Phillips Edison & Company Reports First Quarter 2024 Results and Affirms Full Year Earnings Guidance
CINCINNATI, April 25, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of grocery-anchored neighborhood shopping centers, today reported financial and operating results for the period ended March 31, 2024 and affirmed full year 2024 earnings guidance.
- CINCINNATI, April 25, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of grocery-anchored neighborhood shopping centers, today reported financial and operating results for the period ended March 31, 2024 and affirmed full year 2024 earnings guidance.
- For the three months ended March 31, 2024, net income attributable to stockholders was $17.7 million, or $0.14 per diluted share.
- First quarter 2024 same-center net operating income (“NOI”) increased 3.7% to $106.7 million, compared to $102.9 million during the first quarter of 2023.
- During the three months ended March 31, 2024, the Company acquired two shopping centers and one land parcel for a total of $55.9 million.