Devin Murphy
appointed Devin Murphy to the Board, effective July 2, 2024
Highest-materiality recent filing
PECO Q1 2026 Core FFO $0.69 (+6.2% YoY); raises full-year guidance; acquires $125.5M
Net income $30.4M ($0.24 diluted EPS); Core FFO $0.69 per share, up 6.2% YoY.
Phillips Edison completes $350M offering of 4.750% Senior Notes due 2033
Issued $350M aggregate principal amount of 4.750% senior notes due 2033 at 99.295% of par.
Phillips Edison Q4 Core FFO $0.66, FY 2025 Core FFO $2.60; same-center NOI +3.8%; guides 2026
Q4 net income $47.5M ($0.38 diluted) vs $18.1M a year ago; FY net income $111.3M ($0.89).
Phillips Edison raises FY2025 net income guidance to $0.80-$0.81; issues 2026 outlook
FY2025 net income per share raised to $0.80-$0.81 from $0.62-$0.65.
Phillips Edison Q3 Nareit FFO $0.64 (+6.7% YoY); raises full-year 2025 guidance
Net income $24.7M ($0.20 EPS) vs $11.6M in Q3 2024; Core FFO $0.65 per share (+4.8% YoY).
Phillips Edison increases monthly dividend 5.7% to $0.1083; annualized to $1.30
Monthly dividend raised 5.7% to $0.1083 per share (annualized $1.30), payable Oct 1 & Nov 4, 2025.
Phillips Edison Q2 Core FFO $0.64, up 10.3% YoY; raises full-year guidance
Q2 net income $12.8M ($0.10/diluted) vs $15.3M; Nareit FFO $86.0M ($0.62) up 9.8%.
Phillips Edison Q1 net income $26.3M ($0.21/diluted); Core FFO $0.65; reaffirms FY 2025 guidance
Net income $26.3M ($0.21/diluted); Nareit FFO $89.0M ($0.64) and Core FFO $90.8M ($0.65), both up 11% YoY.
PECO reports FY2024 Core FFO $2.43/share, guides 5.1% growth in 2025
Q4 Core FFO $0.62/share vs $0.58 prior year; FY Core FFO $2.43 (+3.8% YoY).
Phillips Edison increases revolving credit facility to $1.0B, extends maturity to 2029
Aggregate revolving facility raised to $1.0 billion; maturity extended to Jan 9, 2029 with two six-month extension options.
PECO reaffirms 2024 guidance; 2025 prelim EPS $0.54-0.59, Core FFO $2.52-2.59
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%.
PECO reports Q3 Core FFO $0.62, raises FY 2024 guidance to $2.40–$2.44
Q3 Nareit FFO $81.6M ($0.60/diluted), up 12.5% YoY; Core FFO $84.4M ($0.62/diluted), up 9.6% YoY.
PECO Q2 Core FFO $0.59/share; launches $300M JV with Cohen & Steers
Q2 net income $15.3M ($0.12 diluted EPS); Nareit FFO $0.57, Core FFO $0.59 per share.
Phillips Edison & Co subsidiary issues $350M of 5.75% Senior Notes due 2034
$350M aggregate principal of 5.750% Senior Notes due 2034 issued by OP subsidiary; fully guaranteed by PECO.
PECO Q1 Core FFO $0.60/shr (+4.5% YoY); same-center NOI +3.7%; affirms FY guidance
Core FFO $81.7M ($0.60/shr), up 4.5% YoY; Nareit FFO $80.1M ($0.59/shr), up 4.9%.
PECO Q4 Nareit FFO $0.56 (+6% YoY); raises 2024 Core FFO guidance to $2.37-$2.45
Q4 net income $13.5M ($0.11/diluted); Nareit FFO $74.8M ($0.56), +6.0% YoY; Core FFO $77.9M ($0.58), +4.9% YoY.
Phillips Edison reaffirms 2023 guidance and issues preliminary 2024 outlook
2024 Core FFO per share guided at $2.36–$2.44; same-center NOI growth 3.25%–4.25%.
Phillips Edison Q3 Core FFO $0.58/sh; guides FY23 Core FFO $2.31-$2.35; president transition
Q3 net income $12.2M ($0.10 diluted); Core FFO $77.0M ($0.58/sh), flat YoY per share.
Phillips Edison increases monthly dividend 4.5% to $0.0975 per share
Monthly distribution raised 4.5% to $0.0975 per share; annualized rate now $1.17 per share.
PECO raises FY 2023 FFO guidance; Q2 Core FFO $0.59/shr, same-center NOI +5.3%
Q2 2023 Core FFO $0.59/diluted share ($77.7M), up 8.2% YoY; Nareit FFO $0.58/diluted ($75.9M), up 6.7%.
PECO Q1 2023 Core FFO $0.59/shr; same-center NOI +4.9%, affirms FY guidance
Net income $16.6M ($0.14 diluted EPS); Core FFO $78.2M ($0.59/diluted), up from $0.56 YoY.
PECO Q4 2022 Core FFO $0.56/share, up 22.2%; occupancy record 97.4%
Q4 net income $13.7M ($0.12 diluted EPS) vs net loss $5.2M in Q4 2021.
Phillips Edison Q3 Core FFO $0.58, same-center NOI +4.3%, raises 2022 guidance
Q3 net income $11.0M ($0.09 diluted); Core FFO $76.6M ($0.58), up 15.4% YoY.
appointed Devin Murphy to the Board, effective July 2, 2024
Robert Myers, the Company’s current Chief Operating Officer and Executive Vice President, has been selected to serve as the Company’s President and will assume such role effective January 1, 2024
On October 27, 2023, Devin Murphy, President of Phillips Edison & Company, Inc. notified the Company that he will step down as the Company’s President, effective December 31, 2023.
Effective January 1, 2024, in connection with Mr. Myers’ appointment as President, Joseph Schlosser, the Company’s current Senior Vice President of Portfolio Management, has been selected to serve as the Company’s Chief Operating Officer and Executive Vice President.
On September 25, 2023 , the board of directors (the "Board") of Phillips Edison & Company, Inc. (the "Company") increased the size of the Board from eight to nine members and appointed Mr. Anthony Terry to the Board, effective as of October 30, 2023
the board of directors (the "Board") of Phillips Edison & Company, Inc. (the "Company") increased the size of the Board from seven to eight members and appointed Ms. Parilee Edison Wang to the Board effective as of June 29, 2023
On March 22, 2023 , Paul J. Massey, Jr. resigned as a member of the Board of Directors (the “Board”) of Phillips Edison & Company, Inc. (the “Company”) and all other positions he held as a member of any committee of the Board.
Max materiality 0.85 · Median 0.55 · Most common event dividend