earnings
confidence high
sentiment positive
materiality 0.75
PECO reports FY2024 Core FFO $2.43/share, guides 5.1% growth in 2025
Phillips Edison & Company, Inc.
2024-FY EPS reported
$0.51
revenue$661,392,000
- Q4 Core FFO $0.62/share vs $0.58 prior year; FY Core FFO $2.43 (+3.8% YoY).
- Q4 same-center NOI +6.5%, leased occupancy 97.7%; inline occupancy 95.0%.
- FY2024 acquisitions $305.7M; 2025 guidance $350-450M for gross acquisitions.
- Net debt/EBITDAre 5.0x; 93% fixed-rate debt; weighted avg interest 4.3%.
- FY2025 Nareit FFO midpoint reflects 5.7% YoY growth; Core FFO midpoint +5.1%.