Brixmor (BRX) Expected to Benefit From Below-Market Lease Backlog

Brixmor Property Group (NYSE:BRX) is one of the most favored real estate investment trusts according to Hedge Funds.

On January 14, Scotiabank analyst Nicholas Yulico maintained his Outperform rating on Brixmor Property Group (NYSE:BRX). He lowered his price target forecast from $30 to $29, resulting in a revised upside of almost 9% from the prevailing level.

Yulico’s rating follows Scotiabank’s broader adjustments to its price targets for the U.S. Real Estate & REITs segment. These revisions are based on the firm’s outlook for the fourth quarter announcements by underlying companies. It pointed out multifamily and self-storage as the two subsectors gaining investor attention, based on a favorable 2026 outlook.

Back on December 16, Linda Tsai from Jefferies also reaffirmed her bullish forecast for Brixmor Property Group (NYSE:BRX). She assigned a Buy rating with a downward revision of the price target from $32 to $29. She noted that retail REITs such as Brixmor are likely to benefit from a below-market lease backlog expected to start in FY26-27. This will fuel growth not only in rental revenues but also in net operating income.

Brixmor Property Group (NYSE:BRX) is a real estate investment trust that manages a portfolio of open-air commercial retail centers within the United States. What enhances the quality of their portfolio composition is the fact that these centers include a diverse mix of local and regional retailers. As per the latest filings, the portfolio consists of more than 350 shopping centers.

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Disclosure: None. This article is originally published at Insider Monkey.