Why Brixmor Property Group (BRX) Stock Is Down In After-Hours Trading

NEW YORK (TheStreet) -- Shares of Brixmor Property Group (BRX) are down -2.73% to $21.71 in after-hours trading on Monday after it announced a secondary offering of 25 million shares of common stock from certain selling stockholders affiliated with Blackstone Real Estate Partners.

Brixmor said it is not offering any shares of common stock in the offering and will not receive any proceeds from the sale.

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