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 J ...

CINCINNATI, Feb. 12, 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 announced that its Board of Directors declared monthly dividend distributions of $0.1025 per share of the Company's common stock payable on April 1, 2025 and May 1, 2025 to stockholders of record as of March 17, 2025 and April 15, 2025, respectively. Operating partnership ...

CINCINNATI, Feb. 12, 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 announced that its Board of Directors declared monthly dividend distributions of $0.1025 per share of the Company’s common stock payable on April 1, 2025 and May 1, 2025 to stockholders of record as of March 17, 2025 and April 15, 2025, respectively. Operating partnership ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 001-40594 PHILLIPS EDISON & COMPANY, INC. (Exact name of registrant as specified in its charter) Maryland 27-1106076 (State o ...

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Financial Data and Key Metrics Changes - Phillips Edison & Company reported a core FFO per share growth of nearly 4% in 2024, which would have been 6% if adjusted for increased interest rates [8][43] - The fourth quarter NAREIT FFO increased to $83.8 million or $0.61 per diluted share, reflecting year-over-year per share growth of 8.9% [43] - The same-center NOI growth in the fourth quarter was 6.5% [43] Business Line Data and Key Metrics Changes - The company achieved comparable new rent spreads of 30.2% and renewal rent spreads of 20.8% in the fourth quarter [27][28] - Portfolio occupancy remained high at 98% leased, with anchor occupancy at 99% and in-line occupancy at 95% [30] - The average annual contractual rent bumps for new and renewal in-line leases were 2% and 3%, respectively [29] Market Data and Key Metrics Changes - The average three-mile trade area demographics include an average population of 67,000 and a median household income of $88,000, which is 12% higher than the US median [33] - The company has low exposure to distressed retailers, with the top ten neighbors on the watch list representing less than 2% of ABR [35] Company Strategy and Development Direction - The company aims to achieve $350 to $450 million in gross acquisitions in 2025, with a strong pipeline already in place [17][50] - Phillips Edison & Company focuses on acquiring neighborhood shopping centers anchored by top grocers, which drives consistent foot traffic and cash flow [11][12] - The company is committed to a disciplined acquisition strategy, targeting high-quality assets with better initial yields and growth opportunities [10][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong retailer demand and the ability to deliver mid to high single-digit core FFO and AFFO per share growth on a long-term basis [23][52] - The company anticipates that the actions taken in 2024 to improve merchandising and capture mark-to-market rent growth will be a slight headwind to 2025 growth [49] - Management noted that the overall demand environment and the health of in-line neighbors provide confidence in delivering strong growth in 2025 [42] Other Important Information - The company has approximately $948 million of liquidity to support acquisition plans and no meaningful maturities until 2027 [44] - The weighted average interest rate on debt is 4.3%, with 93% of total debt being fixed rate [46] Q&A Session Summary Question: How does the current tenant demand and external opportunities compare to last year? - Management feels more optimistic about the current year due to a larger pipeline of projects under contract compared to last year [56] Question: How is the company balancing high occupancy with tenant retention? - Management is taking a more aggressive approach to merchandising, which may temporarily lower occupancy but aims to improve long-term property value [60] Question: What role will dispositions play in funding acquisitions? - Dispositions will be considered selectively to ensure better returns on new acquisitions compared to sold assets [67] Question: What is the company's bad debt experience and outlook? - The bad debt experience in 2024 was around 75 basis points, with guidance for 2025 set at 60 to 120 basis points [75] Question: What are the plans for joint ventures and acquisitions? - Joint ventures are expected to represent about 10% of anticipated acquisitions, with ongoing discussions for more opportunities [109]

February 2025 Investor Presentation GROCERY CENTERED. COMMUNITY FOCUSED PECO | NASDAQ LISTED GROCERY CENTERED. COMMUNITY FOCUSED | 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 forwar ...

Phillips Edison & Company, Inc. (PECO) reported $173.05 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 12%. EPS of $0.62 for the same period compares to $0.11 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $170.91 million, representing a surprise of +1.25%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.62.While investors closely watch year-over-year changes in headline numbers -- revenue an ...

Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.58 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post FFO of $0.61 per share when it actually produced FFO of $0.62, delivering a surprise of 1.64%.Over the last four quarters, the company has surpassed consensus FFO estimates just once.Phillips Edi ...

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