Phillips Edison Q1 net income rises to $26.3 million; net income guidance raised
Phillips Edison & Company reported first-quarter 2025 net income attributable to stockholders of $26.3 million, or $0.21 per diluted share, up from $17.7 million, or $0.14, a year earlier, and total revenues rose to $178.3 million from $161.3 million. The company raised its full-year 2025 net income per share guidance to $0.58 to $0.63 from $0.54 to $0.59, while its Nareit FFO and Core FFO per share guidance was unchanged, though the press release headline describes the guidance as affirmed.
Key points
- Net income attributable to stockholders was $26.3 million, or $0.21 per diluted share, versus $17.7 million, or $0.14, in Q1 2024
- Nareit FFO rose 11.2% to $89.0 million, or $0.64 per diluted share; Core FFO rose 11.2% to $90.8 million, or $0.65 per diluted share
- 2025 net income per share guidance is $0.58 to $0.63, up from $0.54 to $0.59; Nareit FFO and Core FFO per share guidance is unchanged at $2.47 to $2.54 and $2.52 to $2.59
- Net debt to annualized Adjusted EBITDAre was 5.3x at March 31, 2025, up from 5.0x at December 31, 2024; conference call is April 25, 2025 at 12:00 p.m. Eastern Time
The filing
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 April 24, 2025.
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