NASDAQ$PECO
Phillips Edison & Company Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Phillips Edison reported a net loss attributable to stockholders of $5.2 million, or $0.05 per diluted share, for the quarter ended December 31, 2021.
Phillips Edison & Company reported strong Q4 2021 results, with same-center NOI increasing 15.2% and leased portfolio occupancy reaching a record 96.3%. The company completed its debut public debt offering and is positioned for attractive external growth through acquisitions.
- Nareit FFO totaled $49.4 million, or $0.39 per diluted share.
- Core FFO totaled $60.8 million, or $0.47 per diluted share.
- Same-center NOI increased 15.2% versus the three months ended December 31, 2020.
- Leased portfolio occupancy increased to a record 96.3%.
Headline financials
Revenue & EPS history
Phillips Edison · Revenue · Quarterly
$137M
Revenue by segment
Phillips Edison · $137M total across 3 segments · Q4 2021
- Rental Income$133M+12.4%96.8%
- Fees and Management Income$3.24M+40.0%2.4%
- Other Property Income$1.11M+192.1%0.8%
Forward guidance
The following guidance is based upon PECO’s current view of existing market conditions and assumptions for the year ending December 31, 2022.
Tailwinds
- Net income per share $0.29 - $0.35
- Nareit FFO per share $2.05 - $2.12
- Core FFO per share $2.16 - $2.24
- Same-Center NOI growth 3.0% - 4.0%
- Acquisitions (net of dispositions) $300 - $400 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 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 |
|---|---|---|---|---|
| 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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