Phillips Edison Reports Strong Year-End Results

The retail-focused REIT highlights financial stability and future growth plans in latest earnings release.

February 07, 2025

Consistent Performance and Strategic Growth

Phillips Edison & Company, Inc. (NASDAQ: PECO), a leading owner and operator of grocery-anchored shopping centers, released its fourth-quarter and full-year 2024 financial results, outlining a stable performance and providing guidance for 2025. The company, headquartered in Cincinnati, Ohio, reaffirmed its focus on long-term value creation through strategic acquisitions, leasing activity, and operational efficiency.

According to the report, the company maintained a strong occupancy rate across its portfolio while continuing to benefit from high demand for well-located retail spaces. Leasing activity remained healthy, with strong tenant retention and new lease agreements contributing to revenue stability. The company's capital allocation strategy emphasized disciplined investments and balance sheet management to support sustainable growth.

2024 Results and Financial Highlights

The company’s financial statements reflected solid revenue growth and consistent net operating income across its portfolio. Key takeaways from the earnings release include:

• A stable occupancy rate, demonstrating resilience in the retail real estate sector.


• Steady growth in same-property net operating income, supported by lease renewals and rent escalations.


• Strong balance sheet positioning, enabling continued investments in property acquisitions and improvements.

Phillips Edison also maintained a disciplined approach to capital expenditures, ensuring that its properties remain attractive to both existing and prospective tenants. Management highlighted the importance of maintaining a diversified tenant base, with a significant portion of revenue coming from necessity-based retailers such as grocery stores and essential service providers.

2025 Guidance and Market Outlook

Looking ahead, the company provided its 2025 guidance, forecasting continued growth driven by a combination of lease renewals, strategic acquisitions, and effective cost management. Executives expressed confidence in the retail sector’s ongoing recovery, citing stable consumer demand and the resilience of necessity-based retail properties.

Phillips Edison plans to continue optimizing its portfolio through selective acquisitions and proactive asset management. The company also remains committed to shareholder value through consistent dividend distributions and a focus on long-term returns.

Investors and analysts will have the opportunity to hear more details during the company's scheduled conference call, where management will discuss financial performance, strategic priorities, and broader market trends affecting the business.