Phillips Edison reports Q2 core EPS 64c, consensus 63c

Reports Q2 revenue $177.75M, consensus $176.99M. Jeff Edison, chairman and CEO of Peco stated: “We are pleased to report another quarter of solid operating and financial results, with same-center NOI growth of 4.2% and Core FFO per share growth of 8.5%, reflecting the growth opportunity in our grocery-anchored portfolio. Retailer demand remains strong, and PECO’s platform is driving meaningful earnings growth. We are also capturing a meaningful portion of the transaction market with $287 million of acquisitions completed to date at our share. Although we recognize the current macroeconomic uncertainty, PECO’s strong balance sheet and highly-experienced team are well-positioned to drive continued earnings growth and market-leading operating metrics.”