Phillips Edison & Company, Inc. · NASDAQ:PECO
Phillips Edison & — Q1 2025 Earnings Presentation
24 slides from Phillips Edison &'s earnings presentation, Apr 25, 2025
Slide 1: Q1 2025 Earnings Presentation
Q1 2025 Earnings 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 March 31, 2025; Dividend yield as of March 31, 2025 and is based on an annualized rate of $1.23 per share 1. Company data as of December 31, 2024 2. For non-GAAP
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 March 31, 2025 1. Includes the prorated portion owned through the Company’s unconsolidated joint ventures 2. Fo
Slide 5: Grocery-Anchored Centers Benefit from Macroeconomic Trends that Provide Strong Tailwinds for 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 | 5 PECO | N A S D A Q L I S T E D Grocery-Anchored Centers Benefit from Macroeconomic Trends that Provide Strong Tailwinds for PECO • • • ‒ • ‒ • • ‒ • • • • Sources: 1. % of ABR as of March 31, 2025; Includes the prorated portion owned th
Slide 6: Grocery Foot Traffic Remains Strong
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 Grocery Foot Traffic Remains Strong 15.5 14.7 14.9 16.4 17.0 17.2 17.2 2019 2020 2021 2022 2023 2024 TTM Sources: 1. Placer.ai
Slide 7: 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 | 7 PECO | N A S D A Q L I S T E D PECO Delivers Regular Income and Strong Returns Sources: 1. Guidance provided as of April 24, 2025 2. For non-GAAP reconciliations, refer to the Company’s latest quarterly financial supplement or 10-Q 3. C
Slide 8: 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 | 8 PECO | N A S D A Q L I S T E D How PECO Defines Quality
Slide 9: PECO's Grocery-Anchored Advantage
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 Grocery- Anchored Advantage PECO GROCER SALES PSF GROWTH (4) 2019 2020 2021 2022 2023 2024 Q1 2025 Sources: 1. Based on the most recently reported sales data available 2. Company data as of March 31
Slide 10: Total Portfolio Neighbors by Type
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 0 PECO | N A S D A Q L I S T E D Total Portfolio Neighbors 5% by Type 8% 30% 9% • 12% • • 20% 16% Source: Company data as of March 31, 2025 Total portfolio ABR; Includes the prorated portion owned through the Company’s unconsolidated jo
Slide 11: Local Neighbors by Type
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 PECO | N A S D A Q L I S T E D Local Neighbors by Type 4% 8% 28% 35% 9% • • 17% • 72% 27% Source: Company data as of March 31, 2025 Total portfolio ABR; Includes the prorated portion owned through the Company’s unconsolidated joint ve
Slide 12: Math Behind Local Neighbors
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 Math Behind Local Neighbors • • • • Source: Company data as of March 31, 2025
Slide 13: 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 | 1 3 PECO | N A S D A Q L I S T E D Retailers Growing with PECO
Slide 14: 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 | 1 4 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 March 31, 2025; Includes the prorated portion owned through the Company’s unconsolida
Slide 15: 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 5 PECO | N A S D A Q L I S T E D PECO’s Cycle-Tested LEADING PERFORMANCE Performance • • • Sources: Company data
Slide 16: 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 6 PECO | N A S D A Q L I S T E D PECO’s Cycle-Tested LEADING PERFORMANCE Performance • • Sources: Company data
Slide 17: 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 7 PECO | N A S D A Q L I S T E D LEADING PERFORMANCE Strong Operating Environment Source: Company data as of March 31, 2025
Slide 18: Strong 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 8 PECO | N A S D A Q L I S T E D Strong Development and Redevelopment Activity • • • Source: 1. As of March 31, 2025
Slide 19: Strong Acquisition Volume
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 Strong Acquisition Volume • Source: Company data as of April 14, 2025 1. Acquisition through the Company’s Necessity Retail Venture LLC joint venture. Contract price shown at PECO’s 20% share 2. Acquired
Slide 20: 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 | 2 0 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 April 24, 2025 All figures in millions, except per share data • • The Company does not provide a reconciliation for
Slide 21: 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 | 2 1 PECO | N A S D A Q L I S T E D PECO’s Strong and Flexible Balance Sheet Position • • • • • • • • • Source: 1. Company data as of March 31, 2025. Revolver capacity is net of letters of credit. Includes options to extend both the revolv
Slide 22: 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 | 2 2 PECO | N A S D A Q L I S T E D PECO’s Investments Enhance Long-Term Value
Slide 23: 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 | 2 3 PECO | N A S D A Q L I S T E D Corporate Responsibility and Sustainability Source: www.phillipsedison.com/corporate-responsibility
Slide 24: 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 4 PECO | N A S D A Q L I S T E D Glossary of Terms
Phillips Edison & Company — Q1 2025 Earnings Presentation on 6ix