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    Wells Fargo Analyst

    Managing Director and Senior Equity Analyst at Wells Fargo Securities, LLC

    Steven Cahall is a Managing Director and Senior Equity Analyst at Wells Fargo Securities, LLC, specializing in media, entertainment, and cable industries. He provides coverage on major companies such as Netflix, Disney, Warner Bros. Discovery, Paramount Global, and Comcast, and has been recognized for achieving a success rate near 70% with strong average returns for his stock recommendations according to tip-ranking platforms. Cahall began his equity research career at Bank of America Merrill Lynch in 2004 and later worked at RBC Capital Markets before joining Wells Fargo Securities in 2017. He holds FINRA Series 7, 63, 86, and 87 licenses and has frequently earned accolades in Institutional Investor's All-America Research Team rankings for his expertise and industry insight.

    Wells Fargo Analyst's questions to Brixmor Property Group (BRX) leadership

    Wells Fargo Analyst's questions to Brixmor Property Group (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.

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