NASDAQ$PECO
Phillips Edison & Company Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Phillips Edison reported third quarter 2021 results.
Phillips Edison & Company reported a net income of $14.6 million, core FFO of $66.4 million, and an increase in same-center NOI by 8.7% compared to the third quarter of 2020. The company also raised its full-year 2021 core FFO and same-center NOI growth guidance.
- Nareit FFO totaled $56.9 million, or $0.46 per diluted share
- Core FFO totaled $66.4 million, or $0.54 per diluted share
- Leased portfolio occupancy increased to 95.6%, demonstrating a return to pre-COVID-19 levels
- Acquired two grocery-anchored shopping centers for $48.3 million during the quarter
Headline financials
Revenue & EPS history
Phillips Edison · Revenue · Quarterly
$132M
Revenue by segment
Phillips Edison · $132M total across 3 segments · Q3 2021
- Rental Income$129M+4.5%97.3%
- Fees and Management Income$2.44M-5.7%1.8%
- Other Property Income$1.07M+31.5%0.8%
Forward guidance
PECO raised full year 2021 core FFO guidance range to $2.14 - $2.18 per share from $2.10 - $2.16 per share. PECO raised full year 2021 same center NOI growth guidance range to 6.5% - 7.0% from 5.6% - 6.8%. PECO raised second half 2021 acquisition guidance range to $200 million - $270 million, and disposition guidance to $95 million - $105 million
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 Q3 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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