earnings
confidence high
sentiment positive
materiality 0.80
Phillips Edison Q4 Core FFO $0.66, FY 2025 Core FFO $2.60; same-center NOI +3.8%; guides 2026
Phillips Edison & Company, Inc.
2025-FY EPS
reported $0.89
vs consensus $0.16
▲ beat
(+472.0%)
- Q4 net income $47.5M ($0.38 diluted) vs $18.1M a year ago; FY net income $111.3M ($0.89).
- FY Nareit FFO $353.1M ($2.54/share), +9.1% YoY; Core FFO $360.7M ($2.60), +8.7%.
- Same-center NOI grew 3.2% in Q4 and 3.8% FY to $454.7M; leased occupancy 97.3%, inline record 95.1%.
- Comparable new lease rent spreads 34.3% in Q4; renewal spreads 20.0%; portfolio comparable rent spread 24.5%.
- Acquired $356.9M wholly-owned in 2025; subsequent $77M in acquisitions including H-E-B anchored center.