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

Phillips Edison narrows 2024 Core FFO guidance to $2.40-$2.44; Q3 Core FFO up 9.6%

Positive Impact 4 of 5 guidance Written later

Phillips Edison reported third-quarter 2024 Core FFO of $84.4 million, or $0.62 per diluted share, up 9.6% from a year earlier, and narrowed its full-year 2024 Core FFO per share guidance to $2.40 to $2.44 from $2.37 to $2.45. GAAP net income attributable to stockholders fell to $11.6 million, or $0.09 per diluted share, from $12.2 million, or $0.10, a year earlier. Shareholders see higher recurring earnings and raised acquisition guidance, while reported net income declined.

Key points

  • Q3 2024 Core FFO was $84.4 million, or $0.62 per diluted share, up from $0.58 in Q3 2023.
  • Q3 2024 net income attributable to stockholders was $11.6 million, or $0.09 per diluted share, versus $12.2 million, or $0.10, in Q3 2023.
  • 2024 Core FFO per share guidance was updated to $2.40 to $2.44, from a previous $2.37 to $2.45.
  • 2024 acquisitions guidance was raised to $275 million to $325 million, from $200 million to $300 million.

The filing

CompanyPhillips Edison & (PECO)
Form8-K, current report
Filed with the SECOct 24, 2024, 4:38 PM ET
Accession number0001476204-24-000109

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits 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 October 24, 2024.

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