Phillips Edison & Company, Inc. (PECO)
Phillips Edison: Excellent Fundamentals Support Investment Thesis
Phillips Edison & Company, Inc. remains a "Buy" due to its high-quality, grocery-anchored portfolio, strong tenant retention, and solid balance sheet, offering income and growth potential. PECO's Q1 2025 results showed strong same-center NOI growth of 3.9% YoY, high occupancy at 97.1%, and impressive Core FFO per share growth of 8.3% YoY. With a 3.5% dividend yield, a low 49% payout ratio, and a forward P/FFO of 13.7, PECO offers attractive total return potential with lower market volatility.
Phillips Edison & Company, Inc. (PECO) Q1 2025 Earnings Call Transcript
Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q1 2025 Earnings Conference Call April 25, 2025 12:00 PM ET Company Participants Kimberly Green - Head, IR Jeff Edison - Chairman & CEO Bob Myers - President John Caulfield - CFO Conference Call Participants Caitlin Burrows - Goldman Sachs Haendel St. Juste - Mizuho Samir Khanal - Bank of America Dori Kesten - Wells Fargo Omotayo Okusanya - Deutsche Bank Todd Thomas - KeyBanc Capital Markets Floris van Dijkum - Compass Point Mike Mueller - JP Morgan Daniel Purpura - Green Street Operator Good day, and welcome to Phillips Edison & Company's First Quarter 2025 Earnings Call. Please note that this call is being recorded.
Here's What Key Metrics Tell Us About Phillips Edison & Company (PECO) Q1 Earnings
The headline numbers for Phillips Edison & Company (PECO) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Phillips Edison & Company, Inc. (PECO) Q1 FFO and Revenues Top Estimates
Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.65 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to FFO of $0.60 per share a year ago.
Phillips Edison: Prime Grocery-Anchored Real Estate At A Great Price
Phillips Edison offers high exposure to grocery-anchored shopping centers, providing a resilient business model with high occupancy and robust lease spreads. PECO's disciplined acquisition strategy and ground-up development opportunities are expected to deliver attractive returns, supported by a strong investment-grade balance sheet. With a well-covered 3.3% dividend yield and attractive valuation below its historical P/FFO average, PECO is positioned for potentially strong total returns.
Phillips Edison & Company, Inc. (PECO) Q4 2024 Earnings Conference Call Transcript
Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q4 2024 Earnings Conference Call February 7, 2025 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President John Caulfield - CFO Conference Call Participants Jeffrey Spector - Bank of America Merrill Lynch Haendel St. Juste - Mizuho Caitlin Burrows - Goldman Sachs Dori Kesten - Wells Fargo Ronald Kamdem - Morgan Stanley Omotayo Okusanya - Deutsche Bank Todd Thomas - KeyBanc Capital Markets Floris Van Dijkum - Compass Point Michael Mueller - JP Morgan Juan Sanabria - BMO Capital Markets Paulina Rojas - Green Street Operator Good day, and welcome to Phillips Edison & Company's Fourth Quarter and Full Year 2024 Earnings Call. Please note that this call is being recorded.
Phillips Edison & Company (PECO) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Phillips Edison & Company (PECO) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Phillips Edison & Company, Inc. (PECO) Meets Q4 FFO Estimates
Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.58 per share a year ago.
Phillips Edison & Company (PECO) Upgraded to Buy: Here's Why
Phillips Edison & Company (PECO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Phillips Edison & Co: Defensive Shopping Center REIT
PECO has delivered over 21% total returns since November 2023, with a current forward yield of 3.12% and a P/FFO multiple of 16.31x. Looking at PECO stock, I question the relative valuation compared to peers KIM, REG, and FRT. Diving a bit more, I will identify PECO's advantages and vulnerabilities compared to peers.
Phillips Edison & Company, Inc. (PECO) Q3 2024 Earnings Call Transcript
Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q3 2024 Earnings Conference Call October 25, 2024 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President John Caulfield - CFO Conference Call Participants Jeffrey Spector - Bank of America Merrill Lynch Caitlin Burrows - Goldman Sachs Ravi Vaidya - Mizuho Dori Kesten - Wells Fargo Omotayo Okusanya - Deutsche Bank Todd Thomas - KeyBanc Capital Floris Van Dijkum - Compass Point Juan Sanabria - BMO Capital Markets Michael Mueller - JPMorgan Ronald Kamden - Morgan Stanley Paulina Rojas - Green Street Operator Good day and welcome to Phillips Edison & Company's Third Quarter 2024 Earnings Call. Please note that this call is being recorded.
Phillips Edison & Company (PECO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Phillips Edison & Company (PECO) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
