---
schema_version: "secwatch.filing_event.v1"
accession: "0001476204-24-000053"
form_type: "8-K"
ticker: "PECO"
cik: "0001476204"
company_name: "Phillips Edison & Company, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:50:40.386639+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PECO Q1 Core FFO $0.60/shr (+4.5% YoY); same-center NOI +3.7%; affirms FY guidance

## Summary
- Core FFO $81.7M ($0.60/shr), up 4.5% YoY; Nareit FFO $80.1M ($0.59/shr), up 4.9%.
- Same-center NOI rose 3.7% to $106.7M; leased occupancy 97.2%, inline occupancy up 50 bps to 94.8%.
- Acquired two shopping centers and one land parcel for $55.9M; net debt/EBITDA 5.1x.
- Affirmed FY2024 Nareit FFO guidance $2.34-$2.41/shr and Core FFO $2.37-$2.45/shr.

## SEC filing metadata
- accession: 0001476204-24-000053
- form_type: 8-K
- ticker: PECO
- cik: 0001476204
- company_name: Phillips Edison & Company, Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476204/000147620424000053/0001476204-24-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476204/000147620424000053/cik0001476204-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476204-24-000053
- JSON: https://secwatch.observer/filing/0001476204-24-000053.json
- Plain text: https://secwatch.observer/filing/0001476204-24-000053.txt

## Key facts
- Earnings Releases
  Phillips Edison & Company, Inc. reported the three months ended March 31, 2024 results: net income $17.7 million, EPS $0.14 per diluted share.
  - Period: the three months ended March 31, 2024
  - Net income: $17.7 million
  - EPS: $0.14 per diluted share
  - Result: reported results
  source text: For the three months ended March 31, 2024, net income attributable to stockholders was $17.7 million, or $0.14 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476204/000147620424000053/0001476204-24-000053-index.htm
- Earnings Releases
  Phillips Edison & Company, Inc. updated its full year 2024 guidance (reaffirmed).
  - Period: full year 2024
  - Guidance: reaffirmed
  - Result: guidance update
  source text: • Affirmed 2024 Nareit FFO and Core FFO guidance ranges of $2.34 to $2.41 per diluted share and $2.37 to $2.45 per diluted share, respectively
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476204/000147620424000053/0001476204-24-000053-index.htm

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