Phillips Edison & Company Inc. (NASDAQ:PECO) Q2 2022 Earnings Conference Call August 5, 2022 12:00 PM ET

Company Participants

Kimberly Green - VP, IR

Jeff Edison - Chairman and CEO

Devin Murphy - President

John Caulfield - CFO

Conference Call Participants

Craig Schmidt - Bank of America

Hyoung Jhang - JPMorgan

Floris van Dijkum - Compass Point

Tayo Okusanya - Credit Suisse

Operator

Good morning, and welcome to Phillips Edison & Company’s Second Quarter 2022 Results Presentation. My name is Tanya and I will be your conference call operator today.

Before we begin, I would like to remind our listeners that today's presentation is being recorded and simultaneously webcast. The company's earnings release, quarterly financial supplement, and 10-Q were issued yesterday, August 4th after market close. These documents and a replay of today's call can be accessed on the Investors section of the Phillips Edison & Company website at phillipsedison.com.

I would now like to turn the call over to Kimberly Green, Vice President of Investor Relations with Phillips Edison & Company. Please proceed.

Kimberly Green

Thank you everyone for joining us today. I'm joined on this call by our Chairman and Chief Executive Officer, Jeff Edison; our President, Devin Murphy; and our Chief Financial Officer, John Caulfield.

During today's presentation, Jeff will highlight our strong second quarter performance; Devin will discuss our excellent operational results; and John will review our financial results, our recent capital markets activity, and increased guidance. Following our prepared remarks, we'll take questions.

Before we begin, I'd like to remind our audience that statements made during today's call may be considered forward-looking, which are subject to various risks and uncertainties as described in our SEC filings.

We'll also refer to 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 release and supplemental information packet which were issued yesterday. Participants should refer to PECO's filings to learn more about these risks and other factors and for information regarding our financial and operating results.

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

Jeff Edison

Thank you, Kim. Good morning everyone or good afternoon everyone. Our strong second quarter results confirmed that PECO's differentiated strategy of owning and operating high quality small format grocery-anchored centers is driving performance. The PECO teams focused execution combined with the strength of our national and local neighbors are resulting in financial performance beyond our internal expectations.