Phillips Edison Earnings Reports

Phillips Edison & Company reported first quarter 2024 results, with net income attributable to stockholders of $17.7 million, or $0.14 per diluted share. The company affirmed its full year 2024 earnings guidance. Same-center NOI increased by 3.7%.

Phillips Edison & Company reported a net income of $13.5 million, or $0.11 per diluted share, for the fourth quarter of 2023. Nareit FFO increased by 6.0% to $74.8 million, or $0.56 per diluted share, and Core FFO increased by 4.9% to $77.9 million, or $0.58 per diluted share. The company increased its full year 2024 Nareit FFO and Core FFO guidance. Same-center NOI increased by 3.6%.

Phillips Edison & Company reported a net income of $12.2 million, or $0.10 per diluted share, for the third quarter of 2023. The company saw a 3.2% increase in same-center NOI and maintained a high leased portfolio occupancy of 97.8%.

Phillips Edison & Company reported a strong second quarter in 2023, with net income attributable to stockholders totaling $14.5 million, or $0.12 per diluted share. Same-center NOI increased by 5.3%, and the leased portfolio occupancy reached a record-high of 97.8%. The company raised its full year earnings guidance, reflecting confidence in continued performance.

Phillips Edison & Company reported a strong first quarter in 2023, marked by a 4.9% increase in same-center NOI and a record-high leased portfolio occupancy of 97.5%. The company acquired four Publix-anchored neighborhood shopping centers for $78.7 million and executed a forward-starting interest rate swap to manage interest rate exposure.

Phillips Edison & Company reported Q4 2022 results, featuring a net income of $13.7 million, or $0.12 per diluted share. Nareit FFO totaled $70.6 million, or $0.54 per diluted share and Core FFO totaled $74.3 million, or $0.56 per diluted share. Same-center NOI increased by 2.8% and leased portfolio occupancy reached a record 97.4%.

Phillips Edison & Company reported net income attributable to stockholders of $11.0 million, or $0.09 per diluted share, for the three months ended September 30, 2022. Nareit FFO totaled $72.0 million, or $0.55 per diluted share and Core FFO totaled $76.6 million, or $0.58 per diluted share. Same-center NOI increased 4.3% versus the third quarter ended September 30, 2021 and leased portfolio occupancy as of September 30, 2022 increased to a record-high 97.1%.

Phillips Edison & Company reported a net income attributable to stockholders of $13.5 million, or $0.12 per diluted share, for the three months ended June 30, 2022. The company achieved a record-high leased portfolio occupancy of 96.8% and increased same-center NOI by 4.3% compared to the second quarter of 2021. Given these accomplishments, the company is raising its guidance for Net Income, Core FFO, and same-center NOI.

Phillips Edison & Company reported net income attributable to stockholders of $10.1 million, or $0.09 per diluted share, for the three months ended March 31, 2022. The company achieved robust same-center NOI growth of 6.8%, executed leases with combined new and renewal lease spreads of 18.7%, and expanded its portfolio by acquiring over $100 million of grocery-anchored real estate. As a result, the company raised the low end of its guidance for 2022 Core FFO per share from $2.16 to $2.18 while reaffirming the high end of $2.24.

Phillips Edison & Company reported strong Q4 2021 results, with same-center NOI increasing 15.2% and leased portfolio occupancy reaching a record 96.3%. The company completed its debut public debt offering and is positioned for attractive external growth through acquisitions.

Phillips Edison & Company reported a net income of $14.6 million, core FFO of $66.4 million, and an increase in same-center NOI by 8.7% compared to the third quarter of 2020. The company also raised its full-year 2021 core FFO and same-center NOI growth guidance.

Phillips Edison & Company reported positive second-quarter 2021 results, marked by an 11.8% increase in total revenues to $133.1 million and a 24.3% increase in Core FFO to $64.3 million. The company successfully closed its IPO, raising $547 million, and experienced a 10.5% increase in same-center NOI.

Phillips Edison & Company reported a net loss of $12.8 million for the fourth quarter of 2020. Rent and recovery collections totaled over 95% of monthly billings. Leased portfolio occupancy totaled 94.7%. Core funds from operations (“Core FFO”) decreased 20.3% to $48.8 million.

Phillips Edison & Company reported a net income of $13.4 million for the third quarter of 2020. Rent and recovery collections reached 94% of monthly billings. The company intends to repurchase up to 4.5 million shares of common stock at $5.75 per share in December 2020 and resume monthly distribution in January 2021 at an annualized rate of $0.34 per share.