secwatch.observer — SEC 8-K summary
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Issuer:     Phillips Edison & Company, Inc. (PECO)
CIK:        0001476204
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001476204-24-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476204/000147620424000053/0001476204-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476204/000147620424000053/cik0001476204-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001476204-24-000053

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