Phillips Edison & Company, Inc. ( (PECO) ) has released its Q2 earnings. Here is a breakdown of the information Phillips Edison & Company, Inc. presented to its investors.
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Phillips Edison & Company, Inc. (PECO) is one of the largest owners and operators of grocery-anchored neighborhood shopping centers in the United States, focusing on providing necessity-based goods and services through its extensive portfolio of well-occupied properties.
Phillips Edison & Company has reported its financial results for the second quarter of 2025, showcasing solid growth and performance. The company has also increased its full-year earnings guidance, reflecting its optimistic outlook for the remainder of the year.
The company’s net income attributable to stockholders for the second quarter was $12.8 million, or $0.10 per diluted share. The Nareit Funds from Operations (FFO) increased by 9.8% to $86.0 million, or $0.62 per diluted share, while Core FFO rose by 10.3% to $88.2 million, or $0.64 per diluted share. Additionally, PECO reported a strong leased portfolio occupancy rate of 97.4%, with significant rent spreads achieved on new and renewal leases.
Strategically, PECO acquired six shopping centers for a total of $133.3 million and completed a public debt offering of $350 million in senior notes. The company remains focused on capturing growth opportunities within its grocery-anchored portfolio, despite macroeconomic uncertainties.
Looking ahead, Phillips Edison & Company is well-positioned to continue its earnings growth, supported by a strong balance sheet and a highly-experienced team. The company’s increased earnings guidance for 2025 reflects confidence in its ability to maintain market-leading operating metrics and drive shareholder value.