Phillips Edison & Company, Inc. · NASDAQ:PECO
Phillips Edison & — Q4 2024 Earnings Presentation
20 slides from Phillips Edison &'s earnings presentation, Feb 7, 2025
Slide 1: Investor Presentation
February 2025 Investor Presentation
Slide 2: Safe Harbor and Non-GAAP Disclosures
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 2 PECO | N A S D A Q L I S T E D Safe Harbor and Non-GAAP Disclosures
Slide 3: PECO at a Glance
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 3 PECO | N A S D A Q L I S T E D PECO at a Glance Source: Company data as of December 31, 2024; Dividend yield as of December 31, 2024 and is based on an annualized rate of $1.23 per share 1. For non-GAAP reconciliations, refer to the Com
Slide 4: PECO's Focused and Differentiated Strategy
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 4 PECO | N A S D A Q L I S T E D PECO’s Focused and Differentiated Strategy ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ Source: Company data as of December 31, 2024
Slide 5: How PECO Defines Quality
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 5 PECO | N A S D A Q L I S T E D How PECO Defines Quality PECO’s focus on the #1 or #2 PECO retains a healthy and grocer is well-positioned in the diverse mix of National, market with a Locally Smart® Regional and Local Neighbors merchand
Slide 6: Retailers Growing with PECO
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 6 PECO | N A S D A Q L I S T E D Retailers Growing with PECO
Slide 7: Highly Diversified Neighbor Mix Led by Top Grocers and Necessity-Based Retailers
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 7 PECO | N A S D A Q L I S T E D Highly Diversified Neighbor Mix Led by Top Grocers and Necessity-Based Retailers • • • • • Sources: 1. % of ABR as of December 31, 2024 2. Investment Grade ratings represent the credit rating of the Compan
Slide 8: PECO Delivers Regular Income and Strong Returns
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 8 PECO | N A S D A Q L I S T E D PECO Delivers Regular Income and Strong Returns Sources: 1. Company filings as of December 31, 2024 2. For non-GAAP reconciliations, refer to the Company’s latest quarterly financial supplement or 10-K 3.
Slide 9: PECO's Cycle-Tested Performance
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 9 PECO | N A S D A Q L I S T E D PECO’s Cycle-Tested LEADING PERFORMANCE Performance • • • Sources: Company data
Slide 10: PECO's Cycle-Tested Performance
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | |1 01 0 PECO | N A S D A Q L I S T E D PECO’s Cycle-Tested LEADING PERFORMANCE Performance • • Sources: Company data
Slide 11: Strong Operating Environment
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | |1 1 1 PECO | N A S D A Q L I S T E D LEADING PERFORMANCE Strong Operating Environment Source: Company data as of December 31, 2024
Slide 12: Development and Redevelopment Activity
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 1 2 PECO | N A S D A Q L I S T E D Development and Redevelopment Activity • • • Source: 1. As of December 31, 2024
Slide 13: Strong Acquisition Volume that Drives Growth
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 1 3 PECO | N A S D A Q L I S T E D Strong Acquisition Volume that Drives Growth Source: Company data as of December 31, 2024 1. Acquisition through the Company’s Necessity Retail Venture LLC joint venture. Shown at PECO 20% share 2. Acqui
Slide 14: 2025 Earnings Guidance Summary
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 1 4 PECO | N A S D A Q L I S T E D 2025 Earnings Guidance Summary PECO’s Full Year 2025 Earnings Guidance – Updated as of February 6, 2025 All figures in millions, except per share data 2025 Guidance • Nareit FFO / share growth of 5.7% at
Slide 15: PECO's Strong and Flexible Balance Sheet Position
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 1 5 PECO | N A S D A Q L I S T E D PECO’s Strong and Flexible Balance Sheet Position • • • • • • • • • • $1,250.0 $1,000.0 $750.0 $938.9 $500.0 $21.1 $323.0 $250.0 $40.0 $350.0 $350.0 $350.0 $200.6 $161.8 $200.8 $100.0 $0.0 $37.6 $1.9 $17
Slide 16: PECO's Investments Enhance Long-Term Value
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 1 6 PECO | N A S D A Q L I S T E D PECO’s Investments Enhance Long-Term Value
Slide 17: PECO Delivers Higher Same-Center NOI Growth Over Time with Lower Capex
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 1 7 PECO | N A S D A Q L I S T E D PECO Delivers Higher Same-Center NOI Growth Over Time with Lower Capex Sources: 1. As reported in annual filings. Other companies may define/calculate differently than PECO. Accordingly, such data for th
Slide 18: Maximizing AFFO Growth and Free Cash Flow Generation
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 1 8 PECO | N A S D A Q L I S T E D Maximizing AFFO Growth and Free Cash Flow Generation • • • • • • • Source: As reported in S&P Global Capital IQ Pro Note: Peers include REG, ROIC, BRX, KIM, KRG, FRT and AKR
Slide 19: Corporate Responsibility and Sustainability
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 1 9 PECO | N A S D A Q L I S T E D Corporate Responsibility and Sustainability Source: www.phillipsedison.com/corporate-responsibility
Slide 20: Glossary of Terms
G R O C E RY C E N T ERED . C O M M U N I T Y F O C U S E D | 2 0 PECO | N A S D A Q L I S T E D Glossary of Terms
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