Phillips Edison Q3 Core FFO $0.58, same-center NOI +4.3%, raises 2022 guidance

Phillips Edison & Company, Inc.

2022-Q3 EPS reported $0.30 revenue$430,333,000

Q3 net income $11.0M ($0.09 diluted); Core FFO $76.6M ($0.58), up 15.4% YoY.
Same-center NOI grew 4.3% to $92.5M; leased occupancy record 97.1% (vs 95.6% a year ago).
Acquired one shopping center and two outparcels for $59.5M; net debt/EBITDAre 5.4x.
Board increased monthly distribution 3.7% to $0.0933/share ($1.12 annualized).
Raised 2022 Core FFO guidance to $2.22–$2.26 per share; same-center NOI growth 4.1%–4.5%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Phillips Edison & Company, Inc. reported three months ended September 30, 2022 results: net income $11.0 million, or $0.09 per diluted share. Guidance raised.

Period: three months ended September 30, 2022
Net income: $11.0 million, or $0.09 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Phillips Edison & Company Reports Third Quarter 2022 Results and Raises Full Year Guidance CINCINNATI - November 3, 2022 - Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, reported net income attributable to stockholders of $11.0 million, or $0.09 per diluted share, for the three months ended September 30, 2022.

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Source: SEC EDGAR

accession 0001476204-22-000105

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