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Phillips Edison & Company (PECO)
NASDAQ:PECO
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.15Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -0.93%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
Phillips Edison & Company demonstrated strong operational and financial performance in 2024, with notable achievements in leasing spreads and acquisitions. Despite challenges such as retailer bankruptcies and interest expense headwinds, the company's financial health and guidance for 2025 remain robust.Company Guidance
During the fourth quarter and full year 2024 earnings call, Phillips Edison & Company provided guidance highlighting its strategic focus on growth through acquisitions and strong operational metrics for 2025. The company anticipates gross acquisitions in the range of $350 to $450 million, with a target unlevered internal rate of return (IRR) of 9%. The guidance for 2025 includes a net income range of $0.54 to $0.59 per share, reflecting a 10.8% increase over 2024. The NAREIT FFO is expected to be between $2.47 and $2.54 per share, up 5.7%, while core FFO is projected at $2.52 to $2.59 per share, indicating a 5.1% rise. Same-center NOI growth is estimated at 3% to 3.5%. The company emphasized its strong leasing pipeline, with occupancy rates at 98% and highlighted its strategic focus on grocery-anchored centers, which contribute to robust cash flow and resilience.Core FFO Per Share Growth
Phillips Edison & Company delivered core FFO per share growth of nearly 4% in 2024, despite significant interest expense headwinds. If the impact of increased interest rates was excluded, core FFO per share growth would have been 6%.
Strong Leasing Performance
Phillips Edison & Company achieved comparable new rent spreads of 30.2% and renewal rent spreads of 20.8% in the fourth quarter. The company maintained high occupancy, ending the quarter at 98% leased.
Successful Acquisitions and Pipeline
Phillips Edison & Company exceeded their original guidance for acquisitions, with nearly $100 million closed in the fourth quarter and a strong pipeline for the first quarter of 2025.
Strong Financial Position
The company has approximately $948 million of liquidity, with no meaningful debt maturities until 2027 and 93% of total debt at fixed rates.
Positive 2025 Guidance
Phillips Edison & Company projects 2025 core FFO growth of 5.1% and same-center NOI growth of 3% to 3.5%.
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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 |
|---|---|---|---|
| Feb 06, 2025 | $36.40 | $37.10 | +1.92% |
| Oct 24, 2024 | $36.50 | $35.81 | -1.89% |
| Jul 25, 2024 | $33.11 | $33.27 | +0.48% |
| Apr 25, 2024 | $31.92 | $31.61 | -0.97% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Phillips Edison & Company (PECO) earnings time?
Phillips Edison & Company (PECO) earnings time is at Apr 24, 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 (Q1) is 0.15.
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