Investing.com - Brixmor Property (NYSE:BRX) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Brixmor Property announced earnings per share of $0.49 on revenue of $304.75M. Analysts polled by Investing.com anticipated EPS of $0.20 on revenue of $300.68M.
Brixmor Property shares are down 58% from the beginning of the year, still down 21.04% from its 52 week high of $27.19 set on April 21.
Brixmor Property shares gained 4.98% in after-hours trade following the report.
Brixmor Property follows other major Real Estate sector earnings this month
Brixmor Property's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on Thursday with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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