Brixmor Property Group (BRX - $18.37 – NYSE) (NYSE:BRX) is a real estate investment trust that owns and operates grocery-anchored shopping centers. is past quarter, Brixmor rebounded from meaningful share-price weakness in the December quarter as it reported largely in-line fourth-quarter earnings. Brixmor also rea rmed its guidance of signi cantly stronger same-store pro t growth in 2019 relative to 2018, which helped to fuel Brixmor’s rally. Looking ahead, Brixmor should begin seeing better earnings growth, owing to the bene ts of redevelopment activity, a reduced level of dilutive asset dispositions, renewals at much higher rents, and less exposure to retailer bankruptcies.
From Keeley Funds' first-quarter 2019 Keeley Mid-Cap Dividend Value Fund commentary.
