SEC Comment Letter 0000000000-24-004740 to Brixmor Operating Partnership LP (CIK 0001630031)
Brixmor Operating Partnership LP (CIK 0001630031)
Date: April 29, 2024 · CIK: 0001630031 · Accession: 0000000000-24-004740
AI Filing Summary & Sentiment
File numbers found in text: 001-36160
Letter
United States securities and exchange commission logo April 29, 2024 Steven Gallagher Chief Accounting Officer Brixmor Property Group Inc. 450 Lexington Avenue New York, NY 10017 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 Steven Gallagher: We have reviewed your filings and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe the comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. 8-K filed February 12, 2024 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. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Ameen Hamady at 202-551-3891 or Kristina Marrone at 202-551-3429 if you have questions regarding comments on the financial statements and related matters.
FirstName LastNameSteven Gallagher Comapany NameBrixmor Property Group Inc. April 29, 2024 Page 2 FirstName LastName Steven Gallagher Brixmor Property Group Inc. April 29, 2024 Page 2 Sincerely, Division of Corporation Finance Office of Real Estate & Construction
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United States securities and exchange commission logo
April 29, 2024
Steven Gallagher
Chief Accounting Officer
Brixmor Property Group Inc.
450 Lexington Avenue
New York, NY 10017
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 Steven Gallagher:
We have reviewed your filings and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe
the comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
8-K filed February 12, 2024
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.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Please contact Ameen Hamady at 202-551-3891 or Kristina Marrone at 202-551-3429 if
you have questions regarding comments on the financial statements and related matters.
FirstName LastNameSteven Gallagher
Comapany NameBrixmor Property Group Inc.
April 29, 2024 Page 2
FirstName LastName
Steven Gallagher
Brixmor Property Group Inc.
April 29, 2024
Page 2
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction