Brixmor Property Group (NYSE:BRX) Interest Coverage

: 2.38 (As of Jun. 2023)

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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Brixmor Property Group's Operating Income for the three months ended in Jun. 2023 was $113 Mil. Brixmor Property Group's Interest Expense for the three months ended in Jun. 2023 was $-47 Mil. Brixmor Property Group's interest coverage for the quarter that ended in Jun. 2023 was 2.38. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Brixmor Property Group Inc interest coverage is 2.31, which is low.

The historical rank and industry rank for Brixmor Property Group's Interest Coverage or its related term are showing as below:

BRX' s Interest Coverage Range Over the Past 10 Years
Min: 0.85 Med: 2.14 Max: 2.31
Current: 2.31

BRX's Interest Coverage is ranked worse than
65.71% of 665 companies
in the REITs industry
Industry Median: 3.24 vs BRX: 2.31

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Brixmor Property Group Interest Coverage Historical Data

The historical data trend for Brixmor Property Group's Interest Coverage 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

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

2.16

2.31

1.69

2.17

2.31

Brixmor Property Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Interest Coverage																2.39	2.33	2.20	2.34	2.38

Competitive Comparison

For the REIT - Retail subindustry, Brixmor Property Group's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.

Annual Data Quarterly Data

Brixmor Property Group Interest Coverage Distribution

For the REITs industry and Real Estate sector, Brixmor Property Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Brixmor Property Group's Interest Coverage falls in comparison to its industry or sector. The grey bar indicates the Interest Coverage's extreme value range as defined by GuruFocus.

Brixmor Property Group Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Brixmor Property Group's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Brixmor Property Group's Interest Expense was $-192 Mil. Its Operating Income was $444 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,620 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	444.327	/	-192.427
	=	2.31

Brixmor Property Group's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Here, for the three months ended in Jun. 2023, Brixmor Property Group's Interest Expense was $-47 Mil. Its Operating Income was $113 Mil. And its Long-Term Debt & Capital Lease Obligation was $4,913 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	113.05	/	-47.485
	=	2.38

The higher the ratio, the stronger the company's Financial Strength is.

Brixmor Property Group (NYSE:BRX) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Brixmor Property Group Interest Coverage Related Terms

Thank you for viewing the detailed overview of Brixmor Property Group's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Brixmor Property Group (NYSE:BRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Brixmor Property Group Inc (NYSE:BRX) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

BXR:Germany

Address

450 Lexington Avenue, 13th Floor, New York, NY, USA, 10017

Website

https://www.brixmor.com

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

John Peter Suarez	director	450 LEXINGTON AVENUE, NEW YORK NY 10017
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
Angela M Aman	officer: EVP, Chief Financial Officer	RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Steven T Gallagher	officer: Chief Accounting Officer	C/O BRIXMOR PROPERTY GROUP, INC., 450 LEXINGTON AVENUE, NEW YORK NY 10017
Carolyn Carter Singh	officer: See Remarks	C/O BRIXMOR PROPERTY GROUP INC., 450 LEXINGTON AVENUE, NEW YORK NY 10017
Steven F Siegel	officer: See Remarks	C/O BRIXMOR PROPERTY GROUP, 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
Taylor James M Jr	officer: President and CEO	1626 EAST JEFFERSON STREET, ROCKVILLE MD 20852
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
Sheryl Maxwell Crosland	director	C/O BRIXMOR PROPERTY GROUP, INC., 450 LEXINGTON AVENUE, NEW YORK NY 10017
Michael B Berman	director	C/O GENERAL GROWTH PROPERTIES, 110 NORTH WACKER DRIVE, CHICAGO IL 60606