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Phillips Edison & Company Sees FY22 FFO $2.09-$2.15 Vs $2.07-$2.13 Prior

Updated Full Year 2022 Guidance Prior Full Year 2022 Guidance Net income per share $0.34 – $0.40 $0.29 – $0.35 Nareit FFO per

August 4, 2022

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Updated Full Year 2022 Guidance	Prior Full Year 2022 Guidance
Net income per share	$0.34 – $0.40	$0.29 – $0.35
Nareit FFO per share	$2.09 – $2.15	$2.07 – $2.13
Core FFO per share	$2.19 – $2.25	$2.18 – $2.24
Same-Center NOI growth	3.75% – 4.5%	3.25% – 4.0%
Acquisitions (net of dispositions)	$200 – $300 million	$300 – $400 million