Phillips Edison & Company Reports Third Quarter 2023 Results and Updates Full Year Earnings Guidance
CINCINNATI, Oct. 31, 2023 (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 September 30, 2023 and provided updated full year 2023 earnings guidance.
- CINCINNATI, Oct. 31, 2023 (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 September 30, 2023 and provided updated full year 2023 earnings guidance.
- This compared to net income of $11.0 million, or $0.09 per diluted share, during the third quarter of 2022.
- Third quarter 2023 same-center net operating income (“NOI”) increased 3.2% to $99.9 million, compared to $96.8 million during the third quarter of 2022.
- During the nine months ended September 30, 2023, the Company acquired five properties and one land parcel for a total of $92.1 million.