Brixmor’s grocery-anchored shopping centers have been outperforming despite the recent worries in the retail space, says the company’s CEO Michael Carroll. In a relatively modest sales environment Brixmor has been doing quite well, says Carroll. Also helping Brixmor’s results is the fact that the company has little exposure to struggling department stores like JC Penney and Sears. Carroll says he plans to reinvest in his assets even as he delevers the balance sheet through buying back long-dated bonds.
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