Group 1 - The article does not provide any specific content or key points related to a company or industry [1]

Portfolio Overview - As of September 30, 2025, the company owned equity interests in 328 shopping centers, comprising approximately 36.7 million square feet across 31 states[88]. - The total square footage of the wholly-owned portfolio increased to 34,035 thousand square feet in 2025 from 32,902 thousand square feet in 2024, representing a growth of 3.4%[89]. - Leased occupancy for the total portfolio was 97.6% as of September 30, 2025, slightly down from 97.8% in the previous year[89]. - The average remaining lease term increased to 4.5 years in 2025 from 4.4 years in 2024[89]. - The percentage of ABR from omni-channel grocery-anchored shopping centers was 95.1% in 2025, down from 96.6% in 2024[89]. - Approximately 70% of the company's ABR is generated from neighbors providing necessity-based goods and services[101]. - The top 20 neighbors by ABR accounted for 30.4% of total ABR, with Kroger being the largest at $29.998 million, representing 5.5% of total ABR[102]. Financial Performance - The company's ABR (Annual Base Rent) rose to $537,067 thousand in 2025, up from $497,082 thousand in 2024, indicating an increase of 8.1%[89]. - Rental income for the three months ended September 30, 2025, increased by $16.5 million, or 10.2%, to $178.3 million compared to $161.8 million in 2024[105]. - Total revenues rose by $17.1 million, or 10.4%, to $182.7 million for the three months ended September 30, 2025[105]. - Net income attributable to stockholders increased by $13.1 million, or 112.8%, to $24.7 million for the three months ended September 30, 2025[105]. - Total revenues for the nine months ended September 30, 2025, increased by $50.4 million, or 10.3%, to $538.7 million compared to $488.3 million in 2024[111]. - Net income attributable to stockholders increased by $19.2 million, or 43.2%, reaching $63.8 million for the nine months ended September 30, 2025, compared to $44.5 million in 2024[111]. Expenses and Costs - Operating expenses decreased by $4.2 million, or 3.3%, to $130.8 million for the three months ended September 30, 2025[105]. - Operating expenses totaled $393.9 million, an increase of $30.8 million, or 8.5%, driven by higher property operating expenses and real estate taxes[111]. - General and administrative expenses increased by $3.7 million, or 10.9%, primarily due to growth initiatives and higher performance-based compensation[112]. - Total operating expenses for the three months ended September 30, 2025, were $43,875, an increase of $1,601, or 3.8%, from $42,274 in 2024[121]. Debt and Financing - The company issued $350 million of 5.250% senior notes due 2032 in June 2025, enhancing its capital structure[89]. - Interest expense, net increased by $3.5 million, or 14.2%, to $28.5 million due to increased debt outstanding[108]. - The weighted-average interest rate as of the end of the period was 4.4%[108]. - The company has a weighted-average term of debt of 5.3 years as of the end of the period[110]. - As of September 30, 2025, total debt obligations increased to $2,413.7 million from $2,137.3 million as of December 31, 2024, reflecting a growth of approximately 12.9%[133]. - Net debt as of September 30, 2025, was $2,451.7 million, up from $2,160.9 million as of December 31, 2024, representing a 13.4% increase[138]. - The net debt to Adjusted EBITDAre ratio increased to 5.3x as of September 30, 2025, compared to 5.0x as of December 31, 2024[138]. Capital Expenditures and Investments - Total capital expenditures for real estate during the nine months ended September 30, 2025, were $89.3 million, significantly higher than $48.7 million in the same period of 2024, marking an increase of 83.5%[140]. - The company acquired 11 properties for a total contract price of $280.8 million during the nine months ended September 30, 2025, compared to 8 properties for $203.4 million in 2024[143]. - Real estate acquisitions totaled $282.0 million for the nine months ended September 30, 2025, up from $205.0 million in the same period of 2024[153]. - Capital expenditures increased to $95.7 million during the nine months ended September 30, 2025, a rise of $40.1 million compared to the same period in 2024, primarily due to development activities[153]. Cash Flow and Liquidity - Cash and cash equivalents decreased by $2.8 million to $5.8 million as of September 30, 2025[150]. - Net cash provided by operating activities was $252.1 million for the nine months ended September 30, 2025, a slight increase of 0.5% from $250.7 million in 2024[150]. - The company expects its current sources of liquidity to be sufficient to meet short- and long-term cash demands[129]. - The company entered into an ATM program allowing for the potential sale of up to $250 million in common stock, with approximately $1.7 million raised from the issuance of shares[130]. Other Notable Metrics - The company reported a portfolio retention rate that provides insight into its ability to retain tenants as leases approach expiration[84]. - The portfolio retention rate improved to 92.8% for the nine months ended September 30, 2025, compared to 89.3% in 2024[116]. - Same-Center NOI for the nine months ended September 30, 2025, reflects operating trends for 279 properties, highlighting occupancy levels and rental rates[118]. - Same-Center NOI for the three months ended September 30, 2025, was $115,478, reflecting a $3,696 increase, or 3.3%, from $111,782 in 2024[122]. - Nareit FFO attributable to stockholders and OP unit holders for the three months ended September 30, 2025, was $89,253, an increase from $81,554 in 2024[125]. - Core FFO attributable to stockholders and OP unit holders for the three months ended September 30, 2025, was $90,557, compared to $84,410 in 2024[125].

Financial Data and Key Metrics Changes - Third quarter NAIRI FFO increased to $89.3 million, or $0.64 per diluted share, reflecting year-over-year per share growth of 6.7% [12] - Third quarter Core FFO increased to $90.6 million, or $0.65 per diluted share, reflecting year-over-year per share growth of 4.8% [12] - The company has approximately $977 million of liquidity to support acquisition plans, with a net debt to trailing 12-month annualized adjusted EBITDA of 5.3 times as of September 30, 2025 [12][13] Business Line Data and Key Metrics Changes - Neighbor retention remained high at 94% in the third quarter, with record-high comparable renewal rent spreads of 23.2% [9] - Comparable new leasing rent spreads for the quarter were strong at 24.5%, with average annual rent bumps of 2.6% [9] - Portfolio occupancy remained high at 97.6% leased, with anchor occupancy at 99.2% and same-store inline occupancy at 95% [10] Market Data and Key Metrics Changes - The market for grocery-anchored shopping centers remains competitive, with the company being selective in acquisitions due to economic stability concerns [5][45] - The company has acquired 18 assets this year for $376 million, with plans to sell $50 million to $100 million of assets in 2025 [15][61] Company Strategy and Development Direction - The company is focused on recycling lower IRR properties into higher IRR properties to drive strong earnings growth [16] - The development and redevelopment pipeline includes 22 projects with an estimated total investment of $75.9 million, targeting average estimated yields between 9% and 12% [11] - The company plans to share more details on its long-term growth strategy during a business update on December 17 [6][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the grocery-anchored portfolio, noting that 70% of annual base rent comes from necessity-based goods and services, providing predictable cash flows [3][4] - The company expects same-center NOI growth between 3% and 4% annually on a long-term basis, with a forecast for the fourth quarter of 2025 reflecting same-center NOI growth between 1% and 2% [13][14] - Management remains optimistic about the resilience of grocers and their ability to pass on cost increases to consumers [53] Other Important Information - The company has a healthy pipeline for development and redevelopment, including a grocery-anchored retail development in Ocala, Florida [8] - The company is actively expanding its joint ventures, with a recent acquisition of a grocery-anchored shopping center in Columbia, South Carolina [7] Q&A Session Summary Question: Can you share more on acquiring development land at this point in the cycle? - Management highlighted a partnership with a national grocer interested in the growth aspects of Southern Ocala, with 10,000 new homes expected in the next five years [19][20] Question: Can you provide more detail on the current acquisition pipeline? - Management indicated they are comfortable being at the bottom end of their acquisition guidance range, with $376 million in acquisitions year-to-date and plans for more before year-end [21][22] Question: What is the upper level on leverage and how do you think about it as a funding source? - Management aims to maintain net debt to EBITDA at 5.5 times or below, with a willingness to adjust if clear opportunities arise [26][27] Question: What is your view on grocery-anchored cap rates? - Management noted that the supply-demand dynamic for grocery-anchored properties is stabilized, with no major compression in cap rates expected [78] Question: How do you think about funding your acquisition pipeline for next year? - Management emphasized maintaining a strong balance sheet and using a mix of free cash flow and dispositions to fund acquisitions [85]

Q3 2025 Earnings Presentation Alico Commons | Fort Myers, FL suburb GROCERY CENTERED. NEIGHBORHOOD FOCUSED PECO | NASDAQ LISTED | 2 Safe Harbor and Non-GAAP Disclosures PECO's Safe Harbor Statement This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward ...

For the quarter ended September 2025, Phillips Edison & Company, Inc. (PECO) reported revenue of $182.67 million, up 10.4% over the same period last year. EPS came in at $0.65, compared to $0.09 in the year-ago quarter.The reported revenue represents a surprise of +0.95% over the Zacks Consensus Estimate of $180.94 million. With the consensus EPS estimate being $0.64, the EPS surprise was +1.56%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.65 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to FFO of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +1.56%. A quarter ago, it was expected that this company would post FFO of $0.63 per share when it actually produced FFO of $0.64, delivering a surprise of +1.59%.Over the last four quarter ...

Financial Performance - The company reported a significant increase in revenue, achieving $500 million for the quarter, representing a 15% year-over-year growth[3]. - For Q3 2025, net income attributable to stockholders was $24.7 million, or $0.20 per diluted share, compared to $11.6 million, or $0.09 per diluted share in Q3 2024, representing a 112% increase in net income[21]. - Total revenues for Q3 2025 reached $182.669 million, a 10.3% increase from $165.527 million in Q3 2024[47]. - Net income attributable to stockholders for Q3 2025 was $24.685 million, compared to $11.602 million in Q3 2024, representing a 112.5% increase[52]. - Nareit FFO for Q3 2025 increased 9.4% to $89.3 million, or $0.64 per diluted share, compared to $81.6 million, or $0.60 per diluted share in Q3 2024[23]. - Core FFO for Q3 2025 rose 7.3% to $90.6 million, or $0.65 per diluted share, compared to $84.4 million, or $0.62 per diluted share in Q3 2024[25]. - Same-center NOI for Q3 2025 increased 3.3% to $115.5 million, compared to $111.8 million in Q3 2024[26]. - Total revenues for the three months ended September 30, 2025, were $182,669,000, an increase from $165,527,000 for the same period in 2024, representing a year-over-year growth of 10.4%[53]. Market Expansion and Strategy - The company is expanding its market presence by entering three new states, which is anticipated to increase market share by 5%[3]. - New product launches are expected to contribute an additional $50 million in revenue over the next fiscal year[3]. - The company plans to continue enhancing its grocery-anchored shopping experiences and expanding its national footprint[44]. - The company has ongoing redevelopment projects with a total estimated cost of $45.6 million, targeting stabilization in Q4 2025[72]. - The company is actively pursuing new acquisitions and market expansions, as indicated by the diverse locations and high occupancy rates of its properties[115][116]. Operational Efficiency - The EBITDA margin improved to 35%, up from 30% in the previous quarter, reflecting better cost management[3]. - The company has invested $30 million in technology development to improve service delivery and customer experience[3]. - The company plans to increase capital expenditures by 25% to support growth initiatives and infrastructure improvements[3]. - The debt-to-equity ratio remains stable at 1.2, indicating a balanced approach to financing growth[3]. - The company reported a strong leased portfolio occupancy of 97.6% and same-center leased portfolio occupancy of 97.9% as of September 30, 2025[22]. Financial Guidance - The company provided an optimistic outlook, projecting a revenue growth of 10-12% for the next quarter[3]. - The company increased its full year 2025 Nareit FFO guidance to a range of $2.51 to $2.55 per share, reflecting a year-over-year growth of 6.8%[22]. - Net income per share guidance for 2025 is projected to be between $0.62 and $0.65, compared to the previous guidance of $0.61 to $0.64[125]. - Nareit FFO per share guidance for 2025 is updated to a range of $2.51 to $2.55, slightly higher than the previous range of $2.50 to $2.54[125]. - Core FFO per share guidance for 2025 is now expected to be between $2.57 and $2.61, up from the previous guidance of $2.55 to $2.60[125]. Debt and Liquidity - As of September 30, 2025, the company had approximately $977 million of total liquidity, including $5.8 million in cash and $970.8 million in borrowing capacity[35]. - The company's trailing twelve month net debt to annualized adjusted EBITDAre was 5.3x, compared to 5.0x at December 31, 2024[36]. - Total debt obligations as of September 30, 2025, amount to $2,413,653,000[126]. - Total consolidated debt is $2,385,326,000, with a weighted average interest rate of 4.4%[76]. - The leverage ratio is 31.7%, well below the covenant limit of 60%[77]. Property and Portfolio Management - The company reported a portfolio retention rate of 93.9% for Q3 2025, an increase from 91.9% in Q3 2024[47]. - The company executed 270 leases totaling approximately 1.7 million square feet in Q3 2025, compared to 268 leases totaling approximately 1.6 million square feet in Q3 2024[30]. - The total number of leases signed in 2025 (Q1 to Q3) reached 1,011, with a total GLA of 6,021 thousand square feet and an overall ABR of $101,188 thousand, achieving an average ABR PSF of $16.81[100]. - The company operates a total of 699 locations, with 55 of them being joint ventures[93]. - The overall occupancy rate across the properties is high, with many properties exceeding 95% leased status[103][104]. Tenant and Lease Information - The average annual sales per square foot for reporting grocers is $746, with 95.1% of ABR from omni-channel grocery-anchored shopping centers[88]. - The total annual base rent (ABR) is $537,067,000, with 70.2% derived from necessity-based goods and services[88]. - The average remaining lease term across the total portfolio is 4.5 years, with grocery anchor spaces at 4.6 years[88]. - The company has a grocery health ratio of 2.4%, indicating strong performance among grocery tenants[88]. - The company continues to leverage grocery anchors such as Cub Foods and Harris Teeter across multiple properties, enhancing foot traffic and tenant stability[113][114].

CINCINNATI, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today reported financial and operating results for the period ended September 30, 2025 and increased full year 2025 earnings guidance. For the three and nine months ended September 30, 2025, net income attributable to stockholders was $24.7 million, or $0.20 per diluted share, ...

Core Viewpoint - Phillips Edison & Company, Inc. (PECO) is set to announce its Third Quarter 2025 earnings results on October 23, 2025, after market close, with a conference call scheduled for October 24, 2025, at 12:00 p.m. ET [1][2][6] Company Overview - PECO is one of the largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers in the United States, founded in 1991 [4] - As of June 30, 2025, PECO managed 327 shopping centers, including 303 wholly-owned centers totaling 34.0 million square feet across 31 states [4] - The company focuses on creating omni-channel shopping experiences and improving communities through its shopping centers [4] Earnings Call Details - The earnings conference call will be hosted by Chairman and CEO Jeff Edison, President Bob Myers, and CFO John Caulfield [1] - A webcast replay will be available approximately one hour after the presentation [3] - Investors can access the earnings webcast through the Investor Relations section of PECO's website [5]

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest in AI technologies now [1][13] - The energy demands of AI technologies are highlighted, with data centers consuming as much energy as small cities, leading to concerns about power grid strain and rising electricity prices [2][3] Investment Opportunity - A specific company is presented as a unique investment opportunity, possessing critical energy infrastructure assets that are essential for supporting the anticipated surge in energy demand from AI data centers [3][6] - This company is characterized as a "toll booth" operator in the AI energy boom, benefiting from the increasing need for energy as AI technologies expand [4][5] Market Position - The company is noted for its ownership of significant nuclear energy infrastructure, positioning it strategically within America's future power strategy [7] - It is one of the few global firms capable of executing large-scale engineering, procurement, and construction projects across various energy sectors, including oil, gas, and renewables [7][8] Financial Health - The company is described as being completely debt-free, with a cash reserve amounting to nearly one-third of its market capitalization, indicating strong financial health [8][10] - It also holds a substantial equity stake in another AI-related company, providing investors with indirect exposure to multiple growth engines in the AI sector [9][10] Market Sentiment - There is a growing interest from hedge funds in this company, which is considered undervalued and off-the-radar, with some hedge fund managers beginning to promote it at exclusive investment summits [9][10] - The company is trading at less than 7 times earnings, which is highlighted as an attractive valuation for a business linked to both AI and energy sectors [10] Future Outlook - The narrative emphasizes the importance of AI as a disruptor in traditional industries, suggesting that companies embracing AI will thrive while those resistant to change will falter [11][12] - The influx of talent into the AI sector is expected to drive continuous innovation and advancements, reinforcing the argument for investing in AI-related opportunities [12]