分组1 - Phillips Edison & Company reported quarterly funds from operations (FFO) of $0.65 per share, exceeding the Zacks Consensus Estimate of $0.63 per share, and up from $0.60 per share a year ago, representing an FFO surprise of 3.17% [1] - The company posted revenues of $178.31 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.35%, compared to year-ago revenues of $161.3 million [2] - Over the last four quarters, Phillips Edison & Company has surpassed consensus FFO estimates two times and topped consensus revenue estimates three times [2] 分组2 - The stock has lost about 4.5% since the beginning of the year, while the S&P 500 has declined by 8.6% [3] - The current consensus FFO estimate for the coming quarter is $0.64 on revenues of $176.24 million, and for the current fiscal year, it is $2.55 on revenues of $711.59 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Retail is currently in the top 30% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - The company reported a significant increase in revenue, achieving $X million, representing a Y% growth compared to the previous quarter[3]. - For the first quarter of 2025, net income attributable to stockholders was $26.3 million, or $0.21 per diluted share, compared to $17.7 million, or $0.14 per diluted share in Q1 2024, representing a 48.6% increase in net income[18][21]. - Nareit FFO for Q1 2025 was reported at $89.0 million, or $0.64 per diluted share, an increase of 11.2% from $80.1 million, or $0.59 per diluted share in Q1 2024[22][23]. - Core FFO for Q1 2025 was $90.8 million, or $0.65 per diluted share, also reflecting an 11.2% increase from $81.7 million, or $0.60 per diluted share in Q1 2024[24]. - The company reported a decrease in operational costs by I%, improving overall profitability margins[3]. - The company has set a performance guidance of F million for the next fiscal year, reflecting a G% increase from the current year[3]. - The company updated its 2025 earnings guidance, projecting net income per share between $0.58 and $0.63, and Nareit FFO per share between $2.47 and $2.54[37]. User Engagement and Activity - User data showed an increase in active users, reaching Z million, which is a W% increase year-over-year[3]. - The company provided an optimistic outlook for the next quarter, projecting revenue growth of A% and an increase in user engagement metrics[3]. - The company reported a significant increase in leasing activity, with several properties achieving over 95% occupancy in the last quarter[102]. Acquisitions and Investments - A strategic acquisition was completed, expected to enhance the company's market position and add E million in annual revenue[4]. - The company engaged in acquisition activity totaling $146,445 thousand in Q1, with a full-year target of $350,000 - $450,000 thousand[123]. - The company is investing D million in research and development for innovative technologies aimed at enhancing user experience[3]. - The company has several active capital projects with a total estimated cost of $46,875,000, targeting yields between 9% and 12%[75]. Property and Portfolio Management - The company executed 234 leases totaling approximately 1.5 million square feet in Q1 2025, with new leases showing a rent spread of 28.1% and renewal leases at 20.8%[28][29]. - The company has a total of 5,779 leases expiring, with 32,897 thousand square feet, representing 100% of leased GLA, and an average ABR of $15.94 PSF[101]. - The overall leased occupancy rate is 97.1%, with anchor spaces at 98.4% and inline spaces at 94.6%[93]. - The company has properties in multiple states, including Florida and Colorado, showcasing a broad market presence and potential for expansion[104][105]. Financial Guidance and Liquidity - The company has approximately $760 million in total liquidity, including $7.9 million in cash and $751.8 million in borrowing capacity on its revolving credit facility[33]. - Total liabilities amounted to $2,427,719,000, with debt obligations constituting $2,304,162,000[125]. - The company reported a net interest expense of $25,672,000 for the first quarter of 2025, compared to $23,335,000 in the same period of 2024, indicating an increase of about 10.0%[70]. Sustainability and Strategic Focus - The company is focusing on sustainability initiatives, allocating H million towards eco-friendly practices and technologies[3]. - The company is exploring potential partnerships to further expand its market reach and enhance service offerings[3]. - The company plans to continue its strategy of acquiring and developing properties in key markets to enhance its growth potential[102]. Market Position and Future Outlook - The company reported a total of 1,200,000 square feet of Gross Leasable Area (GLA) across various properties, with an average occupancy rate of 95.2%[106]. - Future strategies may include further market expansion and potential acquisitions to enhance portfolio diversity and revenue streams[104][105]. - The company is focused on maintaining high occupancy rates, with several properties exceeding 95% leased status, which is critical for revenue stability[104][105].

Core Viewpoint - Phillips Edison & Company, Inc. (PECO) reported strong financial results for Q1 2025, with net income of $26.3 million, or $0.21 per diluted share, reflecting a significant increase from the previous year [1][4]. Financial Results - Q1 2025 net income attributable to stockholders was $26.3 million, up from $17.7 million in Q1 2024 [4]. - Nareit FFO for Q1 2025 increased by 11.2% to $89.0 million, or $0.64 per diluted share, compared to $80.1 million, or $0.59 per diluted share in Q1 2024 [5]. - Core FFO for Q1 2025 also rose by 11.2% to $90.8 million, or $0.65 per diluted share, compared to $81.7 million, or $0.60 per diluted share in Q1 2024 [6]. Operational Highlights - Same-center NOI increased by 3.9% year-over-year to $115.1 million [8]. - The company reported a strong leased portfolio occupancy of 97.1% and same-center leased portfolio occupancy of 97.2% [7]. - Executed new leases at a rent spread of 28.1% and renewal leases at a rent spread of 20.8% during the quarter [7][11]. Portfolio Overview - As of March 31, 2025, PECO's portfolio consisted of 298 properties totaling approximately 33.5 million square feet across 31 states, an increase from 284 properties totaling 32.4 million square feet a year earlier [9]. - The company acquired six shopping centers for a total of $146.4 million and sold one for $24.9 million during the quarter [7][12]. Balance Sheet Highlights - As of March 31, 2025, PECO had approximately $760 million in total liquidity, including $7.9 million in cash and $751.8 million in borrowing capacity on its revolving credit facility [14]. - The company's net debt to annualized adjusted EBITDAre was 5.3x, compared to 5.0x at the end of 2024 [15]. 2025 Guidance - PECO affirmed its full-year 2025 earnings guidance, projecting Nareit FFO per share between $2.47 and $2.54, and Core FFO per share between $2.52 and $2.59 [18]. - The midpoint of full-year 2025 same-center NOI guidance represents a growth of 3.25% year-over-year [7].

Core Viewpoint - Phillips Edison & Company, Inc. (PECO) reported strong financial results for Q1 2025, with net income of $26.3 million, or $0.21 per diluted share, reflecting a significant increase from the previous year [1][4]. Financial Results - Net income attributable to stockholders for Q1 2025 was $26.3 million, up from $17.7 million in Q1 2024, representing a 48.6% increase [4]. - Nareit Funds from Operations (FFO) increased by 11.2% to $89.0 million, or $0.64 per diluted share, compared to $80.1 million, or $0.59 per diluted share, in Q1 2024 [5][7]. - Core FFO for Q1 2025 was $90.8 million, or $0.65 per diluted share, up from $81.7 million, or $0.60 per diluted share, in Q1 2024 [7]. Operational Highlights - Same-center Net Operating Income (NOI) increased by 3.9% to $115.1 million compared to $110.7 million in Q1 2024 [8]. - The company reported a strong leased portfolio occupancy of 97.1% and same-center leased portfolio occupancy of 97.2% as of March 31, 2025 [9]. - During Q1 2025, PECO executed 234 leases totaling approximately 1.5 million square feet, with new leases showing a rent spread of 28.1% and renewal leases at 20.8% [11][12]. Portfolio Activity - PECO acquired six shopping centers for a total of $146.4 million and sold one shopping center for $24.9 million during Q1 2025 [6][13]. - The company’s total portfolio consisted of 298 properties totaling approximately 33.5 million square feet as of March 31, 2025, compared to 284 properties totaling approximately 32.4 million square feet a year earlier [9]. Balance Sheet Highlights - As of March 31, 2025, PECO had approximately $760 million in total liquidity, including $7.9 million in cash and $751.8 million in borrowing capacity on its $1.0 billion revolving credit facility [17]. - The company’s net debt to annualized adjusted EBITDAre was 5.3x, compared to 5.0x at the end of 2024 [18]. 2025 Guidance - PECO affirmed its full-year 2025 earnings guidance, projecting Nareit FFO per share between $2.47 and $2.54, and Core FFO per share between $2.52 and $2.59 [21]. - The midpoint of full-year 2025 same-center NOI guidance represents a growth of 3.25% year-over-year [6].

Core Viewpoint - Phillips Edison & Company, Inc. (PECO) will host an ICSC Recap webcast on May 22, 2025, to discuss insights from the ICSC Las Vegas event and provide updates on the leasing environment [1][2]. Company Overview - PECO is one of the largest owners and operators of grocery-anchored neighborhood shopping centers in the United States, managing 321 shopping centers as of March 31, 2025, which includes 298 wholly-owned centers totaling 33.5 million square feet across 31 states [5]. - The company focuses on creating omni-channel shopping experiences and improving communities through its shopping centers, which feature a mix of national and regional retailers [5]. Event Details - The ICSC Recap webcast will take place on May 22, 2025, at 1:00 p.m. Eastern Time, and will include a live Q&A session [4]. - Key executives participating in the webcast include Chairman and CEO Jeff Edison, President Bob Myers, COO Joe Schlosser, and other senior leaders [2]. Industry Context - ICSC (International Council of Shopping Centers) is a member organization that promotes the shopping center industry, and the ICSC Las Vegas event is a significant annual gathering for dealmakers and industry experts [3].

Core Viewpoint - Phillips Edison & Company, Inc. (PECO) will host a webcast to recap its attendance at the ICSC Las Vegas event and provide updates on the current leasing environment [1][2]. Group 1: Webcast Details - The ICSC Recap webcast is scheduled for Thursday, May 22, 2025, at 1:00 p.m. Eastern Time [4]. - The webcast will include a live Q&A session and will be available for replay within 24 hours on the company's website [4]. Group 2: Company Overview - PECO is one of the largest owners and operators of grocery-anchored neighborhood shopping centers in the United States, managing 321 shopping centers as of March 31, 2025 [5]. - The company operates 298 wholly-owned centers, totaling 33.5 million square feet across 31 states, and has 23 centers owned in three institutional joint ventures [5]. - PECO's grocery anchors include major retailers such as Kroger, Publix, Albertsons, and Ahold Delhaize [5]. Group 3: Industry Context - ICSC is a key organization for the shopping center industry, hosting an annual event in Las Vegas that gathers dealmakers and industry experts [3]. - The event focuses on driving innovation and evolution in commercial real estate [3].

Core Viewpoint - Phillips Edison & Company, Inc. (PECO) is set to announce its First Quarter 2025 earnings results on April 24, 2025, after market close, with a conference call scheduled for April 25, 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 December 31, 2024, PECO managed 316 shopping centers, including 294 wholly-owned centers totaling 33.3 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 Conference 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] - The call can be accessed via a toll-free dial-in number and a toll dial-in number, with a specific conference ID provided [6]

Core Viewpoint - Phillips Edison & Company, Inc. (PECO) will participate in the Citi's 2025 Global Property CEO Conference, highlighting its position as a major player in the grocery-anchored neighborhood shopping center sector [1][2]. 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 December 31, 2024, PECO managed 316 shopping centers, including 294 wholly-owned centers totaling 33.3 million square feet across 31 states [4]. - The company features a mix of national and regional retailers, with top grocery anchors including Kroger, Publix, Albertsons, and Ahold Delhaize [4]. Presentation Details - The roundtable presentation will take place on March 4, 2025, from 4:20 p.m. to 4:55 p.m. ET, featuring Chairman and CEO Jeff Edison, President Bob Myers, and CFO John Caulfield [3]. - A webcast of the presentation will be available approximately one hour after its conclusion [3].

Core Points - Phillips Edison & Company, Inc. (PECO) is participating in the Citi's 2025 Global Property CEO Conference on March 4, 2025, at 4:20 p.m. ET [1] - The presentation will feature Chairman and CEO Jeff Edison, President Bob Myers, and CFO John Caulfield [2] - A webcast of the presentation will be available on the company's Investor Relations website [3] Company Overview - PECO is one of the largest owners and operators of grocery-anchored neighborhood shopping centers in the U.S., founded in 1991 [4] - As of December 31, 2024, PECO managed 316 shopping centers, including 294 wholly-owned centers totaling 33.3 million square feet across 31 states [4] - The company focuses on creating omni-channel shopping experiences and improving communities through its shopping centers [4]

CINCINNATI, Feb. 13, 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, will host a PECO GROW Update for financial advisors and retail investors on Tuesday, February 25, 2025, at 12:00 p.m. ET. During the webcast, PECO will discuss the business and answer questions from financial advisors and retail investors. Chairman and Chief Executive Officer Je ...