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.

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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.

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REITWorld conference in Los Angeles featured 29 meetings, including exclusive sessions with REIT CEOs and CFOs, and property tours. Common themes discussed included cautious optimism on 2024 fundamentals, distressed opportunities, and challenges in the market. Actionable ideas and key takeaways were gathered from the meetings, covering various sectors such as shopping centers, healthcare, multifamily, self-storage, industrial, office, and life science.

Property Type Round-Up From REITWorld

CINCINNATI, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, will host its Investment Community Day on Thursday, December 14, 2023 at 9 a.m. Eastern Time. In-person attendance is by invitation only to institutional investors and analysts. A live webcast will be provided.

Phillips Edison & Company to Host Investment Community Day

Phillips Edison & Company's defensive nature and bargaining power make it a good investment in the current retail climate. PECO's financials show steady growth, with a same-store net operating income rise of 3.2% and a record portfolio lease rate of 97.8%. The company's strong tenant retention and high pricing power indicate continued growth and favorable performance in the future.

Phillips Edison & Company: Strong Pricing Power, Good Occupancy, Defensive Nature

Phillips Edison & Company, Inc. (PECO) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Phillips Edison & Company, Inc. (PECO) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Phillips Edison & Company, Inc. (PECO) Reports Q3 Earnings: What Key Metrics Have to Say

CINCINNATI, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today reported financial and operating results for the period ended September 30, 2023 and provided updated full year 2023 earnings guidance. For the three and nine months ended September 30, 2023, net income attributable to stockholders was $12.2 million, or $0.10 per diluted share, and $43.3 million, or $0.37 per diluted share, respectively.

Phillips Edison & Company Reports Third Quarter 2023 Results and Updates Full Year Earnings Guidance

CINCINNATI, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today announced that Devin Murphy will step down as President effective December 31, 2023. Effective January 1, 2024, Bob Myers, currently the Company's Chief Operating Officer and Executive Vice President, will become President, and Joe Schlosser, currently the Company's Senior Vice President of Portfolio Management, will become Chief Operating Officer and Executive Vice President. Today's announcement is the culmination of the Company's long-standing succession plan.

Phillips Edison & Company Announces Devin Murphy to Step Down as President; Bob Myers Promoted to President; Joe Schlosser Promoted to Chief Operating Officer

CINCINNATI, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, will host a webcast on Thursday, November 9, 2023, at 12:00 p.m. ET. During the call, PECO will discuss the business and answer questions from financial advisors and retail investors.

Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors

The Zacks REIT and Equity Trust - Retail industry stocks BRX, PECO and SKT are in focus amid renewed shopper enthusiasm for in-store experiences, and an emphasis on omnichannel retailing, adaptability and essential retail tenants.

3 Retail REITs Set to Gain From Upbeat Industry Fundamentals

Builds on Its Support of Local Neighbors with Free Resources to Drive Small Business Success Builds on Its Support of Local Neighbors with Free Resources to Drive Small Business Success

Phillips Edison & Company Announces Sponsorship with The SCORE Foundation

CINCINNATI, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, will announce its Third Quarter 2023 earnings results on Tuesday, October 31, 2023, after the market closes. PECO's earnings release and supplemental information package will be posted on the Investor Relations section of the Company's website at https://investors.phillipsedison.com/. Chairman and Chief Executive Officer Jeff Edison, President Devin Murphy, and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcast, on Wednesday, November 1, 2023, at 12:00 p.m. ET.

Phillips Edison & Company Inc. Invites You to Join Its Third Quarter 2023 Earnings Conference Call

CINCINNATI, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today announced that its Board of Directors (the “Board”) has appointed Anthony “Tony” Terry to serve as an independent director, effective October 30, 2023.

Phillips Edison & Company Announces Appointment of Anthony “Tony” Terry to Board of Directors

PECO is a REIT that operates grocery-anchored shopping centers in the US. PECO has shown strong financials and occupancy rates, with consistent revenue and operating income growth. The company has a defensive nature, with healthy tenants and a flexible balance sheet, making it a recommended buy.

Phillips Edison: Defensive Stock With Strong Occupancy And Positive Tenants' Health

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Dividend-paying stocks should be in demand as investors try to safeguard their portfolios. Five such stocks are: PECO, VZ, FITB, EG, IDCC.

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Magnificent Monthly Mailbox Money

Phillips Edison & Company (PECO) rewards investors with a 4.5% dividend increase. Its ability to generate decent cash flows and solid balance sheet strength are expected to support the latest hike.

Phillips Edison (PECO) Rewards Investors With 4.5% Dividend Hike

CINCINNATI, Sept. 05, 2023 (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, today announced that its Board of Directors (the “Board”) approved a 4.5% increase to the monthly dividend distributions payable October 2, 2023 and November 1, 2023 to common stockholders of record as of September 15, 2023 and October 16, 2023, respectively.

Phillips Edison & Company Increases Monthly Dividend Distribution by 4.5% to $0.0975 Per Common Share

In sync with its external growth strategy, Phillips Edison & Company (PECO) expands in Texas with the buyout of Lake Pointe Market, a 40,600 square-foot grocery-anchored neighborhood shopping center.

Phillips Edison (PECO) Expands Portfolio, Buys Texas Property

CINNCINATI, Aug. 30, 2023 (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 shopping centers, today announced that it has acquired Lake Pointe Market, a 96.7%-occupied, 40,600-square-foot grocery-anchored neighborhood shopping center located in Rowlett, Texas. The center is shadow anchored by a Tom Thumb, the #1 grocer by sales in its three-mile trade area and one of the state's top-ranking grocers.

Phillips Edison & Company Acquires Lake Pointe Market

CINCINNATI, Aug. 28, 2023 (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, today announced that Jeff Edison, Chairman and Chief Executive Officer, is scheduled to present at the BofA Securities 2023 Global Real Estate Conference on Wednesday, September 13, 2023 at 12:40 p.m. Eastern Time.

Phillips Edison & Company to Present at BofA Securities 2023 Global Real Estate Conference

Phillips Edison, operator of essential-based shopping centers, continues to put forward record results. This includes record leased rates and renewal spreads. The strength has enabled positive revisions to full-year guidance.

Phillips Edison: Limited Catalysts, Shares Fairly Valued

Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q2 2023 Earnings Conference Call August 2, 2023 12:00 PM ET Company Participants Kim Green - VP, IR Jeffrey Edison - Chairman & CEO Devin Murphy - President John Caulfield - CFO, EVP & Treasurer Conference Call Participants Caitlin Burrows - Goldman Sachs Group Jeffrey Spector - Bank of America Merrill Lynch Ronald Kamdem - Morgan Stanley Ravi Vaidya - Mizuho Securities Juan Sanabria - BMO Capital Markets Dori Kesten - Wells Fargo Securities Todd Thomas - KeyBanc Capital Markets Floris Gerbrand Van Dijkum - Compass Point Michael Mueller - JPMorgan Chase & Co. Operator Good day, and welcome to the Phillips Edison & Company's Second Quarter 2023 Earnings Conference Call. Please note that this call is being recorded.

Phillips Edison & Company, Inc. (PECO) Q2 2023 Earnings Call Transcript

Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to FFO of $0.56 per share a year ago.

Phillips Edison & Company, Inc. (PECO) Q2 FFO and Revenues Surpass Estimates

CINCINNATI, Aug. 01, 2023 (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 reported financial and operating results for the period ended June 30, 2023 and provided updated 2023 earnings guidance. For the three and six months ended June 30, 2023, net income attributable to stockholders was $14.5 million, or $0.12 per diluted share, and $31.1 million, or $0.26, per diluted share, respectively.

Phillips Edison & Company Reports Second Quarter 2023 Results and Raises Full Year Earnings Guidance

CINCINNATI, June 29, 2023 (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 its Board of Directors (the “Board”) has appointed Parilee Edison Wang to serve as a director, effective immediately. Ms. Wang has a diverse background and brings more than 15 years of data-driven business development experience.

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