Stock Track | Phillips Edison Soars 9.26% Pre-Market After Q4 Earnings Beat and Upbeat 2025 Outlook

Stock Track

02-07

Shares of Phillips Edison & Company, Inc. (PECO) surged 9.26% in pre-market trading on Friday following the company's better-than-expected fourth quarter 2024 results and positive outlook for 2025.

The real estate investment trust focused on grocery-anchored shopping centers reported fourth quarter 2024 funds from operations (FFO) of $0.62 per share, meeting Wall Street's consensus estimate. Total revenue for the quarter came in at $173.05 million, exceeding analysts' expectations of $170.49 million.

For fiscal 2025, Phillips Edison provided an upbeat FFO guidance range of $2.52 to $2.59 per share. Analysts have a consensus "buy" rating on PECO stock, with a median price target of $41, implying significant further upside from current levels.

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