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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income $ 127,757 $ 69,737
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 105,202 105,597
Accretion of debt premium and discount, net (664) (695)
Deferred financing cost amortization 1,982 1,766
Accretion of above- and below-market leases, net (4,635) (3,276)
Tenant inducement amortization and other 519 750
Gain on sale of real estate assets (52,097) (3,070)
Equity based compensation 2,385 4,113
Changes in operating assets and liabilities:    
Receivables, net 10,189 9,442
Deferred charges and prepaid expenses (9,375) (7,140)
Other assets 119 49
Accounts payable, accrued expenses and other liabilities (40,198) (47,185)
Net cash provided by operating activities 141,184 130,088
Investing activities:    
Improvements to and investments in real estate assets (70,981) (82,509)
Acquisitions of real estate assets 0 (3,144)
Proceeds from sales of real estate assets 105,668 21,636
Purchase of marketable securities (1,036) (4,477)
Proceeds from sale of marketable securities 1,736 5,035
Net cash provided by (used in) investing activities 35,387 (63,459)
Financing activities:    
Repayment of borrowings under unsecured revolving credit facility 0 (407,000)
Proceeds from borrowings under unsecured revolving credit facility 0 407,000
Proceeds from unsecured notes 0 399,324
Repayment of borrowings under unsecured notes 0 (632,312)
Deferred financing and debt extinguishment costs (215) (3,718)
Net proceeds from issuances of common shares (33) (78)
Distributions to common stockholders (96,874) (89,465)
Repurchases of common shares in conjunction with equity award plans (16,412) (11,644)
Net cash used in financing activities (113,534) (337,893)
Net change in cash, cash equivalents and restricted cash 63,037 (271,264)
Cash, cash equivalents and restricted cash at beginning of period 361,530 378,692
Cash, cash equivalents and restricted cash at end of period 424,567 107,428
Reconciliation to consolidated balance sheets:    
Cash and cash equivalents 323,934 106,534
Restricted cash 100,633 894
Cash, cash equivalents and restricted cash at end of period 424,567 107,428
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amount capitalized of $823 and $1,264 67,486 73,213
Change in accrued capital expenditures (7,733) (3,396)
Brixmor Operating Partnership LP    
Operating activities:    
Net income 127,757 69,737
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 105,202 105,597
Accretion of debt premium and discount, net (664) (695)
Deferred financing cost amortization 1,982 1,766
Accretion of above- and below-market leases, net (4,635) (3,276)
Tenant inducement amortization and other 519 750
Gain on sale of real estate assets (52,097) (3,070)
Equity based compensation 2,385 4,113
Changes in operating assets and liabilities:    
Receivables, net 10,189 9,442
Deferred charges and prepaid expenses (9,375) (7,140)
Other assets 119 49
Accounts payable, accrued expenses and other liabilities (40,198) (47,185)
Net cash provided by operating activities 141,184 130,088
Investing activities:    
Improvements to and investments in real estate assets (70,981) (82,509)
Acquisitions of real estate assets 0 (3,144)
Proceeds from sales of real estate assets 105,668 21,636
Purchase of marketable securities (1,036) (4,477)
Proceeds from sale of marketable securities 1,736 5,035
Net cash provided by (used in) investing activities 35,387 (63,459)
Financing activities:    
Repayment of borrowings under unsecured revolving credit facility 0 (407,000)
Proceeds from borrowings under unsecured revolving credit facility 0 407,000
Proceeds from unsecured notes 0 399,324
Repayment of borrowings under unsecured notes 0 (632,312)
Deferred financing and debt extinguishment costs (215) (3,718)
Net proceeds from issuances of common shares (33) (78)
Partner distributions and repurchases of OP Units (113,285) (101,533)
Net cash used in financing activities (113,533) (338,317)
Net change in cash, cash equivalents and restricted cash 63,038 (271,688)
Cash, cash equivalents and restricted cash at beginning of period 360,996 378,032
Cash, cash equivalents and restricted cash at end of period 424,034 106,344
Reconciliation to consolidated balance sheets:    
Cash and cash equivalents 323,401 105,450
Restricted cash 100,633 894
Cash, cash equivalents and restricted cash at end of period 424,034 106,344
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amount capitalized of $823 and $1,264 67,486 73,213
Change in accrued capital expenditures $ (7,733) $ (3,396)