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Side-by-side financial comparison of Brixmor Property Group Inc. (BRX) and Essex Property Trust (ESS). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $354.8M, roughly 1.4× Brixmor Property Group Inc.). Brixmor Property Group Inc. runs the higher net margin — 36.0% vs 17.9%, a 18.1% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs 5.1%). Over the past eight quarters, Brixmor Property Group Inc.'s revenue compounded faster (6.0% CAGR vs 6.0%).
Brixmor Property Group is a publicly traded real estate investment trust that invests in shopping centers.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
BRX vs ESS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $354.8M | $479.6M |
| Net Profit | $127.8M | $85.7M |
| Gross Margin | — | 70.0% |
| Operating Margin | 37.8% | 31.7% |
| Net Margin | 36.0% | 17.9% |
| Revenue YoY | 5.1% | 5.5% |
| Net Profit YoY | 83.2% | -71.6% |
| EPS (diluted) | $0.41 | $1.24 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $354.8M | — | ||
| Q4 25 | $353.8M | $479.6M | ||
| Q3 25 | $340.8M | $473.3M | ||
| Q2 25 | $339.5M | $469.8M | ||
| Q1 25 | $337.5M | $464.6M | ||
| Q4 24 | $328.4M | $454.5M | ||
| Q3 24 | $320.7M | $450.7M | ||
| Q2 24 | $315.7M | $442.4M |
| Q1 26 | $127.8M | — | ||
| Q4 25 | $137.1M | $85.7M | ||
| Q3 25 | $94.2M | $172.7M | ||
| Q2 25 | $85.1M | $231.5M | ||
| Q1 25 | $69.7M | $212.8M | ||
| Q4 24 | $83.4M | $301.7M | ||
| Q3 24 | $96.8M | $125.5M | ||
| Q2 24 | $70.1M | $99.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 70.0% | ||
| Q3 25 | — | 69.2% | ||
| Q2 25 | — | 70.7% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 69.5% | ||
| Q2 24 | — | 70.8% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | — | 31.7% | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | — | 59.5% | ||
| Q1 25 | — | 55.3% | ||
| Q4 24 | — | 67.0% | ||
| Q3 24 | — | 28.6% | ||
| Q2 24 | — | 31.1% |
| Q1 26 | 36.0% | — | ||
| Q4 25 | 38.8% | 17.9% | ||
| Q3 25 | 27.6% | 36.5% | ||
| Q2 25 | 25.1% | 49.3% | ||
| Q1 25 | 20.7% | 45.8% | ||
| Q4 24 | 25.4% | 66.4% | ||
| Q3 24 | 30.2% | 27.8% | ||
| Q2 24 | 22.2% | 22.4% |
| Q1 26 | $0.41 | — | ||
| Q4 25 | $0.43 | $1.24 | ||
| Q3 25 | $0.31 | $2.56 | ||
| Q2 25 | $0.28 | $3.44 | ||
| Q1 25 | $0.23 | $3.16 | ||
| Q4 24 | $0.27 | $4.00 | ||
| Q3 24 | $0.32 | $1.84 | ||
| Q2 24 | $0.23 | $1.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $323.9M | $76.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $5.5B |
| Total Assets | $9.1B | $13.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $323.9M | — | ||
| Q4 25 | $334.4M | $76.2M | ||
| Q3 25 | $331.5M | $66.0M | ||
| Q2 25 | $105.0M | $58.7M | ||
| Q1 25 | $106.5M | $98.7M | ||
| Q4 24 | $377.6M | $66.8M | ||
| Q3 24 | $451.3M | $71.3M | ||
| Q2 24 | $473.6M | $55.2M |
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.5B | $6.4B | ||
| Q2 25 | $5.1B | $6.4B | ||
| Q1 25 | $5.1B | $6.8B | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | $5.5B | ||
| Q3 25 | $3.0B | $5.6B | ||
| Q2 25 | $3.0B | $5.6B | ||
| Q1 25 | $3.0B | $5.6B | ||
| Q4 24 | $3.0B | $5.5B | ||
| Q3 24 | $2.9B | $5.4B | ||
| Q2 24 | $2.9B | $5.5B |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $13.2B | ||
| Q3 25 | $9.0B | $13.2B | ||
| Q2 25 | $8.6B | $13.2B | ||
| Q1 25 | $8.6B | $13.2B | ||
| Q4 24 | $8.9B | $12.9B | ||
| Q3 24 | $8.7B | $12.6B | ||
| Q2 24 | $8.7B | $12.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.83× | — | ||
| Q3 25 | 1.85× | 1.15× | ||
| Q2 25 | 1.73× | 1.14× | ||
| Q1 25 | 1.73× | 1.22× | ||
| Q4 24 | 1.79× | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.13× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $1.1B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 3.4% | — |
| Cash ConversionOCF / Net Profit | — | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $652.0M | $1.1B | ||
| Q3 25 | $168.3M | $342.6M | ||
| Q2 25 | $181.5M | $216.1M | ||
| Q1 25 | $130.1M | $281.5M | ||
| Q4 24 | $624.7M | $1.1B | ||
| Q3 24 | $157.5M | $316.2M | ||
| Q2 24 | $183.5M | $218.9M |
| Q1 26 | 3.4% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.75× | 12.53× | ||
| Q3 25 | 1.79× | 1.98× | ||
| Q2 25 | 2.13× | 0.93× | ||
| Q1 25 | 1.87× | 1.32× | ||
| Q4 24 | 7.49× | 3.54× | ||
| Q3 24 | 1.63× | 2.52× | ||
| Q2 24 | 2.62× | 2.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRX
| Rental income | $354.3M | 100% |
| Other revenues | $482.0K | 0% |
ESS
Segment breakdown not available.
