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 Q3 2023

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Earnings data Q1 2024

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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.

Phillips Edison is exhibiting strong portfolio fundamentals with record-high occupancy. It's also seeing strong double-digit rent growth on new and renewal leases.

Phillips Edison: Monthly Pay And Record Occupancy

Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q3 2022 Earnings Conference Call November 4, 2022 12:00 PM ET Company Participants Kimberly Green - Vice President of Investor Relations Jeff Edison - Chairman & Chief Executive Devin Murphy - President John Caulfield - Chief Financial Officer Conference Call Participants Ravi Vaidya - Mizuho Mike Mueller - JPMorgan Ronald Kamdem - Morgan Stanley Paulina Rojas - Green Street Todd Thomas - KeyBanc Capital Markets Tayo Okusanya - Credit Suisse Craig Schmidt - Bank of America Operator Good day and welcome to the Phillips Edison & Company's Third Quarter 2022 Earnings Conference Call. Please note that this conference is being recorded.

Phillips Edison & Company, Inc. (PECO) Q3 2022 Earnings Call Transcript

Phillips Edison & Company, Inc. (PECO) delivered FFO and revenue surprises of 9.43% and 2.49%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Phillips Edison & Company, Inc. (PECO) Q3 FFO and Revenues Top Estimates

CINCINNATI, Nov. 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, reported net income attributable to stockholders of $11.0 million, or $0.09 per diluted share, for the three months ended September 30, 2022.

Phillips Edison & Company Reports Third Quarter 2022 Results and Raises Full Year Guidance

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For much of the last decade, pundits have been calling for the death of brick and mortar retail. The last few years proved out the benefit of retailers offering customers multiple channels and highlighted the indispensability of brick and mortar retail.

Shopping Center REITs: Supply/Demand Too Good To Ignore

CINCINNATI, Sept. 29, 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 third quarter earnings results on Thursday, November 3, 2022, 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 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 to discuss results, which will be webcast on Friday, November 4, 2022, at 12:00 p.m. ET.

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

CINCINNATI, Sept. 12, 2022 (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 it will participate in a roundtable presentation at the BofA Securities 2022 Global Real Estate Conference Tuesday, September 13, 2022 at 2:10 p.m. Eastern Time.

Phillips Edison & Company to Present at BofA Securities 2022 Global Real Estate Conference

PECO's stock price has been relatively stable, thanks to its portfolio of grocery-anchored shopping centers. The company has a strong growth outlook, with management targeting a high single-digit IRR on future acquisitions.

Phillips Edison: Grocery-Anchored Quality

CINCINNATI, Sept. 06, 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 its Board of Directors (the “Board”) approved a 3.7% increase to the monthly distributions payable October 3, 2022 and November 1, 2022 to stockholders of record at the close of business on September 16, 2022 and October 17, 2022, respectively.

Phillips Edison & Company Increases Monthly Distribution Rate by 3.7% to $0.0933 Per Share

Phillips Edison & Company Inc. (NASDAQ:PECO ) Q2 2022 Earnings Conference Call August 5, 2022 12:00 PM ET Company Participants Kimberly Green - VP, IR Jeff Edison - Chairman and CEO Devin Murphy - President John Caulfield - CFO Conference Call Participants Craig Schmidt - Bank of America Hyoung Jhang - JPMorgan Floris van Dijkum - Compass Point Tayo Okusanya - Credit Suisse Operator Good morning, and welcome to Phillips Edison & Company's Second Quarter 2022 Results Presentation. My name is Tanya and I will be your conference call operator today.

Phillips Edison & Company Inc. (PECO) CEO Jeff Edison on Q2 2022 Results Earnings Call Transcript

Phillips Edison & Company, Inc. (PECO) delivered FFO and revenue surprises of 3.70% and 0.64%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

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

CINCINNATI, Aug. 04, 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 income attributable to stockholders of $13.5 million, or $0.12 per diluted share, for the three months ended June 30, 2022.

Phillips Edison & Company Reports Second Quarter 2022 Results and Raises Core FFO Guidance

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After meeting with over 25 companies in New York for the first in-person NAREIT sponsored conference since November 2019, we came away extremely positive on the fundamentals for REITs. Across the board, leasing, occupancy, and rent growth are tracking at or above expectations, and the recent increase in interest rates has already slowed new construction, further tilting the supply.

Equity REITs: Takeaways From NAREIT REIT Week

CINCINNATI, June 27, 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 second quarter earnings release after market close on Thursday, August 4, 2022. PECO plans to host a conference call and webcast on Friday, August 5, 2022, at 12:00 p.m. Eastern Time to discuss its results.

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

Phillips Edison is a large grocery-anchored shopping center REIT with strong portfolio fundamentals. It maintains a solid financial footing and has a promising future with its development pipeline.

Phillips Edison: Jump Into This REIT Before It Takes Off

Healthcare and grocery stores provide the essentials for these two buy-and-holds.

2 REITs That Are Outperforming the NASDAQ

CINCINNATI, June 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 Jeff Edison, Chairman and Chief Executive Officer, and John Caulfield, Chief Financial Officer and Treasurer, are scheduled to present at the Nareit REITweek: 2022 Investor Conference on Wednesday, June 8, 2022 at 2:45 p.m. Eastern Time. To listen to the presentation live, please use the webcast information provided below. A link to the webcast will be available for replay on the Investor Relations page of the Company's website at investors.phillipsedison.com.

Phillips Edison & Company to Present at Nareit REITweek: 2022 Investor Conference

CINCINNATI--(BUSINESS WIRE)--Phillips Edison & Company (Nasdaq: PECO) is pleased to announce that it has received gold-level recognition as a 2022 Green Lease Leader during the Better Buildings, Better Plants Summit. This has been announced by The Institute for Market Transformation (IMT) and the U.S. Department of Energy's (DOE) Better Buildings Alliance. Launched in 2014, Green Lease Leaders sets national standards for what constitutes a green lease, while recognizing landlords and tenant

Phillips Edison Receives Green Lease Leaders Gold Recognition

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 taking shape in 2022 as part of ICSC Las Vegas. Common themes driving this year's trends are proximity and convenience, as retailers across all categories seek to gain easier access to their end consumers. This has led some retailers to evolve or shift their real estate stra

Phillips Edison & Company Reveals Top Shopping Center Trends of 2022

CINCINNATI--(BUSINESS WIRE)--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 has amended its credit facility agreement (the “Amendment”) to, among other things, increase revolving credit commitments by $300 million under its revolving credit facility, increasing the total revolving credit commitment to $800 million. The revolving

Phillips Edison & Company Increases Unsecured Revolver to $800 Million

Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q1 2022 Earnings Conference Call May 6, 2022 12:00 PM ET Company Participants Stephanie Hout – Director-Investor Relations Jeff Edison – Chairman and Chief Executive Officer Devin Murphy – President John Caulfield – Chief Financial Officer Conference Call Participants Craig Schmidt – Bank of America Caitlin Burrows – Goldman Sachs Richard Hill – Morgan Stanley Floris van Dijkum – Compass Point Mike Mueller – JPMorgan Todd Thomas – KeyBanc Capital Markets Tammy Fique – Wells Fargo Securities Operator Good morning, and welcome to Phillips Edison & Company's First Quarter 2022 Results Presentation. My name is Latif and I will be your conference call operator today.

Phillips Edison & Company's (PECO) CEO Jeff Edison on Q1 2022 Results - Earnings Call Transcript

CINCINNATI, May 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, reported net income attributable to stockholders of $10.1 million, or $0.09 per diluted share, for the three months ended March 31, 2022.

Phillips Edison & Company Reports First Quarter 2022 Results and Raises Guidance Midpoint

Phillips Edison & Company was recently listed on the NASDAQ after 25 years as a private company. The real estate industry saw tremendous gains in 2021 and is expected to continue to see growth throughout 2022.

Phillips Edison & Company: Lucrative Potential Remains To Be Seen

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.

News for Phillips Edison & Co Inc Stock (PECO)