Brixmor Operating Partnership LP

In addition to the other information in this Quarterly Report on Form 10-Q, the risks described in our Annual Report on Form 10-K filed for the year ended December 31, 2025, in Part I, Item 1A, Risk Factors, and in our other filings with the SEC should be carefully considered. These factors may materially affect our financial condition, operating results and cash flows. There have been no material changes to the risk factors relating to the Company disclosed in our Form 10-K for the year ended December 31, 2025, other than the following:

Risks Related to the Slate Transaction

The Slate Transaction subjects us to certain risks.

We expect the Slate Transaction to close in the first quarter of 2027. However, the consummation of the transaction is subject to a number of conditions, some of which are out of our control. If the Slate Transaction is not completed, we could be subject to a number of risks, including (i) the possibility that the failure to consummate the Slate Transaction subjects us to payment of transaction termination fees, (ii) our obligation to pay significant transaction-related expenses, and (iii) our failure to realize the potential benefits of the Slate Transaction, including the redevelopment opportunities. If we consummate the Slate Transaction, we will also be subject to additional risk, including the risk that there are unexpected liabilities and expenses associated with the acquisition of Slate, including with respect to its properties.

During the three months ended September 30, 2026, the Company did not repurchase any shares of its common stock. As of September 30, 2026, the Company's repurchase program had $400.0 million of available repurchase capacity.

None.

Not applicable.