Brixmor Property Group Issues Annual Corporate Responsibility Report

NEW YORK, July 31, 2020 /PRNewswire/ — Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today the release…

NEW YORK, July 31, 2020 /PRNewswire/ — Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today the release of its annual Corporate Responsibility Report, which provides a comprehensive overview of the Company’s strategy to improve the environmental, social and economic well-being of its stakeholders and a measure of Brixmor’s progress for related initiatives.  This year’s report includes enhanced transparency related to the Company’s diversity and gender practices and metrics, as well as an overview of how Brixmor is responding to the COVID-19 health crisis, including support initiatives for its tenancy and communities.

Built on three pillars – culture, properties and stakeholders – the Company’s corporate social responsibility strategy serves as the foundation for all that it does.  Key recent achievements include:

  • Meeting and exceeding the Company’s 40 percent reduction target for like-for-like common area GHG emissions and electric use ahead of schedule, mostly a result of expediting its LED lighting program
  • Upgrading 75 percent of the portfolio to LED lighting, with a goal of 100 percent by 2025
  • Executing new solar developments at eight properties representing over four megawatts
  • Earning a Green Lease Leader Gold designation from the Institute for Market Transformation (IMT) and the U.S. Department of Energy’s (DOE) Better Buildings Alliance

“We believe in delivering sustainable growth through a relentless focus on the environmental, social and economic well-being of our employees, our tenants, our properties and the communities we serve,” said James Taylor, Chief Executive Officer and President. “The progress we’ve made towards these goals validates the hard work by our team to operate at the highest standards.”

To learn more and read the entire report, please visit https://www.brixmor.com/why-brixmor/corporate-responsibility.

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ABOUT BRIXMOR PROPERTY GROUP

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 400 retail centers comprise approximately 70 million square feet of prime retail space in established trade areas.  The Company strives to own and operate shopping centers that reflect Brixmor’s vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers.  Brixmor is a proud real estate partner to approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.

SAFE HARBOR LANGUAGE

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements.  You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov.  Currently, one of the most significant factors that could cause actual outcomes to differ materially from forward-looking statements is the potential adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the financial condition, operating results and cash flows of the Company, its tenants, the real estate market, the global economy and the financial markets. The extent to which the COVID-19 pandemic impacts the Company, its tenants, and consumer behavior and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others.  Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Brixmor Property Group Logo. (PRNewsFoto/Brixmor Property Group)

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SOURCE Brixmor Property Group Inc.