It was a good time to buy Phillips Edison & Company (NASDAQ: PECO ) back in November 2023, when the current yield stood above 3.7% and the growth outlook seemed robust enough to deliver strong total return performance. Since then, PECO has registered more thanFull time trader and investor. Instead of lengthy and boring articles, I prefer writing concise arguments about value stocks. My goal is to identify great entry levels. Prices that you can remember years later and say "it was a great time to buy". My f ...

CINCINNATI, Nov. 04, 2024 (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 virtual Business Update on Thursday, December 19, 2024 at 11:30 a.m. Eastern Time. The event will be webcast only. Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield will provide an update on the Company' ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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) | --- | --- | --- ...

Financial Data and Key Metrics Changes - Same center NOI increased by 3.2% [3] - Nareit FFO per share grew by 9.1% [3] - Core FFO per share increased by 6.9% [3] - NAREIT FFO for Q3 2024 was $81.6 million or $0.60 per diluted share, a 12.5% increase [18] - Core FFO for Q3 2024 was $84.4 million or $0.62 per diluted share, a 9.6% increase [18] - Year-to-date acquisitions totaled $211 million [6] Business Line Data and Key Metrics Changes - Portfolio occupancy ended at 97.8%, a sequential increase of 30 basis points [8] - Anchor occupancy increased to 99.4%, up 60 basis points [8] - Inline occupancy ended at 95% [8] - Comparable new rent spreads for Q3 were 55% [9] - Inline new rent spreads were 28.3% [9] - Renewal rent spreads increased by 19.8% [11] Market Data and Key Metrics Changes - PECO's centers experienced approximately 30,000 average trips per week, totaling nearly 500 million trips in the last 12 months [13] - The average population in PECO's three-mile trade area is 67,000, with a median household income of $87,000, which is 12% higher than the US median [14] - 70% of rent comes from necessity-based goods and services [14] Company Strategy and Development Direction - The company focuses on acquiring high-quality, grocery-anchored neighborhood shopping centers [4] - PECO aims to invest $40 million to $50 million annually in ground-up development and repositioning opportunities [17] - The company is optimistic about growth opportunities and plans to increase acquisition guidance to $275 million to $325 million for the year [6][20] Management's Comments on Operating Environment and Future Outlook - Management noted strong retailer demand with no signs of slowing down [7] - The company is well-positioned to take advantage of growth opportunities and has a strong balance sheet with no meaningful maturities until 2027 [6][19] - Management expects solid earnings growth in 2025 and beyond [6][19] Other Important Information - PECO acquired nine shopping centers and several land parcels year-to-date [6] - The company has a strong liquidity position with approximately $752 million available [18] - Management reaffirmed guidance for same-center NOI growth, indicating continued strong operating conditions [20] Q&A Session Summary Question: Can you talk about the acquisitions made during the quarter? - Management noted that they acquired six properties, with three anchored by King Soopers, Pete's, and Big Y, and highlighted the quality and development opportunities of these assets [24][25] Question: What are your views on the restaurant category? - Management observed that quick-service restaurants are performing well, with strong demand for new locations, while formal sit-down restaurants have been more volatile [27] Question: Can you provide details on bad debt? - Bad debt was reported at 86 basis points year-to-date, with management expressing confidence in the health of their tenants and the ability to re-lease spaces effectively [29][30] Question: What is the outlook for same-store NOI? - Management expects an acceleration in same-store NOI growth in the fourth quarter, driven by strong demand and recovery timing [32][33] Question: How are you planning to fund acquisitions? - Management indicated that they have over $750 million in liquidity and are comfortable funding upcoming acquisitions, considering equity if it is accretive [62]

October 2024 Investor Presentation PHILLIPS EDISON & COMPANY GROCERY CENTERED. COMMUNITY FOCUSED | 2 PECO | NASDAQ LISTED Safe Harbor and Non-GAAP Disclosures PECO's Safe Harbor Statement This presentation contains sertain forward-lookin gstatements with n the meaningof Section 27A of the Sequrites Act of 1933 as amended, and Section 21E of the Securities E intends such forward-looking statements to be covered by the safe harbor groward-coxings for forward-coxings toortained in the Pivats Securities Libagti ...

For the quarter ended September 2024, Phillips Edison & Company, Inc. (PECO) reported revenue of $165.53 million, up 8.6% over the same period last year. EPS came in at $0.62, compared to $0.10 in the year-ago quarter.The reported revenue represents a surprise of +0.07% over the Zacks Consensus Estimate of $165.41 million. With the consensus EPS estimate being $0.61, the EPS surprise was +1.64%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.62 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to FFO of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.64%. A quarter ago, it was expected that this company would post FFO of $0.60 per share when it actually produced FFO of $0.59, delivering a surprise of -1.67%.Over the last four quarters ...

PHILLIPS EDISON & COMPANY Nasdaq Listed THIRD QUARTER 2024 Supplemental Disclosure PET STILICALISE 129H AS N GROCERY CENTERED. COMMUNITY FOCUSED. Table of Contents INTRODUCTORY NOTES3 FINANCIALRESULTS EarningsRelease6 OverviewofResults11 FINANCIALSUMMARY ConsolidatedBalanceSheets13 ConsolidatedStatementsofOperations14 ConsolidatedStatementsofOperations(Quarterly)15 NareitFFO ,CoreFFO ,andAdjustedFFO16 NareitFFO ,CoreFFO ,andAdjustedFFO(Quarterly)17 EBITDAreMetrics18 EBITDAreMetrics(Quarterly)19 Same-CenterN ...

CINCINNATI, Oct. 24, 2024 (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, 2024 and updated full year 2024 earnings guidance. For the three and nine months ended September 30, 2024, net income attributable to stockholders was $11.6 million, or $0.09 per diluted share, and ...

CINCINNATI, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) ("PECO" or the "Company"), one of the nation's largest owners and operators of high-quality, groceryanchored neighborhood shopping centers, will announce its Third Quarter 2024 earnings results on Thursday, October 24, 2024, after the market closes. PECO's earnings release and supplemental information package will be posted on the Investor Relations section of the Company's website at https://investors.phillipsedis ...