PECO Q4 2022 Core FFO $0.56/share, up 22.2%; occupancy record 97.4%

Phillips Edison & Company, Inc.

2022-FY EPS reported $0.42 revenue$575,372,000

Q4 net income $13.7M ($0.12 diluted EPS) vs net loss $5.2M in Q4 2021.
Q4 Core FFO $74.3M ($0.56), up 22.2%; Nareit FFO $70.6M ($0.54), up 42.9%.
Same-center NOI increased 2.8% in Q4 and 4.5% for full year 2022.
Leased occupancy rose to record 97.4%; anchor occupancy 99.3%; comparable new lease spreads 36.3%.
Acquired two centers for $51.7M in Q4; subsequent acquisition of $27.1M in early 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Phillips Edison & Company, Inc. reported the full year ended December 31, 2022 results: net income net income attributable to stockholders of $48.3 million, or $0.42 per diluted share, EPS $0.42 per diluted share.

Period: the full year ended December 31, 2022
Net income: net income attributable to stockholders of $48.3 million, or $0.42 per diluted share
EPS: $0.42 per diluted share
Result: reported results

Exact text from the filing

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 $13.7 million, or $0.12 per diluted share, for the three months ended December 31, 2022, and net income attributable to stockholders of $48.3 million, or $0.42 per diluted share, for the full year ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Phillips Edison & Company, Inc. reported the three months ended December 31, 2022 results: net income net income attributable to stockholders of $13.7 million, or $0.12 per diluted share, EPS $0.12 per diluted share.

Period: the three months ended December 31, 2022
Net income: net income attributable to stockholders of $13.7 million, or $0.12 per diluted share
EPS: $0.12 per diluted share
Result: reported results

Exact text from the filing

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 $13.7 million, or $0.12 per diluted share, for the three months ended December 31, 2022, and net income attributable to stockholders of $48.3 million, or $0.42 per diluted share, for the full year ended December 31, 2022.

View on SEC.gov

18 earnings releases filed in the last 30 days. Browse all earnings releases →

Phillips Edison & Company, Inc. filing history →

Source: SEC EDGAR

accession 0001476204-23-000025

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