PECO Earnings Prediction
The chart below shows how PECO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PECO sees a -1.00% change in stock price 10 days leading up to the earnings, and a +0.67% change 10 days following the report. On the earnings day itself, the stock moves by -0.52%. This data can give you a slight idea of what to expect for the next quarter's release.
PECO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
178.31M
10.54%
3.04%
Gross Margin
34.78%
-51.42%
-50.53%
Operating Margin
--
--
--
Net Margin
--
--
--
EPS
0.19
35.71%
26.67%
No Data Available
PECO Earnings Analysis
Phillips Edison & Co Inc Corporation (PECO.O) Earnings Conference Call
Positive
Same Center NOI Growth: Same center NOI increased by 3.9% in Q1 2025, indicating strong growth.
Occupancy Rate Performance: High occupancy rates were maintained, with portfolio occupancy at 97.1% and anchor occupancy at 98.4%.
Leasing Momentum Highlights: Strong leasing momentum was demonstrated with renewal rent spreads of 20.8% and new leasing rent spreads of 28.1%.
2025 FFO Growth Projections: The company affirmed its full year guidance for 2025, projecting NAREIT FFO per share growth of 5.7% and core FFO per share growth of 5.1%.
Diversified Tenant Resilience: PICO's diversified tenant mix includes 71% of ABR from necessity-based goods and services, providing insulation from economic downturns.
Asset Acquisition Success: The company successfully acquired $146 million in assets during the first quarter, with a strong pipeline for future acquisitions.
Strong Balance Sheet Stability: PICO's balance sheet remains robust, with $760 million in liquidity and no meaningful debt maturities until 2027.
Improved Tenant Financial Health: The company reported lower bad debt compared to the previous year, reflecting the health of its tenants.
Grocery Property Resilience: PICO's focus on grocery-anchored properties has historically provided resilience during economic downturns, as evidenced by past performance during the 2008 financial crisis and the COVID-19 pandemic.
Negative
Tariff Impact Concerns: Despite strong performance, there are concerns about potential impacts from tariffs on the company's operations, indicating uncertainty in the macroeconomic environment.
Lease Termination Impact: The company experienced a one-time lease termination fee that contributed to first quarter earnings, which is not expected to recur, potentially affecting future earnings consistency.
Occupancy Rate Trends: While occupancy rates are high, there was a sequential decline in occupancy, which is typical for the first quarter but raises questions about future trends and stability.
Retailer Tariff Challenges: The company acknowledged that some retailers may face challenges due to tariffs, with about 10% of neighbors expected to experience significant impacts, which could affect leasing discussions going forward.
Conservative Growth Outlook: The guidance for 2025 reflects a conservative approach, indicating potential headwinds in the capital markets and uncertainty in future earnings growth, despite affirming growth targets.
Variable Rate Exposure Risk: The company is facing a potential increase in variable rate exposure due to upcoming swap expirations, which could impact financial stability if interest rates rise.
Acquisition Market Slowdown: There are indications that the acquisition market may slow down, with some buyers stepping back, which could affect the company's growth strategy and acquisition plans.
PECO FAQs
How does PECO typically perform around its earnings report dates?
Is Phillips Edison & Co Inc (PECO) Q1 2025 Earnings Call Summary positive or negative?
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PECO Earning Call Sentiment
Earnings call transcript: Phillips Edison Q1 2025 earnings beat expectations
PECO.O
-0.4%Positive
The earnings call presents a mixed picture. Financial performance shows solid growth in NOI and FFO, with strong occupancy and rent collection, but concerns over rising interest rates and acquisition market tightening weigh negatively. The Q&A reveals management's confidence in handling variable rate exposure and stable occupancy, but also highlights potential acquisition slowdowns. No immediate shareholder returns through buybacks dampen positive sentiment. Overall, the market cap suggests moderate reactions, leading to a neutral stock price prediction over the next two weeks.
