Correspondence 0001104659-24-059838 from Brixmor Property Group Inc. (BRX) (CIK 0001581068) (BRX)
Brixmor Property Group Inc. (BRX) (CIK 0001581068)
Date: May 10, 2024 · CIK: 0001581068 · Accession: 0001104659-24-059838
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-36160
Referenced dates: April 29, 2024
Letter
VIA EDGAR Division of Corporation Finance Office of Real Estate and Construction Attention: Mr. Ameen Hamady Brixmor Property Group Inc. Form 10-K for the year ended December 31, 2023 filed February 12, 2024 Form 8-K filed February 12, 2024 File No. 001-36160
Dear Mr. Hamady and Ms. Marrone:
On behalf of Brixmor Property Group Inc. (“Brixmor”), this letter is in response to your letter dated April 29, 2024, to Brixmor (the “Comment Letter”), relating to Brixmor’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and Brixmor’s Current Report on Form 8-K, each filed on February 12, 2024. The headings and numbered paragraphs of this letter correspond to the heading and paragraph numbers contained in the Comment Letter and, to facilitate your review, we have reproduced the text of the Staff’s comments in italics below.
Exhibit 99.2, page iv
1. We note your disclosure of net principal debt to adjusted EBITDA, which is a non-GAAP financial measure. Please revise to include the disclosures required by Item 10(e) of Regulation S-K, including a reconciliation of the components of the ratio to the most comparable GAAP measures.
Response: Brixmor respectfully acknowledges the Staff’s comment and advises the Staff that in future earnings releases filed pursuant to Item 2.02 of Form 8-K that include the ratio of net principal debt to Adjusted EBITDA, Brixmor will include the disclosures required by Item 10(e) of Regulation S-K.
* * *
If the Staff should have any questions, or would like further information, concerning any of the responses above, please do not hesitate to contact the undersigned at (610) 834-7799. We thank you in advance for your attention to the above.
Sincerely,
/s/
Steven T. Gallagher
Show Raw Text
CORRESP
1
filename1.htm
450 Lexington Avenue : New York, NY 10017
: 800.468.7526
May 10, 2024
VIA EDGAR
Division of Corporation
Finance
Office of Real Estate and
Construction
U.S. Securities and Exchange
Commission
100 F Street, N.E.
Washington, D.C. 20549
Attention:
Mr. Ameen Hamady
Ms.
Kristina Marrone
Re:
Brixmor Property Group Inc.
Form 10-K for the year ended December 31, 2023 filed
February 12, 2024
Form 8-K filed February 12, 2024
File No. 001-36160
Dear Mr. Hamady and Ms.
Marrone:
On behalf
of Brixmor Property Group Inc. (“Brixmor”), this letter is in response to your letter dated April 29, 2024, to Brixmor (the
“Comment Letter”), relating to Brixmor’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and
Brixmor’s Current Report on Form 8-K, each filed on February 12, 2024. The headings and numbered paragraphs of this letter correspond
to the heading and paragraph numbers contained in the Comment Letter and, to facilitate your review, we have reproduced the text of the
Staff’s comments in italics below.
Exhibit 99.2, page
iv
1. We note your disclosure of net principal debt to adjusted EBITDA, which is a non-GAAP financial measure.
Please revise to include the disclosures required by Item 10(e) of Regulation S-K, including a reconciliation of the components of the
ratio to the most comparable GAAP measures.
Response: Brixmor
respectfully acknowledges the Staff’s comment and advises the Staff that in future earnings releases filed pursuant to Item 2.02
of Form 8-K that include the ratio of net principal debt to Adjusted EBITDA, Brixmor will include the disclosures required by Item 10(e)
of Regulation S-K.
* * *
If
the Staff should have any questions, or would like further information, concerning any of the responses above, please do not hesitate
to contact the undersigned at (610) 834-7799. We thank you in advance for your attention to the above.
Sincerely,
/s/
Steven T. Gallagher
SVP,
Chief Accounting Officer & Interim Chief Financial Officer
Brixmor
Property Group Inc.
cc:
Michael E. McTiernan, Hogan Lovells US LLP