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Phillips Edison & Company (PECO)
NASDAQ:PECO
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.16Last Year’s EPS
0.12Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -0.40%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
The earnings call showcased strong operational performance with high occupancy and robust leasing spreads. Despite macroeconomic uncertainties and potential tariff impacts, PECO maintained a positive outlook with strong acquisition activity and affirmed full-year guidance. The presence of a significant one-time lease termination fee and concerns over increasing variable rate debt exposure were noted but did not overshadow the positive aspects.Company Guidance
During the first quarter of 2025 earnings call for Phillips Edison & Company, the company provided several key metrics and affirmed its guidance for the year. The company reported a same-center net operating income (NOI) growth of 3.9% and maintained high portfolio occupancy at 97.1%, with anchor occupancy at 98.4%. Lease renewal rent spreads reached a record high of 21.7%, while new leasing rent spreads were 28.1%. Phillips Edison confirmed its guidance for 2025, projecting a Nareit FFO per share increase of 5.7% over 2024 at the mid-point and a Core FFO per share increase of 5.1% at the mid-point. The company aims for a 3% to 3.5% same-center NOI growth for the year. Additionally, they expect to acquire $350 million to $450 million in assets, targeting an unlevered internal rate of return (IRR) of 9%. The company emphasized its focus on grocery-anchored centers, with 71% of its annual base rent (ABR) derived from necessity-based goods and services, providing insulation against potential tariff disruptions.Strong Same-Center NOI Growth
The PECO team delivered a strong quarter of growth with same-center NOI increasing by 3.9%.
High Occupancy and Leasing Performance
Portfolio occupancy remained high at 97.1%, with anchor occupancy at 98.4%. In-line renewal rent spreads reached a record high of 21.7%, and comparable new leasing rent spreads were 28.1%.
Robust Acquisition Activity
During the first quarter, PECO purchased $146 million in assets with a strong pipeline and affirmed acquisition guidance of $350 million to $450 million for 2025.
Full-Year Guidance Affirmed
PECO affirmed its 2025 guidance for Nareit FFO per share increase of 5.7% over 2024 at the mid-point and Core FFO per share increase of 5.1% at the mid-point.
Record In-Line Renewal Rent Spreads
The first quarter saw record high in-line renewal rent spreads of 21.7%, reflecting strong leasing and retention environment.
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PECO Earnings History
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
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PECO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | $35.22 | $35.08 | -0.40% |
| Feb 06, 2025 | $36.29 | $37.00 | +1.96% |
| Oct 24, 2024 | $36.39 | $35.70 | -1.90% |
| Jul 25, 2024 | $33.01 | $33.18 | +0.51% |
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.
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FAQ
When does Phillips Edison & Company (PECO) report earnings?
Phillips Edison & Company (PECO) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Phillips Edison & Company (PECO) earnings time?
Phillips Edison & Company (PECO) earnings time is at Jul 31, 2025, TBA Not 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 (Q2) is 0.16.
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