Phillips Edison & — Corporate Update (December 2024)

4 slides from Phillips Edison &'s corporate update, Dec 19, 2024

Slide 1: Math Behind Long-Term Growth Assumptions
DECEMBER 2023 Phillips Edison & Company Math Behind Long-Term Growth Assumptions
Slide 2: Illustrative Growth from Leasing Spreads
GROC E RY C E NTERED. C O M M U N I T Y F OC U S E D | 2 PECO | N A S D A Q % OF ABR ONGOING LEASING SPREAD % ASSUMPTIONS (2)(3) Illustrative EXPIRING BY YEAR (1) CALCULATED ASSUMPTIONS Growth 2023 1.7% TTM Retention % 93.3% TTM Avg Retention of 93.3% and 2022/2023 Avg of 91.9% from Leasing 2024 202
Slide 3: Illustrative Growth from Rent Bumps
GROC E RY C E NTERED. C O M M U N I T Y F OC U S E D | 3 PECO | N A S D A Q IMPACT OF 2.50% RENT ESCALATORS ON TOTAL & INLINE ABR GROWTH (1)(2) Illustrative EXPIRING INLINE ABR ($M) 2024 2025 2026 2027 2028 Growth 2023 $6.7 2.50% 2.50% 2.50% 2.50% 2.50% from Rent 2024 2025 $31.4 $32.0 1.10% 1.10% 2.
Slide 4: Growth Beyond Occupancy
GROC E RY C E NTERED. C O M M U N I T Y F OC U S E D | 4 PECO | N A S D A Q Growth Beyond Occupancy These 3 components accumulate to a range of 300 - 415 bps of annual growth before any further occupancy lift th Co nt ow ra In r tG ctu ases cr Ren al R e 3% TO 4% ent SAME-CENTER New and renewal spre