---
schema_version: "secwatch.filing_event.v1"
accession: "0001476204-24-000097"
form_type: "8-K"
ticker: "PECO"
cik: "0001476204"
company_name: "Phillips Edison & Company, Inc."
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:15:38.234109+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PECO Q2 Core FFO $0.59/share; launches $300M JV with Cohen & Steers

## Summary
- Q2 net income $15.3M ($0.12 diluted EPS); Nareit FFO $0.57, Core FFO $0.59 per share.
- Same-center NOI +1.9% YoY; reaffirmed FY2024 Core FFO guidance $2.37-$2.45, same-center NOI +3.25%-4.25%.
- Record leased inline occupancy 95.1%; portfolio new lease spreads +34.4%, renewal spreads +20.5%.
- Completed $350M 5.750% senior notes due 2034; net debt/EBITDAre 5.1x; 91.4% fixed-rate debt.
- Launched JV with Cohen & Steers (80/20 PECO) targeting $300M equity; first acquisition: Des Peres Corners anchored by Schnucks.

## SEC filing metadata
- accession: 0001476204-24-000097
- form_type: 8-K
- ticker: PECO
- cik: 0001476204
- company_name: Phillips Edison & Company, Inc.
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476204/000147620424000097/0001476204-24-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476204/000147620424000097/cik0001476204-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476204-24-000097
- JSON: https://secwatch.observer/filing/0001476204-24-000097.json
- Plain text: https://secwatch.observer/filing/0001476204-24-000097.txt

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