Segment Reporting

3 Months Ended

Mar. 31, 2025

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, 2025, the properties in the Portfolio are located across 30 states throughout 104 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, 2025 and 2024:

	Three Months Ended March 31,
	2025		2024
Total revenues	$	337,512	$	320,241
Operating costs	(39,211)		(37,157)
Real estate taxes	(44,893)		(41,408)
Depreciation and amortization	(105,597)		(91,218)
General and administrative(1)	(28,173)		(28,491)
Interest expense	(54,084)		(51,488)
Other segment items(2)	4,175		18,426
Segment net income	$	69,729	$	88,905
Reconciliation of Segment net income to Net income attributable to Brixmor Property Group Inc.
Adjustments	—		—
Net income attributable to Brixmor Property Group Inc.	$	69,729	$	88,905

(1)The following table presents General and administrative expense for the three months ended March 31, 2025 and 2024:

	Three Months Ended March 31,
	2025		2024
Employee compensation, net	$	(22,421)	$	(23,820)
Other general and administrative, net	(5,752)		(4,671)
Total general and administrative	$	(28,173)	$	(28,491)

(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.