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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%.
Phillips Edison
Phillips Edison
Phillips Edison Revenue by Segment
Revenue by Segment
Rental Income Revenue
CapyFin.comFees and Management Income Revenue
CapyFin.comOther Property Income Revenue
CapyFin.com 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