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Brixmor Property Group (Brixmor Property Group) Net Current Asset Value

: $-17.18 (As of Dec. 2023)
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In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Brixmor Property Group's net current asset value per share for the quarter that ended in Dec. 2023 was $-17.18.

The historical rank and industry rank for Brixmor Property Group's Net Current Asset Value or its related term are showing as below:

BRX's Price-to-Net-Current-Asset-Value is not ranked *
in the REITs industry.
Industry Median: 7.04
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Brixmor Property Group Net Current Asset Value Historical Data

The historical data trend for Brixmor Property Group's Net Current Asset Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Brixmor Property Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -17.13 -16.91 -17.13 -17.52 -17.18

Brixmor Property Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Current Asset Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -17.52 -17.18 -17.14 -17.15 -17.18

Competitive Comparison

For the REIT - Retail subindustry, Brixmor Property Group's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Brixmor Property Group Price-to-Net-Current-Asset-Value Distribution

For the REITs industry and Real Estate sector, Brixmor Property Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Brixmor Property Group's Price-to-Net-Current-Asset-Value falls into.



Brixmor Property Group Net Current Asset Value Calculation

Brixmor Property Group's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(A: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(317.593-5482.415-0-0)/300.596
=-17.18

Brixmor Property Group's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(317.593-5482.415-0-0)/300.596
=-17.18

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Brixmor Property Group  (NYSE:BRX) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Brixmor Property Group Net Current Asset Value Related Terms

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Brixmor Property Group (Brixmor Property Group) Business Description

Traded in Other Exchanges
Address
450 Lexington Avenue, 13th Floor, New York, NY, USA, 10017
Brixmor Property Group Inc is a real estate investment trust based in the United States. The company owns and operates a portfolio of grocery-anchored community and neighborhood shopping centers across the United States. It leases its rentable areas to retailers, restaurants, theatres, entertainment venues, and fitness centers, with the company's tenants consisting of large department stores, discount retailers, and grocery stores. The company is an internally managed REIT.
Executives
Brian T Finnegan officer: See Remarks C/O BRIXMOR PROPERTY GROUP INC., 420 LEXINGTON AVENUE, NEW YORK NY 10170
Angela M Aman officer: EVP, Chief Financial Officer RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
John Peter Suarez director 450 LEXINGTON AVENUE, NEW YORK NY 10017
Michael B Berman director C/O GENERAL GROWTH PROPERTIES, 110 NORTH WACKER DRIVE, CHICAGO IL 60606
Thomas W Dickson director 301 S TRYON STREET, SUITE 1800, CHARLOTTE NC 28282
Julie Bowerman director C/O BRIXMOR PROPERTY GROUP, 450 LEXINGTON AVENUE, NEW YORK NY 10017
William D. Rahm director C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
John Schreiber director 682 BANK LANE, LAKE FOREST IL 60045
Steven F Siegel officer: See Remarks C/O BRIXMOR PROPERTY GROUP, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Taylor James M Jr officer: President and CEO 1626 EAST JEFFERSON STREET, ROCKVILLE MD 20852
Carolyn Carter Singh officer: See Remarks C/O BRIXMOR PROPERTY GROUP INC., 450 LEXINGTON AVENUE, NEW YORK NY 10017
Mark Horgan officer: EVP, Chief Investment Officer C/O BRIXMOR PROPERTY GROUP INC., 450 LEXINGTON AVENUE, NEW YORK NY 10017
Steven T Gallagher officer: Chief Accounting Officer C/O BRIXMOR PROPERTY GROUP, INC., 450 LEXINGTON AVENUE, NEW YORK NY 10017
Sandra Aj Lawrence director C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Daniel B Hurwitz director 3300 ENTERPRISES PARKWAY, BEACHWOOD OH 44122