Overview

* Phillips Edison ( PECO ) Q3 net income rises to $24.7 mln, reflecting strong earnings growth

* Nareit FFO for Q3 increased 9.4% to $89.3 mln

* Company raises full-year 2025 earnings guidance, indicating confidence in future growth

Outlook

* Phillips Edison ( PECO ) raises 2025 Nareit FFO guidance to $2.51-$2.55 per share

* Company raises 2025 Core FFO guidance to $2.57-$2.61 per share

* Phillips Edison ( PECO ) maintains 2025 same-center NOI growth guidance at 3.10%-3.60%

Result Drivers

* HIGH OCCUPANCY - PECO reported strong leased portfolio occupancy of 97.6% and same-center leased portfolio occupancy of 97.9%

* RENT SPREADS - Record-high rent spreads of 23.2% for renewal leases and 24.5% for new leases contributed to earnings growth

* PORTFOLIO EXPANSION - Acquired $21.9 mln in assets during Q3, including shopping centers and land parcels, supporting growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.20

Q3 Net $24.70

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy"

* Wall Street's median 12-month price target for Phillips Edison & Co Inc ( PECO ) is $40.00, about 13.5% above its October 21 closing price of $34.62

* The stock recently traded at 56 times the next 12-month earnings vs. a P/E of 57 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)