Call Start: 10:00 January 1, 0000 10:58 AM ET

Brixmor Property Group, Inc. (NYSE:BRX)

Q1 2022 Earnings Conference Call

May 3, 2022, 10:00 AM ET

Company Participants

James M. Taylor – Chief Executive Officer and President

Angela Aman – Executive Vice President and Chief Financial Officer

Mark Horgan – Executive Vice President

Brian Finnegan – Executive Vice President, Chief Revenue Officer

Conference Call Participants

Craig Schmidt – Bank of America

Todd Thomas – KeyBanc Capital Markets

Christopher Perry – Citi

Juan Sanabria – BMO Capital Markets

Ki Bin Kim – Truist Securities

Greg McGinniss – Scotiabank

Michael Mueller – JP Morgan

Haendel Emmanuel St. Juste – Mizuho Securities

Anthony Powell – Barclays

Paulina Rojas Schmidt – Green Street

Samir Khanal – Evercore

Tammi Fique – Wells Fargo

Operator

Greetings and welcome to the Brixmor Property Group, First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded, it is now my pleasure to introduce your host Stacy Slater. Thank you Stacy, you may begin.

Stacy Slater

Thank you, Operator, and thank you all for joining Brixmor's first quarter conference call. With me on the call today are Jim Taylor, Chief Executive Officer and President, and Angela Aman, Executive Vice President and Chief Financial Officer, as well as Mark Horgan, Executive Vice President and Chief Investment Officer, and Brian Finnegan, Executive Vice President, Chief Revenue Officer, who will be available for Q&A. Before we begin, let me remind everyone that some of our comments today may contain forward-looking statements that are based on certain assumptions and are subject to inherent risks and uncertainties as described in our SEC filings, and actual future results may differ materially. We assume no obligation to update any forward-looking statements.

Also, we will refer today to certain non-GAAP financial measures. Further information regarding our use of these measures and reconciliations of these measures to our GAAP results are available in the earnings release and supplemental disclosure on the Investor Relations portion of our website. Given the number of participants on the call, we kindly ask that you limit your questions to one or two per person. If you have additional questions regarding the quarter, please re-queue. At this time, it's my pleasure to introduce Jim Taylor

James M. Taylor

Thank you, Stacy, and good morning, everyone. I'm pleased to report yet another strong quarter for Brixmor. It's a quarter that not only reflects the positive trends we're seeing in the open-air retail industry with record levels of tenant demand, increasing customer traffic, and limited new supply, but another quarter performance for Brixmor's in particular, that demonstrates the unique durability and momentum of our value-added plan.