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 ...

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 ...