Phillips Edison & Company, Inc. (NASDAQ:PECO) Q3 2022 Earnings Conference Call November 4, 2022 12:00 PM ET

Company Participants

Kimberly Green - Vice President of Investor Relations

Jeff Edison - Chairman & Chief Executive

Devin Murphy - President

John Caulfield - Chief Financial Officer

Conference Call Participants

Ravi Vaidya - Mizuho

Mike Mueller - JPMorgan

Ronald Kamdem - Morgan Stanley

Paulina Rojas - Green Street

Todd Thomas - KeyBanc Capital Markets

Tayo Okusanya - Credit Suisse

Craig Schmidt - Bank of America

Operator

Good day and welcome to the Phillips Edison & Company's Third Quarter 2022 Earnings Conference Call. Please note that this conference is being recorded.

I will now turn the conference over to Kimberly Green, Vice President of Investor Relations. You may begin.

Kimberly Green

Thank you, operator. Thank you everyone for joining us today for Phillips Edison's third quarter 2022 earnings conference call. Once we conclude our prepared remarks, we will open the call to Q&A. After today's call, an archived version will be published on our Investor Relations website. I'm joined on this call by our Chairman and Chief Executive, Jeff Edison; our President, Devin Murphy; and our Chief Financial Officer, John Caulfield.

As a reminder, today's discussion may contain forward-looking statements about the company's views of future business and financial performance, including forward earnings guidance and future market conditions. These are based on management's current beliefs and expectations and are subject to various risks and uncertainties, as described in our SEC filings, specifically in our most recent Form 10-K and 10-Q.

In our discussion today, we will also reference certain non-GAAP financial measures. Information regarding our use of these measures and reconciliations of these measures to our GAAP results are available in our earnings press release and supplemental information packet which we posted to our Investor Relations website.

Please note that we have also posted a presentation on our website with additional information. Our caution on forward-looking statements also applies to these presentation materials.

Now, I'd like to turn the call over to Jeff Edison, our Chief Executive Officer. Jeff?

Jeff Edison

Thank you, Kim. Thank you, everyone, for joining us today. Our differentiated and focused strategy of owning grocery-anchored neighborhood shopping centers, together with our integrated operating platform have delivered another strong quarter with same-center NOI growth of 4.3%. This performance has allowed us to raise the midpoint of our 2022 guidance for the third quarter in a row.