---
schema_version: "secwatch.filing_event.v1"
accession: "0001476204-23-000122"
form_type: "8-K"
ticker: "PECO"
cik: "0001476204"
company_name: "Phillips Edison & Company, Inc."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:32:22.916422+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# Phillips Edison Q3 Core FFO $0.58/sh; guides FY23 Core FFO $2.31-$2.35; president transition

## Summary
- 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.

## SEC filing metadata
- accession: 0001476204-23-000122
- form_type: 8-K
- ticker: PECO
- cik: 0001476204
- company_name: Phillips Edison & Company, Inc.
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476204/000147620423000122/0001476204-23-000122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476204/000147620423000122/cik0001476204-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476204-23-000122
- JSON: https://secwatch.observer/filing/0001476204-23-000122.json
- Plain text: https://secwatch.observer/filing/0001476204-23-000122.txt

## Key facts
- Earnings Releases
  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
  source text: On October 31, 2023 , Phillips Edison & Company, Inc. (the “Company”) issued a press release announcing its results for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476204/000147620423000122/0001476204-23-000122-index.htm
- Executive change
  Robert Myers changed role as President at Phillips Edison & Company, Inc..
  - Action: selected to serve
  - Role: President
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476204/000147620423000122/0001476204-23-000122-index.htm
- Executive change
  Devin Murphy changed role as President at Phillips Edison & Company, Inc..
  - Action: stepped down
  - Role: President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476204/000147620423000122/0001476204-23-000122-index.htm
- Executive change
  Joseph Schlosser was appointed as Chief Operating Officer at Phillips Edison & Company, Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476204/000147620423000122/0001476204-23-000122-index.htm

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