8-K
filed October 31, 2023, 7:59 PM ET
ticker PECO
CIK 0001476204
earnings
confidence high
sentiment positive
materiality 0.72
Phillips Edison Q3 Core FFO $0.58/sh; guides FY23 Core FFO $2.31-$2.35; president transition
Phillips Edison & Company, Inc.
2023-Q3 EPS reported
$0.37
revenue$455,675,000
- Q3 net income $12.2M ($0.10 diluted); Core FFO $77.0M ($0.58/sh), flat YoY per share.
- Same-center NOI up 3.2% YoY to $99.9M; leased occupancy 97.8% (+70bps YoY).
- Full-year 2023 Core FFO guidance updated to $2.31-$2.35/sh (midpoint +2.6% YoY).
- President Devin Murphy to step down Dec 31, 2023; COO Bob Myers named President; Joe Schlosser promoted to COO.
- Q3 acquisitions $13.4M; post-quarter $19.4M; ATM raised $70.1M at $35.59/sh.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Phillips Edison & Company, Inc. reported the period ended September 30, 2023 results: net income $12.2 million, EPS $0.10 per diluted share. Guidance reaffirmed.
- Period
- the period ended September 30, 2023
- Net income
- $12.2 million
- EPS
- $0.10 per diluted share
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
On October 31, 2023 , Phillips Edison & Company, Inc. (the “Company”) issued a press release announcing its results for the quarter ended September 30, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert Myers changed role as President at Phillips Edison & Company, Inc..
- Action
- selected to serve
- Role
- President
Exact text from the filing
Robert Myers, the Company’s current Chief Operating Officer and Executive Vice President, has been selected to serve as the Company’s President and will assume such role effective January 1, 2024
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Devin Murphy changed role as President at Phillips Edison & Company, Inc..
- Action
- stepped down
- Role
- President
Exact text from the filing
On October 27, 2023, Devin Murphy, President of Phillips Edison & Company, Inc. notified the Company that he will step down as the Company’s President, effective December 31, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph Schlosser was appointed as Chief Operating Officer at Phillips Edison & Company, Inc..
- Action
- appointed
- Role
- Chief Operating Officer
Exact text from the filing
Effective January 1, 2024, in connection with Mr. Myers’ appointment as President, Joseph Schlosser, the Company’s current Senior Vice President of Portfolio Management, has been selected to serve as the Company’s Chief Operating Officer and Executive Vice President.
View on SEC.gov
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