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

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Earnings data Q1 2024

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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.

The grocery-focused real estate investment trust (REIT) is finally cooling off from a sizzling start to the summer. After surging 21% off its May 25th bottom, the mid-cap REIT retreated all five days last week in conjunction with the broad market pullback.

PECO Pullback Presents a Retail REIT Worth Shopping For

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Strip Center REIT fundamentals have improved materially over the past year and continue to be underappreciated in the market as a decade-long “retail apocalypse” narrative has been tough to shake. The combination of near-zero new development and positive net store openings since 2021 has driven occupancy rates to record-highs and allowed Strip Center REITs to enjoy some long-awaited pricing power. These favorable property-level supply/demand fundamentals have translated into impressive double-digit rent growth spreads since mid-2022 and the best earnings “beat rate” of any property sector during that time.

Strip Center REITs: Retail Apocalypse Is Over

CINCINNATI, June 20, 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 Second Quarter 2023 earnings results on Tuesday, August 1, 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, August 2, 2023, at 12:00 p.m. ET.

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

Phillips Edison & Company owns and operates grocery-anchored properties in the Sunbelt region of the U.S. The company maintains high leased rates and a conservative debt profile. In the current quarter, several operating metrics reached new record milestones.

Phillips Edison: Record Portfolio Metrics But Shares Fairly Valued

CINCINNATI, May 30, 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 Jeff Edison, Chairman and Chief Executive Officer will present at Nareit REITweek on Tuesday, June 6, 2023 at 9:30 a.m. Eastern Time.

Phillips Edison & Company to Present at Nareit REITweek 2023 Investor Conference

CINCINNATI--(BUSINESS WIRE)--Phillips Edison & Company (NASDAQ: PECO), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today commented on the top shopping center trends of 2023 as part of ICSC Las Vegas. Mike Conway, Vice President of National Accounts and Retail Partnerships at PECO, said, “We continue to see strong demand for space among growing retailers, which we believe is a reflection of their expectations for the impact – or lack th.

Phillips Edison & Company Highlights Top Trends of 2023 for Grocery-Anchored Neighborhood Shopping Centers

Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q1 2023 Earnings Conference Call May 3, 2023 12:00 PM ET Company Participants Kimberly Green - Head, IR Jeff Edison - Chairman & CEO Devin Murphy - President John Caulfield - CFO Conference Call Participants Craig Schmidt - Bank of America Caitlin Burrows - Goldman Sachs Tayo Okusanya - Credit Suisse Mike Mueller - JP Morgan Haendel St. Juste - Mizuho Ronald Kamdem - Morgan Stanley Juan Sanabria - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Floris van Dijkum - Compass Point Paulina Rojas - Green Street Operator Good day, and welcome to Phillips Edison & Company's First Quarter 2023 Earnings Conference Call. Please note that this call is being recorded.

Phillips Edison & Company, Inc. (PECO) Q1 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 $0.58 per share. This compares to FFO of $0.56 per share a year ago.

Phillips Edison & Company, Inc. (PECO) Tops Q1 FFO and Revenue Estimates

CINCINNATI, May 02, 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, reported net income attributable to stockholders of $16.6 million, or $0.14 per diluted share, for the three months ended March 31, 2023.

Phillips Edison & Company Reports First Quarter 2023 Results and Affirms Full Year Earnings Guidance

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"The world's favorite season is the spring. All things seem possible in May." - Edwin Way Teale. It's time for another edition of "Monthly Mailbox Money".

Monthly Mailbox Money In May

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Media pundits frequently and sloppily equate office buildings with "commercial real estate," but the two are not equal. There's a lot more to CRE than half-empty downtown office towers. I am staying far, far away from office REITs, even if they seem like deep values right now.

Blue-Chip Real Estate Is A Bargain - Top Picks Across 5 Sectors

Phillips Edison & Company, Inc. (PECO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Phillips Edison & Company, Inc. (PECO) Upgraded to Buy: Here's What You Should Know

Phillips Edison & Company is a REIT that derives 97% of its annualized base rents from grocery centers. Shares have preserved their value more so than their peers on both a yearly and YTD basis.

Phillips Edison: A Grocery-Anchored Monthly Dividend Payer

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Generally speaking, investing in blue-chip stocks that pay monthly dividends has several advantages. The most obvious advantage, and one that's particularly attractive currently, is income.

7 Blue-Chip Stocks That Pay You Monthly Dividends

CINCINNATI, March 22, 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 first quarter earnings results on Tuesday, May 2, 2023, after the market close. PECO's earnings release and supplemental information package will be posted on the Investor Relations section of the Company's website at 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 to discuss results, which will be webcast on Wednesday, May 3, 2023, at 12:00 p.m. ET.

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

CINCINNATI, March 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 announced that Jeff Edison, Chairman and Chief Executive Officer, will participate in a roundtable presentation at Citi's 2023 Global Property CEO Conference on Wednesday, March 8, 2023 at 10:35 a.m. Eastern Time. To access the Company's live presentation, use the webcast registration link below.

Phillips Edison & Company to Present at Citi's 2023 Global Property CEO Conference

Today, I want to leave the ugly ducklings and focus on the SWANs and or the SWAN-a-bees. In other words, I want to recap some of the safest “sleep well at night” monthly paying REITs and to recap the fundamentals and valuations for each constituent.

Monthly Mailbox Money: The SWAN Edition

PECO just reported Q4 and full-year 2022 results, which were predictably solid. But PECO isn't a high-growth REIT, so it is important to give yourself some margin of safety when buying shares.

Phillips Edison & Company: A Defensive, Grocery-Anchored Retail REIT To Buy On Dips

Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q4 2022 Earnings Conference Call February 10, 2023 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeffrey Edison - Chairman and CEO Devin Murphy - President John Caulfield - CFO Conference Call Participants Craig Schmidt - Bank of America Merrill Lynch Ravi Vaidya - Mizuho Tayo Okusanya - Credit Suisse Juan Sanabria - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Floris van Dijkum - compass point Paulina Rojas - Green Street Michael Mueller - JPMorgan Ronald Kamdem - Morgan Stanley Operator Good day, ladies and gentlemen, and welcome to Phillips Edison & Company's Fourth Quarter and Full Year 2022 Earnings Conference Call. Please note that this call is being recorded.

Phillips Edison & Company, Inc. (PECO) Q4 2022 Earnings Call Transcript

Phillips Edison & Company, Inc. (PECO) delivered FFO and revenue surprises of 3.70% and 0.40%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Phillips Edison & Company, Inc. (PECO) Tops Q4 FFO and Revenue Estimates

CINCINNATI, Feb. 09, 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, reported net income attributable to stockholders of $13.7 million, or $0.12 per diluted share, for the three months ended December 31, 2022, and net income attributable to stockholders of $48.3 million, or $0.42 per diluted share, for the full year ended December 31, 2022.

Phillips Edison & Company Reports Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance

CINCINNATI, Jan. 18, 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, today announced its tax reporting information for the 2022 distributions to holders of its common stock.

Phillips Edison & Company Announces Tax Reporting Information for 2022 Distributions

CINCINNATI--( BUSINESS WIRE )--Phillips Edison & Company (NASDAQ: PECO), one of the nation's largest owners and operators of grocery-anchored shopping centers, today released its findings on the top shopping center trends to watch in 2023 as part of ICSC New York.

Phillips Edison & Company Reveals Top Shopping Center Trends to Watch in 2023

CINCINNATI, Dec. 05, 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, will announce its fourth quarter earnings results on Thursday, February 9, 2023, after the market close. PECO's earnings release and supplemental information package will be posted on the Investor Relations section of the Company's website at 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 to discuss results, which will be webcast on Friday, February 10, 2023, at 12:00 p.m. ET.

Phillips Edison & Company, Inc. Invites You To Join Its Fourth Quarter 2022 Earnings Conference Call

Phillips Edison & Company owns a portfolio of grocery-anchored neighborhood shopping centers that are leased to some of the top operators in the U.S. The company continues to post solid earnings results marked with strong occupancy levels and robust leasing spreads.

Phillips Edison: Too Much Exposure To Kroger And Albertsons

News for Phillips Edison & Co Inc Stock (PECO)