Slide 1: Brixmor Property Group ICSC Download May 2024
Brixmor Property Group ICSC Download May 2024
Slide 2: Brixmor Presenters
Brixmor Presenters Jim Taylor Brian Finnegan Steven Gallagher Chief Executive Officer & President SEVP, Chief Operating Officer SVP, Chief Accounting Officer & Interim Chief Financial Officer David Gerstenhaber Charles Davis SVP, Head of Leasing VP, Leasing This presentation may contain forward-look
Slide 3: Leasing Environment Heading Into ICSC
Leasing Environment Heading Into ICSC US Net Absorption vs. Net Deliveries ❯ New supply remains virtually non-existent and economics for new development remain prohibitive ❯ Retail vacancy rates at historic lows ❯ New store openings outpaced closings for the last three years and projected again in 2
Slide 4: 2024 ICSC RECon Recap
2024 ICSC RECon Recap Conference Takeaways ❯ Overall sentiment was positive throughout the convention ~25,000 attendees, up ~5% y/y ❯ Continued high demand for open-air retail space across a broad range of categories led • Record 950+ retail brands represented by specialty grocery, value apparel,
Slide 5: What We Heard
What We Heard We want to be in your center, let’s review We’re seeing positive results of new what you may get back over the next 12-24 formats we’ve tested which is broadening months and get creative to figure out how the types of centers we’re interested in we can best fit expanding with Brixmor i
Slide 6: Leasing Demand Remains High Across All Merchandise Categories
Leasing Demand Remains High Across All Merchandise Categories Percent of Total New Lease ABR by Merchandise Mix – TTM 1Q24 Restaurants Remaining 27% Health & Beauty 11% Services 1 3% 3% Home Decor 17% 6% 6% Fitness Other Retail 6% 11% 10% General Merchandise (Dept., Gift, etc.) Off-Price + Value App
Slide 7: Scan to Follow Brixmor on LinkedIn
Scan to Follow Brixmor on LinkedIn https://www.linkedin.com/company/brixmor Page 7