05:02 PM EDT, 04/29/2024 (MT Newswires) -- Brixmor Property Group ( BRX ) late Monday reported Q1 funds from operations of $0.54 per diluted share, compared with $0.50 a year earlier.

Analysts polled by Capital IQ expected $0.51.

Revenue for the quarter ended March 31 was $320.2 million, up from $311.4 million a year earlier.

Analysts expected $312.6 million.

For 2024, the company now expects FFO of $2.08 to $2.11 per share, against $2.06 to $2.10 previously.

Analysts polled by Capital IQ were looking for $2.08.

Shares were up about 2% in after-hours trading.

Price: 22.59, Change: +0.44, Percent Change: +1.97