---
schema_version: "secwatch.filing_event.v1"
accession: "0001476204-23-000096"
form_type: "8-K"
ticker: "PECO"
cik: "0001476204"
company_name: "Phillips Edison & Company, Inc."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T17:47:33.531693+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PECO raises FY 2023 FFO guidance; Q2 Core FFO $0.59/shr, same-center NOI +5.3%

## Summary
- Q2 2023 Core FFO $0.59/diluted share ($77.7M), up 8.2% YoY; Nareit FFO $0.58/diluted ($75.9M), up 6.7%.
- Same-center NOI +5.3% to $99.0M; leased occupancy record 97.8% (+100 bps YoY).
- Raised FY 2023 Core FFO guidance to $2.30–$2.36/shr (prior $2.26–$2.33) and Nareit FFO to $2.27–$2.32.
- Extended $475M+ in 2024 term loans to 2026/2027; pricing unchanged at SOFR+1.35%; net debt/EBITDAre 5.2x.
- Renewal rent spreads record 17.7%; new lease spreads 25.1%; total liquidity $629.1M.

## SEC filing metadata
- accession: 0001476204-23-000096
- form_type: 8-K
- ticker: PECO
- cik: 0001476204
- company_name: Phillips Edison & Company, Inc.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476204/000147620423000096/0001476204-23-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476204/000147620423000096/cik0001476204-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476204-23-000096
- JSON: https://secwatch.observer/filing/0001476204-23-000096.json
- Plain text: https://secwatch.observer/filing/0001476204-23-000096.txt

## Key facts
- Earnings Releases
  Phillips Edison & Company, Inc. reported the three and six months ended June 30, 2023 results: net income $14.5 million, or $0.12 per diluted share, and $31.1 million, or $0.26, per diluted share, respectively, EPS $0.12 per diluted share. Guidance raised.
  - Period: the three and six months ended June 30, 2023
  - Net income: $14.5 million, or $0.12 per diluted share, and $31.1 million, or $0.26, per diluted share, respectively
  - EPS: $0.12 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: For the three and six months ended June 30, 2023, net income attributable to stockholders was $14.5 million, or $0.12 per diluted share, and $31.1 million, or $0.26, per diluted share, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476204/000147620423000096/0001476204-23-000096-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.