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Dec 31, 2021
Phillips Edison Q4 2021 Earnings Report
Phillips Edison reported a net loss attributable to stockholders of $5.2 million, or $0.05 per diluted share, for the quarter ended December 31, 2021.
Key Takeaways
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.
Nareit FFO totaled $49.4 million, or $0.39 per diluted share.
Core FFO totaled $60.8 million, or $0.47 per diluted share.
Same-center NOI increased 15.2% versus the three months ended December 31, 2020.
Leased portfolio occupancy increased to a record 96.3%.
Revenue by Segment
Forward Guidance
The following guidance is based upon PECO’s current view of existing market conditions and assumptions for the year ending December 31, 2022.
Positive Outlook
- Net income per share $0.29 - $0.35
- Nareit FFO per share $2.05 - $2.12
- Core FFO per share $2.16 - $2.24
- Same-Center NOI growth 3.0% - 4.0%
- Acquisitions (net of dispositions) $300 - $400 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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