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Brixmor Property Group Inc. - Conshohocken, PA
200 W Ridge Pike Suite 100 Conshohocken, PA 19428 (610) 834-7799
Brixmor Property Group, Inc., (NYSE: "BRX") is a real estate investment trust based in New York City. The company is one of the largest owner operators of grocery-anchored shopping centers in the United States. Their portfolio is comprised of over 360 shopping centers, and of that 75% are grocery-anchored centers. Brixmor has $8.64 billion in assets under management (AUM), and as of 2024 Q1 the company has a Market Cap of $7.07 billion.
Brixmor traces its history to Centro Properties Group, an Australian-based shopping center firm that formed in 1985. Through a series of M&A deals, Centro merged with Blackstone in 2011 and changed its name to Brixmor. In 2016, Blackstone sold its stake in Brixmor.
Brixmor operates a mix of neighborhood, community, and power centers in established trade areas and predominantly suburban markets. As of 2024 Q1, the largest tenants are The TJX Companies, Inc., The Kroger Co., and Burlington Stores, Inc.
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