NASDAQ$PECO
Phillips Edison & Company Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Phillips Edison reported an increase in total revenue and funds from operations, driven by improved collections and operating performance, and completed its IPO.
Phillips Edison & Company reported positive second-quarter 2021 results, marked by an 11.8% increase in total revenues to $133.1 million and a 24.3% increase in Core FFO to $64.3 million. The company successfully closed its IPO, raising $547 million, and experienced a 10.5% increase in same-center NOI.
- Total revenues increased 11.8% to $133.1 million.
- Core FFO increased 24.3% to $64.3 million, or $0.60 per diluted share.
- Same-center NOI increased 10.5% to $87.7 million.
- Leased portfolio occupancy totaled 94.7%.
Headline financials
Revenue & EPS history
Phillips Edison · Revenue · Quarterly
$133M
Revenue by segment
Phillips Edison · $133M total across 3 segments · Q2 2021
- Rental Income$130M—97.9%
- Fees and Management Income$2.37M—1.8%
- Other Property Income$361K—0.3%
Forward guidance
Phillips Edison anticipates meaningful growth opportunities due to macroeconomic tailwinds, including population migration to the suburbs and the Sun Belt, and more people working from home.
Tailwinds
- Population migration to the suburbs and the Sun Belt.
- More people working from home.
- Investment grade balance sheet.
- Strong cash flow generating portfolio.
- Focus on owning and operating small-format centers anchored by top grocers.
Headwinds
- No specific negatives were mentioned in the provided text.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2021
+0.3%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.2%
Avg return
30 days after
43%
9 / 21 earnings
Positive
+5.7%
Q2 2021
Best reaction
-4.0%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -0.2% | +2.0% | +3.2% | |
| Q4 2025 | -0.8% | -0.3% | +2.4% | |
| Q3 2025 | +0.6% | -1.0% | +2.5% | |
| Q2 2025 | -0.3% | +0.9% | +5.0% | |
| Q1 2025 | -0.4% | -1.5% | -3.6% | |
| Q3 2024 | -1.9% | +0.4% | +6.3% | |
| Q2 2024 | -0.1% | +5.2% | +7.1% | |
| Q1 2024 | -1.9% | -1.6% | -5.4% | |
| Q4 2023 | +0.7% | -0.7% | +3.6% | |
| Q3 2023 | +0.9% | +2.6% | +3.0% | |
| Q2 2023 | +1.6% | +0.6% | -4.1% | |
| Q1 2023 | -3.0% | -1.8% | -7.4% | |
| Q4 2022 | +2.1% | +3.6% | -4.9% | |
| Q3 2022 | +5.0% | +3.5% | +9.9% | |
| Q2 2022 | +0.4% | +0.9% | -0.4% | |
| Q1 2022 | -4.0% | -8.8% | -1.3% | |
| Q4 2021 | -1.7% | +0.2% | +3.6% | |
| Q3 2021 | +4.4% | +3.4% | +2.0% | |
| Q2 2021 | +5.7% | +8.0% | +7.6% | |
| Q1 2021 | +0.0% | +0.0% | +17.9% | |
| Q4 2020 | +0.0% | +0.0% | +0.0% | |
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