Brixmor Property is taking back space held by troubled anchor tenants like Kmart and making the square footage more profitable, said the company's CEO Mike Carroll. Carroll added that the realignment is an opportunity for Brixmor to put space into better performing retailers like Dick's Sporting Goods and Michaels. He said Brixmor has been growing its funds from operations as a result of higher rents, high occupancy and less new mall development. Brixmor recently raised its dividend 12.5% and he has confidence in his business heading into the holiday season, as well as 2015.