial Statements for the periods presented have been included. The operating results for the periods presented are not necessarily indicative of the results that may be expected for a full fiscal year. These financial statements should be read in conjunction with the financial statements for the year ended December 31, 2025 and accompanying notes included in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 9, 2026.

Principles of Consolidation
The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of the Parent Company, the Operating Partnership, each of their wholly owned subsidiaries, and all other entities in which they have a controlling financial interest. All intercompany transactions have been eliminated.

Forward Equity Sales
Forward equity sale contracts under the Company's at-the-market equity offering program (the "ATM Program") are evaluated under Accounting Standards Codification 815-40. The Company has determined that the forward sale contracts meet the criteria for equity classification, and as such, these contracts are classified as equity instruments and are not recognized on the unaudited Condensed Consolidated Balance Sheets until settlement. The Company also accounts for the potential dilution from forward sale contracts in earnings per share calculations, using the treasury stock method to determine any dilutive impact prior to settlement.

Income Taxes
The Parent Company has elected to qualify as a REIT in accordance with the Internal Revenue Code of 1986, as amended (the "Code"). To qualify as a REIT, the Parent Company must meet several organizational and operational requirements, including a requirement that it annually distribute to its stockholders at least 90% of its REIT taxable
income, as defined under the Code, determined without regard to the deduction for dividends paid and excluding net capital gains. Management intends to continue to satisfy these requirements and maintain the Parent Company's REIT status. As a REIT, the Parent Company generally will not be subject to U.S. federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income.

The Parent Company conducts substantially all of its operations through the Operating Partnership, which is organized as a limited partnership and treated as a pass-through entity for U.S. federal tax purposes. Therefore, U.S. federal income taxes do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company.

If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal taxes at regular corporate rates and may not be able to qualify as a REIT for the four subsequent taxable years. Even if the Parent Company qualifies for taxation as a REIT, the Parent Company is subject to certain state and local taxes on its income and property, and to U.S. federal income and excise taxes on its undistributed taxable income as well as other income items, as applicable.

The Parent Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (each a "TRS"), and the Parent Company may in the future elect to treat newly formed and/or other existing subsidiaries as TRSs. A TRS may participate in non-real estate related activities and/or perform non-customary services for tenants and is subject to certain limitations under the Code. A TRS is subject to U.S. federal, state, and local income taxes at regular corporate rates. Income taxes related to the Parent Company’s TRSs do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company.

The Company has considered the tax positions taken for the open tax years and has concluded that no provision for income taxes related to uncertain tax positions is required in the Company’s unaudited Condensed Consolidated Financial Statements as of March 31, 2026 and December 31, 2025. Open tax years generally range from 2022 through 2025 but may vary by jurisdiction and issue. The Company recognizes penalties and interest accrued related to unrecognized tax benefits as income tax expense, which is included in Other on the Company’s unaudited Condensed Consolidated Statements of Operations.

New Accounting Pronouncements
There has been no change to the impact of the accounting pronouncements disclosed in the Company's annual report on Form 10-K filed with the SEC on February 9, 2026 and any recently issued accounting standards or pronouncements have been excluded as they either are not relevant to the Company, or they are not expected to have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company.
v3.26.1
Acquisition of Real Estate
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisition of Real Estate Acquisition of Real Estate
During the three months ended March 31, 2026, the Company did not acquire any assets.

During the three months ended March 31, 2025, the Company acquired the following asset:

DescriptionLocationMonth AcquiredGLA
Aggregate Purchase Price(1)
Land at Suffolk PlazaEast Setauket, NYJan-25— $3,144 
— $3,144 
(1)Aggregate purchase price includes less than $0.1 million of transaction costs.

The aggregate purchase price of the assets acquired during the three months ended March 31, 2026 and 2025, respectively, has been allocated as follows:

Three Months Ended March 31,
Assets20262025
Land$— $3,144 
Total assets acquired$— $3,144 
v3.26.1
Dispositions and Assets Held for Sale
 3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Dispositions and Assets Held for Sale Dispositions and Assets Held for Sale
During the three months ended March 31, 2026, the Company disposed of four shopping centers for aggregate net proceeds of $105.7 million, resulting in aggregate gain of $52.1 million.

During the three months ended March 31, 2025, the Company disposed of two shopping centers and two partial shopping centers for aggregate net proceeds of $21.6 million, resulting in aggregate gain of $3.1 million.

As of March 31, 2026 and December 31, 2025, the Company had one property held for sale. There were no liabilities associated with the property classified as held for sale. The following table presents the assets associated with the property classified as held for sale:

AssetsMarch 31, 2026December 31, 2025
Land$1,620 $233 
Buildings and improvements7,017 5,579 
Accumulated depreciation and amortization(3,578)(1,407)
Real estate, net5,059 4,405 
Other assets231 146 
Assets associated with real estate assets held for sale$5,290 $4,551 
There were no discontinued operations for the three months ended March 31, 2026 and 2025 as none of the dispositions represented a strategic shift in the Company’s business that would qualify as discontinued operations.
v3.26.1
Real Estate
 3 Months Ended
Mar. 31, 2026
Real Estate [Abstract]  
Real Estate Real Estate
The Company’s components of Real estate, net consisted of the following:

March 31, 2026December 31, 2025
Land$1,837,739 $1,849,779 
Buildings and improvements:
Buildings and tenant improvements9,368,638 9,388,978 
Lease intangibles(1)
538,888 548,740 
11,745,265 11,787,497 
Accumulated depreciation and amortization(2)
(3,636,118)(3,588,646)
Total$8,109,147 $8,198,851 
(1)As of March 31, 2026 and December 31, 2025, Lease intangibles consisted of $498.9 million and $508.2 million, respectively, of in-place leases and $39.9 million and $40.6 million, respectively, of above-market leases. These intangible assets are amortized over the term of each related lease.
(2)As of March 31, 2026 and December 31, 2025, Accumulated depreciation and amortization included $426.7 million and $426.6 million, respectively, of accumulated amortization related to Lease intangibles.

In addition, as of March 31, 2026 and December 31, 2025, the Company had intangible liabilities relating to below-market leases of $383.2 million and $389.1 million, respectively, and accumulated accretion of $243.4 million and $244.3 million, respectively. These intangible liabilities are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets.
Below-market lease accretion income, net of above-market lease amortization for the three months ended March 31, 2026 and 2025 was $4.6 million and $3.3 million, respectively. These amounts are included in Rental income on the Company’s unaudited Condensed Consolidated Statements of Operations. Amortization expense associated with in-place lease value for the three months ended March 31, 2026 and 2025 was $9.6 million and $6.8 million, respectively. These amounts are included in Depreciation and amortization on the Company’s unaudited Condensed Consolidated Statements of Operations. The Company’s estimated below-market lease accretion income, net of above-market lease amortization expense, and in-place lease amortization expense for the next five years are as follows:

Year ending December 31,
Below-market lease accretion (income), net of above-market lease amortization expense
In-place lease amortization expense
2026 (remaining nine months)$(10,603)$23,940 
2027(11,464)23,445 
2028(10,407)16,384 
2029(9,376)11,297 
2030(8,807)6,884 
2031(8,390)5,872 
v3.26.1
Impairments
 3 Months Ended
Mar. 31, 2026
Impairment of Real Estate [Abstract]  
Impairments Impairments
Management periodically assesses whether there are any indicators, including property operating performance, changes in anticipated hold period, and general market conditions, that the carrying value of the Company’s real estate assets (including any related intangible assets or liabilities) may be impaired. If management determines that the carrying value of a real estate asset is impaired, an impairment charge is recognized to reflect the estimated fair value.

The Company did not recognize any impairments during the three months ended March 31, 2026 and 2025.

The Company can provide no assurance that material impairment charges with respect to its Portfolio will not occur in future periods. See Note 3 for additional information regarding impairment charges taken in connection with the Company’s dispositions, if any. See Note 8 for additional information regarding the fair value of operating properties that have been impaired, if any.
v3.26.1
Financial Instruments - Derivatives and Hedging
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Financial Instruments - Derivatives and Hedging Financial Instruments – Derivatives and Hedging
The Company’s use of derivative instruments is intended to manage its exposure to interest rate movements and such instruments are not utilized for speculative purposes. In certain situations, the Company may enter into derivative financial instruments, such as interest rate swap agreements and interest rate cap agreements that result in the receipt and/or payment of future known and uncertain cash amounts, the value of which are determined by market interest rates.

Cash Flow Hedges of Interest Rate Risk
Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts, generally based on the Secured Overnight Financing Rate ("SOFR"), from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchanging the underlying notional amount. Interest rate lock agreements designated as cash flow hedges generally involve the Company locking a fixed benchmark U.S. treasury rate with a counterparty for a specified future period to hedge variability in future cash flows attributable to changes in interest rates. Interest rate lock agreements are settled in cash on the specified settlement date without the exchange of the underlying notional amount. The Company utilizes interest rate swap and interest rate locks agreements to partially hedge the cash flows associated with variable-rate debt or future cash flows associated with forecasted fixed-rate debt issuances. During the three months ended March 31, 2026, the Company entered into two interest rate lock agreements. During the year ended December 31, 2025, the Company did not enter into any new interest rate swap or interest rate lock agreements. The Company has elected to present its interest rate derivatives on its unaudited Consolidated Balance Sheets on a gross basis as interest rate derivative assets and interest rate derivative liabilities. The gross derivative assets are included in Other assets and the gross derivative liabilities are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets.
Detail on the terms and fair value of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of March 31, 2026 is as follows:

Fair Value
Effective DateMaturity DateSwapped Variable RateFixed RateNotional AmountAssetsLiabilities
5/1/20237/26/20271 Month SOFR3.58900 %$100,000 $38 $— 
5/1/20237/26/20271 Month SOFR3.59500 %75,000 23 — 
5/1/20237/26/20271 Month SOFR3.59300 %25,000 8 — 
7/26/20247/26/20271 Month SOFR4.07670 %100,000 — (594)
7/26/20247/26/20271 Month SOFR4.07700 %100,000 — (595)
7/26/20247/26/20271 Month SOFR4.07670 %50,000 — (297)
7/26/20247/26/20271 Month SOFR4.07700 %50,000 — (297)
2/27/20265/11/2026
U.S. 10 year treasury(1)
3.99579 %100,000 2,557 — 
2/27/20265/11/2026
U.S. 10 year treasury(1)
3.99270 %100,000 2,582 — 
$700,000 $5,208 $(1,783)
(1)In February 2026, the Company entered into two interest rate lock agreements with an aggregate notional amount of $200.0 million to hedge against the changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of $200.0 million of fixed-rate debt.

Detail on the terms and fair value of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of December 31, 2025 is as follows:

Fair Value
Effective DateMaturity DateSwapped Variable RateFixed RateNotional AmountAssetsLiabilities
5/1/20237/26/20271 Month SOFR3.5890 %$100,000 $— $(460)
5/1/20237/26/20271 Month SOFR3.5950 %75,000 — (352)
5/1/20237/26/20271 Month SOFR3.5930 %25,000 — (117)
7/26/20247/26/20271 Month SOFR4.0767 %100,000 — (1,208)
7/26/20247/26/20271 Month SOFR4.0770 %100,000 — (1,208)
7/26/20247/26/20271 Month SOFR4.0767 %50,000 — (604)
7/26/20247/26/20271 Month SOFR4.0770 %50,000 — (604)
$500,000 $— $(4,553)

All of the Company's outstanding interest rate swap and interest rate lock agreements for the periods presented were designated as cash flow hedges of interest rate risk. The fair value of the Company’s interest rate derivatives is determined using market standard valuation techniques, including discounted cash flow analyses, on the expected cash flows of each derivative. These analyses reflect the contractual terms of the derivative, including the period to maturity, and use observable market-based inputs, including interest rate curves and implied volatility. These inputs are classified as Level 2 of the fair value hierarchy. The effective portion of changes in the fair value of derivatives designated as cash flow hedges is recognized in Other comprehensive income (loss) on the Company's unaudited Condensed Consolidated Statements of Comprehensive Income and is reclassified into earnings as interest expense in the period that the hedged transaction affects earnings.

The effective portion of the Company’s interest rate derivatives that was recognized on the Company’s unaudited Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2026 and 2025 is as follows:

Derivatives in Cash Flow Hedging Relationships
(Interest Rate Derivatives)		Three Months Ended March 31,
20262025
Change in unrealized gain (loss) on interest rate swaps$7,727 $(3,566)
Amortization (Accretion) of interest rate swaps to interest expense69 (736)
Change in unrealized gain (loss) on interest rate swaps, net$7,796 $(4,302)

The Company estimates that $0.5 million will be reclassified from Accumulated other comprehensive income as an increase to Interest expense over the next twelve months. No gain or loss was recognized related to hedge
ineffectiveness or to amounts excluded from effectiveness testing on the Company’s cash flow hedges during the three months ended March 31, 2026 and 2025.

Non-Designated (Mark-to-Market) Hedges of Interest Rate Risk
The Company does not use derivatives for trading or speculative purposes. As of March 31, 2026 and December 31, 2025, the Company did not have any non-designated hedges.

Credit-risk-related Contingent Features
The Company has agreements with its derivative counterparties that contain provisions whereby if the Company defaults on certain of its indebtedness and the indebtedness has been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. If the Company was to be declared in default on its derivative contracts, it would be required to settle its obligations under such agreements at their termination value, including accrued interest.
v3.26.1
Debt Obligations
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Debt Obligations Debt Obligations
As of March 31, 2026 and December 31, 2025, the Company had the following indebtedness outstanding:

Carrying Value as of
March 31,
2026		December 31,
2025
Stated
Interest
Rate(1)
Scheduled
Maturity
Date
Notes payable
Unsecured notes(2)
$5,018,453 $5,018,453 
2.25% – 7.97%
2026 – 2035
Net unamortized premium9,613 10,277 
Net unamortized debt issuance costs(22,524)(23,797)
Total notes payable, net
$5,005,542 $5,004,933 
Unsecured Credit Facility
Revolving Facility
$— $— 4.46%2029
Term Loan Facility(3)(4)
500,000 500,000 4.52%2030
Net unamortized debt issuance costs
(9,471)(10,180)
Total Unsecured Credit Facility and term loans
$490,529 $489,820 
Total debt obligations, net
$5,496,071 $5,494,753 
(1)Stated interest rates as of March 31, 2026 do not include the impact of the Company’s interest rate swap agreements (described below).
(2)The weighted average stated interest rate on the Company’s unsecured notes was 4.20% as of March 31, 2026.
(3)Effective July 26, 2024, the Company has in place four interest rate swap agreements that convert the variable interest rate on $300.0 million outstanding under the Term Loan Facility (defined hereafter) to a fixed, combined interest rate of 4.08% (plus a spread, currently 85 basis points) through July 26, 2027.
(4)Effective May 1, 2023, the Company has in place three interest rate swap agreements that convert the variable interest rate on $200.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 3.59% (plus a spread, currently 85 basis points) through July 26, 2027.

2026 Debt Transactions
During the three months ended March 31, 2026, the Operating Partnership did not borrow or repay any debt obligations.

2025 Debt Transactions
During the year ended December 31, 2025, the Operating Partnership repaid $632.3 million principal amount of the 3.850% Senior Notes due 2025 (the "2025 Notes"), representing all of the outstanding 2025 Notes. The Operating Partnership funded the 2025 Notes repayments with available cash, proceeds from the Revolving Facility, and dispositions.

On March 4, 2025, the Operating Partnership issued $400.0 million aggregate principal amount of Senior Notes due 2032 (the "2032 Notes") at 99.831% of par. The Operating Partnership used the net proceeds for general corporate purposes, including the repayment of indebtedness. The 2032 Notes bear interest at a rate of 5.200% per annum,
payable semi-annually on April 1 and October 1 of each year, commencing October 1, 2025. The 2032 Notes will mature on April 1, 2032.

On April 24, 2025, the Operating Partnership amended and restated its Unsecured Credit Facility. The amended and restated agreements provide for (i) revolving loan commitments of $1.25 billion (the "Revolving Facility") scheduled to mature on April 30, 2029 (extending the applicable scheduled maturity date from June 30, 2026) and (ii) a continuation of the existing $500.0 million term loan (the "Term Loan Facility") scheduled to mature on April 30, 2030 (extending the applicable scheduled maturity date from July 26, 2027). The Revolving Facility includes two six-month maturity extension options, the exercise of which is subject to customary conditions and the payment of a fee on the extended commitments. The current interest rate applicable to the Revolving Facility was effectively lowered (for the margins based on the Operating Partnership’s current credit ratings) to SOFR plus 77.5 basis points from SOFR plus 95 basis points and the current interest rate applicable to the Term Loan Facility was effectively lowered (for the margins based on the Operating Partnership’s current credit ratings), to SOFR plus 85 basis points from SOFR plus 105 basis points, in each case, based on the elimination of a 10 basis point SOFR credit spread adjustment and the ability of the Company to obtain more favorable pricing in certain circumstances when the Company’s leverage ratio meets defined targets. The total capacity under the Unsecured Credit Facility as amended and restated on April 24, 2025 is $1.75 billion.

On September 9, 2025, the Operating Partnership issued $400.0 million aggregate principal amount of Senior Notes due 2033 (the "2033 Notes") at 99.849% of par. The Operating Partnership used the net proceeds for general corporate purposes, including the repayment of indebtedness. The 2033 Notes bear interest at a rate of 4.850% per annum, payable semi-annually on February 15 and August 15 of each year, commencing February 15, 2026. The 2033 Notes will mature on February 15, 2033.

Debt Maturities
As of March 31, 2026 and December 31, 2025, the Company had accrued interest of $54.4 million and $63.6 million outstanding, respectively. As of March 31, 2026, scheduled maturities of the Company’s outstanding debt obligations were as follows:

Year ending December 31,
2026 (remaining nine months)607,542 
2027400,000 
2028357,708 
2029753,203 
20301,300,000 
2031500,000 
Thereafter1,600,000 
Total debt maturities5,518,453 
Net unamortized premium9,613 
Net unamortized debt issuance costs(31,995)
Total debt obligations, net$5,496,071 

As of the date the financial statements were issued, the Company's scheduled debt maturities for the next 12 months were comprised of the $607.5 million outstanding principal balance of Senior Notes due 2026 and $400.0 million outstanding principal balance of Senior Notes due 2027. The Company currently believes it has sufficient cash and cash equivalents and liquidity to satisfy these scheduled debt maturities.

Debt Covenants
Pursuant to the terms of the Company’s unsecured debt agreements, the Company, among other things, is subject to the maintenance of various financial covenants. The Company was in compliance with these covenants as of March 31, 2026.
v3.26.1
Fair Value Disclosures
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value Disclosures Fair Value Disclosures
All financial instruments of the Company are reflected in the accompanying unaudited Condensed Consolidated Balance Sheets at amounts which, in management’s judgment, reasonably approximate their fair values, except those instruments listed below:

March 31, 2026December 31, 2025
Carrying
Amounts		Fair
Value		Carrying
Amounts		Fair
Value
Notes payable$5,005,542 $4,928,126 $5,004,933 $4,986,781 
Unsecured Credit Facility490,529 500,000 489,820 500,000 
Total debt obligations, net$5,496,071 $5,428,126 $5,494,753 $5,486,781 
As a basis for considering market participant assumptions in fair value measurements, a fair value hierarchy is included in GAAP that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs that are classified within Level 3 of the hierarchy).

In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

Based on the above criteria, the Company has determined that the valuations of its debt obligations are classified within Level 3 of the fair value hierarchy. Such fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition.

Recurring Fair Value
The Company’s marketable securities and interest rate derivatives are measured and recognized at fair value on a recurring basis. The valuations of the Company’s marketable securities are based primarily on publicly traded market values in active markets and are classified within Levels 1 and 2 of the fair value hierarchy. See Note 6 for fair value information regarding the Company’s interest rate derivatives.
The following table presents the placement in the fair value hierarchy of assets that are measured and recognized at fair value on a recurring basis:

Fair Value Measurements as of March 31, 2026
BalanceQuoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Assets:
Marketable securities(1)
$20,480 $2,019 $18,461 $— 
Interest rate derivatives$5,208 $— $5,208 $— 
Liabilities:
Interest rate derivatives$(1,783)$— $(1,783)$— 
Fair Value Measurements as of December 31, 2025
BalanceQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Assets:
Marketable securities(1)
$21,283 $1,836 $19,447 $— 
Liabilities:
Interest rate derivatives$(4,553)$— $(4,553)$— 
(1)As of March 31, 2026 and December 31, 2025, marketable securities included $0.1 million and $0.2 million of net unrealized gains, respectively. As of March 31, 2026, the contractual maturities of the Company’s marketable securities were within the next five years.

Non-Recurring Fair Value
Management periodically assesses whether there are any indicators, including property operating performance, changes in anticipated hold period, and general market conditions, that the carrying value of the Company’s real estate assets (including any related intangible assets or liabilities) may be impaired. Fair value is determined by offers from third party buyers, market comparable data, third party appraisals, or discounted cash flow analyses. The cash flows utilized in such analyses are comprised of unobservable inputs that include forecasted rental revenue and expenses based upon market conditions and future expectations. The capitalization rates and discount rates utilized in such analyses are based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for the respective properties. Based on these inputs, the Company has determined that the valuations of these properties are classified within Level 3 of the fair value hierarchy.

The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a non-recurring basis. During the three months ended March 31, 2026, no properties were remeasured to fair value as a result of impairment testing. The table includes information related to properties that were remeasured to fair value as a result of impairment testing during the year ended December 31, 2025, excluding the properties sold prior to December 31, 2025:

Fair Value Measurements as of December 31, 2025
BalanceQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Impairment of Real Estate Assets
Assets:
Properties(1)(2)
$358 $— $— $358 $1,679 

(1)Excludes properties disposed of prior to December 31, 2025.
(2)The carrying value of The Shoppes at North Olmsted, which was remeasured to fair value based on a discounted cash flow analysis during the year ended December 31, 2025, was $0.4 million. The discount rate of 8.0% which was utilized in the discounted cash flow analysis was based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for the property.
v3.26.1
Revenue Recognition
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The Company engages in the ownership, management, leasing, acquisition, disposition, and redevelopment of retail shopping centers. Revenue is primarily generated through lease agreements and classified as Rental income on the Company’s unaudited Condensed Consolidated Statements of Operations. These agreements include retail shopping center unit leases; ground leases; ancillary leases or agreements, such as agreements with tenants for cellular towers and short-term or seasonal retail (e.g., Halloween or Christmas-related retail); and reciprocal easement agreements. The agreements range in term from less than one year to 25 or more years, with certain agreements containing renewal options. These renewal options range from as little as one month to five or more years. The Company’s retail shopping center leases generally require tenants to pay a portion of property operating expenses such as common area expenses, utilities, insurance, and real estate taxes, and certain capital expenditures related to the maintenance of the Company’s properties.

Additionally, certain leases may require variable lease payments associated with percentage rents, which are calculated based on underlying tenant sales. The Company recognized $5.1 million and $4.0 million of income based on percentage rents for the three months ended March 31, 2026 and 2025, respectively. These amounts are included in Rental income on the Company’s unaudited Condensed Consolidated Statements of Operations.
v3.26.1
Leases
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Leases Leases
The Company periodically enters into agreements in which it is the lessee, including ground leases for shopping centers that it operates and office leases for administrative space. The agreements range in term from less than one year to 50 or more years, with certain agreements containing renewal options for up to an additional 100 years. Upon lease execution, the Company recognizes an operating lease right-of-use ("ROU") asset and an operating lease liability based on the present value of the minimum lease payments over the non-cancelable lease term. As of March 31, 2026, the Company does not include any prospective renewal or termination options in its ROU assets or lease liabilities, as the exercise of such options is not reasonably certain. Certain agreements require the Company to pay a portion of property operating expenses, such as common area expenses, utilities, insurance, and real estate taxes, and certain capital expenditures related to the maintenance of the properties. These payments are not included in the calculation of the ROU asset or lease liability and are presented as variable lease costs. The following tables present additional information pertaining to the Company’s operating leases:

Three Months Ended March 31,
Supplemental Statements of Operations Information20262025
Operating lease costs$1,716 $1,687 
Variable lease costs74 76 
Total lease costs$1,790 $1,763 
Three Months Ended March 31,
Supplemental Statements of Cash Flows Information20262025
Operating cash outflows from operating leases$1,589 $1,578 
ROU assets obtained in exchange for operating lease liabilities2,241 3,475 
Operating Lease LiabilitiesAs of
March 31, 2026
Future minimum operating lease payments:
2026 (remaining nine months)$4,508 
20275,590 
20285,501 
20295,464 
20304,951 
20314,040 
Thereafter97,283 
Total future minimum operating lease payments127,337 
Less: imputed interest(78,649)
Operating lease liabilities$48,688 
Supplemental Balance Sheets InformationAs of
March 31, 2026		As of
December 31, 2025
Operating lease liabilities(1)(2)
$48,688 $47,351 
ROU assets(1)(3)
45,274 44,114 
(1)As of March 31, 2026 and December 31, 2025, the weighted average remaining lease term was 25.4 years and 26.1 years, respectively, and the weighted average discount rate was 6.37% and 6.35%, respectively.
(2)These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets.
(3)These amounts are included in Other assets on the Company’s unaudited Condensed Consolidated Balance Sheets.

As of March 31, 2026, there were no material leases that have been executed but not yet commenced.
v3.26.1
Equity and Capital
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Equity and Capital Equity and Capital
ATM Program
In October 2025, the Company renewed the ATM Program through which the Company may sell, from time to time, up to an aggregate of $400.0 million of its common stock through sales agents. The ATM Program also provides for the sale of common stock through forward sale contracts. The ATM Program is scheduled to expire on October 28, 2028, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers.

During the three months ended March 31, 2026, the Company entered into forward sale contracts under the ATM Program through which it is expected to issue 3.9 million shares of its common stock at a weighted-average offering price of $29.85, before commissions and fees. The forward contracts must be settled by March 15, 2027 and the Company has the ability to elect cash or net share settlement rather than physical settlement, which, if elected, could result in cash outflows rather than share issuances. The Company currently intends to physically settle these agreements. As of March 31, 2026, no shares under the forward sale contracts have settled. Anticipated proceeds from the issuance of shares under physical settlement of the forward sale contracts are approximately $116.0 million, before commissions and fees, and are expected to be used for general corporate purposes. During the three months ended March 31, 2025, the Company did not issue any shares of common stock under ATM Program. As of March 31, 2026, $284.0 million of common stock remained available for issuance under the ATM Program, including the impact of forward sales contracts.

Share Repurchase Program
In October 2025, the Company renewed its share repurchase program (the "Repurchase Program") for up to $400.0 million of its common stock. The Repurchase Program is scheduled to expire on October 28, 2028, unless suspended or extended by the Company's board of directors. During the three months ended March 31, 2026 and 2025, the Company did not repurchase any shares of common stock. As of March 31, 2026, the Repurchase Program had $400.0 million of available repurchase capacity.

Common Stock
In connection with the vesting of restricted stock units ("RSUs") under the Company’s equity-based compensation plan, the Company withholds shares to satisfy tax withholding obligations. During the three months ended March 31, 2026 and 2025, the Company withheld 0.6 million and 0.4 million shares of its common stock, respectively.

Dividends and Distributions
During the three months ended March 31, 2026 and 2025, the Company's board of directors declared common stock dividends and OP Unit distributions of $0.3075 per share/unit and $0.2875 per share/unit, respectively. As of March 31, 2026 and December 31, 2025, the Company had declared but unpaid common stock dividends and OP Unit distributions of $95.9 million and $98.0 million, respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets.

Non-controlling interests
During the year ended December 31, 2024, the Company completed the acquisition of 100% of the common equity in entities owning North Ridge Shopping Center and The Plaza at Buckland Hills. As of March 31, 2026 and December 31, 2025, the acquired entities have $0.2 million of issued and outstanding redeemable preferred equity, including any accrued and unpaid dividends, which the Company did not acquire which is reflected in Non-controlling interests on the Company’s unaudited Condensed Consolidated Balance Sheets.
v3.26.1
Stock Based Compensation
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Stock Based Compensation Stock Based Compensation
In February 2022, the Company's board of directors approved the 2022 Omnibus Incentive Plan (the "Plan") and in April 2022, the Company's stockholders approved the Plan. The Plan provides for a maximum of 10.0 million shares of the Company’s common stock to be issued for qualified and non-qualified options, stock appreciation rights, restricted stock, RSUs, OP Units, performance awards, and other stock-based awards.
During the three months ended March 31, 2026 and the year ended December 31, 2025, the Company granted RSUs to certain employees. The RSUs are divided into multiple tranches, which are all subject to service-based vesting conditions. Certain tranches are also subject to performance-based or market-based criteria, which contain a threshold, target, above target, and maximum number of units that can be earned. The number of units actually earned for each tranche is determined based on performance during a specified performance period. Tranches that only have a service-based component can only earn a target number of units. The aggregate number of RSUs granted, assuming the achievement of target level performance, was 0.5 million and 0.6 million for the three months ended March 31, 2026 and the year ended December 31, 2025, respectively, with vesting periods ranging from one to five years. For the service-based and performance-based RSU's granted, fair value is based on the Company's grant date stock price or the grant date stock price adjusted for dividend or dividend equivalent rights, when applicable. For the market-based RSUs granted, fair value is based on a Monte Carlo simulation model that assesses the probability of satisfying the market performance hurdles over the remainder of the performance period based on the Company’s historical common stock performance relative to the other companies within the FTSE Nareit Equity Shopping Centers Index as well as the following significant assumptions:

AssumptionThree Months Ended March 31, 2026Year Ended
December 31, 2025
Volatility
22.0% - 24.0%
20.0% - 26.0%
Weighted average risk-free interest rate
3.47% - 3.73%
4.24% - 4.24%
Weighted average common stock dividend yield
4.3% - 4.5%
4.3% - 4.5%

During the three months ended March 31, 2026 and 2025, the Company recognized $2.6 million and $4.6 million of equity compensation expense, respectively, of which $0.3 million and $0.5 million was capitalized, respectively. These amounts are included in General and administrative expense on the Company’s unaudited Condensed Consolidated Statements of Operations. As of March 31, 2026, the Company had $22.8 million of total unrecognized compensation expense related to unvested stock compensation, which is expected to be recognized over a weighted average period of approximately 2.5 years.
v3.26.1
Earnings per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share/Unit
Basic earnings per share/unit ("EPS") is calculated by dividing net income attributable to the Company’s common stockholders/Operating Partnership's common unitholders, including the impact of any participating securities, by the weighted average number of shares/units outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock/units were exercised or converted into shares of common stock/common units.

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three months ended March 31, 2026 and 2025 (dollars in thousands, except per share data):

Three Months Ended
March 31,
20262025
Computation of Basic Earnings Per Share:
Net income$127,757 $69,737 
Net income attributable to non-controlling interests(7)(8)
Non-forfeitable dividends on unvested restricted shares(1)
(230)(173)
Net income attributable to the Company’s common stockholders for basic earnings per share$127,520 $69,556 
Weighted average number shares outstanding – basic(2)
307,024 306,766 
Basic earnings per share attributable to the Company’s common stockholders:
Net income per share$0.42 $0.23 
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share$127,520 $69,556 
Weighted average shares outstanding – basic307,024 306,766 
Effect of dilutive securities:(3)
Equity awards(4)
655 486 
Weighted average shares outstanding – diluted307,679 307,252 
Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share$0.41 $0.23 
(1)Certain unvested restricted shares issued pursuant to the Company’s share-based compensation program have rights to receive non-forfeitable dividends or dividend equivalents. These shares are considered participating securities and their impact on EPS is calculated using the two-class method. Under the two-class method earnings are allocated to the unvested restricted share awards based on dividends declared and their participation rights in undistributed earnings.
(2)Includes unvested restricted shares issued pursuant to the Company's share-based compensation program that qualify for retirement eligibility and no longer have a substantive service condition.
(3)As of March 31, 2026, the Company had unsettled forward sales contracts under which it is expected to issue 3.9 million shares of common stock. These shares were evaluated using the treasury stock method and were determined to be anti-dilutive as the forward sales price was higher than the average market price during the period. Accordingly, there were no shares included in the calculation of diluted EPS related to forward sale contracts. As of March 31, 2025, the Company did not have any unsettled forward sales contracts.
(4)Unvested restricted shares that did not qualify as participating securities were included in the diluted EPS calculation using the treasury stock method.
The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the three months ended March 31, 2026 and 2025 (dollars in thousands, except per unit data):

Three Months Ended
March 31,
20262025
Computation of Basic Earnings Per Unit:
Net income$127,757 $69,737 
Net income attributable to non-controlling interests(7)(8)
Non-forfeitable distributions on unvested restricted units(1)
(230)(173)
Net income attributable to the Operating Partnership’s common units for basic earnings per unit$127,520 $69,556 
Weighted average number common units outstanding – basic(2)
307,024 306,766 
Basic earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$0.42 $0.23 
Computation of Diluted Earnings Per Unit:
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit$127,520 $69,556 
Weighted average common units outstanding – basic307,024 306,766 
Effect of dilutive securities:(3)
Equity awards(4)
655 486 
Weighted average common units outstanding – diluted307,679 307,252 
Diluted earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$0.41 $0.23 
(1)Certain unvested restricted units issued pursuant to the Company’s share-based compensation program have rights to receive non-forfeitable distributions or distribution equivalents. These units are considered participating securities and their impact on EPS is calculated using the two-class method. Under the two-class method earnings are allocated to the unvested restricted unit awards based on distributions declared and their participation rights in undistributed earnings.
(2)Includes unvested restricted units issued pursuant to the Company's share-based compensation program that qualify for retirement eligibility and no longer have a substantive service condition.
(3)As of March 31, 2026, the Company had unsettled forward sales contracts under which it is expected to issue 3.9 million Operating Partnership units. These units were evaluated using the treasury stock method and were determined to be anti-dilutive as the forward sales price was higher than the average market price during the period. Accordingly, there were no units included in the determination of diluted EPS related to forward sale contracts. As of March 31, 2025, the Company did not have any unsettled forward sales contracts.
(4)Unvested restricted units that did not qualify as participating securities were included in the diluted EPS calculation using the treasury stock method.
v3.26.1
Earnings per Unit
 3 Months Ended
Mar. 31, 2026
Schedule of Earnings per Share [Line Items]  
Earnings per Unit Earnings per Share/Unit
Basic earnings per share/unit ("EPS") is calculated by dividing net income attributable to the Company’s common stockholders/Operating Partnership's common unitholders, including the impact of any participating securities, by the weighted average number of shares/units outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock/units were exercised or converted into shares of common stock/common units.

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three months ended March 31, 2026 and 2025 (dollars in thousands, except per share data):

Three Months Ended
March 31,
20262025
Computation of Basic Earnings Per Share:
Net income$127,757 $69,737 
Net income attributable to non-controlling interests(7)(8)
Non-forfeitable dividends on unvested restricted shares(1)
(230)(173)
Net income attributable to the Company’s common stockholders for basic earnings per share$127,520 $69,556 
Weighted average number shares outstanding – basic(2)
307,024 306,766 
Basic earnings per share attributable to the Company’s common stockholders:
Net income per share$0.42 $0.23 
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share$127,520 $69,556 
Weighted average shares outstanding – basic307,024 306,766 
Effect of dilutive securities:(3)
Equity awards(4)
655 486 
Weighted average shares outstanding – diluted307,679 307,252 
Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share$0.41 $0.23 
(1)Certain unvested restricted shares issued pursuant to the Company’s share-based compensation program have rights to receive non-forfeitable dividends or dividend equivalents. These shares are considered participating securities and their impact on EPS is calculated using the two-class method. Under the two-class method earnings are allocated to the unvested restricted share awards based on dividends declared and their participation rights in undistributed earnings.
(2)Includes unvested restricted shares issued pursuant to the Company's share-based compensation program that qualify for retirement eligibility and no longer have a substantive service condition.
(3)As of March 31, 2026, the Company had unsettled forward sales contracts under which it is expected to issue 3.9 million shares of common stock. These shares were evaluated using the treasury stock method and were determined to be anti-dilutive as the forward sales price was higher than the average market price during the period. Accordingly, there were no shares included in the calculation of diluted EPS related to forward sale contracts. As of March 31, 2025, the Company did not have any unsettled forward sales contracts.
(4)Unvested restricted shares that did not qualify as participating securities were included in the diluted EPS calculation using the treasury stock method.
The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the three months ended March 31, 2026 and 2025 (dollars in thousands, except per unit data):

Three Months Ended
March 31,
20262025
Computation of Basic Earnings Per Unit:
Net income$127,757 $69,737 
Net income attributable to non-controlling interests(7)(8)
Non-forfeitable distributions on unvested restricted units(1)
(230)(173)
Net income attributable to the Operating Partnership’s common units for basic earnings per unit$127,520 $69,556 
Weighted average number common units outstanding – basic(2)
307,024 306,766 
Basic earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$0.42 $0.23 
Computation of Diluted Earnings Per Unit:
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit$127,520 $69,556 
Weighted average common units outstanding – basic307,024 306,766 
Effect of dilutive securities:(3)
Equity awards(4)
655 486 
Weighted average common units outstanding – diluted307,679 307,252 
Diluted earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$0.41 $0.23 
(1)Certain unvested restricted units issued pursuant to the Company’s share-based compensation program have rights to receive non-forfeitable distributions or distribution equivalents. These units are considered participating securities and their impact on EPS is calculated using the two-class method. Under the two-class method earnings are allocated to the unvested restricted unit awards based on distributions declared and their participation rights in undistributed earnings.
(2)Includes unvested restricted units issued pursuant to the Company's share-based compensation program that qualify for retirement eligibility and no longer have a substantive service condition.
(3)As of March 31, 2026, the Company had unsettled forward sales contracts under which it is expected to issue 3.9 million Operating Partnership units. These units were evaluated using the treasury stock method and were determined to be anti-dilutive as the forward sales price was higher than the average market price during the period. Accordingly, there were no units included in the determination of diluted EPS related to forward sale contracts. As of March 31, 2025, the Company did not have any unsettled forward sales contracts.
(4)Unvested restricted units that did not qualify as participating securities were included in the diluted EPS calculation using the treasury stock method.
v3.26.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Legal Matters
The Company is not presently involved in any material litigation arising outside the ordinary course of business. However, the Company is involved in routine litigation arising in the ordinary course of business, none of which the Company believes, individually or in the aggregate, taking into account existing reserves, will have a material impact on the Company’s financial condition, operating results, or cash flows.

Environmental Matters
Under various federal, state, and local laws, ordinances, and regulations, the Company may be or become liable for the costs of removal or remediation of certain hazardous or toxic substances released on or in the Company’s properties or disposed of by the Company or its tenants, as well as certain other potential costs that could relate to hazardous or toxic substances (including governmental fines and injuries to persons and property). The Company maintains a reserve for currently known environmental matters and does not believe they will have a material impact on the Company’s financial condition, operating results, or cash flows. During the three months ended March 31, 2026 and 2025, the Company did not incur any material governmental fines resulting from environmental matters.
v3.26.1
Segment Reporting
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company operates and derives revenue from its Portfolio of community and neighborhood shopping centers. As of March 31, 2026, the properties in the Portfolio are located across 29 states throughout 96 metropolitan markets. The Chief Executive Officer serves as the Company's Chief Operating Decision Maker (the "CODM") and evaluates performance and resource allocation on a Portfolio basis. Additionally, the Company does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company has a single operating and reportable segment (the "Reporting Segment") for disclosure purposes in accordance with GAAP.

Net income attributable to Brixmor Property Group Inc., as presented on the Company's unaudited Condensed Consolidated Statements of Operations is a metric utilized by the CODM to assess the Reporting Segment's performance and allocate resources. Total assets, as presented on the Company's unaudited Condensed Consolidated Balance Sheets is used to measure the Reporting Segment's assets.
The following table presents revenues and significant segment expenses for the three months ended March 31, 2026 and 2025:

Three Months Ended March 31,
20262025
Total revenues$354,819 $337,512 
Operating costs(41,914)(39,211)
Real estate taxes(45,403)(44,893)
Depreciation and amortization(105,202)(105,597)
General and administrative(1)
(28,192)(28,173)
Interest expense(59,392)(54,084)
Other segment items(2)
53,034 4,175 
Segment net income$127,750 $69,729 
Reconciliation of Segment net income to Net income attributable to Brixmor Property Group Inc.
Adjustments— — 
Net income attributable to Brixmor Property Group Inc.$127,750 $69,729 

(1)The following table presents General and administrative expense for the three months ended March 31, 2026 and 2025:

Three Months Ended March 31,
20262025
Employee compensation, net$(21,719)$(22,421)
Other general and administrative, net(6,473)(5,752)
Total general and administrative$(28,192)$(28,173)

(2)Other segment items for the Company include Dividends and interest, Gain on sale of real estate assets, Other, and Net income attributable to non-controlling interests. See the Company's unaudited Condensed Consolidated Statements of Operations for additional information on these amounts.
v3.26.1
Related Party Transactions
 3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
As of March 31, 2026 and December 31, 2025, there were no material receivables from or payables to related parties. During the three months ended March 31, 2026 and 2025, the Company did not engage in any material related-party transactions.
v3.26.1
Subsequent Events
 3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In preparing the Company's unaudited Condensed Consolidated Financial Statements, the Company has evaluated events and transactions occurring after March 31, 2026 for recognition and/or disclosure purposes. Based on this evaluation, there were no subsequent events from March 31, 2026 through the date the financial statements were issued.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
Nature of Business and Financial Statement Presentation (Policies)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for the fair presentation of the unaudited Condensed Consolidated Financial Statements for the periods presented have been included. The operating results for the periods presented are not necessarily indicative of the results that may be expected for a full fiscal year. These financial statements should be read in conjunction with the financial statements for the year ended December 31, 2025 and accompanying notes included in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 9, 2026.
Principles of Consolidation
Principles of Consolidation
The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of the Parent Company, the Operating Partnership, each of their wholly owned subsidiaries, and all other entities in which they have a controlling financial interest. All intercompany transactions have been eliminated.
Income Taxes
Income Taxes
The Parent Company has elected to qualify as a REIT in accordance with the Internal Revenue Code of 1986, as amended (the "Code"). To qualify as a REIT, the Parent Company must meet several organizational and operational requirements, including a requirement that it annually distribute to its stockholders at least 90% of its REIT taxable
income, as defined under the Code, determined without regard to the deduction for dividends paid and excluding net capital gains. Management intends to continue to satisfy these requirements and maintain the Parent Company's REIT status. As a REIT, the Parent Company generally will not be subject to U.S. federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income.

The Parent Company conducts substantially all of its operations through the Operating Partnership, which is organized as a limited partnership and treated as a pass-through entity for U.S. federal tax purposes. Therefore, U.S. federal income taxes do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company.

If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal taxes at regular corporate rates and may not be able to qualify as a REIT for the four subsequent taxable years. Even if the Parent Company qualifies for taxation as a REIT, the Parent Company is subject to certain state and local taxes on its income and property, and to U.S. federal income and excise taxes on its undistributed taxable income as well as other income items, as applicable.

The Parent Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (each a "TRS"), and the Parent Company may in the future elect to treat newly formed and/or other existing subsidiaries as TRSs. A TRS may participate in non-real estate related activities and/or perform non-customary services for tenants and is subject to certain limitations under the Code. A TRS is subject to U.S. federal, state, and local income taxes at regular corporate rates. Income taxes related to the Parent Company’s TRSs do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company.

The Company has considered the tax positions taken for the open tax years and has concluded that no provision for income taxes related to uncertain tax positions is required in the Company’s unaudited Condensed Consolidated Financial Statements as of March 31, 2026 and December 31, 2025. Open tax years generally range from 2022 through 2025 but may vary by jurisdiction and issue. The Company recognizes penalties and interest accrued related to unrecognized tax benefits as income tax expense, which is included in Other on the Company’s unaudited Condensed Consolidated Statements of Operations.
New Accounting Pronouncements
New Accounting Pronouncements
There has been no change to the impact of the accounting pronouncements disclosed in the Company's annual report on Form 10-K filed with the SEC on February 9, 2026 and any recently issued accounting standards or pronouncements have been excluded as they either are not relevant to the Company, or they are not expected to have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company.
v3.26.1
Acquisition of Real Estate (Tables)
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Asset Acquisition
During the three months ended March 31, 2026, the Company did not acquire any assets.

During the three months ended March 31, 2025, the Company acquired the following asset:

DescriptionLocationMonth AcquiredGLA
Aggregate Purchase Price(1)
Land at Suffolk PlazaEast Setauket, NYJan-25— $3,144 
— $3,144 
(1)Aggregate purchase price includes less than $0.1 million of transaction costs.

The aggregate purchase price of the assets acquired during the three months ended March 31, 2026 and 2025, respectively, has been allocated as follows:

Three Months Ended March 31,
Assets20262025
Land$— $3,144 
Total assets acquired$— $3,144 
v3.26.1
Dispositions and Assets Held for Sale (Tables)
 3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Reclassification of Disposal Groups, Including Discontinued Operations The following table presents the assets associated with the property classified as held for sale:
AssetsMarch 31, 2026December 31, 2025
Land$1,620 $233 
Buildings and improvements7,017 5,579 
Accumulated depreciation and amortization(3,578)(1,407)
Real estate, net5,059 4,405 
Other assets231 146 
Assets associated with real estate assets held for sale$5,290 $4,551 
v3.26.1
Real Estate (Tables)
 3 Months Ended
Mar. 31, 2026
Real Estate [Abstract]  
Schedule of Real Estate Properties
The Company’s components of Real estate, net consisted of the following:

March 31, 2026December 31, 2025
Land$1,837,739 $1,849,779 
Buildings and improvements:
Buildings and tenant improvements9,368,638 9,388,978 
Lease intangibles(1)
538,888 548,740 
11,745,265 11,787,497 
Accumulated depreciation and amortization(2)
(3,636,118)(3,588,646)
Total$8,109,147 $8,198,851 
(1)As of March 31, 2026 and December 31, 2025, Lease intangibles consisted of $498.9 million and $508.2 million, respectively, of in-place leases and $39.9 million and $40.6 million, respectively, of above-market leases. These intangible assets are amortized over the term of each related lease.
(2)As of March 31, 2026 and December 31, 2025, Accumulated depreciation and amortization included $426.7 million and $426.6 million, respectively, of accumulated amortization related to Lease intangibles.
Schedule of Expected Net Amortization Expense Associated with Intangible Assets and Liabilities The Company’s estimated below-market lease accretion income, net of above-market lease amortization expense, and in-place lease amortization expense for the next five years are as follows:
Year ending December 31,
Below-market lease accretion (income), net of above-market lease amortization expense
In-place lease amortization expense
2026 (remaining nine months)$(10,603)$23,940 
2027(11,464)23,445 
2028(10,407)16,384 
2029(9,376)11,297 
2030(8,807)6,884 
2031(8,390)5,872 
v3.26.1
Financial Instruments - Derivatives and Hedging (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives
Detail on the terms and fair value of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of March 31, 2026 is as follows:

Fair Value
Effective DateMaturity DateSwapped Variable RateFixed RateNotional AmountAssetsLiabilities
5/1/20237/26/20271 Month SOFR3.58900 %$100,000 $38 $— 
5/1/20237/26/20271 Month SOFR3.59500 %75,000 23 — 
5/1/20237/26/20271 Month SOFR3.59300 %25,000 8 — 
7/26/20247/26/20271 Month SOFR4.07670 %100,000 — (594)
7/26/20247/26/20271 Month SOFR4.07700 %100,000 — (595)
7/26/20247/26/20271 Month SOFR4.07670 %50,000 — (297)
7/26/20247/26/20271 Month SOFR4.07700 %50,000 — (297)
2/27/20265/11/2026
U.S. 10 year treasury(1)
3.99579 %100,000 2,557 — 
2/27/20265/11/2026
U.S. 10 year treasury(1)
3.99270 %100,000 2,582 — 
$700,000 $5,208 $(1,783)
(1)In February 2026, the Company entered into two interest rate lock agreements with an aggregate notional amount of $200.0 million to hedge against the changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of $200.0 million of fixed-rate debt.

Detail on the terms and fair value of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of December 31, 2025 is as follows:

Fair Value
Effective DateMaturity DateSwapped Variable RateFixed RateNotional AmountAssetsLiabilities
5/1/20237/26/20271 Month SOFR3.5890 %$100,000 $— $(460)
5/1/20237/26/20271 Month SOFR3.5950 %75,000 — (352)
5/1/20237/26/20271 Month SOFR3.5930 %25,000 — (117)
7/26/20247/26/20271 Month SOFR4.0767 %100,000 — (1,208)
7/26/20247/26/20271 Month SOFR4.0770 %100,000 — (1,208)
7/26/20247/26/20271 Month SOFR4.0767 %50,000 — (604)
7/26/20247/26/20271 Month SOFR4.0770 %50,000 — (604)
$500,000 $— $(4,553)
Schedule of Derivatives in Cash Flow Hedging Relationships
The effective portion of the Company’s interest rate derivatives that was recognized on the Company’s unaudited Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2026 and 2025 is as follows:

Derivatives in Cash Flow Hedging Relationships
(Interest Rate Derivatives)		Three Months Ended March 31,
20262025
Change in unrealized gain (loss) on interest rate swaps$7,727 $(3,566)
Amortization (Accretion) of interest rate swaps to interest expense69 (736)
Change in unrealized gain (loss) on interest rate swaps, net$7,796 $(4,302)
v3.26.1
Debt Obligations (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
As of March 31, 2026 and December 31, 2025, the Company had the following indebtedness outstanding:

Carrying Value as of
March 31,
2026		December 31,
2025
Stated
Interest
Rate(1)
Scheduled
Maturity
Date
Notes payable
Unsecured notes(2)
$5,018,453 $5,018,453 
2.25% – 7.97%
2026 – 2035
Net unamortized premium9,613 10,277 
Net unamortized debt issuance costs(22,524)(23,797)
Total notes payable, net
$5,005,542 $5,004,933 
Unsecured Credit Facility
Revolving Facility
$— $— 4.46%2029
Term Loan Facility(3)(4)
500,000 500,000 4.52%2030
Net unamortized debt issuance costs
(9,471)(10,180)
Total Unsecured Credit Facility and term loans
$490,529 $489,820 
Total debt obligations, net
$5,496,071 $5,494,753 
(1)Stated interest rates as of March 31, 2026 do not include the impact of the Company’s interest rate swap agreements (described below).
(2)The weighted average stated interest rate on the Company’s unsecured notes was 4.20% as of March 31, 2026.
(3)Effective July 26, 2024, the Company has in place four interest rate swap agreements that convert the variable interest rate on $300.0 million outstanding under the Term Loan Facility (defined hereafter) to a fixed, combined interest rate of 4.08% (plus a spread, currently 85 basis points) through July 26, 2027.
(4)Effective May 1, 2023, the Company has in place three interest rate swap agreements that convert the variable interest rate on $200.0 million outstanding under the Term Loan Facility to a fixed, combined interest rate of 3.59% (plus a spread, currently 85 basis points) through July 26, 2027.
Schedule of Maturities of Long-Term Debt
As of March 31, 2026 and December 31, 2025, the Company had accrued interest of $54.4 million and $63.6 million outstanding, respectively. As of March 31, 2026, scheduled maturities of the Company’s outstanding debt obligations were as follows:

Year ending December 31,
2026 (remaining nine months)607,542 
2027400,000 
2028357,708 
2029753,203 
20301,300,000 
2031500,000 
Thereafter1,600,000 
Total debt maturities5,518,453 
Net unamortized premium9,613 
Net unamortized debt issuance costs(31,995)
Total debt obligations, net$5,496,071 
v3.26.1
Fair Value Disclosures (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule Of Fair Value Debt Obligation
All financial instruments of the Company are reflected in the accompanying unaudited Condensed Consolidated Balance Sheets at amounts which, in management’s judgment, reasonably approximate their fair values, except those instruments listed below:

March 31, 2026December 31, 2025
Carrying
Amounts		Fair
Value		Carrying
Amounts		Fair
Value
Notes payable$5,005,542 $4,928,126 $5,004,933 $4,986,781 
Unsecured Credit Facility490,529 500,000 489,820 500,000 
Total debt obligations, net$5,496,071 $5,428,126 $5,494,753 $5,486,781 
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents the placement in the fair value hierarchy of assets that are measured and recognized at fair value on a recurring basis:

Fair Value Measurements as of March 31, 2026
BalanceQuoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Assets:
Marketable securities(1)
$20,480 $2,019 $18,461 $— 
Interest rate derivatives$5,208 $— $5,208 $— 
Liabilities:
Interest rate derivatives$(1,783)$— $(1,783)$— 
Fair Value Measurements as of December 31, 2025
BalanceQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Assets:
Marketable securities(1)
$21,283 $1,836 $19,447 $— 
Liabilities:
Interest rate derivatives$(4,553)$— $(4,553)$— 
(1)As of March 31, 2026 and December 31, 2025, marketable securities included $0.1 million and $0.2 million of net unrealized gains, respectively. As of March 31, 2026, the contractual maturities of the Company’s marketable securities were within the next five years.
The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a non-recurring basis. During the three months ended March 31, 2026, no properties were remeasured to fair value as a result of impairment testing. The table includes information related to properties that were remeasured to fair value as a result of impairment testing during the year ended December 31, 2025, excluding the properties sold prior to December 31, 2025:

Fair Value Measurements as of December 31, 2025
BalanceQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Impairment of Real Estate Assets
Assets:
Properties(1)(2)
$358 $— $— $358 $1,679 

(1)Excludes properties disposed of prior to December 31, 2025.
(2)The carrying value of The Shoppes at North Olmsted, which was remeasured to fair value based on a discounted cash flow analysis during the year ended December 31, 2025, was $0.4 million. The discount rate of 8.0% which was utilized in the discounted cash flow analysis was based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for the property.
v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Operating Leases The following tables present additional information pertaining to the Company’s operating leases:
Three Months Ended March 31,
Supplemental Statements of Operations Information20262025
Operating lease costs$1,716 $1,687 
Variable lease costs74 76 
Total lease costs$1,790 $1,763 
Three Months Ended March 31,
Supplemental Statements of Cash Flows Information20262025
Operating cash outflows from operating leases$1,589 $1,578 
ROU assets obtained in exchange for operating lease liabilities2,241 3,475 
Operating Lease LiabilitiesAs of
March 31, 2026
Future minimum operating lease payments:
2026 (remaining nine months)$4,508 
20275,590 
20285,501 
20295,464 
20304,951 
20314,040 
Thereafter97,283 
Total future minimum operating lease payments127,337 
Less: imputed interest(78,649)
Operating lease liabilities$48,688 
Supplemental Balance Sheets InformationAs of
March 31, 2026		As of
December 31, 2025
Operating lease liabilities(1)(2)
$48,688 $47,351 
ROU assets(1)(3)
45,274 44,114 
(1)As of March 31, 2026 and December 31, 2025, the weighted average remaining lease term was 25.4 years and 26.1 years, respectively, and the weighted average discount rate was 6.37% and 6.35%, respectively.
(2)These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets.
(3)These amounts are included in Other assets on the Company’s unaudited Condensed Consolidated Balance Sheets.
v3.26.1
Stock Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule Of Fair Value Assumptions For the market-based RSUs granted, fair value is based on a Monte Carlo simulation model that assesses the probability of satisfying the market performance hurdles over the remainder of the performance period based on the Company’s historical common stock performance relative to the other companies within the FTSE Nareit Equity Shopping Centers Index as well as the following significant assumptions:
AssumptionThree Months Ended March 31, 2026Year Ended
December 31, 2025
Volatility
22.0% - 24.0%
20.0% - 26.0%
Weighted average risk-free interest rate
3.47% - 3.73%
4.24% - 4.24%
Weighted average common stock dividend yield
4.3% - 4.5%
4.3% - 4.5%
v3.26.1
Earnings per Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Unit, Basic and Diluted
The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three months ended March 31, 2026 and 2025 (dollars in thousands, except per share data):

Three Months Ended
March 31,
20262025
Computation of Basic Earnings Per Share:
Net income$127,757 $69,737 
Net income attributable to non-controlling interests(7)(8)
Non-forfeitable dividends on unvested restricted shares(1)
(230)(173)
Net income attributable to the Company’s common stockholders for basic earnings per share$127,520 $69,556 
Weighted average number shares outstanding – basic(2)
307,024 306,766 
Basic earnings per share attributable to the Company’s common stockholders:
Net income per share$0.42 $0.23 
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share$127,520 $69,556 
Weighted average shares outstanding – basic307,024 306,766 
Effect of dilutive securities:(3)
Equity awards(4)
655 486 
Weighted average shares outstanding – diluted307,679 307,252 
Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share$0.41 $0.23 
(1)Certain unvested restricted shares issued pursuant to the Company’s share-based compensation program have rights to receive non-forfeitable dividends or dividend equivalents. These shares are considered participating securities and their impact on EPS is calculated using the two-class method. Under the two-class method earnings are allocated to the unvested restricted share awards based on dividends declared and their participation rights in undistributed earnings.
(2)Includes unvested restricted shares issued pursuant to the Company's share-based compensation program that qualify for retirement eligibility and no longer have a substantive service condition.
(3)As of March 31, 2026, the Company had unsettled forward sales contracts under which it is expected to issue 3.9 million shares of common stock. These shares were evaluated using the treasury stock method and were determined to be anti-dilutive as the forward sales price was higher than the average market price during the period. Accordingly, there were no shares included in the calculation of diluted EPS related to forward sale contracts. As of March 31, 2025, the Company did not have any unsettled forward sales contracts.
(4)Unvested restricted shares that did not qualify as participating securities were included in the diluted EPS calculation using the treasury stock method.
The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the three months ended March 31, 2026 and 2025 (dollars in thousands, except per unit data):

Three Months Ended
March 31,
20262025
Computation of Basic Earnings Per Unit:
Net income$127,757 $69,737 
Net income attributable to non-controlling interests(7)(8)
Non-forfeitable distributions on unvested restricted units(1)
(230)(173)
Net income attributable to the Operating Partnership’s common units for basic earnings per unit$127,520 $69,556 
Weighted average number common units outstanding – basic(2)
307,024 306,766 
Basic earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$0.42 $0.23 
Computation of Diluted Earnings Per Unit:
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit$127,520 $69,556 
Weighted average common units outstanding – basic307,024 306,766 
Effect of dilutive securities:(3)
Equity awards(4)
655 486 
Weighted average common units outstanding – diluted307,679 307,252 
Diluted earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$0.41 $0.23 
(1)Certain unvested restricted units issued pursuant to the Company’s share-based compensation program have rights to receive non-forfeitable distributions or distribution equivalents. These units are considered participating securities and their impact on EPS is calculated using the two-class method. Under the two-class method earnings are allocated to the unvested restricted unit awards based on distributions declared and their participation rights in undistributed earnings.
(2)Includes unvested restricted units issued pursuant to the Company's share-based compensation program that qualify for retirement eligibility and no longer have a substantive service condition.
(3)As of March 31, 2026, the Company had unsettled forward sales contracts under which it is expected to issue 3.9 million Operating Partnership units. These units were evaluated using the treasury stock method and were determined to be anti-dilutive as the forward sales price was higher than the average market price during the period. Accordingly, there were no units included in the determination of diluted EPS related to forward sale contracts. As of March 31, 2025, the Company did not have any unsettled forward sales contracts.
(4)Unvested restricted units that did not qualify as participating securities were included in the diluted EPS calculation using the treasury stock method.
v3.26.1
Earnings per Unit (Tables)
 3 Months Ended
Mar. 31, 2026
Schedule of Earnings per Share [Line Items]  
Schedule of Earnings Per Unit, Basic and Diluted
The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three months ended March 31, 2026 and 2025 (dollars in thousands, except per share data):

Three Months Ended
March 31,
20262025
Computation of Basic Earnings Per Share:
Net income$127,757 $69,737 
Net income attributable to non-controlling interests(7)(8)
Non-forfeitable dividends on unvested restricted shares(1)
(230)(173)
Net income attributable to the Company’s common stockholders for basic earnings per share$127,520 $69,556 
Weighted average number shares outstanding – basic(2)
307,024 306,766 
Basic earnings per share attributable to the Company’s common stockholders:
Net income per share$0.42 $0.23 
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share$127,520 $69,556 
Weighted average shares outstanding – basic307,024 306,766 
Effect of dilutive securities:(3)
Equity awards(4)
655 486 
Weighted average shares outstanding – diluted307,679 307,252 
Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share$0.41 $0.23 
(1)Certain unvested restricted shares issued pursuant to the Company’s share-based compensation program have rights to receive non-forfeitable dividends or dividend equivalents. These shares are considered participating securities and their impact on EPS is calculated using the two-class method. Under the two-class method earnings are allocated to the unvested restricted share awards based on dividends declared and their participation rights in undistributed earnings.
(2)Includes unvested restricted shares issued pursuant to the Company's share-based compensation program that qualify for retirement eligibility and no longer have a substantive service condition.
(3)As of March 31, 2026, the Company had unsettled forward sales contracts under which it is expected to issue 3.9 million shares of common stock. These shares were evaluated using the treasury stock method and were determined to be anti-dilutive as the forward sales price was higher than the average market price during the period. Accordingly, there were no shares included in the calculation of diluted EPS related to forward sale contracts. As of March 31, 2025, the Company did not have any unsettled forward sales contracts.
(4)Unvested restricted shares that did not qualify as participating securities were included in the diluted EPS calculation using the treasury stock method.
The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the three months ended March 31, 2026 and 2025 (dollars in thousands, except per unit data):

Three Months Ended
March 31,
20262025
Computation of Basic Earnings Per Unit:
Net income$127,757 $69,737 
Net income attributable to non-controlling interests(7)(8)
Non-forfeitable distributions on unvested restricted units(1)
(230)(173)
Net income attributable to the Operating Partnership’s common units for basic earnings per unit$127,520 $69,556 
Weighted average number common units outstanding – basic(2)
307,024 306,766 
Basic earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$0.42 $0.23 
Computation of Diluted Earnings Per Unit:
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit$127,520 $69,556 
Weighted average common units outstanding – basic307,024 306,766 
Effect of dilutive securities:(3)
Equity awards(4)
655 486 
Weighted average common units outstanding – diluted307,679 307,252 
Diluted earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$0.41 $0.23 
(1)Certain unvested restricted units issued pursuant to the Company’s share-based compensation program have rights to receive non-forfeitable distributions or distribution equivalents. These units are considered participating securities and their impact on EPS is calculated using the two-class method. Under the two-class method earnings are allocated to the unvested restricted unit awards based on distributions declared and their participation rights in undistributed earnings.
(2)Includes unvested restricted units issued pursuant to the Company's share-based compensation program that qualify for retirement eligibility and no longer have a substantive service condition.
(3)As of March 31, 2026, the Company had unsettled forward sales contracts under which it is expected to issue 3.9 million Operating Partnership units. These units were evaluated using the treasury stock method and were determined to be anti-dilutive as the forward sales price was higher than the average market price during the period. Accordingly, there were no units included in the determination of diluted EPS related to forward sale contracts. As of March 31, 2025, the Company did not have any unsettled forward sales contracts.
(4)Unvested restricted units that did not qualify as participating securities were included in the diluted EPS calculation using the treasury stock method.
v3.26.1
Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Revenues and Significant Segment Expenses
The following table presents revenues and significant segment expenses for the three months ended March 31, 2026 and 2025:

Three Months Ended March 31,
20262025
Total revenues$354,819 $337,512 
Operating costs(41,914)(39,211)
Real estate taxes(45,403)(44,893)
Depreciation and amortization(105,202)(105,597)
General and administrative(1)
(28,192)(28,173)
Interest expense(59,392)(54,084)
Other segment items(2)
53,034 4,175 
Segment net income$127,750 $69,729 
Reconciliation of Segment net income to Net income attributable to Brixmor Property Group Inc.
Adjustments— — 
Net income attributable to Brixmor Property Group Inc.$127,750 $69,729 

(1)The following table presents General and administrative expense for the three months ended March 31, 2026 and 2025:

Three Months Ended March 31,
20262025
Employee compensation, net$(21,719)$(22,421)
Other general and administrative, net(6,473)(5,752)
Total general and administrative$(28,192)$(28,173)

(2)Other segment items for the Company include Dividends and interest, Gain on sale of real estate assets, Other, and Net income attributable to non-controlling interests. See the Company's unaudited Condensed Consolidated Statements of Operations for additional information on these amounts.
v3.26.1
Nature of Business and Financial Statement Presentation (Details)
Mar. 31, 2026
ft²
Property
Nture of Oerations and Financial Statements Presentation [Line Items]  
Gross leasable area 0
Shopping Center  
Nture of Oerations and Financial Statements Presentation [Line Items]  
Number of real estate properties | Property 344
Gross leasable area 62,000,000
Parent Company | Brixmor OP GP LLC | BPG Sub  
Nture of Oerations and Financial Statements Presentation [Line Items]  
Ownership percentage 100.00%
v3.26.1
Acquisition of Real Estate (Properties Acquired) (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
USD ($)
ft²
Mar. 31, 2025
USD ($)
Asset Acquisition [Line Items]    
Gross leasable area | ft² 0  
Aggregate Purchase Price $ 3,144  
Transaction costs (less than)   $ 100
Land at Suffolk Plaza    
Asset Acquisition [Line Items]    
Gross leasable area | ft² 0  
Aggregate Purchase Price $ 3,144  
v3.26.1
Acquisition of Real Estate (Purchase Price) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Asset Acquisition [Line Items]    
Total assets acquired $ 3,144  
Acquired Properties    
Asset Acquisition [Line Items]    
Land 0 $ 3,144
Total assets acquired $ 0 $ 3,144
v3.26.1
Dispositions and Assets Held for Sale (Narrative) (Details)
 3 Months Ended
Mar. 31, 2026
USD ($)
real_estate_property
shopping_Center
Mar. 31, 2025
USD ($)
numberOfShoppingCenter
Dec. 31, 2025
USD ($)
real_estate_property
Schedule of Acquisitions and Dispositions [Line Items]      
Gain on sale $ 52,097,000 $ 3,070,000  
Liabilities associated with real estate assets held for sale $ 0   $ 0
Disposed of by Sale      
Schedule of Acquisitions and Dispositions [Line Items]      
Number of shopping centers sold 4 2  
Number of partial shopping centers sold | numberOfShoppingCenter   2  
Held-for-sale      
Schedule of Acquisitions and Dispositions [Line Items]      
Number of real estate properties | real_estate_property 1   1
Partial Properties | Disposed of by Sale      
Schedule of Acquisitions and Dispositions [Line Items]      
Proceeds from sale of property $ 105,700,000 $ 21,600,000  
Gain on sale $ 52,100,000 $ 3,100,000  
v3.26.1
Dispositions and Assets Held for Sale (Held for Sale) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Assets associated with real estate assets held for sale $ 5,290 $ 4,551
Held-for-sale    
Assets    
Land 1,620 233
Buildings and improvements 7,017 5,579
Accumulated depreciation and amortization (3,578) (1,407)
Real estate, net 5,059 4,405
Other assets 231 146
Assets associated with real estate assets held for sale $ 5,290 $ 4,551
v3.26.1
Real Estate (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Real Estate Owned, Disclosure of Detailed Components [Abstract]      
Land $ 1,837,739   $ 1,849,779
Buildings and tenant improvements 9,368,638   9,388,978
Lease intangibles 538,888   548,740
Real estate, gross 11,745,265   11,787,497
Accumulated depreciation and amortization (3,636,118)   (3,588,646)
Total 8,109,147   8,198,851
Accumulated amortization 426,700   426,600
Intangible liabilities relating to below-market leases 383,200   389,100
Accumulated amortization on below-market leases 243,400   244,300
Below-market lease intangible amortization 4,600 $ 3,300  
Amortization of intangible assets 9,600 $ 6,800  
Below-market lease accretion (income), net of above-market lease amortization expense      
2026 (remaining nine months) (10,603)    
2027 (11,464)    
2028 (10,407)    
2029 (9,376)    
2030 (8,807)    
2031 (8,390)    
In-place lease amortization expense      
2026 (remaining nine months) 23,940    
2027 23,445    
2028 16,384    
2029 11,297    
2030 6,884    
2031 5,872    
Leases, acquired-in-place      
Real Estate Owned, Disclosure of Detailed Components [Abstract]      
In-place lease value 498,900   508,200
Above market leases      
Real Estate Owned, Disclosure of Detailed Components [Abstract]      
Above market leases $ 39,900   $ 40,600
v3.26.1
Financial Instruments - Derivatives and Hedging (Narrative) (Details)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
USD ($)
derivative_instrument
Mar. 31, 2025
USD ($)
Dec. 31, 2025
derivative_instrument
Debt Instrument [Line Items]      
Amount expected to be reclassified from accumulated other comprehensive income in the next twelve months $ 500,000    
Interest Rate Swap | Designated as Hedging Instrument      
Debt Instrument [Line Items]      
Number of instruments entered | derivative_instrument 2   0
Gain (loss) on derivative $ 0 $ 0  
v3.26.1
Financial Instruments - Derivatives and Hedging (Statement of Financial Position, Fair Value) (Details)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
USD ($)
derivative_instrument
Dec. 31, 2025
USD ($)
derivative_instrument
Interest Rate Swap    
Derivative [Line Items]    
Notional Amount $ 700,000 $ 500,000
Interest Rate Swap | Designated as Hedging Instrument    
Derivative [Line Items]    
Notional Amount $ 200,000  
Number of instruments entered | derivative_instrument 2 0
Interest Rate Swap | SOFR 3.5890%    
Derivative [Line Items]    
Fixed Rate 3.589% 3.589%
Notional Amount $ 100,000 $ 100,000
Interest rate derivatives 38 0
Liabilities $ 0 $ (460)
Interest Rate Swap | SOFR 3.5950%    
Derivative [Line Items]    
Fixed Rate 3.595% 3.595%
Notional Amount $ 75,000 $ 75,000
Interest rate derivatives 23 0
Liabilities $ 0 $ (352)
Interest Rate Swap | SOFR 3.5930%    
Derivative [Line Items]    
Fixed Rate 3.593% 3.593%
Notional Amount $ 25,000 $ 25,000
Interest rate derivatives 8 0
Liabilities $ 0 $ (117)
Interest Rate Swap | SOFR 4.0767%, Instrument 1    
Derivative [Line Items]    
Fixed Rate 4.0767% 4.0767%
Notional Amount $ 100,000 $ 100,000
Interest rate derivatives 0 0
Liabilities $ (594) $ (1,208)
Interest Rate Swap | SOFR 4.0770%, Instrument 1    
Derivative [Line Items]    
Fixed Rate 4.077% 4.077%
Notional Amount $ 100,000 $ 100,000
Interest rate derivatives 0 0
Liabilities $ (595) $ (1,208)
Interest Rate Swap | SOFR 4.0767%, Instrument 2    
Derivative [Line Items]    
Fixed Rate 4.0767% 4.0767%
Notional Amount $ 50,000 $ 50,000
Interest rate derivatives 0 0
Liabilities $ (297) $ (604)
Interest Rate Swap | SOFR 4.0770% Instrument 2    
Derivative [Line Items]    
Fixed Rate 4.077% 4.077%
Notional Amount $ 50,000 $ 50,000
Interest rate derivatives 0 0
Liabilities $ (297) (604)
Interest Rate Swap | SOFR 3.99579%    
Derivative [Line Items]    
Fixed Rate 3.99579%  
Notional Amount $ 100,000  
Interest rate derivatives 2,557  
Liabilities $ 0  
Interest Rate Swap | SOFR 3.99270%    
Derivative [Line Items]    
Fixed Rate 3.9927%  
Notional Amount $ 100,000  
Interest rate derivatives 2,582  
Liabilities 0  
Interest rate derivatives | Fair Value, Measurements, Recurring    
Derivative [Line Items]    
Interest rate derivatives 5,208  
Liabilities 1,783 4,553
Interest rate derivatives | Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Recurring    
Derivative [Line Items]    
Interest rate derivatives 5,208 0
Liabilities $ (1,783) $ (4,553)
v3.26.1
Financial Instruments - Derivatives and Hedging (Cash Flow Hedging Relationship) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Change in unrealized gain (loss) on interest rate swaps $ 7,727 $ (3,566)
Amortization (Accretion) of interest rate swaps to interest expense 69 (736)
Change in unrealized gain (loss) on interest rate swaps, net $ 7,796 $ (4,302)
v3.26.1
Debt Obligations (Schedule of Debt) (Details)
$ in Thousands
Apr. 24, 2025
USD ($)
Jul. 26, 2024
USD ($)
derivative_instrument
May 01, 2023
USD ($)
derivative_instrument
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]          
Long-term debt       $ 5,518,453  
Net unamortized debt issuance costs       (31,995)  
Total notes payable, net       5,496,071 $ 5,494,753
Unsecured Debt          
Debt Instrument [Line Items]          
Long-term debt       5,018,453 5,018,453
Net unamortized premium       9,613 10,277
Net unamortized debt issuance costs       (22,524) (23,797)
Total notes payable, net       $ 5,005,542 5,004,933
Weighted average fixed interest rate       4.20%  
Unsecured Debt | Unsecured Credit Facility          
Debt Instrument [Line Items]          
Long-term debt       $ 0 0
Stated percentage       4.46%  
Unsecured Debt | Term Loan          
Debt Instrument [Line Items]          
Stated spread rate 0.10%        
Unsecured Debt | Term Loan | Unsecured $500M Term Loan          
Debt Instrument [Line Items]          
Long-term debt       $ 500,000 500,000
Stated percentage       4.52%  
Term loan face amount $ 500,000        
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan          
Debt Instrument [Line Items]          
Term loan face amount   $ 300,000      
Effective percentage   4.08%      
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan | Through July 26, 2024          
Debt Instrument [Line Items]          
Stated spread rate   0.85% 0.85%    
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan | Interest Rate Swap          
Debt Instrument [Line Items]          
Number of Instruments | derivative_instrument   4      
Unsecured Debt | Term Loan | Unsecured $200M Term Loan | Interest Rate Swap          
Debt Instrument [Line Items]          
Number of Instruments | derivative_instrument     3    
Term loan face amount     $ 200,000    
Effective percentage     3.59%    
Unsecured Debt | Unsecured Credit Facility and Term Loan          
Debt Instrument [Line Items]          
Net unamortized debt issuance costs       $ (9,471) (10,180)
Total notes payable, net       $ 490,529 $ 489,820
Unsecured Debt | Minimum          
Debt Instrument [Line Items]          
Stated percentage       2.25%  
Unsecured Debt | Minimum | Term Loan          
Debt Instrument [Line Items]          
Stated spread rate 0.775%        
Unsecured Debt | Maximum          
Debt Instrument [Line Items]          
Stated percentage       7.97%  
Unsecured Debt | Maximum | Term Loan          
Debt Instrument [Line Items]          
Stated spread rate 0.85%        
v3.26.1
Debt Obligations (Narrative) (Details)
$ in Millions
 3 Months Ended
Sep. 09, 2025
USD ($)
Apr. 24, 2025
USD ($)
extension
Mar. 04, 2025
USD ($)
Mar. 31, 2026
USD ($)
Unsecured Debt | Minimum        
Debt Instrument [Line Items]        
Stated percentage       2.25%
Unsecured Debt | Maximum        
Debt Instrument [Line Items]        
Stated percentage       7.97%
Unsecured Credit Facility | Unsecured Debt        
Debt Instrument [Line Items]        
Stated percentage       4.46%
Term Loan | Unsecured Debt        
Debt Instrument [Line Items]        
Stated spread rate   0.10%    
Term Loan | Unsecured Debt | Minimum        
Debt Instrument [Line Items]        
Stated spread rate   0.775%    
Variable rate adjustment   0.95%    
Term Loan | Unsecured Debt | Maximum        
Debt Instrument [Line Items]        
Stated spread rate   0.85%    
Variable rate adjustment   1.05%    
Senior Notes Due 2025        
Debt Instrument [Line Items]        
Repayments of debt       $ 632.3
Stated spread rate       3.85%
Senior Notes Due 2025 | Unsecured Credit Facility | Unsecured Debt        
Debt Instrument [Line Items]        
Term loan face amount   $ 1,750.0    
Senior Notes Due 2025 | Brixmor Operating Partnership LP | Unsecured Credit Facility | Unsecured Debt        
Debt Instrument [Line Items]        
Term loan face amount   1,250.0    
Senior Notes Due 2032        
Debt Instrument [Line Items]        
Stated spread rate     99.831%  
Term loan face amount     $ 400.0  
Stated percentage     5.20%  
Unsecured $500M Term Loan | Term Loan | Unsecured Debt        
Debt Instrument [Line Items]        
Term loan face amount   $ 500.0    
Stated percentage       4.52%
Number of maturity extensions | extension   2    
Senior Notes Due 2033        
Debt Instrument [Line Items]        
Stated spread rate 99.849%      
Term loan face amount $ 400.0      
Stated percentage 4.85%      
Senior Notes Due 2026        
Debt Instrument [Line Items]        
Term loan face amount       $ 607.5
Senior Notes Due 2027        
Debt Instrument [Line Items]        
Term loan face amount       $ 400.0
v3.26.1
Debt Obligations (Maturities) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Future expected/scheduled maturities of outstanding debt and capital lease    
Interest payable $ 54,400 $ 63,600
2026 (remaining nine months) 607,542  
2027 400,000  
2028 357,708  
2029 753,203  
2030 1,300,000  
2031 500,000  
Thereafter 1,600,000  
Total debt maturities 5,518,453  
Net unamortized premium 9,613  
Net unamortized debt issuance costs (31,995)  
Total debt obligations, net $ 5,496,071 $ 5,494,753
v3.26.1
Fair Value Disclosures (Debt Obligations) (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Estimated fair value of the Company's debt obligations compared to their carrying amounts    
Total debt obligations, net $ 5,496,071 $ 5,494,753
Carrying Amounts    
Estimated fair value of the Company's debt obligations compared to their carrying amounts    
Notes payable 5,005,542 5,004,933
Unsecured Credit Facility 490,529 489,820
Total debt obligations, net 5,496,071 5,494,753
Fair Value    
Estimated fair value of the Company's debt obligations compared to their carrying amounts    
Notes payable 4,928,126 4,986,781
Unsecured Credit Facility 500,000 500,000
Total debt obligations, net $ 5,428,126 $ 5,486,781
v3.26.1
Fair Value Disclosures (Measurements) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities, unrealized losses $ 100 $ 200
Fair Value, Measurements, Recurring | Marketable Securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 20,480 21,283
Fair Value, Measurements, Recurring | Interest rate derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Interest rate derivatives 5,208  
Liabilities: 1,783 4,553
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Marketable Securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 2,019 1,836
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Interest rate derivatives 0  
Liabilities: 0 0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Marketable Securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 18,461 19,447
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest rate derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Interest rate derivatives 5,208 0
Liabilities: (1,783) (4,553)
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Marketable Securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable securities 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Interest rate derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Interest rate derivatives 0  
Liabilities: $ 0 $ 0
v3.26.1
Fair Value Disclosures (Re-measured to Fair Value Impairment) (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
The Shoppes at North Olmsted  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Real estate investment, fair value $ 400
Real estate, fair value, capitalization rate 8.00%
Real estate, net | Fair Value, Measurements, Nonrecurring  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Interest rate derivatives $ 358
Impairment of real estate assets 1,679
Real estate, net | Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1)  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Interest rate derivatives 0
Real estate, net | Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2)  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Interest rate derivatives 0
Real estate, net | Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3)  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Interest rate derivatives $ 358
v3.26.1
Revenue Recognition (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Revenue performance obligation term (less than) 1 year  
Revenue performance obligation term (more than) 25 years  
Rental income based on percentage rents $ 5.1 $ 4.0
Minimum    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Operating lease, renewal terms (or more) 1 month  
Maximum    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Operating lease, renewal terms (or more) 5 years  
v3.26.1
Leases (Narrative) (Details)
 3 Months Ended
Mar. 31, 2026
Lessee, Lease, Description [Line Items]  
Additional term of contract 100 years
Minimum  
Lessee, Lease, Description [Line Items]  
Term of contract 1 year
Maximum  
Lessee, Lease, Description [Line Items]  
Term of contract 50 years
v3.26.1
Leases (Schedule of Operating Leases) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Lease, Cost [Abstract]      
Operating lease costs $ 1,716 $ 1,687  
Variable lease costs 74 76  
Total lease costs 1,790 1,763  
Operating cash outflows from operating leases 1,589 1,578  
ROU assets obtained in exchange for operating lease liabilities 2,241 $ 3,475  
Operating Lease Liabilities      
2026 (remaining nine months) 4,508    
2027 5,590    
2028 5,501    
2029 5,464    
2030 4,951    
2031 4,040    
Thereafter 97,283    
Total future minimum operating lease payments 127,337    
Less: imputed interest (78,649)    
Operating lease liabilities 48,688   $ 47,351
ROU asset $ 45,274   $ 44,114
Weighted average remaining lease term 25 years 4 months 24 days   26 years 1 month 6 days
Weighted average discount rate 6.37%   6.35%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other assets   Other assets
v3.26.1
Equity and Capital (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Oct. 31, 2025
Dec. 31, 2024
Nov. 30, 2022
Schedule of Shareholders' Equity [Line Items]            
Available repurchase amount $ 400.0          
Dividends, per common share (usd per share) $ 0.3075 $ 0.2875        
Redeemable preferred equity         $ 0.2  
North Ridge Shopping Center and The Plaza at Buckland Hills            
Schedule of Shareholders' Equity [Line Items]            
Preferred stock, dividend rate, percentage         100.00%  
Accounts Payable and Accrued Liabilities            
Schedule of Shareholders' Equity [Line Items]            
Dividends payable $ 95.9   $ 98.0      
ATM Program            
Schedule of Shareholders' Equity [Line Items]            
Sale of stock, number of shares issued in transaction 3,900,000 0        
Sales of stock, weighted average offering price (in dollar per share) $ 29.85          
Sale of stock, consideration received on transaction $ 116.0          
Common stock, capital shares reserved for future issuance, amount $ 284.0          
Common Stock            
Schedule of Shareholders' Equity [Line Items]            
Stock repurchased during period (in shares) 0 0        
Common Stock | RSUs            
Schedule of Shareholders' Equity [Line Items]            
Stock repurchased during period (in shares) 600,000 400,000        
Common Stock | Maximum            
Schedule of Shareholders' Equity [Line Items]            
Share repurchase program, authorized amount           $ 400.0
Common Stock | ATM Program            
Schedule of Shareholders' Equity [Line Items]            
At-the-market equity offering program       $ 400.0    
v3.26.1
Stock Based Compensation (Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of shares authorized 10,000,000.0    
Grants in period (in shares) 500,000   600,000
Equity based compensation, net $ 2.6 $ 4.6  
Equity compensation expense (0.3) $ (0.5)  
Compensation cost not yet recognized $ 22.8    
Weighted average remaining contractual term 2 years 6 months    
Minimum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Service period 1 year    
Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Service period 5 years    
v3.26.1
Stock Based Compensation (Assumptions) (Details)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Minimum    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Volatility 22.00% 20.00%
Weighted average risk-free interest rate 3.47% 4.24%
Weighted average common stock dividend yield 4.30% 4.30%
Maximum    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Volatility 24.00% 26.00%
Weighted average risk-free interest rate 3.73% 4.24%
Weighted average common stock dividend yield 4.50% 4.50%
v3.26.1
Earnings per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Schedule of Earnings per Share [Line Items]    
Net income $ 127,757 $ 69,737
Net income attributable to non-controlling interests (7) (8)
Non-forfeitable dividends on unvested restricted shares (230) (173)
Net income attributable to the Company’s common stockholders for basic earnings per share $ 127,520 $ 69,556
Weighted average number shares outstanding – basic (in shares) 307,024 306,766
Net income per share (usd per share) $ 0.42 $ 0.23
Computation of Diluted Earnings Per Share:    
Net income attributable to the Company’s common stockholders for diluted earnings per share $ 127,520 $ 69,556
Equity awards (in shares) 655 486
Weighted average shares outstanding - diluted (in shares) 307,679 307,252
Net income per share (usd per share) $ 0.41 $ 0.23
Unsettled forward sales contracts, expected shares to be issued (in shares) 3,900  
Brixmor Operating Partnership LP    
Schedule of Earnings per Share [Line Items]    
Net income $ 127,757 $ 69,737
Net income attributable to non-controlling interests (7) (8)
Non-forfeitable dividends on unvested restricted shares (230) (173)
Net income attributable to the Company’s common stockholders for basic earnings per share $ 127,520 $ 69,556
Weighted average number shares outstanding – basic (in shares) 307,024 306,766
Net income per share (usd per share) $ 0.42 $ 0.23
Computation of Diluted Earnings Per Share:    
Net income attributable to the Company’s common stockholders for diluted earnings per share $ 127,520 $ 69,556
Equity awards (in shares) 655 486
Weighted average shares outstanding - diluted (in shares) 307,679 307,252
Net income per share (usd per share) $ 0.41 $ 0.23
Unsettled forward sales contracts, expected shares to be issued (in shares) 3,900  
v3.26.1
Earnings per Unit (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Schedule of Earnings per Share [Line Items]    
Net income $ 127,757 $ 69,737
Net income attributable to non-controlling interests (7) (8)
Non-forfeitable dividends on unvested restricted shares (230) (173)
Net income attributable to the Company’s common stockholders for basic earnings per share $ 127,520 $ 69,556
Weighted average number shares outstanding – basic (in shares) 307,024 306,766
Net income per unit (usd per share) $ 0.42 $ 0.23
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 127,520 $ 69,556
Equity awards (in shares) 655 486
Weighted average shares outstanding - diluted (in shares) 307,679 307,252
Net income per unit (usd per share) $ 0.41 $ 0.23
Brixmor Operating Partnership LP    
Schedule of Earnings per Share [Line Items]    
Net income $ 127,757 $ 69,737
Net income attributable to non-controlling interests (7) (8)
Non-forfeitable dividends on unvested restricted shares (230) (173)
Net income attributable to the Company’s common stockholders for basic earnings per share $ 127,520 $ 69,556
Weighted average number shares outstanding – basic (in shares) 307,024 306,766
Net income per unit (usd per share) $ 0.42 $ 0.23
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 127,520 $ 69,556
Equity awards (in shares) 655 486
Weighted average shares outstanding - diluted (in shares) 307,679 307,252
Net income per unit (usd per share) $ 0.41 $ 0.23
v3.26.1
Commitments and Contingencies (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Environmental Matters    
Loss Contingencies [Line Items]    
Litigation settlement $ 0 $ 0
v3.26.1
Segment Reporting (Narrative) (Details)
Mar. 31, 2026
market
state
Segment Reporting [Abstract]  
Number of states located for properties portfolio | state 29
Number of metropolitan markets used for properties portfolio | market 96
v3.26.1
Segment Reporting (Schedule of Revenues and Significant Segment Expenses) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Total revenues $ 354,819 $ 337,512
Operating costs (41,914) (39,211)
Real estate taxes (45,403) (44,893)
Depreciation and amortization (105,202) (105,597)
General and administrative (28,192) (28,173)
Interest expense (59,392) (54,084)
Other segment items (2,261) (593)
Net income attributable to Brixmor Property Group Inc. 127,757 69,737
Total general and administrative (28,192) (28,173)
General and Administrative Expense    
Segment Reporting Information [Line Items]    
General and administrative (28,192) (28,173)
Employee compensation, net (21,719) (22,421)
Other general and administrative, net (6,473) (5,752)
Total general and administrative (28,192) (28,173)
Residential Portfolio Segment    
Segment Reporting Information [Line Items]    
Total revenues 354,819 337,512
Operating costs (41,914) (39,211)
Real estate taxes (45,403) (44,893)
Depreciation and amortization (105,202) (105,597)
General and administrative (28,192) (28,173)
Interest expense (59,392) (54,084)
Other segment items 53,034 4,175
Segment net income 127,750 69,729
Adjustments 0 0
Net income attributable to Brixmor Property Group Inc. 127,750 69,729
Total general and administrative $ (28,192) $ (28,173)
v3.26.1
Related Party Transactions (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Related Party Transaction [Line Items]      
Receivables, net $ 302,774,000   $ 315,128,000
Related Party      
Related Party Transaction [Line Items]      
Receivables, net 0   $ 0
Related party transactions $ 0 $ 0