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Phillips Edison Q2 Core FFO Remains Flat, Revenue Rises; 2024 Guidance Reaffirmed
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Phillips Edison Q2 Core FFO Remains Flat, Revenue Rises; 2024 Guidance Reaffirmed
Jul 25, 2024 3:00 PM

05:35 PM EDT, 07/25/2024 (MT Newswires) -- Phillips Edison ( PECO ) reported Q2 core funds from operations late Thursday of $0.59 per diluted share, unchanged from a year earlier.

Analysts polled by Capital IQ expected $0.60.

Revenue for the quarter ended June 30 was $161.5 million, up from $152.1 million a year earlier.

Analysts polled by Capital IQ expected $161.9 million.

The company reaffirmed its full-year 2024 core FFO outlook of $2.37 to $2.45 per share. Analysts polled by Capital IQ expect $2.41.

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