Wells Fargo Analyst's questions to Brixmor Property Group Inc (BRX) leadership • Q1 2025
Question
A Wells Fargo analyst asked for more details on the transaction market, inquiring about recent changes in the number and type of buyers, shifts in underwriting assumptions, and whether current conditions cause Brixmor to be more or less aggressive on its investment plans.
Answer
CIO Mark Horgan explained that Brixmor remains disciplined, seeking high-conviction deals with value-add potential, which can lead to lumpy investment activity. He noted that while the market has slowed recently for participants to assess volatility, strong demand for open-air retail persists, and capital sources have not pulled back but are simply taking more time to underwrite.