Intrinsic value of Brixmor Property Group - BRX

Previous Close

$19.35

  Intrinsic Value

$2.44

stock screener

  Rating & Target

str. sell

-87%

  Value-price divergence*

+27%

Previous close

$19.35

 
Intrinsic value

$2.44

 
Up/down potential

-87%

 
Rating

str. sell

 
Value-price divergence*

+27%

Our model is not good at valuating stocks of financial companies, such as BRX.

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of BRX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 5.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  0.79
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  1,276
  1,302
  1,331
  1,366
  1,404
  1,447
  1,493
  1,544
  1,599
  1,659
  1,722
  1,790
  1,863
  1,940
  2,023
  2,110
  2,202
  2,300
  2,404
  2,513
  2,628
  2,750
  2,879
  3,014
  3,157
  3,307
  3,465
  3,632
  3,807
  3,992
  4,186
Variable operating expenses, $m
 
  860
  880
  903
  928
  956
  987
  1,021
  1,057
  1,096
  1,138
  1,183
  1,231
  1,283
  1,337
  1,395
  1,456
  1,520
  1,589
  1,661
  1,737
  1,818
  1,903
  1,992
  2,087
  2,186
  2,291
  2,401
  2,517
  2,639
  2,767
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  803
  860
  880
  903
  928
  956
  987
  1,021
  1,057
  1,096
  1,138
  1,183
  1,231
  1,283
  1,337
  1,395
  1,456
  1,520
  1,589
  1,661
  1,737
  1,818
  1,903
  1,992
  2,087
  2,186
  2,291
  2,401
  2,517
  2,639
  2,767
Operating income, $m
  473
  441
  451
  463
  476
  490
  506
  523
  542
  562
  584
  607
  632
  658
  686
  715
  747
  780
  815
  852
  891
  932
  976
  1,022
  1,070
  1,121
  1,175
  1,231
  1,291
  1,353
  1,419
EBITDA, $m
  860
  836
  856
  878
  902
  930
  960
  992
  1,028
  1,066
  1,107
  1,150
  1,197
  1,247
  1,300
  1,356
  1,415
  1,478
  1,544
  1,615
  1,689
  1,767
  1,850
  1,937
  2,028
  2,125
  2,227
  2,334
  2,446
  2,565
  2,689
Interest expense (income), $m
  228
  228
  232
  238
  245
  252
  260
  269
  279
  290
  302
  314
  327
  342
  357
  373
  390
  408
  427
  447
  468
  491
  515
  540
  566
  594
  623
  654
  686
  721
  757
Earnings before tax, $m
  278
  213
  219
  225
  231
  238
  246
  254
  263
  272
  282
  293
  304
  316
  329
  343
  357
  372
  388
  405
  423
  442
  461
  482
  504
  527
  552
  577
  604
  633
  662
Tax expense, $m
  0
  58
  59
  61
  62
  64
  66
  69
  71
  73
  76
  79
  82
  85
  89
  92
  96
  100
  105
  109
  114
  119
  125
  130
  136
  142
  149
  156
  163
  171
  179
Net income, $m
  276
  156
  160
  164
  169
  174
  180
  185
  192
  199
  206
  214
  222
  231
  240
  250
  261
  272
  283
  296
  309
  322
  337
  352
  368
  385
  403
  421
  441
  462
  483

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  51
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  9,320
  9,431
  9,648
  9,896
  10,175
  10,483
  10,821
  11,190
  11,589
  12,019
  12,480
  12,973
  13,500
  14,061
  14,656
  15,289
  15,959
  16,668
  17,418
  18,210
  19,047
  19,930
  20,861
  21,842
  22,876
  23,966
  25,112
  26,319
  27,589
  28,925
  30,331
Adjusted assets (=assets-cash), $m
  9,269
  9,431
  9,648
  9,896
  10,175
  10,483
  10,821
  11,190
  11,589
  12,019
  12,480
  12,973
  13,500
  14,061
  14,656
  15,289
  15,959
  16,668
  17,418
  18,210
  19,047
  19,930
  20,861
  21,842
  22,876
  23,966
  25,112
  26,319
  27,589
  28,925
  30,331
Revenue / Adjusted assets
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
  0.138
Average production assets, $m
  8,947
  9,126
  9,336
  9,576
  9,845
  10,144
  10,471
  10,828
  11,214
  11,630
  12,076
  12,554
  13,063
  13,606
  14,182
  14,794
  15,442
  16,129
  16,854
  17,621
  18,431
  19,285
  20,186
  21,136
  22,137
  23,190
  24,300
  25,468
  26,697
  27,990
  29,350
Working capital, $m
  0
  -52
  -53
  -55
  -56
  -58
  -60
  -62
  -64
  -66
  -69
  -72
  -75
  -78
  -81
  -84
  -88
  -92
  -96
  -101
  -105
  -110
  -115
  -121
  -126
  -132
  -139
  -145
  -152
  -160
  -167
Total debt, $m
  5,839
  5,950
  6,099
  6,270
  6,462
  6,675
  6,909
  7,163
  7,438
  7,735
  8,053
  8,394
  8,757
  9,144
  9,555
  9,991
  10,453
  10,943
  11,460
  12,007
  12,584
  13,194
  13,836
  14,513
  15,227
  15,978
  16,769
  17,602
  18,479
  19,400
  20,370
Total liabilities, $m
  6,397
  6,508
  6,657
  6,828
  7,020
  7,233
  7,467
  7,721
  7,996
  8,293
  8,611
  8,952
  9,315
  9,702
  10,113
  10,549
  11,011
  11,501
  12,018
  12,565
  13,142
  13,752
  14,394
  15,071
  15,785
  16,536
  17,327
  18,160
  19,037
  19,958
  20,928
Total equity, $m
  2,923
  2,924
  2,991
  3,068
  3,154
  3,250
  3,355
  3,469
  3,593
  3,726
  3,869
  4,022
  4,185
  4,359
  4,543
  4,739
  4,947
  5,167
  5,400
  5,645
  5,905
  6,178
  6,467
  6,771
  7,092
  7,429
  7,785
  8,159
  8,553
  8,967
  9,403
Total liabilities and equity, $m
  9,320
  9,432
  9,648
  9,896
  10,174
  10,483
  10,822
  11,190
  11,589
  12,019
  12,480
  12,974
  13,500
  14,061
  14,656
  15,288
  15,958
  16,668
  17,418
  18,210
  19,047
  19,930
  20,861
  21,842
  22,877
  23,965
  25,112
  26,319
  27,590
  28,925
  30,331
Debt-to-equity ratio
  1.998
  2.030
  2.040
  2.040
  2.050
  2.050
  2.060
  2.060
  2.070
  2.080
  2.080
  2.090
  2.090
  2.100
  2.100
  2.110
  2.110
  2.120
  2.120
  2.130
  2.130
  2.140
  2.140
  2.140
  2.150
  2.150
  2.150
  2.160
  2.160
  2.160
  2.170
Adjusted equity ratio
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310
  0.310

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  276
  156
  160
  164
  169
  174
  180
  185
  192
  199
  206
  214
  222
  231
  240
  250
  261
  272
  283
  296
  309
  322
  337
  352
  368
  385
  403
  421
  441
  462
  483
Depreciation, amort., depletion, $m
  387
  395
  404
  415
  426
  439
  453
  469
  485
  503
  523
  543
  566
  589
  614
  640
  669
  698
  730
  763
  798
  835
  874
  915
  958
  1,004
  1,052
  1,103
  1,156
  1,212
  1,271
Funds from operations, $m
  528
  551
  564
  579
  595
  613
  633
  654
  677
  702
  729
  757
  788
  820
  854
  891
  929
  970
  1,013
  1,058
  1,107
  1,157
  1,211
  1,267
  1,326
  1,389
  1,455
  1,524
  1,597
  1,673
  1,754
Change in working capital, $m
  -39
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
Cash from operations, $m
  567
  552
  565
  580
  597
  615
  635
  656
  680
  705
  731
  760
  790
  823
  857
  894
  933
  974
  1,017
  1,063
  1,111
  1,162
  1,216
  1,272
  1,332
  1,395
  1,461
  1,531
  1,604
  1,681
  1,762
Maintenance CAPEX, $m
  0
  -387
  -395
  -404
  -415
  -426
  -439
  -453
  -469
  -485
  -503
  -523
  -543
  -566
  -589
  -614
  -640
  -669
  -698
  -730
  -763
  -798
  -835
  -874
  -915
  -958
  -1,004
  -1,052
  -1,103
  -1,156
  -1,212
New CAPEX, $m
  -239
  -179
  -210
  -240
  -269
  -298
  -328
  -357
  -386
  -416
  -446
  -477
  -510
  -542
  -577
  -612
  -648
  -686
  -726
  -767
  -810
  -854
  -901
  -950
  -1,001
  -1,054
  -1,110
  -1,168
  -1,229
  -1,293
  -1,360
Cash from investing activities, $m
  -152
  -566
  -605
  -644
  -684
  -724
  -767
  -810
  -855
  -901
  -949
  -1,000
  -1,053
  -1,108
  -1,166
  -1,226
  -1,288
  -1,355
  -1,424
  -1,497
  -1,573
  -1,652
  -1,736
  -1,824
  -1,916
  -2,012
  -2,114
  -2,220
  -2,332
  -2,449
  -2,572
Free cash flow, $m
  415
  -15
  -40
  -64
  -87
  -110
  -132
  -154
  -175
  -197
  -218
  -240
  -262
  -285
  -308
  -332
  -356
  -381
  -407
  -434
  -461
  -490
  -520
  -551
  -584
  -617
  -653
  -689
  -728
  -768
  -810
Issuance/(repayment) of debt, $m
  -121
  111
  150
  171
  192
  213
  234
  254
  275
  297
  318
  340
  363
  387
  411
  436
  462
  489
  518
  547
  577
  609
  642
  677
  713
  751
  791
  833
  876
  922
  970
Issuance/(repurchase) of shares, $m
  -3
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -139
  111
  150
  171
  192
  213
  234
  254
  275
  297
  318
  340
  363
  387
  411
  436
  462
  489
  518
  547
  577
  609
  642
  677
  713
  751
  791
  833
  876
  922
  970
Total cash flow (excl. dividends), $m
  277
  96
  110
  107
  105
  103
  102
  101
  100
  100
  100
  100
  101
  102
  103
  105
  106
  108
  111
  113
  116
  119
  122
  126
  130
  134
  139
  144
  149
  154
  160
Retained Cash Flow (-), $m
  -53
  -52
  -67
  -77
  -86
  -96
  -105
  -114
  -124
  -133
  -143
  -153
  -163
  -174
  -185
  -196
  -208
  -220
  -233
  -246
  -259
  -274
  -289
  -304
  -321
  -338
  -355
  -374
  -394
  -414
  -436
Prev. year cash balance distribution, $m
 
  51
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  95
  43
  30
  19
  7
  -3
  -14
  -24
  -34
  -43
  -53
  -62
  -72
  -82
  -91
  -101
  -112
  -122
  -133
  -143
  -155
  -166
  -178
  -191
  -203
  -217
  -231
  -245
  -260
  -276
Discount rate, %
 
  10.40
  10.92
  11.47
  12.04
  12.64
  13.27
  13.94
  14.63
  15.37
  16.13
  16.94
  17.79
  18.68
  19.61
  20.59
  21.62
  22.70
  23.84
  25.03
  26.28
  27.59
  28.97
  30.42
  31.94
  33.54
  35.22
  36.98
  38.83
  40.77
  42.81
PV of cash for distribution, $m
 
  86
  35
  22
  12
  4
  -2
  -5
  -8
  -9
  -10
  -9
  -9
  -8
  -7
  -6
  -4
  -3
  -3
  -2
  -1
  -1
  -1
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Brixmor Property Group Inc. owns and operates various grocery-anchored community and neighborhood shopping centers in the United States. As of March 31, 2013, the company owned interests in 532 community and neighborhood shopping centers comprising 526 wholly owned community and neighborhood shopping centers; and 6 community and neighborhood shopping centers held through unconsolidated real estate joint ventures. Brixmor Property Group Inc. was formerly known as CENTRO SUPER RESIDUAL HOLDING 2 LLC. The company was incorporated in 2008 and is based in New York, New York.

FINANCIAL RATIOS  of  Brixmor Property Group (BRX)

Valuation Ratios
P/E Ratio 21.3
Price to Sales 4.6
Price to Book 2
Price to Tangible Book
Price to Cash Flow 10.4
Price to Free Cash Flow 18
Growth Rates
Sales Growth Rate 0.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -1.2%
Cap. Spend. - 3 Yr. Gr. Rate 8.8%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 199.8%
Total Debt to Equity 199.8%
Interest Coverage 2
Management Effectiveness
Return On Assets 5.4%
Ret/ On Assets - 3 Yr. Avg. 4.6%
Return On Total Capital 3.1%
Ret/ On T. Cap. - 3 Yr. Avg. 2.1%
Return On Equity 9.5%
Return On Equity - 3 Yr. Avg. 6.5%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 75.9%
Gross Margin - 3 Yr. Avg. 75.5%
EBITDA Margin 70%
EBITDA Margin - 3 Yr. Avg. 67.2%
Operating Margin 37.1%
Oper. Margin - 3 Yr. Avg. 33.9%
Pre-Tax Margin 21.8%
Pre-Tax Margin - 3 Yr. Avg. 15.4%
Net Profit Margin 21.6%
Net Profit Margin - 3 Yr. Avg. 14.7%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 106.9%

BRX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BRX stock intrinsic value calculation we used $1276 million for the last fiscal year's total revenue generated by Brixmor Property Group. The default revenue input number comes from 2016 income statement of Brixmor Property Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our BRX stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 10.4%, whose default value for BRX is calculated based on our internal credit rating of Brixmor Property Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Brixmor Property Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of BRX stock the variable cost ratio is equal to 66.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for BRX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.9% for Brixmor Property Group.

Corporate tax rate of 27% is the nominal tax rate for Brixmor Property Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the BRX stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for BRX are equal to 701.2%.

Life of production assets of 23.1 years is the average useful life of capital assets used in Brixmor Property Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for BRX is equal to -4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2923 million for Brixmor Property Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 299.74 million for Brixmor Property Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Brixmor Property Group at the current share price and the inputted number of shares is $5.8 billion.

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COMPANY NEWS

▶ Contrarian Play: Buy Strip Center REITs Over Malls   [Aug-14-17 11:54AM  Barrons.com]
▶ Brixmor reports 2Q results   [Jul-31-17 10:57PM  Associated Press]
▶ Amazon Proving The Power Of Bricks And Clicks   [Jun-16-17 09:16PM  Forbes]
▶ Brixmor Property Group Prices Offering Of Senior Notes   [May-31-17 04:32PM  PR Newswire]
▶ 6 Hot Unusual Volume Setups   [May-19-17 07:00AM  TheStreet.com]
▶ Brixmor reports 1Q results   [May-01-17 04:20PM  Associated Press]
▶ Brixmor Property Group Prices Offering Of Senior Notes   [Mar-01-17 05:03PM  PR Newswire]
▶ [$$] Seven REITs With Strong Earnings   [03:13PM  at Barrons.com]
▶ Should You Avoid Brookfield Infrastructure Partners L.P. (BIP)?   [Dec-15-16 05:58AM  at Insider Monkey]
▶ What This Metric Says about Brixmor Property Group Inc (BRX)   [Dec-02-16 12:59PM  at Insider Monkey]
▶ Brixmor Property Group Prices Offering Of Senior Notes   [Aug-15-16 04:15PM  PR Newswire]
▶ Brixmor Property Group Prices Secondary Offering   [Aug-11-16 08:36AM  PR Newswire]
▶ Brixmor Property Group Prices Secondary Offering   [Aug-01-16 10:22PM  PR Newswire]
Stock chart of BRX Financial statements of BRX
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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