Brixmor (NYSE:BRX), Piedmont (NYSE:PDM) and Sun Communities (NYSE:SUI): Three REIT Third Quarter Updates Compared

Sonal Goyal

28 October 2026 12:12 AM AEDT

Brixmor (NYSE:BRX), Piedmont (NYSE:PDM) and Sun Communities (NYSE:SUI): Three REIT Third Quarter Updates Compared

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

Brixmor reported Nareit FFO of $0.60 per share and raised its dividend 7.3% to $0.3300.
Piedmont released third quarter results and set a call for October 27 at 9:00 a.m. ET.
Sun Communities posted Core FFO of $2.35 per share and closed its UK sale for about $1.03 billion net.
All three companies reported on October 26, 2026.

Three real estate investment trusts issued third quarter 2026 updates on October 26: Brixmor Property Group Inc. (NYSE:BRX), Piedmont Realty Trust, Inc. (NYSE:PDM) and Sun Communities, Inc. (NYSE:SUI). Brixmor and Sun published detailed financial figures, while Piedmont announced the availability of its results and a conference call.

Brixmor (NYSE:BRX): FFO, Leasing and Dividend

Brixmor reported Nareit FFO of $184.6 million, or $0.60 per diluted share, versus $0.56 a year earlier, while net income was $0.28 per diluted share compared with $0.31. Same property NOI rose 6.6%, and total leased occupancy reached a record 95.6%. The company executed 1.6 million square feet of leases with comparable rent spreads of 25.3%.

The board raised the quarterly dividend 7.3% to $0.3300 per share, payable January 15, 2027. Brixmor set 2026 Nareit FFO guidance at $2.36 to $2.38 per share and has agreements with Everview Partners to acquire Slate Grocery REIT in a roughly $2.34 billion transaction expected to close in the first quarter of 2027.

Piedmont (NYSE:PDM): Results Release and Call

Piedmont said it released its third quarter 2026 financial and operational results, with the Earnings Release and Supplemental Information posted on its investor website. The notice did not include headline figures. A conference call and webcast is scheduled for October 27 at 9:00 a.m. ET, with replay access through November 10. The company describes itself as owning and operating approximately 16 million square feet of Class A office properties across major U.S. Sunbelt markets.

Sun Communities (NYSE:SUI): Core FFO and UK Sale

Sun reported Core FFO of $2.35 per share versus $2.28, and FFO of $2.27 per share. Net income was $1.00 per diluted share, or $1.07 from continuing operations. Same property NOI grew 3.6%, and blended MH and RV occupancy was 98.8%.

The company completed its UK business sale on September 22 for net proceeds of about $1.03 billion and repurchased 2.4 million shares for $293.3 million in the quarter. Core FFO guidance for 2026 is $6.97 to $7.05 per share, and preliminary 2027 rental rate increases are 5.4% for MH and 4.4% for annual RV.

Why This Could Matter

Each report relates to a different stated priority. Brixmor tied its figures to leasing pipeline growth, reinvestment and the Slate deal, Sun tied its results to deploying UK sale proceeds mainly into repurchases, and Piedmont pointed shareholders to its detailed release and call. Together they show how the reporting period's disclosures were delivered to investors.

Closing Summary

Brixmor and Sun reported higher FFO measures than a year earlier, with Brixmor announcing a dividend increase and Sun a completed divestiture, while Piedmont directed investors to its full release and call details.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.