Phillips Edison & Company, Inc. (NASDAQ:PECO) Q2 2024 Earnings Conference Call July 26, 2024 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President John Caulfield - CFO Conference Call Participants Haendel St. Juste - Mizuho Caitlin Burrows - Goldman Sachs Jeffrey Spector - Bank of America Merrill Lynch Michael Mueller - JPMorgan Ronald Kamden - Morgan Stanley Todd Thomas - KeyBanc Capital Floris Gerbrand Van Dijkum - Compass Point Omotayo Okusanya - Deutsche Ba ...

Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.59 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to FFO of $0.59 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus FFO estimates just once. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on ma ...

3 Table of Contents INTRODUCTORY NOTES F I N A N C I A L R E S U L T S E a r nin g s R ele a s e O v e r vie w o f R e s ult s F I N A N C I A L S U M M A RY C o n s olid a t e d B ala n c e S h e e t s C o n s olid a t e d S t a t e m e n t s o f O p e r a tio n s C o n s olid a t e d S t a t e m e n t s o f O p e r a tio n s ( Q u a r t e rly ) N a r eit F F O , C o r e F F O , a n d A d j u s t e d F F O N a r eit F F O , C o r e F F O , a n d A d j u s t e d F F O ( Q u a r t e rly ) E B I T D A r e M e ...

Hannah Harper, Manager of Investor Relations (513) 824-7122 hharper@phillipsedison.com L PHILLIPS EDISON & COMPANY Highlights for the Second Quarter Ended June 30, 2024 Jeff Edison, Chairman and Chief Executive Officer of PECO stated: "The PECO team delivered another solid quarter of growth and market-leading operating metrics. Year to date, same-center NOI increased by 2.8%, Nareit FFO increased 4.1% and Core FFO increased 3.7%. The continued strength of our operating performance is attributable to our dif ...

Total equity Total liabilities and equity Accordingly, Nareit FFO and Core FFO should be reviewed in connection with other GAAP measurements, and should not be viewed as more prominent measures of performance than net income (loss) or cash flows from operations prepared in accordance with GAAP. The Company's Nareit FFO and Core FFO, as presented, may not be comparable to amounts calculated by other REITs. (1) Realized performance income includes fees received related to the achievement of certain performanc ...

Connect with PECO: For additional information, please visit https://www.phillipsedison.com/ Follow PECO on: Twitter at https://twitter.com/PhillipsEdison Facebook at https://www.facebook.com/phillipsedison.co Instagram at https://www.instagram.com/phillips.edison/; and Find PECO on LinkedIn at https://www.linkedin.com/company/phillipsedison&company About Phillips Edison & Company CINCINNATI, July 15, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (NASDAQ:PECO) ("PECO"), one of the nation's largest ...

CINCINNATI, July 15, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) ("PECO"), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, was honored June 20 at the 2024 Realcomm Conference in Tampa with a Digie Award. PECO was awarded for its achievements in integrating artificial intelligence into its business operations to create efficiencies, enhance productivity and collaboration and support growth initiatives. PECO's in-house developed A ...

CINCINNATI, July 01, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (NASDAQ:PECO) ("PECO" or the "Company"), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today announced that on June 25, 2024, its Board of Directors (the "Board") increased the size of the Board from nine to 10 members and appointed Devin Murphy to the Board, effective July 2, 2024. Mr. Murphy served as President of PECO from August 2019 until December 31, 2023. Prior to that, ...

CINCINNATI, July 01, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) ("PECO" or the "Company"), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today announced that on June 25, 2024, its Board of Directors (the "Board") increased the size of the Board from nine to 10 members and appointed Devin Murphy to the Board, effective July 2, 2024. Jeff Edison, Chairman and Chief Executive Officer stated, "We are excited to welcome Devin to P ...

Second Quarter 2024 Earnings Conference Call Details: A webcast replay will be available approximately one hour after the conclusion of the presentation using the same link. Webcasts are archived on PECO's Investor Relations website. For additional information, please visit https://www.phillipsedison.com/ Follow PECO on: Twitter at https://twitter.com/PhillipsEdison Facebook at https://www.facebook.com/phillipsedison.co Instagram at https://www.instagram.com/phillips.edison/; and Find PECO on LinkedIn at ht ...