earnings
confidence high
sentiment positive
materiality 0.70
Phillips Edison Q1 net income $26.3M ($0.21/diluted); Core FFO $0.65; reaffirms FY 2025 guidance
Phillips Edison & Company, Inc.
2025-Q1 EPS reported
$0.21
revenue$178,311,000
- Net income $26.3M ($0.21/diluted); Nareit FFO $89.0M ($0.64) and Core FFO $90.8M ($0.65), both up 11% YoY.
- Same-center NOI grew 3.9% to $115.1M; leased portfolio occupancy 97.1% as of March 31, 2025.
- Acquired six shopping centers for $146.4M (prorated) and sold one for $24.9M in Q1; subsequent acquisition of $27.8M.
- Affirmed FY 2025 Nareit FFO guidance midpoint representing 5.7% year-over-year growth.
- Extended revolving credit facility to $1.0B with maturity to January 2029; net debt to EBITDAre 5.3x.