v3.25.2
Earnings per Unit
 6 Months Ended
Jun. 30, 2025
Schedule of Earnings per Share [Line Items]  
Earnings per Unit Earnings per Share
Basic earnings per share ("EPS") is calculated by dividing net income attributable to the Company’s common stockholders, including any participating securities, by the weighted average number of shares outstanding for the period. Certain restricted shares issued pursuant to the Company’s share-based compensation program are considered participating securities, as such stockholders have rights to receive non-forfeitable dividends. Fully-diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into shares of common stock. Unvested RSUs are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the Company’s common stock.

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and six months ended June 30, 2025 and 2024 (dollars in thousands, except per share data):
Three Months Ended
June 30,		Six Months
Ended June 30,
2025202420252024
Computation of Basic Earnings Per Share:
Net income$85,146 $70,125 $154,883 $159,030 
Net income attributable to non-controlling interests(7)— (15)— 
Non-forfeitable dividends on unvested restricted shares(186)(184)(346)(343)
Net income attributable to the Company’s common stockholders for basic earnings per share$84,953 $69,941 $154,522 $158,687 
Weighted average number shares outstanding – basic306,975 302,197 306,923 302,120 
Basic earnings per share attributable to the Company’s common stockholders:
Net income per share$0.28 $0.23 $0.50 $0.53 
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share$84,953 $69,941 $154,522 $158,687 
Weighted average shares outstanding – basic306,975 302,197 306,923 302,120 
Effect of dilutive securities:
Equity awards634 706 624 676 
Weighted average shares outstanding – diluted307,609 302,903 307,547 302,796 
Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share$0.28 $0.23 $0.50 $0.52 
Brixmor Operating Partnership LP  
Schedule of Earnings per Share [Line Items]  
Earnings per Unit Earnings per Unit
Basic earnings per unit is calculated by dividing net income attributable to the Operating Partnership’s common unitholders, including any participating securities, by the weighted average number of partnership common units outstanding for the period. Certain restricted units issued pursuant to the Company’s share-based compensation program are considered participating securities, as such unitholders have rights to receive non-forfeitable dividends. Fully-diluted earnings per unit reflects the potential dilution that could occur if securities or other contracts to issue common units were exercised or converted into common units. Unvested RSUs are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the Operating Partnership’s common units.

The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the three and six months ended June 30, 2025 and 2024 (dollars in thousands, except per unit data):
Three Months Ended
June 30,		Six Months
Ended June 30,
2025202420252024
Computation of Basic Earnings Per Unit:
Net income$85,146 $70,125 $154,883 $159,030 
Net income attributable to non-controlling interests(7)— (15)— 
Non-forfeitable dividends on unvested restricted units(186)(184)(346)(343)
Net income attributable to the Operating Partnership’s common units for basic earnings per unit$84,953 $69,941 $154,522 $158,687 
Weighted average number common units outstanding – basic306,975 302,197 306,923 302,120 
Basic earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$0.28 $0.23 $0.50 $0.53 
Computation of Diluted Earnings Per Unit:
Net income attributable to the Operating Partnership’s common units for diluted earnings per unit$84,953 $69,941 $154,522 $158,687 
Weighted average common units outstanding – basic306,975 302,197 306,923 302,120 
Effect of dilutive securities:
Equity awards634 706 624 676 
Weighted average common units outstanding – diluted307,609 302,903 307,547 302,796 
Diluted earnings per unit attributable to the Operating Partnership’s common units:
Net income per unit$0.28 $0.23 $0.50 $0.52