Caitlin Burrows

Floris van Dijkum

Todd Thomas

Dori Kesten

Haendel St. Juste

Juan Sanabria

Michael Mueller

Omotayo Okusanya

Paulina Rojas Schmidt

Ronald Kamdem

Jeffrey Spector

Samir Khanal

Cooper Clark

Daniel Purpura

Kenneth Billingsley

Michael Muller

Ravi Vaidya

Rich Hightower

- Phillips Edison & Company (PECO) announced a **5.7% increase** in its dividend distribution rate, marking its fifth consecutive annual increase, and raised its **full-year 2025 guidance** in July, reflecting **6% core FFO per share growth** at the midpoint.  **[1476204_2156050_1]** 
- The company has closed **$302 million** in acquisitions at PICO share year-to-date, reaffirming its full-year guidance range of **$350 million to $450 million** in gross acquisitions with a targeted **9% unlevered IRR**.  **[1476204_2156050_2]** 
- PECO maintains a strong balance sheet with low leverage at approximately **32% loan to value** and expects long-term mid to high single-digit core FFO and AFFO growth.  **[1476204_2156050_2]** **[1476204_2156050_7]** 
- The company highlights the resilience of its necessity-based, grocery-anchored portfolio, which experienced minimal occupancy loss during past economic downturns, and is actively investing in **20 AI projects** for efficiency.  **[1476204_2156050_3]** **[1476204_2156050_6]**

Phillips Edison & Company Updates on 2025 Guidance, Dividend, and Acquisition Strategy

- **Phillips Edison & Company (PECO)** reported strong year-to-date financial results as of June 30, 2025, with Core FFO per share increasing by **9.8%** and same-center NOI growing **4.1%** to **$229.6 million**.  **[1476204_2155744:11]** 
- The company demonstrated operational strength with a **97%** leased portfolio occupancy and comparable new and renewal leasing spreads of **31.8%** and **19.9%** year-to-date as of June 30, 2025, respectively.  **[1476204_2155744:11]** 
- PECO maintains a strong balance sheet with **$972 million** in liquidity and a trailing 12-month Net Debt-to-Adjusted-EBITDAre of **5.4x** as of June 30, 2025.  **[1476204_2155744:11]** 
- The monthly dividend rate was increased by **5.7%** in September 2025, leading to a current annualized dividend distribution of **$1.30** and a dividend yield of **3.7%**.  **[1476204_2155744:14]** 
- For 2025, PECO anticipates **6.3%** Nareit FFO per share growth at the guidance midpoint and has a full-year gross acquisition guidance of **$350 million to $450 million**, with **$302 million** already acquired year-to-date.  **[1476204_2155744:11]** **[1476204_2155744:14]**

Phillips Edison & Company Reports Strong YTD 2025 Financial and Operational Results, Raises Dividend

- Phillips Edison & Company anticipates **3% to 4% NOI growth** and **6% to 7% FFO growth** for the current year (2025) and next year, having recently **raised its dividend by almost 6%**.  **[1476204_2137374_0]** 
- The company maintains high occupancy rates, with overall occupancy at **97.4%** and inline occupancy at **94.8%**, which is projected to increase to **96.5%** over the next **18 to 24 months**.  **[1476204_2137374_0]** **[1476204_2137374_2]**  New leasing spreads are strong at **30% to 35%**, and renewal spreads are approximately **20%**.  **[1476204_2137374_0]** 
- PECO's acquisition strategy targets an **unlevered IRR above 9%**, with **$303 million** acquired year-to-date and an additional **$100 million** in the pipeline, aligning with their **$350 million to $450 million** annual guidance.  **[1476204_2137374_2]**  Acquisitions are funded by disposing of stabilized assets, creating a **200 basis point spread** between selling (7% unlevered IRR) and buying (9% unlevered IRR).  **[1476204_2137374_3]** 
- The company's balance sheet is strong with leverage at **5.4 times** (target mid-five times) and no meaningful debt maturities until **2027**.  **[1476204_2137374_3]**

Phillips Edison & Company Discusses Financial Outlook, Portfolio Performance, and Acquisition Strategy