Phillips Edison (PECO) reported Q1 core funds from operations late Thursday of $0.65 per diluted share, up from $0.60 a year earlier.

Analysts polled by FactSet expected $0.62.

Revenue from rental income in the three months ended March 31 rose to $174.2 million from $158.1 million a year earlier.

Analysts expected $165 million.

The company affirmed 2025 guidance for core FFO per share of $2.52 to $2.59. Analysts expect $2.56.

Shares of the company rose 2.3% in after-hours trading.