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AI brief of an SEC Form 8-K · Phillips Edison & (PECO)

Phillips Edison Q2 net income $15.3 million; reaffirms 2024 FFO guidance

Mixed Impact 3 of 5 earnings Written later

Phillips Edison reported second quarter 2024 net income attributable to stockholders of $15.3 million, or $0.12 per diluted share, up from $14.5 million, or $0.12 per share, a year earlier, and reaffirmed its full-year 2024 Nareit and Core FFO per-share guidance. Per-share Nareit FFO fell to $0.57 from $0.58, and Core FFO per share was flat at $0.59, so per-share results did not improve even as dollar totals rose. The company also announced a joint venture with Cohen & Steers Income Opportunities REIT that targets $300 million in equity.

Key points

  • Q2 2024 Nareit FFO was $78.4 million, or $0.57 per diluted share, compared with $0.58 in Q2 2023.
  • Q2 2024 Core FFO was $80.0 million, or $0.59 per diluted share, flat with Q2 2023.
  • 2024 Nareit FFO guidance of $2.34 to $2.41 per share and Core FFO guidance of $2.37 to $2.45 per share were reaffirmed.
  • Management will hold a conference call on Friday, July 26, 2024, at 12:00 p.m. Eastern Time.

The filing

CompanyPhillips Edison & (PECO)
Form8-K, current report
Filed with the SECJul 25, 2024, 4:22 PM ET
Accession number0001476204-24-000097

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 25, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.