secwatch.observer — SEC 8-K summary
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Issuer:     Phillips Edison & Company, Inc. (PECO)
CIK:        0001476204
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001476204-24-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PECO Q4 Nareit FFO $0.56 (+6% YoY); raises 2024 Core FFO guidance to $2.37-$2.45
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- Q4 net income $13.5M ($0.11/diluted); Nareit FFO $74.8M ($0.56), +6.0% YoY; Core FFO $77.9M ($0.58), +4.9% YoY.
- Full-year 2023 same-center NOI +4.2%; Q4 same-center NOI +3.6% to $99.3M.
- Leased portfolio occupancy 97.4% (anchor 98.9%, inline 94.7%); comparable renewal rent spread +14.2% in Q4.
- Acquired six shopping centers & two outparcels for $186.4M in Q4; net acquisitions $272.2M for FY2023.
- Raised full-year 2024 Nareit FFO guidance to $2.34-$2.41 and Core FFO to $2.37-$2.45 per diluted share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476204/000147620424000018/0001476204-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476204/000147620424000018/cik0001476204-20240208.htm
  HTML page:      https://secwatch.observer/filing/0001476204-24-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer