Brixmor Property Group delivered robust third-quarter results, highlighted by record leasing activity and strong revenue growth, underscoring the company's ongoing strength in an improving retail landscape.

• Executed 1.5 million square feet of new and renewal leases at an impressive blended cash spread of 18%, with a record average lease rate of $25.85 per square foot.
• Achieved NAREIT FFO of $0.56 per share, driven by a 4% year-over-year growth in same-property NOI.
• Successfully stabilized 8 value-enhancing projects at an average yield of 11%, enhancing tenant quality and driving traffic, particularly through added grocery anchors.
• Completed $223 million acquisition of LaCenterra at Cinco Ranch, with 7 new leases signed or in process, exceeding initial forecasts.
• Maintained a strong pipeline with $60 million in signed but not yet commenced rents, poised to contribute significantly to future growth.