Brixmore Property FFO Rises

(RTTNews) - Brixmor Property Group Inc (BRX), an operator of grocery-anchored community and neighborhood shopping centers, on Monday reported first-quarter funds from operations of $139.2 million or $0.46 per share. This compares with FFO of $132.7 million or $0.44 per share last year.

Net earnings for the quarter were $30.4 million or $0.10 per share compared with $15.4 million or $0.07 per share last year.

Revenues for the quarter were $315.3 million compared with $307.6 million in the prior year.

Analysts polled by Thomson Reuters estimated revenues of $314 million for the quarter.

The company declared a quarterly cash dividend of $0.225 per common share.

For the full year 2015, the company still expects FFO of $1.94 to $2.00.