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Mar 31, 2024
Phillips Edison Q1 2024 Earnings Report
Phillips Edison reported solid Q1 2024 results, driven by strong operating performance and increased same-center NOI.
Key Takeaways
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%.
Reported Nareit FFO of $80.1 million, or $0.59 per diluted share.
Reported Core FFO of $81.7 million, or $0.60 per diluted share.
Increased same-center NOI year-over-year by 3.7%.
Reported leased portfolio occupancy of 97.2%.
Revenue by Segment
Forward Guidance
PECO has updated its 2024 earnings guidance, which is based upon the Company’s current view of existing market conditions and assumptions for the year ending December 31, 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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