Phillips Edison reports Q4 core FFO 62c, consensus 61c

Reports Q4 revenue $173M, consensus $170.49M. Jeff Edison, Chairman and CEO of PECO stated: “We are pleased with our strong growth delivered in 2024. The quality of PECO’s cash flow growth is reflected in the performance of our high-quality portfolio, which is driven by our experienced team, market-leading pricing power, strong lease spreads and the many advantages of the suburban neighborhoods where we operate our grocery-anchored shopping centers. Looking ahead, the PECO team is focused on delivering accelerated Core FFO per share growth in 2025. We are excited for the growth opportunities ahead, which will be driven by strong internal growth and our expanded acquisition plan.”