Phillips Edison & Company, Inc. (PECO)
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.
Phillips Edison & Company, Inc. (PECO) Beats Q3 FFO and Revenue Estimates
Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.62 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to FFO of $0.58 per share a year ago.
Phillips Edison: A High-Quality REIT At A High Valuation
PECO has a well-diversified retail portfolio consisting of primarily grocery-anchored assets. The majority of its tenants operate at a nation/region-wide scale. Though the favorable market dynamics have resulted in increasingly wide lease spreads, the corporate-level growth has been more modest.
Phillips Edison Q2 Earnings: Slow And Steady Wins The Race
Grocery anchored retail has emerged as a top-performing asset class over the past three years, benefiting from increased traffic through a return to the grocery store. Phillips Edison & Company is an owner/developer in the grocery anchored shopping center segment, boasting high performing assets and a strong tenant mix. PECO reported strong Q2 earnings, reaffirming full-year guidance, with solid growth in core funds from operations and same center NOI.
Phillips Edison & Company, Inc. (PECO) Q2 2024 Earnings Call Transcript
Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q2 2024 Earnings Conference Call July 26, 2024 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President John Caulfield - CFO Conference Call Participants Haendel St. Juste - Mizuho Caitlin Burrows - Goldman Sachs Jeffrey Spector - Bank of America Merrill Lynch Michael Mueller - JPMorgan Ronald Kamden - Morgan Stanley Todd Thomas - KeyBanc Capital Floris Gerbrand Van Dijkum - Compass Point Omotayo Okusanya - Deutsche Bank Juan Sanabria - BMO Capital Markets Dori Kesten - Wells Fargo Operator Good day, and welcome to Phillips Edison & Company's Second Quarter 2024 Earnings Call. Please note that this call is being recorded.
Phillips Edison & Company, Inc. (PECO) Q2 FFO and Revenues Lag Estimates
Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.59 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to FFO of $0.59 per share a year ago.
