Phillips Edison & Co Inc

Phillips Edison & Co., Inc. is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also engages in investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services. The company was founded by Jeffrey S. Edison and Michael C. Phillips in 1991 and is headquartered in Cincinnati, OH.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

PECO reports robust growth in 2022, eyes sustainable expansion

PECO's strong financial performance and strategic focus on grocer-anchored centers position it for continued growth.
Challenges in managing debt, addressing maturities, and potential economic headwinds require careful planning.
Opportunities in outparcel development, tenant diversification, and sustainable growth strategies offer avenues for expansion.

PECO excels in Q1 with record occupancy and strategic growth

PECO delivered a strong quarter with notable financial performance and strategic achievements.
The company's focus on necessity-based goods, strong leasing spreads, and diverse portfolio positions it well for growth.
Challenges include deal activity, term loan maturities, and managing seasonality impacts.
Opportunities lie in backfilling spaces, optimizing occupancy levels, and negotiating rent bumps for revenue growth.

Phillips Edison & Co Inc (PECO) reports record performance and growth outlook

PECO's Q2 2023 earnings call highlighted strong operational performance, strategic focus on grocery-anchored centers, and positive outlook on financial metrics. The company aims for continued growth through internal strategies, acquisitions, and prudent financial management amidst market challenges and opportunities.

Phillips Edison & Co Inc (PECO) reports strong Q3 performance and strategic growth focus

Phillips Edison & Co Inc (PECO) Q3 2023 Earnings Call reflects solid performance, strategic focus on core assets, and commitment to growth strategies. The company navigates challenges while capitalizing on opportunities in the market.

PECO reports strong 2023 growth, eyes acquisitions for future expansion

PECO's robust financial performance in 2023, driven by strategic acquisitions and strong operational metrics, positions the company for continued growth. Despite facing interest rate challenges, PECO remains optimistic about its long-term outlook and growth prospects.

PECO reports solid Q1 earnings, eyes growth amid debt challenges

PECO's strong Q1 performance and proactive growth strategy position the company well for the year ahead. Operational strengths in leasing and occupancy, coupled with a disciplined approach to acquisitions, offer growth opportunities. Challenges in managing bad debt and leverage require careful navigation.

PECO reports robust Q2 earnings, eyes expansion through strategic acquisitions

PECO's Q2 performance showcased strong growth and financial stability. The company's focus on grocery-anchored centers and strategic acquisitions is driving success. Addressing challenges and seizing growth opportunities will be key for future performance.

Phillips Edison & Co Inc (PECO) reports strong Q3 performance and growth outlook

Overall, Phillips Edison & Co Inc (PECO) showcased strong operating performance, balance sheet strength, and a positive outlook for future growth. The company's focus on acquisitions, lease renewals, and strategic balance sheet management were key highlights of the earnings call.

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Phillips Edison & Co., Inc. is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services. The company was founded by Jeffrey S. Edison and Michael C. Phillips in 1991 and is headquartered in Cincinnati, OH.

PECO's portfolio is almost entirely focused on grocery-anchored shopping centers wherein necessity-based goods and services account for the majority of rent.

Phillips Edison & Company: A Defensive Grocery-Anchored Retail REIT For Troubled Times

CINCINNATI , March 24, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, plans to issue its first quarter earnings release after market close on Thursday, May 5, 2022. PECO plans to host a conference call and webcast on Friday, May 6, 2022, at 12:00 p.m. Eastern Time to discuss its results.

Phillips Edison & Company Announces First Quarter 2022 Earnings Release and Conference Call

CINCINNATI, March 03, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, today announced that it will present at the Citi 2022 Global Property CEO Conference Tuesday, March 8, 2022 at 3:30 p.m. Eastern Time.

Phillips Edison & Company to Present at the Citi 2022 Global Property CEO Conference

Phillips Edison & Company, Inc. (PECO) CEO Jeff Edison on Q4 2021 Results - Earnings Call Transcript

CINCINNATI, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, reported net loss attributable to stockholders of $5.2 million, or $0.05 per diluted share, for the three months ended December 31, 2021, and net income attributable to stockholders of $15.1 million, or $0.15 per diluted share, for the full year ended December 31, 2021.

Phillips Edison & Company Reports Fourth Quarter and Full Year 2021 Results; Provides 2022 Guidance

CINCINNATI, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, provided tax reporting information for its 2021 distributions.

Phillips Edison & Company Issues Tax Reporting Information for 2021 Distributions

CINCINNATI, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, plans to issue its fourth quarter earnings release and provide its 2022 full-year guidance after market close on Thursday, February 10, 2022. PECO plans to host a conference call and webcast on Friday, February 11, 2022, at 12:00 p.m. Eastern Time to discuss its results and guidance.

Phillips Edison & Company to Issue Fourth Quarter 2021 Earnings Release and Host Results Presentation

CINCINNATI, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, provided an acquisition and disposition activity update for the fourth quarter and second half of 2021.

Phillips Edison & Company Provides Transaction Activity Update for 2021

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PECO is a newly IPO'd grocery-anchored shopping center REIT, similar in many ways to industry leader Regency Centers.

3 Reasons To Buy Phillips Edison & Co. Instead Of Regency Centers

CINCINNATI, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, announced today that all outstanding shares of its Class B Common Stock will automatically convert into Nasdaq-listed Common Stock on a one-for-one basis and begin trading on the Nasdaq on January 18, 2022.

Phillips Edison & Company Announces Conversion Date of Class B Common Stock into Nasdaq-Listed Common Stock

CINCINNATI--(BUSINESS WIRE)--Phillips Edison & Company (NASDAQ: PECO), one of the nation's largest owners and operators of grocery-anchored shopping centers, released today its insights on the top shopping center trends to watch in 2022 as part of ICSC's Here, We Go event. Among the trends PECO is tracking, the company noted various ways retailers are finding to get closer to their consumers, including a focus among traditionally bigger-box brands to open smaller-format concepts. Leading re

Phillips Edison Reveals Top Retail Shopping Center Trends to Watch in 2022

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CINCINNATI, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, announced that effective as of the close of the market on November 30, 2021, it will be added to the MSCI US REIT Index and the MSCI Global Small Cap Index, as part of the November 2021 Semi-Annual Index Review for the MSCI Equity Indexes.

Phillips Edison & Company to be Added to the MSCI US REIT Index and the MSCI Global Small Cap Index

Phillips Edison & Company's (PECO) CEO Jeff Edison on Q3 2021 Results - Earnings Call Transcript

CINCINNATI, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, reported net income attributable to common stockholders of $14.6 million, or $0.13 per diluted share, for the three months ended September 30, 2021.

Phillips Edison & Company Reports Third Quarter 2021 Results; Raises Core FFO and Acquisitions Guidance

CINCINNATI--(BUSINESS WIRE)--Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, today released its annual corporate social responsibility (“CSR”) report for the 2020 calendar year. The report details the comprehensive CSR initiatives PECO is undertaking across various categories, including environmental responsibility, community involvement, diversity and inclusion, and ass

Phillips Edison & Company Issues Annual Corporate Social Responsibility Report

CINCINNATI, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, today announced that its operating partnership, Phillips Edison Grocery Center Operating Partnership I, L.P. (the “operating partnership”), has priced a public offering of $350 million aggregate principal amount of 2.625% senior notes due 2031 (the “notes”). The notes were priced at 98.692% of the principal amount and will mature on November 15, 2031. The offering is expected to settle on October 6, 2021, subject to the satisfaction of customary closing conditions. The notes will be fully and unconditionally guaranteed by PECO.

Phillips Edison & Company Announces Pricing of Upsized Debut Offering of $350 Million Aggregate Principal Amount of 2.625% Senior Notes due 2031

CINCINNATI, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, today announced that its Board of Directors (the “Board”) unanimously approved a 6% increase to the monthly distribution payable November 1, 2021 to stockholders of record at the close of business on October 15, 2021.

Phillips Edison & Company Increases Monthly Distribution Rate by 6% to $0.09 Per Share

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CINCINNATI, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, will present at the BofA Securities 2021 Global Real Estate Conference on Tuesday, September 21, 2021 at 11:15 a.m. Eastern Time.

Phillips Edison & Company to Present at BofA Securities 2021 Global Real Estate Conference

CINCINNATI, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, plans to issue its third quarter earnings release after market close on Thursday, November 4, 2021. PECO plans to host a conference call and webcast on Friday, November 5, 2021 at 10:00 a.m. Eastern Time to discuss its results.

Phillips Edison & Company to Issue Third Quarter 2021 Earnings Release and Host Results Presentation

CINCINNATI--(BUSINESS WIRE)--Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, is pleased to celebrate the grand opening of Publix's newest store at Shoppes of Lake Village in Leesburg, Florida. Publix is the number one grocer in Florida and its new 48,387 square-foot store at Shoppes of Lake Village will offer shoppers a diverse collection of premier quality food. “Adding

Phillips Edison & Company Announces the Grand Opening of Publix at Shoppes of Lake Village in Leesburg, FL

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News for Phillips Edison & Co Inc Stock (PECO)