Segment Reporting

9 Months Ended

Sep. 30, 2025

The Company operates and derives revenue from its Portfolio of community and neighborhood shopping centers. As of September 30, 2025, the properties in the Portfolio are located across 30 states throughout 100 metropolitan markets. The interim 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 and nine months ended September 30, 2025 and 2024:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Total revenues	$	340,843	$	320,682	$	1,017,847	$	956,612

Operating costs	(38,891)		(36,442)		(117,979)		(110,518)
Real estate taxes	(45,455)		(42,902)		(133,907)		(120,659)
Depreciation and amortization	(103,234)		(94,829)		(312,108)		(278,065)
Impairment of real estate assets	(16,075)		(5,863)		(16,075)		(11,143)
General and administrative(1)	(26,772)		(30,250)		(84,038)		(88,430)
Interest expense	(56,680)		(55,410)		(165,173)		(160,553)
Other segment items(2)	40,499		41,854		60,536		68,626

Segment net income	$	94,235	$	96,840	$	249,103	$	255,870

Reconciliation of Segment net income to Net income attributable to Brixmor Property Group Inc.
Adjustments	—		—		—		—
Net income attributable to Brixmor Property Group Inc.	$	94,235	$	96,840	$	249,103	$	255,870

(1)The following table presents General and administrative expense for the three and nine months ended September 30, 2025 and 2024:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Employee compensation, net	$	(20,838)	$	(24,770)	$	(64,898)	$	(72,577)
Other general and administrative, net	(5,934)		(5,480)		(19,140)		(15,853)
Total general and administrative	$	(26,772)	$	(30,250)	$	(84,038)	$	(88,430)

(2)Other segment items for the Company include Dividends and interest, Gain on sale of real estate assets, Gain (loss) on extinguishment of debt, net, 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.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Brixmor Property Group Inc. 10-Q