other material
confidence high
sentiment neutral
materiality 0.60
Phillips Edison reaffirms 2023 guidance and issues preliminary 2024 outlook
Phillips Edison & Company, Inc.
- 2024 Core FFO per share guided at $2.36–$2.44; same-center NOI growth 3.25%–4.25%.
- Net income per share for 2024 expected between $0.50 and $0.55.
- 2024 net acquisitions guided at $200M–$300M; interest expense $104M–$112M.
- Reaffirmed 2023 Core FFO per share at $2.31–$2.35 and same-center NOI growth 3.75%–4.50%.
- 2023 net acquisitions maintained at $250M–$300M; development spend $35M–$45M.