Brixmor Property Group Inc. reported its second-quarter 2025 results, highlighting several key financial metrics. The company achieved a record small shop occupancy and the highest new lease average base rent $(ABR)$ in its history. For the three months ended June 30, 2025, Brixmor's net income attributable to the company was $0.28 per diluted share, compared to $0.23 per diluted share for the same period in 2024. For the six months ended June 30, 2025, net income was $0.50 per diluted share, slightly down from $0.52 per diluted share in the previous year. Significant developments during the quarter include a 3.8% increase in same property net operating income (NOI), with a significant contribution from base rent of 360 basis points. Brixmor reported Nareit Funds From Operations (FFO) of $171.5 million, or $0.56 per diluted share. The company also stabilized $18.2 million of reinvestment projects at an average incremental NOI yield of 14%, with a reinvestment pipeline totaling $374.3 million at an expected average incremental NOI yield of 10%. Additionally, Brixmor completed $22.4 million in dispositions and amended and restated its $1.75 billion unsecured credit facilities. The company also published its annual Corporate Responsibility Report. Looking ahead, Brixmor updated its 2025 guidance, revising Nareit FFO per diluted share expectations to a range of $2.22 - $2.25, up from the previous range of $2.19 - $2.24. It also adjusted its same property NOI growth expectations for 2025 to 3.90% - 4.30%, from the earlier forecast of 3.50% - 4.50%. Subsequent to the quarter, Brixmor completed acquisitions totaling $223.0 million and dispositions totaling $29.2 million.