Is Brixmor Property Group, Inc. overvalued or undervalued?

As of 10 February 2025, Brixmor Property Group, Inc. has moved from expensive to fair in its valuation grade. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 24, a Price to Book Value of 2.73, and an EV to EBITDA of 9.12. In comparison to peers, Omega Healthcare Investors, Inc. has a higher P/E ratio at 26.03, while Federal Realty Investment Trust shows a similar valuation with a P/E of 25.64.
Despite the recent stock performance, where Brixmor's 3-year return of 30.89% lags behind the S&P 500's 70.41%, its long-term 5-year return of 121.48% exceeds the S&P 500's 96.61%. This suggests that while the stock may be fairly valued currently, it has demonstrated strong historical performance relative to the broader market.