Phillips Edison & Co. Inc.

12/17/2025 | Press release | Distributed by Public on 12/17/2025 07:26

Regulation FD Disclosure (Form 8-K)

Item 7.01 Regulation FD Disclosure.
Virtual Business Update
As previously announced, Phillips Edison & Company, Inc. (the "Company") will host a virtual Business Update on Wednesday, December 17, 2025, beginning at 12:00 p.m. Eastern Time. Interested parties can access the webcast at https://app.webinar.net/Lbx8EankOrM. For those unable to listen to the live broadcast, an archive of the webcast will be available on the Company's investor relations website. A copy of the slides that will be used in the presentation at the virtual Business Update are also available on the Company's investor relations website.
2025 Guidance
In connection with its virtual Business Update, the Company is updating its previously announced guidance for the 2025 fiscal year, summarized in the table below, which is based on the Company's current view of existing market conditions and assumptions for the year ending December 31, 2025. These statements are forward-looking and actual results could differ materially depending on market conditions.
(in thousands, except per share amounts)
UpdatedFull Year
2025 Guidance
PreviousFull Year
2025 Guidance
Net income per share $0.80 - $0.81 $0.62 - $0.65
Nareit FFO per share $2.53 - $2.54 $2.51 - $2.55
Core FFO per share $2.59 - $2.60 $2.57 - $2.61
Same-Center NOI growth 3.10% - 3.60% 3.10% - 3.60%
Portfolio Activity:
Acquisitions, gross(1)
+/- $400,000 $350,000 - $450,000
Other:
Interest expense, net $110,000 - $112,000 $108,000 - $116,000
G&A expense $48,000 - $52,000 $48,000 - $52,000
Non-cash revenue items(2)
$19,000 - $21,000 $19,000 - $21,000
Adjustments for collectibility $5,000 - $7,000 $5,000 - $7,000
(1)Includes the prorated portion owned through the Company's unconsolidated joint ventures.
(2)Represents straight-line rental income and net amortization of above- and below-market leases.
A reconciliation of the range of the Company's estimated net income to estimated Nareit FFO and Core FFO can be found in the Non-GAAP Reconciliations section of the virtual Business Update presentation available on the Company's investor relations website. The Company does not provide a reconciliation for same-center NOI estimates on a forward-looking basis because it is unable to provide a meaningful or reasonably accurate calculation or estimation of certain reconciling items which could be significant to its results without unreasonable effort.
2026 Guidance
In connection with its virtual Business Update, the Company is announcing preliminary guidance for the 2026 fiscal year, summarized in the table below, which is based upon the Company's current view of existing market conditions and assumptions for the year ending December 31, 2026. These statements are forward-looking and actual results could differ materially depending on market conditions.
(in thousands, except per share amounts)
Preliminary Full Year
2026 Guidance
Net income per share $0.74 - $0.77
Nareit FFO per share $2.65 - $2.71
Core FFO per share $2.71 - $2.77
Same-Center NOI growth 3.00% - 4.00%
Portfolio Activity:
Acquisitions, gross(1)
$400,000 - $500,000
Other:
Interest expense, net $117,000 - $127,000
G&A expense $49,000 - $53,000
Non-cash revenue items(2)
$19,000 - $21,000
Adjustments for collectibility $5,000 - $8,000
(1)Includes the prorated portion owned through the Company's unconsolidated joint ventures.
(2)Represents straight-line rental income and net amortization of above- and below-market leases.
A reconciliation of the range of the Company's estimated net income to estimated Nareit FFO and Core FFO can be found in the Non-GAAP Reconciliations section of the virtual Business Update presentation available on the Company's investor relations website. The Company does not provide a reconciliation for same-center NOI estimates on a forward-looking basis because it is unable to provide a meaningful or reasonably accurate calculation or estimation of certain reconciling items which could be significant to its results without unreasonable effort.
The information in this Item 7.01 of this Current Report on Form 8-K is being furnished to the SEC, and shall not be deemed to be "filed" with the SEC for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any other filing with the SEC except as expressly set forth by specific reference in such filing.
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