Phillips Edison & Company (NasdaqGS:PECO) Earnings Call Presentation

Company Overview - PECO focuses on high-quality, grocery-anchored neighborhood shopping centers[6, 10] - The company has 303 wholly-owned shopping centers[5, 22] - Total enterprise value is $7.3 billion[7, 49] - 95% of ABR (Annual Base Rent) comes from grocery-anchored shopping centers[5, 11, 22] Financial Performance - Year-to-date same-center NOI (Net Operating Income) increased 4.1% to $229.6 million[14] - Net income attributable to stockholders was $39.1 million year-to-date[14] - Full year 2025 gross acquisition guidance is $350 million to $450 million, with $302 million acquired to date[14] Strategy and Operations - 70% of ABR comes from necessity-based goods and services[7, 11, 14] - Portfolio occupancy is 97% leased[5, 11, 14] - 85% of ABR is from 1 or 2 grocery anchor by sales[7, 11] Dividend and Returns - Current dividend yield is 3.7%[7, 26] - Current annualized dividend distribution is $1.30 per share[9, 26]