Exhibit 99.1

420 Lexington Avenue : New York, NY 10170 : 800.468.7526

FOR IMMEDIATE RELEASE

CONTACT:

Stacy Slater                            

Senior Vice President, Investor Relations            

800.468.7526                             

stacy.slater@brixmor.com

BRIXMOR PROPERTY GROUP REPORTS SECOND QUARTER 2015 RESULTS

•Increases Small Shop Occupancy by 150 Basis Points

•Achieves New Lease Rent Spreads of 50%

•Achieves Same Property NOI Growth of 3.6%

•Increases FFO per Share by 7%

•Board of Directors Now Majority Independent

NEW YORK, JULY 27, 2015 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its results of operations for the second quarter ended June 30, 2015.

Second Quarter 2015 Operating Results

		Three Months Ended
		6/30/2015			6/30/2014		Change
Percent leased		92.5%			92.5%		-
Percent leased: anchors (≥ 10K SF)		96.2%			97.0%		(80) basis points
Percent leased: small shop (< 10K SF)		83.6%			82.1%		+150 basis points
New lease average annualized base rent    (“ABR”) / SF		$15.89			$12.52		+26.9%
Total new and renewal lease ABR / SF		$12.49			$11.53		+8.3%
Total rent spread (cash)		16.1%			11.2%		+490 basis points
Portfolio ABR / SF		$12.31			$12.04		+2.2%

“With new lease ABR per square foot of $15.89, 29% above in-place rents, and rent spreads accelerating the past twelve months to reach over 16% this quarter, our investment proposition has never been more apparent. Our same property net operating income (“same property NOI”) growth of 3.6% underscores our outstanding internal growth and the significant mark-to-market opportunity in our portfolio. When combined with our Raising the Bar efforts, we are driving healthy operating fundamentals, with small shop occupancy gaining 150 basis points year-over-year and 40 basis points sequentially,” stated Michael Carroll, Chief Executive Officer.

Dividend

•	The Company’s Board of Directors declared a quarterly cash dividend of $0.225 per common share (equivalent to $0.90 per annum) for the third quarter of 2015.

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420 Lexington Avenue : New York, NY 10170 : 800.468.7526

•	The dividend is payable on October 15, 2015 to stockholders of record on October 5, 2015, representing an ex-dividend date of October 1, 2015.

Financial Highlights

FFO

•	For the three months ended June 30, 2015 and June 30, 2014, FFO attributable to stockholders and non-controlling interests convertible into common stock was $149.1 million, or $0.49 per diluted share and $140.1 million, or $0.46 per diluted share, respectively.

•	For the six months ended June 30, 2015 and June 30, 2014 (on an actual and pro forma basis), FFO attributable to stockholders and non-controlling interests convertible into common stock was $288.2 million, or $0.95 per diluted share and $272.7 million, or $0.90 per diluted share, respectively.

•

For the six months ended June 30, 2015, results include the impact of approximately $10.6 million, or ($0.03) per diluted share, of a $9.9 million non-cash, non-recurring charge related to compensation programs prior to the Company’s initial public offering that were based on the selling stockholders returns and $0.7 million of costs related to the prepayment of debt and property acquisition related expenses.  For the six months ended June 30, 2014 (on a pro forma basis), results include the impact of costs related to the prepayment of debt of $3.0 million, or ($0.01) per diluted share.

Net Income

•	For the three months ended June 30, 2015 and June 30, 2014, net income attributable to common stockholders was $54.1 million, or $0.18 per diluted share and $23.5 million, or $0.10 per diluted share, respectively.

•	For the six months ended June 30, 2015 and June 30, 2014 (on an actual and pro forma basis), net income attributable to common stockholders was $84.5 million, or $0.28 per diluted share and $38.9 million, or $0.17 per diluted share, respectively.

Same Property NOI

•	Same property NOI for the three months ended June 30, 2015 increased 3.6% from the comparable 2014 period due to growth in rental income driven by strong leasing spreads as the Company continues to harvest the below-market leases inherent in its portfolio, as well as from operating expense savings.

•	Same property NOI for the first six months of 2015 increased 3.5% from the comparable 2014 period.

Portfolio and Investment Activity

Anchor Space Repositioning / Redevelopment / Outparcel Development

•	During the second quarter, the Company completed seven anchor space repositioning projects and added eight anchor space repositioning projects and three outparcel development projects to its pipeline.

•	At June 30, 2015, the anchor space repositioning / outparcel development pipeline was comprised of 36 projects, the aggregate cost of which is expected to be approximately $93.6 million.

Acquisitions

In June 2015, the Company acquired three assets for an aggregate of $59.2 million totaling approximately 383,000 square feet of GLA. These acquisitions are summarized below:

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420 Lexington Avenue : New York, NY 10170 : 800.468.7526

•	On June 10, 2015, the Company acquired a 96,000 square foot Hobby Lobby building at Bardin Place Center, a shopping center owned by the Company and currently being re-anchored with WinCo Foods, in the Dallas, Texas market for approximately $9.3 million. The Company intends to further drive value at the center by downsizing the Hobby Lobby and remerchandising the remaining underutilized space;

•

On June 30, 2015, the Company acquired Webster Square Shopping Center, an 183,000 square foot shopping center in the Boston, Massachusetts market and anchored by Star Market (Albertsons) and Marshalls for approximately $32.0 million. The Company intends to add retail densification to the asset by developing new outparcels, while also marking-to-market below market rents within the property lease structure; and

•	On June 30, 2015, the Company acquired Larchmont Centre, a 104,000 square foot shopping center in the Philadelphia, Pennsylvania market and anchored by ShopRite for approximately $18.0 million, including approximately $7.0 million of assumed mortgage indebtedness. The Company intends to execute an expansion of the ShopRite grocer and drive occupancy with small shop leasing.

Dispositions

During the second quarter of 2015, the Company generated approximately $32.3 million of proceeds through the portfolio sale of three properties and two outparcels. Properties sold include:

•	A 63,000 square foot asset in Davenport, Iowa;

•	A 104,000 square foot asset in Portland, Maine;

•	An 115,000 square foot asset in Brenham, Texas; and

•	Two outparcels in Cleveland, Ohio.

During the first six months of 2015, the Company generated an aggregate of approximately $42.6 million of proceeds through asset sales consistent with the Company’s strategy of disposing of assets when growth has been maximized.

Capital Structure

•	As part of the Company’s ongoing program to reduce secured debt and increase financial flexibility, Brixmor repaid $330 million of secured borrowings during the quarter.

•	At June 30, 2015, the Company had increased its unencumbered asset pool to 56% of its properties from 40% at December 31, 2013.

Corporate Governance

•

On June 8, 2015, Gabrielle Sulzberger, a General Partner of Rustic Canyon/Fontis Partners, L.P., a private equity fund which she co-founded in 2005, and a director of Whole Foods Market, Inc., was appointed as an independent director to the Company’s board of directors. Ms. Sulzberger will also serve on the audit committee of the Board. She brings over ten years of retail experience in the grocery and diversified retail industries, complementing Brixmor’s position as the nation's largest owner of wholly owned grocery-anchored community and neighborhood shopping centers.

•

In addition, consistent with the Company’s and Board’s best-in-class governance practices, effective July 27, 2015, A.J. Agarwal, a Blackstone designee, has resigned from the Company’s board of directors.  As a result of this resignation, the Company’s Board has been reduced to nine directors, with only three Blackstone designees remaining on the Board.  The Company’s Board is now majority independent and fully compliant with NYSE

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420 Lexington Avenue : New York, NY 10170 : 800.468.7526

listing standards for Board constituency, earlier than the time frame required under NYSE transition rules for former controlled companies.

Guidance

•	The Company is affirming its previously provided expectations for 2015 earnings and portfolio metrics.

Connect With Brixmor

•	For additional information, please visit www.brixmor.com;

•	Follow Brixmor on Twitter at www.twitter.com/Brixmor

•	Find Brixmor on LinkedIn at www.linkedin.com/company/brixmor.

Pro Forma Results

Pro forma results reflect the distribution of 36 properties to certain investment funds affiliated with the Blackstone Group L.P. during the first quarter of 2014. The pro forma adjustments assume that the distribution of the properties was completed as of January 1, 2014 for the purpose of the unaudited pro forma consolidated statements of operations. A reconciliation of results of operations to actual results of operations is presented in the attached table.

Conference Call and Supplemental Information

The Company will host a teleconference on Tuesday, July 28, 2015 at 10:00 AM ET.   To participate, please dial 888.317.6003 (domestic) or 412.317.6061 (international) at least ten minutes prior to the scheduled start of the call (Passcode: 9653366).  The teleconference can also be accessed via a live webcast at www.brixmor.com in the Investors section. A replay of the teleconference will be available through midnight ET on August 12, 2015 by dialing 877.344.7529 (domestic) or 412.317.0088 (international) (Passcode: 10065720) or via the web through July 28, 2016 at www.brixmor.com in the Investors section.

The Company’s Supplemental Disclosure will be posted at www.brixmor.com in the Investors section. These materials are also available to all interested parties upon request to the Company at investorrelations@brixmor.com or 800.468.7526.

Non-GAAP Disclosures

FFO

FFO is a supplemental non-GAAP financial measure utilized to evaluate the operating performance of real estate companies. The National Association of Real Estate Investment Trusts (“NAREIT”) defines FFO as net income (loss) in accordance with GAAP excluding (i) gain (loss) on disposition of operating properties, and (ii) extraordinary items, plus (iii) depreciation and amortization of operating properties, (iv) impairment of operating properties and real estate equity investments, and (v) after adjustments for joint ventures calculated to reflect funds from operations on the same basis. FFO attributable to stockholders and non-controlling interests convertible into common stock is FFO as further adjusted to exclude net income (loss) attributable to non-controlling interests not convertible into common stock. The Company believes FFO attributable to stockholders and non-controlling interests convertible into common stock is a meaningful supplemental measure that is more reflective of its operating performance by excluding FFO attributable to non-controlling interests not convertible into common stock.

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420 Lexington Avenue : New York, NY 10170 : 800.468.7526

The Company presents FFO and FFO attributable to stockholders and non-controlling interests convertible into common stock as it considers them important supplemental measures of its operating performance and the Company believes they are frequently used by securities analysts, investors and other interested parties in the evaluation of REITs. FFO and FFO attributable to stockholders and non-controlling interests convertible into common stock should not be considered as alternatives to net income (determined in accordance with GAAP) as indicators of financial performance and are not alternatives to cash flow from operating activities (determined in accordance with GAAP) as measures of liquidity. Non-GAAP financial measures have limitations as they do not include all items of income and expense that affect operations and, accordingly, should always be considered as supplemental to financial results presented in accordance with GAAP. Computation of FFO and FFO attributable to stockholders and non-controlling interests convertible into common stock may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from FFO and FFO attributable to stockholders and non-controlling interests convertible into common stock are significant components in understanding and addressing financial performance. A reconciliation of FFO and FFO attributable to non-controlling interests not convertible into common stock to Net income is presented in the attached table.

Same Property NOI

Same property NOI is calculated (using properties owned as of the end of both reporting periods and for the entirety of both periods excluding properties classified as discontinued operations), as rental income (minimum rent, percentage rents, tenant recoveries and other property income) less rental operating expenses (property operating expenses, real estate taxes and bad debt expense) of the properties owned by Brixmor. Same property NOI excludes corporate level income (including transaction and other fees), lease termination income, straight-line rent and amortization of above-/below-market leases of the same property pool from the prior year reporting period to the current year reporting period.

Same property NOI is a supplemental, non-GAAP financial measure utilized to evaluate the operating performance of real estate companies and the Company believes it is frequently used by securities analysts, investors and other interested parties in understanding business and operating results regarding the underlying economics of Brixmor's business operations. It includes only the net operating income of properties owned for the full period presented, which eliminates disparities in net income due to the acquisition or disposition of properties during the period presented, and therefore, provides a more consistent metric for comparing the performance of properties. Management uses same property NOI to review operating results for comparative purposes with respect to previous periods or forecasts, and also to evaluate future prospects. Same property NOI is not intended to be a performance measure that should be regarded as an alternative to, or more meaningful than, net income (determined in accordance with GAAP) or other GAAP financial measures. Non-GAAP financial measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental to financial results presented in accordance with GAAP.  Computation of same property NOI may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to such other REITs. See page 12 of the Company’s Supplemental Disclosure for a reconciliation of Same property NOI to Net income attributable to common stockholders.

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420 Lexington Avenue : New York, NY 10170 : 800.468.7526

About Brixmor Property Group

Brixmor owns and operates the nation's largest wholly owned portfolio of grocery-anchored community and neighborhood shopping centers, with 519 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metro markets. Brixmor leverages its national footprint, local market knowledge and operational expertise to support the growth of its retail tenants. The Company is focused on maximizing the value of its portfolio through its ongoing “Raising the Bar” program which involves strategic leasing and anchor space repositioning / redevelopment initiatives. Headquartered in New York City, the Company is the largest landlord to The TJX Companies and The Kroger Company.

Safe Harbor Language

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

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CONSOLIDATED BALANCE SHEETS
Unaudited, dollars in thousands, except share information
					6/30/15				12/31/14
	Assets
		Real estate
			Land		$	2,008,601			$	2,000,415
			Buildings and improvements		8,870,376				8,801,834
					10,878,977				10,802,249
			Accumulated depreciation and amortization		(1,711,841		)		(1,549,234		)
		Real estate, net			9,167,136				9,253,015
		Investments in and advances to unconsolidated joint ventures			5,039				5,072
		Cash and cash equivalents			42,735				60,595
		Restricted cash			61,163				53,164
		Marketable securities			20,034				20,315
		Receivables, net of allowance for doubtful accounts of $13,435 and $14,070			169,359				182,424
		Deferred charges and prepaid expenses, net			97,923				94,269
		Other assets			14,115				13,059
	Total assets				$	9,577,504			$	9,681,913
	Liabilities
		Debt obligations, net			$	5,998,651			$	6,022,508
		Accounts payable, accrued expenses and other liabilities			636,610				679,102
	Total liabilities				6,635,261				6,701,610
	Equity
		Common stock, $0.01 par value; authorized 3,000,000,000 shares;
			298,488,602 and 296,552,142 shares outstanding		2,985				2,966
		Additional paid in capital			3,257,439				3,223,941
		Accumulated other comprehensive loss			(6,136		)		(4,435		)
		Distributions and accumulated losses			(369,194		)		(318,762		)
	Total stockholders' equity				2,885,094				2,903,710
		Non-controlling interests			57,149				76,593
	Total equity				2,942,243				2,980,303
	Total liabilities and equity				$	9,577,504			$	9,681,913

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CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited, dollars in thousands, except per share amounts
					Actual Results									Actual Results				Pro Forma					Actual Results
					Three Months Ended									Six Months Ended									Six Months
					6/30/15					6/30/14				6/30/15				6/30/14					Ended 6/30/14
	Revenues
		Rental income			$	244,030				$	239,987			$	487,600			$	477,154				$	477,154
		Expense reimbursements			65,512					65,655				135,266				134,251					134,251
		Other revenues			2,569					2,307				4,538				4,120					4,120
	Total revenues				312,111			—		307,949				627,404				615,525					615,525
	Operating expenses
		Operating costs			30,667					31,889				65,827				66,764					66,764
		Real estate taxes			43,974					43,812				88,163				88,246					88,246
		Depreciation and amortization			104,441					109,600				212,985				222,820					222,820
		Provision for doubtful accounts			2,525					2,980				5,020				5,846					5,846
		Impairment of real estate assets			—					—				807				—					—
		General and administrative			20,285					19,939				51,000				39,597					39,597
	Total operating expenses				201,892			—		208,220				423,802				423,273					423,273
	Other income (expense)
		Dividends and interest			90					159				184				267					267
		Interest expense			(62,158		)			(65,953		)		(124,722		)		(133,919		)			(133,919		)
		Gain on sale of real estate assets			9,224					—				9,224				378					378
		Gain (loss) on extinguishment of debt, net			493					(757		)		785				(3,033		)			(3,033		)
		Other			(2,811		)			(1,969		)		(2,995		)		(4,130		)			(4,130		)
	Total other expense				(55,162		)	—		(68,520		)		(117,524		)		(140,437		)			(140,437		)
	Income before equity in income of unconsolidated joint ventures				55,057					31,209				86,078				51,815					51,815
	Equity in income of unconsolidated joint ventures				110					71				225				204					136
	Gain on disposition of investments in unconsolidated joint ventures				—					—				—				—					1,820
	Income from continuing operations				55,167			—		31,280				86,303				52,019					53,771
	Discontinued operations
		Income from discontinued operations			—					18				—				54					4,841
		Gain on disposition of operating properties			—					—				—				—					14,426
	Income from discontinued operations				—					18				—				54					19,267
	Net income				55,167			—		31,298				86,303				52,073					73,038
	Net income attributable to non-controlling interests				(1,055		)			(7,825		)		(1,768		)		(13,172		)			(34,164		)
	Net income attributable to common stockholders				$	54,112				$	23,473			$	84,535			$	38,901				$	38,874
	Per common share:
		Income from continuing operations:
			Basic		$	0.18				$	0.10			$	0.28			$	0.17				$	0.17
			Diluted		$	0.18				$	0.10			$	0.28			$	0.17				$	0.17
		Net income attributable to common stockholders:
			Basic		$	0.18				$	0.10			$	0.28			$	0.17				$	0.17
			Diluted		$	0.18				$	0.10			$	0.28			$	0.17				$	0.17
		Weighted average shares:
			Basic		298,464					228,978				297,332				228,547					228,547
			Diluted		298,994					230,469				304,719				229,907					229,907

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RECONCILIATION OF NET INCOME TO FFO
Unaudited, dollars in thousands, except per share amounts
					Actual Results								Actual Results				Pro Forma					Actual Results
					Three Months Ended								Six Months Ended									Six Months
					6/30/15				6/30/14				6/30/15				6/30/14					Ended 6/30/14
	Net income				$	55,167			$	31,298			$	86,303			$	52,073				$	73,038
		Gain on disposition of operating properties			(9,224		)		—				(9,224		)		(378		)			(14,804		)
		Gain on disposition of unconsolidated joint ventures			—				—				—				—					(1,820		)
		Depreciation and amortization- real estate related- continuing     operations			103,087				109,007				210,277				221,544					221,544
		Depreciation and amortization- real estate related- discontinued     operations			—				66				—				114					545
		Depreciation and amortization- real estate related- unconsolidated     joint ventures			21				21				43				41					123
		Impairment of real estate assets			—				—				807				—					—
	FFO				149,051				140,392				288,206				273,394					278,626
		Adjustments attributable to non-controlling interests not convertible     into common stock			—				(322		)		—				(646		)			(5,878		)
	FFO attributable to stockholders and non-controlling interests convertible     into common stock				$	149,051			$	140,070			$	288,206			$	272,748				$	272,748
	FFO per share/OP Unit - diluted				$	0.49			$	0.46			$	0.95			$	0.90				$	0.90
	Weighted average shares/OP Units outstanding - basic and diluted (1)				304,826				304,390				304,730				304,253					304,253
	Items that impact FFO comparability
			Non-cash, non-recurring charge related to compensation programs     prior to the Company's IPO		$	—			$	—			$	(9,875	)		$	—				$	—
			Property acquisition expenses		(1,487		)		—				(1,487		)		—					—
			Gain (loss) on extinguishment of debt, net		493				(757		)		785				(3,033		)			3,041
		Total items that impact FFO comparability			$	(994	)		$	(757	)		$	(10,577	)		$	(3,033	)			$	3,041
		Items that impact FFO comparability, net per share			$	(0.00	)		$	(0.00	)		$	(0.03	)		$	(0.01	)			$	0.01
	Dividends declared per share/OP Unit				$	0.225			$	0.200			$	0.450			$	0.400				$	0.400
	Shares/OP Unit dividends declared				$	68,468			$	60,846			$	136,934			$	121,692				$	121,692
	Share/OP Unit dividend payout ratio (as % of FFO)				45.9		%		43.4		%		47.5		%		44.6		%			44.6		%
(1) Basic and diluted shares/OP Units outstanding reflects an assumed conversion of certain BPG Sub shares and OP Units to common stock of the Company and the vesting of certain restricted
stock awards.

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RECONCILIATION OF GAAP STATEMENTS OF OPERATIONS TO PRO FORMA
STATEMENTS OF OPERATIONS
Unaudited, dollars in thousands, except per share amounts
					Six Months Ended 6/30/14
					Actual Results				Adjustments (1)				Pro Forma
	Revenues
		Rental income			$	477,154			$	—			$	477,154
		Expense reimbursements			134,251				—				134,251
		Other revenues			4,120				—				4,120
	Total revenues				615,525				—				615,525
	Operating expenses
		Operating costs			66,764				—				66,764
		Real estate taxes			88,246				—				88,246
		Depreciation and amortization			222,820				—				222,820
		Provision for doubtful accounts			5,846				—				5,846
		General and administrative			39,597				—				39,597
	Total operating expenses				423,273				—				423,273
	Other income (expense)
		Dividends and interest			267				—				267
		Interest expense			(133,919		)		—				(133,919		)
		Gain on sale of real estate assets			378				—				378
		Loss on extinguishment of debt, net			(3,033		)		—				(3,033		)
		Other			(4,130		)		—				(4,130		)
	Total other expense				(140,437		)		—				(140,437		)
	Income before equity in income of unconsolidated joint ventures				51,815				—				51,815
	Equity in income of unconsolidated joint ventures				136				68				204
	Gain on disposition of investments in unconsolidated joint ventures				1,820				(1,820		)		—
	Income from continuing operations				53,771				(1,752		)		52,019
	Discontinued operations
		Income from discontinued operations			4,841				(4,787		)		54
		Gain on disposition of operating properties			14,426				(14,426		)		—
	Income from discontinued operations				19,267				(19,213		)		54
	Net income				73,038				(20,965		)		52,073
		Net income attributable to non-controlling interests			(34,164		)		20,992				(13,172		)
	Net income attributable to common stockholders				$	38,874			$	27			$	38,901
	Per common share:
		Income from continuing operations:
			Basic		$	0.17			$	—			$	0.17
			Diluted		$	0.17			$	—			$	0.17
		Net income attributable to common stockholders:
			Basic		$	0.17			$	—			$	0.17
			Diluted		$	0.17			$	—			$	0.17
		Weighted average number of vested common shares:
			Basic		228,547				—				228,547
			Diluted		229,907				—				229,907
(1) Reflects the impact associated with the distribution of 36 of the Excluded Properties during the first quarter of 2014. The pro forma adjustments assume that the distribution of the properties
was completed as of January 1, 2014.

	x