What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2026-02-09 compared with 2025-02-10 · 21 added, 21 removed, 106 unchanged (28% of the section changed)

13 unchanged sentences

46 1,725,367 2.8 % 21,564 2.1 % 12.50

Dollar Tree Stores, Inc.

119 1,357,291 2.1 % 16,509 1.6 % 12.16

Publix Super Markets, Inc.

1 unchanged sentence

Ross Stores, Inc 50 1,246,499 2.0 % 16,422 1.6 % 13.17

Dollar Tree Stores, Inc.

108 1,253,821 2.0 % 15,868 1.5 % 12.66

Five Below, Inc.

4 unchanged sentences

L.A Fitness International, LLC 13 528,162 0.8 % 10,566 1.0 % 20.01

PetSmart, Inc.

27 587,611 0.9 % 10,121 1.0 % 17.22

Ulta Beauty, Inc.

39 423,324 0.7 % 10,509 1.0 % 24.82

PetSmart, Inc.

28 609,077 1.0 % 10,462 1.0 % 17.18

Albertson's Companies, Inc 14 749,018 1.2 % 9,875 0.9 % 13.18

Ahold Delhaize 15 797,807 1.2 % 9,031 0.9 % 11.32

Kohl's Corporation 14 1,051,137 1.6 % 8,763 0.9 % 8.34

PETCO Animal Supplies, Inc.

34 477,934 0.8 % 8,605 0.8 % 18.00

Ahold Delhaize 13 736,178 1.2 % 8,492 0.8 % 11.54

Kohl's Corporation 13 963,606 1.5 % 7,405 0.7 % 7.68

The Michaels Companies, Inc.

24 544,061 0.9 % 7,298 0.7 % 13.41

ALDI 20 616,530 1.0 % 5,913 0.6 % 9.59

Barnes & Noble, Inc.

18 352,382 0.6 % 6,115 0.6 % 17.35

JOANN Stores, Inc.

Sprouts Farmers Market, Inc.

9 245,212 0.4 % 6,076 0.6 % 24.78

Party City Holdco Inc.

Best Buy Co., Inc.

12 434,051 0.7 % 5,979 0.6 % 13.77

DICK's Sporting Goods, Inc.

17 369,005 0.6 % 5,912 0.6 % 16.02

TOP 20 RETAILERS 691 19,101,081 30.7 % $ 250,908 24.0 % $ 13.14

6 unchanged sentences

3 California 29 5,659,663 92.6 % 96.0 % 130,175 25.73 8.4 % 9.0 % 12.4 %

4 Pennsylvania 24 4,336,727 93.5 % 96.6 % 71,843 21.00 6.5 % 6.7 % 7.2 %

4 New York 27 3,442,455 88.4 % 94.3 % 75,798 23.96 7.8 % 5.4 % 7.3 %

5 Pennsylvania 22 4,211,974 95.2 % 98.1 % 74,637 22.21 6.3 % 6.7 % 7.2 %

6 Illinois 15 3,824,753 88.3 % 91.9 % 56,984 16.66 4.3 % 6.1 % 5.4 %

7 Georgia 26 3,598,171 93.3 % 94.9 % 48,161 14.62 7.2 % 5.6 % 4.8 %

7 New Jersey 16 2,789,796 91.6 % 93.8 % 48,117 19.54 4.6 % 4.5 % 4.6 %

8 Georgia 22 3,158,384 94.3 % 96.3 % 45,385 15.51 6.3 % 5.0 % 4.3 %

9 North Carolina 13 3,136,050 94.0 % 96.0 % 44,818 15.58 3.7 % 5.0 % 4.3 %

1 unchanged sentence

11 Ohio 13 2,489,723 87.6 % 90.8 % 32,023 17.00 3.7 % 4.0 % 3.0 %

12 Colorado 8 1,752,123 87.9 % 95.3 % 27,578 17.65 2.3 % 2.8 % 2.6 %

13 Connecticut 10 1,789,531 87.5 % 91.7 % 27,007 16.89 2.9 % 2.9 % 2.6 %

13 Tennessee 7 1,790,636 92.4 % 96.6 % 24,637 14.56 1.9 % 2.8 % 2.4 %

14 Massachusetts 11 1,657,165 94.8 % 96.0 % 25,379 17.76 3.2 % 2.6 % 2.4 %

15 Colorado 7 1,578,087 91.2 % 97.2 % 24,203 16.73 1.9 % 2.5 % 2.4 %

16 Kentucky 6 1,545,582 96.3 % 96.8 % 18,686 13.96 1.7 % 2.4 % 1.8 %

15 Tennessee 6 1,539,895 94.8 % 96.8 % 23,028 15.83 1.7 % 2.5 % 2.2 %

16 South Carolina 8 1,213,375 92.9 % 97.7 % 19,852 16.97 2.3 % 1.9 % 1.9 %

17 Kentucky 6 1,543,082 96.2 % 99.1 % 19,663 14.33 1.7 % 2.5 % 1.9 %

18 Minnesota 9 1,269,747 93.0 % 94.8 % 18,880 17.06 2.6 % 2.0 % 1.8 %

5 unchanged sentences

24 Missouri 3 423,933 87.9 % 88.6 % 4,291 11.53 0.9 % 0.7 % 0.4 %

25 Kansas 2 376,599 92.5 % 94.4 % 3,748 13.64 0.6 % 0.6 % 0.4 %

26 Alabama 1 398,701 73.1 % 73.1 % 3,355 11.87 0.3 % 0.6 % 0.3 %

25 Arizona 1 165,350 100.0 % 100.0 % 2,408 14.56 0.3 % 0.3 % 0.2 %

1 unchanged sentence

27 Vermont 1 223,314 93.5 % 93.5 % 2,088 10.00 0.3 % 0.4 % 0.2 %

28 Kansas 1 214,898 93.4 % 94.4 % 2,076 16.97 0.3 % 0.3 % 0.2 %

29 West Virginia 1 75,344 100.0 % 100.0 % 884 11.73 0.3 % 0.1 % 0.1 %

34 unchanged sentences

The foregoing general description of the characteristics of the leases of our Portfolio is not intended to describe all leases, and material variations in lease terms may exist.

We have a wholly owned captive insurance company, Brixmor Incap, LLC (“Incap”).

Incap underwrites the first layer of general liability insurance for the properties in our Portfolio.

We formed Incap as part of our overall risk management program to stabilize insurance costs, manage exposures, and recoup expenses through the function of the captive program.

Incap is capitalized in accordance with the applicable regulatory requirements.

We also maintain commercial liability, fire, extended coverage, earthquake, business interruption, and rental loss insurance covering all of the properties in our Portfolio.

We maintain commercial liability, fire, extended coverage, earthquake, business interruption, and rental loss insurance covering all of the properties in our Portfolio.

We select coverage specifications and insured limits which we believe to be appropriate given the relative risk of loss, the cost of coverage, industry practice, and the nature of the shopping centers in our Portfolio.

3 unchanged sentences

See "Risk Factors – Risks Related to Our Portfolio and Our Business – An uninsured property loss or a loss that exceeds the limits of our insurance policies could result in a loss of our investment or related revenue in those properties."

Additionally, we have a wholly owned captive insurance company, Brixmor Incap, LLC ("Incap").

Incap underwrites the first layer of general liability insurance for the properties in our Portfolio.

We formed Incap as part of our overall risk management program to stabilize insurance costs, manage exposures, and recoup expenses through the function of the captive program.

Incap is capitalized in accordance with the applicable regulatory requirements.

Legal Proceedings

3 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties