Latest Ratios: P/E Ratio 24.8x · EV/EBITDA 16.4x · ROE 12.9%. (2011–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.5B | $8.1B | $8.5B | $7.0B | $6.8B | $7.6B | $4.9B | $6.5B | $4.4B | $5.7B | $7.4B |
| Enterprise Value | $15.0B | $13.6B | $13.4B | $12.0B | $11.9B | $12.5B | $9.8B | $11.3B | $9.3B | $11.3B | $13.2B |
| P/E Ratio → | 24.81 | 20.98 | 25.08 | 23.04 | 19.38 | 101.64 | — | 74.52 | 12.14 | 19.04 | 27.13 |
| P/S Ratio | 6.94 | 5.89 | 6.59 | 5.65 | 5.62 | 6.59 | 4.68 | 5.54 | 3.60 | 4.44 | 5.84 |
| P/B Ratio | 3.17 | 2.68 | 2.84 | 2.47 | 2.39 | 2.79 | 1.84 | 2.36 | 0.57 | 0.66 | 2.54 |
| P/FCF | 14.59 | 12.38 | 13.55 | 11.95 | 12.08 | 13.75 | 11.13 | 12.24 | 8.20 | 10.32 | 13.13 |
| P/OCF | 14.59 | 12.38 | 13.55 | 11.95 | 12.08 | 13.75 | 11.13 | 12.24 | 8.20 | 10.32 | 13.13 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.90 | 10.45 | 9.61 | 9.77 | 10.85 | 9.30 | 9.68 | 7.52 | 8.82 | 10.38 |
| EV / EBITDA | 16.36 | 14.79 | 15.77 | 10.23 | 15.08 | 16.70 | 9.86 | 10.44 | 7.52 | 10.71 | 13.09 |
| EV / EBIT | 29.85 | 22.23 | 24.18 | 24.14 | 21.77 | 26.90 | 28.91 | 25.84 | 15.97 | 22.84 | 25.61 |
| EV / FCF | — | 20.83 | 21.49 | 20.33 | 21.01 | 22.65 | 22.11 | 21.39 | 17.14 | 20.50 | 23.33 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.2% | 75.2% | 75.3% | 74.3% | 74.4% | 74.2% | 73.4% | 74.7% | 74.6% | 75.4% | 75.9% |
| Operating Margin | 36.7% | 36.7% | 36.6% | 64.9% | 36.5% | 36.6% | 64.0% | 65.9% | 37.7% | 20.9% | 19.8% |
| Net Profit Margin | 28.2% | 28.2% | 26.4% | 24.5% | 29.1% | 23.4% | 11.5% | 23.5% | 29.7% | 23.4% | 21.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.9% | 12.9% | 11.6% | 10.7% | 12.7% | 10.0% | 4.5% | 5.2% | 4.5% | 5.2% | 9.4% |
| ROA | 4.3% | 4.3% | 3.9% | 3.6% | 4.2% | 3.2% | 1.5% | 3.4% | 4.2% | 3.3% | 2.9% |
| ROIC | 4.6% | 4.6% | 4.5% | 7.7% | 4.3% | 4.2% | 6.7% | 5.7% | 2.6% | 1.8% | 2.2% |
| ROCE | 6.2% | 6.2% | 6.1% | 10.3% | 5.5% | 5.3% | 9.0% | 10.5% | 6.3% | 4.0% | 3.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.95 | 1.95 | 1.79 | 1.73 | 1.77 | 1.92 | 1.95 | 1.77 | 0.63 | 0.66 | 1.99 |
| Debt / EBITDA | 6.39 | 6.39 | 6.27 | 4.22 | 6.43 | 6.96 | 5.27 | 4.49 | 3.96 | 5.37 | 5.77 |
| Net Debt / Equity | — | 1.83 | 1.66 | 1.73 | 1.77 | 1.81 | 1.82 | 1.76 | 0.62 | 0.65 | 1.98 |
| Net Debt / EBITDA | 6.00 | 6.00 | 5.83 | 4.22 | 6.41 | 6.56 | 4.90 | 4.47 | 3.92 | 5.32 | 5.72 |
| Debt / FCF | — | 8.45 | 7.94 | 8.38 | 8.93 | 8.90 | 10.98 | 9.16 | 8.94 | 10.18 | 10.20 |
| Interest Coverage | 2.72 | 2.72 | 2.57 | 2.60 | 2.84 | 2.39 | 1.69 | 2.31 | 2.70 | 2.19 | 2.28 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.10 | 1.10 | 0.63 | 0.43 | 0.74 | 1.44 | 1.70 | 0.25 | 0.60 | 0.17 | 0.11 |
| Quick Ratio | 1.10 | 1.10 | 0.63 | 0.43 | 0.74 | 1.44 | 1.70 | 0.25 | 0.64 | 0.18 | 0.12 |
| Cash Ratio | 0.59 | 0.59 | 0.37 | 0.03 | 0.04 | 0.78 | 1.00 | 0.03 | 0.14 | 0.04 | 0.03 |
| Asset Turnover | — | 0.15 | 0.14 | 0.15 | 0.14 | 0.14 | 0.13 | 0.14 | 0.15 | 0.14 | 0.14 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.7% | 4.4% | 3.9% | 4.5% | 4.2% | 3.4% | 3.5% | 5.2% | 7.5% | 5.6% | 4.0% |
| Payout Ratio | 91.7% | 91.7% | 97.6% | 103.3% | 81.8% | 95.2% | 140.6% | 121.9% | 91.0% | 105.7% | 107.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.0% | 4.8% | 4.0% | 4.3% | 5.2% | 1.0% | — | 1.3% | 8.2% | 5.3% | 3.7% |
| FCF Yield | 6.9% | 8.1% | 7.4% | 8.4% | 8.3% | 7.3% | 9.0% | 8.2% | 12.2% | 9.7% | 7.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.2% | 2.4% | 0.1% | 0.0% |
| Total Shareholder Yield | 3.7% | 4.4% | 3.9% | 4.5% | 4.2% | 3.4% | 4.0% | 5.4% | 9.9% | 5.7% | 4.0% |
| Shares Outstanding | — | $308M | $304M | $302M | $302M | $299M | $298M | $299M | $302M | $305M | $305M |
Redevelopment yield compression
Based on the reported P/FFO multiple of 9.87x in 2026Q1, Brixmor appears to trade at a valuation that may not fully capture the earnings growth trajectory, as evidenced by the 32.9% FFO per share increase observed in the most recent quarter compared to historical averages.
The current valuation suggests that the market remains cautious regarding the sustainability of the company's mark-to-market rent recapture strategy. Investors should monitor whether this discount persists as the company continues to demonstrate its ability to drive organic NOI growth through its grocery-anchored portfolio.
As reported in financial statements, the NOI margin reached 88.2% in 2026Q1, a significant improvement from the 45.6% observed in 2023Q4, which indicates that property-level operating efficiencies have strengthened as the company successfully optimized its cost structure and tenant reimbursement recoveries across the portfolio.
This margin expansion appears to be a primary driver of the company's recent FFO growth, suggesting that management's focus on operational discipline is yielding tangible results. Future profitability will likely depend on the company's ability to maintain these high margins while navigating potential inflationary pressures on property operating expenses.
According to recent SEC filings, the FFO payout ratio has remained disciplined, fluctuating between 36.8% and 51.0% over the last two years, which suggests a significant buffer for dividend sustainability and provides ample retained cash flow to fund ongoing redevelopment projects without requiring external financing.
The stability of this payout ratio indicates a conservative capital allocation strategy that prioritizes long-term value creation over aggressive dividend growth. This approach appears prudent given the capital-intensive nature of the company's redevelopment pipeline and the inherent cyclicality of the retail sector.
Based on reported figures, the debt-to-equity ratio of 1.95 in 2025Q4 warrants careful investigation, as it deviates significantly from typical REIT sector leverage profiles and may reflect specific accounting snapshots or potential inconsistencies in the reporting of consolidated debt obligations across the provided quarterly data.
While the reported interest coverage ratio of 3.30x in 2025Q4 suggests an adequate ability to service debt, the anomalous leverage figure necessitates a deeper review of the company's balance sheet transparency. Investors should monitor future disclosures to confirm whether this leverage profile is sustainable or if it represents a temporary reporting anomaly.
The most commonly misapplied metric for Brixmor is the standard P/E ratio, which obscures the company's true earnings power by failing to account for the significant non-cash depreciation charges that are inherent to the REIT business model and do not reflect actual cash flow generation.
Analysts should instead utilize P/FFO or P/AFFO to better assess the company's valuation, as these metrics normalize for non-cash items and provide a clearer picture of recurring earnings. Relying on P/E in this context may lead to an inaccurate assessment of the company's relative value compared to its peers.
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Quick answers to the most common questions about buying BRX stock.
Brixmor Property Group Inc.'s current P/E ratio is 24.8x. The historical average is 39.3x. This places it at the 45th percentile of its historical range.
Brixmor Property Group Inc.'s current EV/EBITDA is 16.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.3x.
Brixmor Property Group Inc.'s return on equity (ROE) is 12.9%. The historical average is 6.0%.
Based on historical data, Brixmor Property Group Inc. is trading at a P/E of 24.8x. This is at the 45th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Brixmor Property Group Inc.'s current dividend yield is 3.71% with a payout ratio of 91.7%.
Brixmor Property Group Inc. has 75.2% gross margin and 36.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Brixmor Property Group Inc.'s Debt/EBITDA ratio is 6.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.