The call highlighted strong growth in key financial metrics, successful acquisition activity, and high occupancy rates. Increased guidance for the year further underscored the company's positive outlook. However, challenges such as increased bad debt and potential tariff impacts were noted, along with a projected deceleration in same-store NOI growth.

Company Guidance -

Q3 2025

In the second quarter of 2025, Phillips Edison & Company reported strong financial performance, with a 4.2% increase in same-center net operating income (NOI) and an 8.5% rise in core funds from operations (FFO) per share. The company has subsequently raised its full-year 2025 earnings guidance for same-center NOI, core FFO per share, and NAREIT FFO per share. The company highlighted a robust leasing environment, achieving a portfolio occupancy rate of 97.4% and strong renewal rent spreads of 19.1%, with in-line renewal rent spreads at 20.7%. New leasing rent spreads for the quarter were 34.6%, with in-line new rent spreads at 28.1%. Additionally, Phillips Edison & Company completed $133 million in asset acquisitions during the quarter, bringing year-to-date gross acquisitions to $287 million, and reaffirmed its 2025 gross acquisition guidance range of $350 million to $450 million. The company also reported a NAREIT FFO of $86 million or $0.62 per diluted share, marking an 8.8% year-over-year growth. With a strong balance sheet and $972 million in liquidity, the company is well-positioned for continued growth, targeting mid- to high single-digit core FFO per share growth annually over the long term.

Strong Growth in Core Metrics

Same-center NOI increased by 4.2% and core FFO per share increased by 8.5%. NAREIT FFO per share also grew by 8.8% year-over-year.

Increased Guidance for 2025

The company raised its full-year 2025 earnings guidance for same-center NOI, core FFO per share, and NAREIT FFO per share.

High Occupancy Rates

Portfolio occupancy remained high at 97.4%, with anchor occupancy at 98.9% and in-line occupancy at 94.8%.

Robust Leasing Performance

Comparable renewal rent spreads were 19.1%, with in-line renewal rent spreads at 20.7%. New leasing rent spreads were 34.6%, with in-line new rent spreads at 28.1%.

Successful Acquisition Activity

Year-to-date gross acquisitions at PECO's share reached $287 million, with a target range of $350 million to $450 million for the year.

Strong Liquidity Position

Approximately $972 million of liquidity is available to support acquisition plans with no meaningful debt maturities until 2027.

Phillips Edison & Company (PECO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PECO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.15 / -	0.09	―	―	―
Jul 24, 2025	2025 (Q2)	0.15 / 0.10	0.12	-16.67% (-0.02)
Apr 24, 2025	2025 (Q1)	0.15 / 0.21	0.14	50.00% (+0.07)
Feb 06, 2025	2024 (Q4)	0.12 / 0.15	0.11	36.36% (+0.04)
Oct 24, 2024	2024 (Q3)	0.14 / 0.09	0.1	-10.00% (-0.01)
Jul 25, 2024	2024 (Q2)	0.14 / 0.12	0.12	0.00% (0.00)
Apr 25, 2024	2024 (Q1)	0.14 / 0.14	0.14	0.00% (0.00)
Feb 08, 2024	2023 (Q4)	0.10 / 0.11	0.12	-8.33% (>-0.01)
Oct 31, 2023	2023 (Q3)	0.11 / 0.10	0.09	11.11% (+0.01)
Aug 01, 2023	2023 (Q2)	0.11 / 0.12	0.12	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PECO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$34.65	$34.46	-0.55%
Apr 24, 2025	$34.81	$34.67	-0.40%
Feb 06, 2025	$35.87	$36.57	+1.95%
Oct 24, 2024	$35.97	$35.29	-1.89%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Phillips Edison & Company (PECO) report earnings?

Phillips Edison & Company (PECO) is schdueled to report earning on Oct 30, 2025, TBA (Confirmed).

What is Phillips Edison & Company (PECO) earnings time?

Phillips Edison & Company (PECO) earnings time is at Oct 30, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PECO EPS forecast?

PECO EPS forecast for the fiscal quarter 2025 (Q3) is 0.15.

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