secwatch.observer — SEC 8-K summary
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Issuer:     Phillips Edison & Company, Inc. (PECO)
CIK:        0001476204
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001476204-24-000097
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476204/000147620424000097/0001476204-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476204/000147620424000097/cik0001476204-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001476204-24-000097

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