Phillips Edison & Company Files 8-K

TL;DR

PECO filed an 8-K on Dec 19th, standard disclosure.

AI Summary

Phillips Edison & Company, Inc. filed an 8-K on December 19, 2024, reporting a Regulation FD Disclosure. The filing details the company's status as a real estate investment trust incorporated in Maryland with its principal executive offices in Cincinnati, Ohio.

Why It Matters

This filing serves as a public disclosure for Phillips Edison & Company, Inc., providing important information to investors and the market regarding its corporate activities.

Risk Assessment

Risk Level: low — This filing is a routine 8-K disclosure and does not appear to contain any material adverse information.

Key Numbers

• 001-40594 — SEC File Number (Identifies the company's filing with the SEC.)
• 27-1106076 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Phillips Edison & Company, Inc. (company) — Registrant
• Maryland (jurisdiction) — State of incorporation
• Cincinnati, Ohio (location) — Principal executive offices
• December 19, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.01 — hange on which registered Common Stock $0.01 par value per share PECO The Nasdaq Glo
• $0.48 — igh End Results: Net income per share $0.48 $0.50 Nareit FFO per share $2.35 $2.39
• $0.50 — d Results: Net income per share $0.48 $0.50 Nareit FFO per share $2.35 $2.39 Core
• $2.35 — share $0.48 $0.50 Nareit FFO per share $2.35 $2.39 Core FFO per share $2.40 $2.44
• $2.39 — $0.48 $0.50 Nareit FFO per share $2.35 $2.39 Core FFO per share $2.40 $2.44 Same-C
• $2.40 — r share $2.35 $2.39 Core FFO per share $2.40 $2.44 Same-Center NOI growth 3.50% 4.0
• $2.44 — e $2.35 $2.39 Core FFO per share $2.40 $2.44 Same-Center NOI growth 3.50% 4.00% Po
• $275,000 — Acquisitions (net of dispositions) (1) $275,000 $325,000 Other: Interest expense, net
• $325,000 — ons (net of dispositions) (1) $275,000 $325,000 Other: Interest expense, net $96,000
• $96,000 — $325,000 Other: Interest expense, net $96,000 $99,000 G&A expense $45,000 $47,000 N
• $99,000 — Other: Interest expense, net $96,000 $99,000 G&A expense $45,000 $47,000 Non-cash
• $45,000 — pense, net $96,000 $99,000 G&A expense $45,000 $47,000 Non-cash revenue items (2) $1
• $47,000 — et $96,000 $99,000 G&A expense $45,000 $47,000 Non-cash revenue items (2) $15,000 $1
• $15,000 — 00 $47,000 Non-cash revenue items (2) $15,000 $19,000 Adjustments for collectibility
• $19,000 — 00 Non-cash revenue items (2) $15,000 $19,000 Adjustments for collectibility $4,000

Filing Documents

• cik0001476204-20241219.htm (8-K) — 55KB
• cik0001476204-20241219_g1.jpg (GRAPHIC) — 330KB
• 0001476204-24-000115.txt ( ) — 861KB
• cik0001476204-20241219.xsd (EX-101.SCH) — 2KB
• cik0001476204-20241219_lab.xml (EX-101.LAB) — 21KB
• cik0001476204-20241219_pre.xml (EX-101.PRE) — 12KB
• cik0001476204-20241219_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Virtual Business Update As previously announced, Phillips Edison & Company, Inc. (the "Company") will host a virtual Business Update on Thursday, December 19, 2024 , beginning at 11:30 a.m. Eastern Time. Interested parties can access the webcast at https://app.webinar.net/A64aW3L9XYk. For those unable to listen to the live broadcast, an archive of the webcast will be available on the Company's investor relations website. A copy of the slides that will be used in the presentation at the virtual Business Update are also available on the Company's investor relations website. 2024 Guidance In connection with its virtual Business Update, the Company is re-affirming its previously announced guidance for the 2024 fiscal year, summarized in the table below, which is based on the Company's current view of existing market conditions and assumptions for the year ending December 31, 2024. These statements are forward-looking and actual results could differ materially depending on market conditions. Full Year 2024 Guidance (in thousands, except per share amounts) Low End High End Results: Net income per share $0.48 $0.50 Nareit FFO per share $2.35 $2.39 Core FFO per share $2.40 $2.44 Same-Center NOI growth 3.50% 4.00% Portfolio Activity: Acquisitions (net of dispositions) (1) $275,000 $325,000 Other: Interest expense, net $96,000 $99,000 G&A expense $45,000 $47,000 Non-cash revenue items (2) $15,000 $19,000 Adjustments for collectibility $4,000 $5,000 (1) Includes the prorated portion owned through the Company's unconsolidated joint ventures. (2) Represents straight-line rental income and net amortization of above- and below-market leases. A reconciliation of the range of the Company's estimated net income to estimated Nareit FFO and Core FFO can be found in the Appendix of the virtual Business Update presentation available on the Company's investor relations website. The Company does not provide a reconciliation for

Forward-Looking Statements

Forward-Looking Statements This current report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with the safe harbor provisions. Such forward-looking statements can generally be identified by the Company's use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," "seek," "objective," "goal," "strategy," "plan," "focus," "priority," "should," "could," "potential," "possible," "look forward," "optimistic," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this earnings release. Such statements include, but are not limited to: (a) statements about the Company's plans, strategies, initiatives, and prospects; (b) statements about the Company's underwritten incremental yields; and (c) statements about the Company's future results of operations, capital expenditures, and liquidity. Such statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those projected or anticipated, including, without limitation: (i) changes in national, regional, or local economic climates; (ii) local market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in the Company's portfolio; (iii) vacancies, changes in market rental rates, and the need to periodically repair, renovate, and re-let space; (iv) competition from other available shopping centers and the attractiveness of properties in the Company's portfolio to its tenants;

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PHILLIPS EDISON & COMPANY, INC. Dated: December 19, 2024 By: /s/ Jennifer L. Robison Jennifer L. Robison Chief Accounting Officer and Senior Vice President (Principal Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR