other material
confidence high
sentiment positive
materiality 0.65
PECO reaffirms 2024 guidance; 2025 prelim EPS $0.54-0.59, Core FFO $2.52-2.59
Phillips Edison & Company, Inc.
- 2024 guidance reaffirmed: Net income $0.48-$0.50/sh, Core FFO $2.40-$2.44/sh, Same-Center NOI growth 3.5%-4.0%.
- 2025 preliminary guidance: Net income $0.54-$0.59/sh, Core FFO $2.52-$2.59/sh, Same-Center NOI growth 3.0%-3.5%.
- 2025 acquisitions guided at $350M-$450M (net of dispositions), up from $275M-$325M in 2024.
- 2025 interest expense expected $111M-$121M vs 2024 $96M-$99M; G&A unchanged at $45M-$49M.
- Non-cash revenue items guided $18M-$20M for 2025 vs $15M-$19M in 2024.