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Articles from Phillips Edison & Company, Inc.

Phillips Edison & Company Announces Tax Reporting Information for 2024 Distributions
CINCINNATI, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced its tax reporting information for the 2024 distributions to holders of its common stock.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · January 17, 2025
Phillips Edison & Company Announces Maturity Extension and Upsize of $1.0 Billion Unsecured Revolving Credit Facility
CINCINNATI, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced the closing of the second amendment to its unsecured revolving credit facility (the “Revolving Credit Facility”). The amendment increases the size of the Revolving Credit Facility to $1.0 billion (from $800 million) and extends the maturity date to January 9, 2029, with options to extend maturity for two additional six-month periods. The amount and maturity date of the existing term loan remain unchanged. The Company can increase the Revolving Credit Facility or incur new term loans by up to $500 million and increase the existing term loan by up to $200 million, subject to further syndication.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · January 9, 2025
Phillips Edison & Company Inc. Invites You to Join Its Fourth Quarter and Full Year 2024 Earnings Conference Call
CINCINNATI, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will announce its Fourth Quarter and Full Year 2024 earnings results on Thursday, February 6, 2025, 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 Bob Myers and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcasted, on Friday, February 7, 2025, at 12:00 p.m. ET.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · January 8, 2025
Phillips Edison & Company Provides Update on Fourth Quarter 2024 Transaction Activity; Completes Over $300 Million in Net Acquisitions in 2024
CINCINNATI, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced transaction activity for the three months ended December 31, 2024.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · January 7, 2025
Phillips Edison & Company Reveals Retail Trends in Commercial Real Estate for 2025
CINCINNATI, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or “the Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today released its top anticipated shopping center retail trends for 2025 as part of ICSC New York.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · December 10, 2024
Phillips Edison & Company to Host Virtual Business Update
CINCINNATI, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will host a virtual Business Update on Thursday, December 19, 2024 at 11:30 a.m. Eastern Time. The event will be webcast only.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · November 4, 2024
Phillips Edison & Company Declares Monthly Dividend Distribution
CINCINNATI , Oct. 30, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that its Board of Directors declared a monthly dividend distribution of $0.1025 per share of the Company’s common stock payable on December 3, 2024; January 3, 2025; February 4, 2025; and March 4, 2025 to stockholders of record as of November 15, 2024; December 16, 2024; January 15, 2025; and February 18, 2025.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · October 30, 2024
Phillips Edison & Company Reports Third Quarter 2024 Results and Updates Full Year Earnings Guidance
CINCINNATI, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality grocery-anchored neighborhood shopping centers, today reported financial and operating results for the period ended September 30, 2024 and updated full year 2024 earnings guidance. For the three and nine months ended September 30, 2024, net income attributable to stockholders was $11.6 million, or $0.09 per diluted share, and $44.5 million, or $0.36 per diluted share, respectively.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · October 24, 2024
Phillips Edison & Company Inc. Invites You to Join Its Third Quarter 2024 Earnings Conference Call
CINCINNATI, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will announce its Third Quarter 2024 earnings results on Thursday, October 24, 2024, 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 Bob Myers and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcasted, on Friday, October 25, 2024, at 12:00 p.m. ET.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · September 24, 2024
Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors on September 18
CINCINNATI, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will host a PECO GROW Update for financial advisors and retail investors on Wednesday, September 18, 2024, at 12:00 p.m. ET. During the webcast, PECO will discuss the business and answer questions from financial advisors and retail investors.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · September 12, 2024
Phillips Edison & Company Announces Pricing of Offering of $350 Million Aggregate Principal Amount of 4.950% Senior Unsecured Notes Due 2035
CINCINNATI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, 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 4.950% senior unsecured notes due 2035 (the “Notes”). The Notes were priced at 98.458% of the principal amount and will mature on January 15, 2035. The offering is expected to settle on September 12, 2024, subject to the satisfaction of customary closing conditions. The notes will be fully and unconditionally guaranteed by PECO.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · September 9, 2024
Phillips Edison & Company Upgraded by Moody’s to ‘Baa2’ with Stable Outlook
CINCINNATI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that Moody's Ratings ("Moody's") upgraded its issuer credit rating for PECO and the Company’s operating partnership, Phillips Edison Grocery Center Operating Partnership I L.P., to ‘Baa2’ from ‘Baa3’, with a stable outlook.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · September 9, 2024
Phillips Edison & Company Increases Monthly Dividend Distribution by 5.1% to $0.1025 Per Common Share
CINCINNATI, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that its Board of Directors (the “Board”) approved a 5.1% increase to the monthly dividend distributions payable October 1, 2024 and November 1, 2024 to common stockholders of record as of September 16, 2024 and October 15, 2024, respectively.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · September 3, 2024
Phillips Edison & Company to Present at BofA Securities 2024 Global Real Estate Conference
CINCINNATI, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that Jeff Edison, Chairman and Chief Executive Officer, is scheduled to present at the BofA Securities 2024 Global Real Estate Conference on Tuesday, September 10, 2024 at 2:15 p.m. Eastern Time.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · August 29, 2024
Phillips Edison & Company Upgraded by S&P to ‘BBB’ with Stable Outlook
CINCINNATI, Aug. 08, 2024 (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 S&P Global Ratings (“S&P”) upgraded its issuer credit rating for PECO and the Company’s operating partnership, Phillips Edison Grocery Center Operating Partnership I L.P., to ‘BBB’ from ‘BBB-’, with a stable outlook.
Phillips Edison & Company Declares Monthly Dividend Distribution
CINCINNATI, July 31, 2024 (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 that its Board of Directors declared a monthly dividend distribution of $0.0975 per share of the Company’s common stock payable on September 4, 2024 to stockholders of record as of August 15, 2024. Operating partnership unit holders receive distributions at the same rate as common stockholders, subject to the required tax withholding.
Phillips Edison & Company Reports Second Quarter 2024 Results and Reaffirms Full Year Earnings Guidance
CINCINNATI, July 25, 2024 (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 June 30, 2024 and reaffirmed full year 2024 earnings guidance. For the three and six months ended June 30, 2024, net income attributable to stockholders was $15.3 million, or $0.12 per diluted share, and $32.9 million, or $0.27 per diluted share, respectively.
Phillips Edison & Company Acquires Grocery-Anchored Shopping Center in Partnership with Cohen & Steers Income Opportunities REIT, Inc.
CINCINNATI, July 25, 2024 (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 acquisition of Des Peres Corners, a grocery-anchored shopping center in Des Peres, Missouri, with Cohen & Steers Income Opportunities REIT, Inc. (“CNSREIT”). The acquisition was made through a programmatic joint venture targeting $300 million in equity and owned 80% by CNSREIT and 20% by PECO. The joint venture will focus on acquiring open-air, grocery-anchored shopping centers and will leverage PECO’s deep sector expertise.
Phillips Edison & Company Wins Top AI Award at Realcomm Conference
CINCINNATI, July 15, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation’s largest owners and operators of grocery-anchored neighborhood shopping centers, was honored June 20 at the 2024 Realcomm Conference in Tampa with a Digie Award. PECO was awarded for its achievements in integrating artificial intelligence into its business operations to create efficiencies, enhance productivity and collaboration and support growth initiatives. PECO’s in-house developed AI solutions demonstrate the Company’s commitment to innovation, automation and excellence in the commercial real estate sector.
Phillips Edison & Company Announces Appointment of Devin Murphy to Board of Directors
CINCINNATI, July 01, 2024 (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 on June 25, 2024, its Board of Directors (the “Board”) increased the size of the Board from nine to 10 members and appointed Devin Murphy to the Board, effective July 2, 2024.
Phillips Edison & Company Inc. Invites You to Join Its Second Quarter 2024 Earnings Conference Call
CINCINNATI, June 17, 2024 (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 2024 earnings results on Thursday, July 25, 2024, 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 Bob Myers and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcasted, on Friday, July 26, 2024, at 12:00 p.m. ET.
Phillips Edison & Company to Present at Nareit REITweek 2024 Investor Conference
CINCINNATI, May 29, 2024 (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 that Jeff Edison, Chairman and Chief Executive Officer will present at Nareit REITweek on Wednesday, June 5, 2024 at 3:30 p.m. Eastern Time.
Phillips Edison & Company Announces Pricing of Offering of $350 Million Aggregate Principal Amount of 5.750% Senior Unsecured Notes Due 2034
CINCINNATI, May 08, 2024 (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 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 5.750% senior unsecured notes due 2034 (the “Notes”). The Notes were priced at 98.576% of the principal amount and will mature on July 15, 2034. The offering is expected to settle on May 13, 2024, subject to the satisfaction of customary closing conditions. The notes will be fully and unconditionally guaranteed by PECO.
Phillips Edison & Company Declares Monthly Dividend Distributions; Announces Results of Annual Meeting of Stockholders
CINCINNATI, April 30, 2024 (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 that its Board of Directors declared monthly dividend distributions of $0.0975 per share of the Company’s common stock payable on June 4, 2024; July 2, 2024; and August 1, 2024 to stockholders of record as of May 15, 2024; June 17, 2024; and July 15, 2024, respectively. Operating partnership unit holders receive distributions at the same rate as common stockholders, subject to the required tax withholding.
Phillips Edison & Company Reports First Quarter 2024 Results and Affirms Full Year Earnings Guidance
CINCINNATI, April 25, 2024 (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 March 31, 2024 and affirmed full year 2024 earnings guidance. For the three months ended March 31, 2024, net income attributable to stockholders was $17.7 million, or $0.14 per diluted share.
Phillips Edison & Company Inc. Invites You to Join Its First Quarter 2024 Earnings Conference Call
CINCINNATI, March 27, 2024 (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 2024 earnings results on Thursday, April 25, 2024, 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 Bob Myers and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcasted, on Friday, April 26, 2024, at 12:00 p.m. ET.
Moody’s Upgrades Phillips Edison & Company’s Rating Outlook to ‘Positive’ from ‘Stable’
CINCINNATI, March 11, 2024 (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 that Moody's Ratings ("Moody's") revised its rating outlook for PECO to ‘Positive’ from ‘Stable’ and affirmed the Company’s ratings, including the ‘Baa3’ Issuer Credit Rating.
Phillips Edison & Company to Present at Citi’s 2024 Global Property CEO Conference
CINCINNATI, Feb. 26, 2024 (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 the Company will participate in a roundtable presentation at Citi’s 2024 Global Property CEO Conference on Monday, March 4, 2024 at 8:10 a.m. Eastern Time.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · February 26, 2024
Phillips Edison & Company Declares Monthly Dividend Distributions
CINCINNATI, Feb. 21, 2024 (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 that its Board of Directors declared monthly dividend distributions of $0.0975 per share of the Company’s common stock payable on April 1, 2024 and May 1, 2024 to stockholders of record as of March 15, 2024 and April 15, 2024, respectively.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · February 21, 2024
Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors on February 29
CINCINNATI, Feb. 21, 2024 (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, will host a PECO GROW Update for financial advisors and retail investors on Thursday, February 29, 2024, at 12:00 p.m. ET. During the webcast, PECO will discuss the business and answer questions from financial advisors and retail investors.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · February 21, 2024
Phillips Edison & Company Reports Fourth Quarter and Full Year 2023 Results; Increases 2024 Guidance
CINCINNATI, Feb. 08, 2024 (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 December 31, 2023 and increased full year 2024 earnings guidance. For the fourth quarter and year ended December 31, 2023, net income attributable to stockholders was $13.5 million, or $0.11 per diluted share, and $56.8 million, or $0.48 per diluted share, respectively.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · February 8, 2024
Phillips Edison & Company Announces Tax Reporting Information for 2023 Dividend Distributions
CINCINNATI, Jan. 17, 2024 (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 its tax reporting information for the 2023 dividend distributions to holders of its common stock.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · January 17, 2024
Phillips Edison & Company Announces Execution of Interest Rate Swap
CINCINNATI, Jan. 16, 2024 (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 it has entered into an interest rate swap agreement totaling $150.0 million.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · January 16, 2024
S&P Upgrades Phillips Edison & Company’s Rating Outlook to ‘Positive’ from ‘Stable’
CINCINNATI, Jan. 11, 2024 (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 that S&P Global Ratings (“S&P”) revised its rating outlook for PECO to ‘Positive’ from ‘Stable’ and affirmed the Company’s ratings, including the ‘BBB-’ Issuer Credit Rating.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · January 11, 2024
Phillips Edison & Company Inc. Invites You to Join Its Fourth Quarter and Full Year 2023 Earnings Conference Call
CINCINNATI, Jan. 08, 2024 (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 and Full Year 2023 earnings results on Thursday, February 8, 2024, 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 Bob Myers, Managing Director Devin Murphy and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcast, on Friday, February 9, 2024, at 12:00 p.m. ET.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · January 8, 2024
Phillips Edison & Company to Host Investment Community Day
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.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · November 29, 2023
Phillips Edison & Company Declares Monthly Dividend Distributions
CINCINNATI, Nov. 07, 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 that its Board of Directors declared monthly dividend distributions of $0.0975 per share of the Company’s common stock payable on December 1, 2023; January 2, 2024; February 1, 2024; and March 1, 2024 to stockholders of record as of November 17, 2023; December 15, 2023; January 16, 2024; and February 15, 2024, respectively.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · November 7, 2023
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 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.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · October 31, 2023
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. 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.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · October 31, 2023
Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors
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.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · October 23, 2023
Phillips Edison & Company Announces Sponsorship with The SCORE Foundation
Builds on Its Support of Local Neighbors with Free Resources to Drive Small Business Success
By Phillips Edison & Company, Inc. · Via GlobeNewswire · September 27, 2023
Phillips Edison & Company Inc. Invites You to Join Its Third Quarter 2023 Earnings Conference Call
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.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · September 26, 2023
Phillips Edison & Company Announces Appointment of Anthony “Tony” Terry to Board of Directors
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.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · September 25, 2023
Phillips Edison & Company Increases Monthly Dividend Distribution by 4.5% to $0.0975 Per Common Share
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.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · September 5, 2023
Phillips Edison & Company Acquires Lake Pointe Market
Grocery-Anchored Neighborhood Center in the Dallas Suburbs of Texas
By Phillips Edison & Company, Inc. · Via GlobeNewswire · August 30, 2023
Phillips Edison & Company to Present at BofA Securities 2023 Global Real Estate Conference
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.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · August 28, 2023
Phillips Edison & Company Declares Monthly Dividend Distribution
CINCINNATI, Aug. 08, 2023 (GLOBE NEWSWIRE) -- 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 announced that its Board of Directors declared a monthly dividend distribution of $0.0933 per share payable on September 1, 2023 to stockholders of record as of August 18, 2023. Operating partnership unit holders receive distributions at the same rate as common stockholders, subject to the required tax withholding.
Phillips Edison & Company Reports Second Quarter 2023 Results and Raises Full Year Earnings Guidance
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 Announces Appointment of Parilee Edison Wang to Board of Directors
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.
Phillips Edison & Company Inc. Invites You to Join Its Second Quarter 2023 Earnings Conference Call
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 to Present at Nareit REITweek 2023 Investor Conference
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 Highlights Top Trends of 2023 for Grocery-Anchored Neighborhood Shopping Centers
Phillips Edison & Company (NASDAQPECO), 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.
Phillips Edison & Company Declares Monthly Dividend Distributions; Announces Results of Annual Meeting of Stockholders
CINCINNATI, May 09, 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 that its Board of Directors declared monthly dividend distributions of $0.0933 per share payable on June 1, 2023; July 3, 2023; and August 1, 2023 to stockholders of record as of May 19, 2023; June 15, 2023; and July 17, 2023, respectively. Operating partnership unit holders receive distributions at the same rate as common stockholders, subject to the required tax withholding.
Phillips Edison & Company Reports First Quarter 2023 Results and Affirms Full Year Earnings Guidance
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 to Host PECO GROW Update for Financial Advisors and Retail Investors
CINCINNATI , April 19, 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 conference call and webcast on Wednesday, May 10, 2023, at 11 a.m. Eastern Time. During the call, PECO will discuss the business and answer questions from financial advisors and retail investors.
Phillips Edison & Company, Inc. Invites You to Join Its First Quarter 2023 Earnings Conference Call
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 to Present at Citi’s 2023 Global Property CEO Conference
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 Reports Fourth Quarter and Full Year 2022 Results; Provides 2023 Guidance
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.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · February 9, 2023
Phillips Edison & Company Announces Tax Reporting Information for 2022 Distributions
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.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · January 18, 2023
Phillips Edison & Company Reveals Top Shopping Center Trends to Watch in 2023
Phillips Edison & Company (NASDAQPECO), 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.
By Phillips Edison & Company, Inc. · Via Business Wire · December 7, 2022
Phillips Edison & Company, Inc. Invites You To Join Its Fourth Quarter 2022 Earnings Conference Call
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.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · December 5, 2022
Phillips Edison & Company Reports Third Quarter 2022 Results and Raises Full Year Guidance
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.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · November 3, 2022
Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors
CINCINNATI, Oct. 19, 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 host a conference call and webcast on Monday, November 7, 2022, at 4:00 p.m. Eastern Time. During the call, PECO will discuss the business and answer questions from financial advisors and retail investors.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · October 19, 2022
Phillips Edison & Company, Inc. Invites You to Join Its Third Quarter 2022 Earnings Conference Call
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.
By Phillips Edison & Company, Inc. · Via GlobeNewswire · September 29, 2022
Phillips Edison Receives Green Lease Leaders Gold Recognition
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.
Phillips Edison & Company Reveals Top Shopping Center Trends of 2022
Phillips Edison & Company (NASDAQPECO), 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.
Phillips Edison & Company Increases Unsecured Revolver to $800 Million
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 credit facility is scheduled to mature January 2026, with options available to extend the maturity to January 2027. The Company can expand the capacity of the revolving credit facility to $1.0 billion with an accordion feature, subject to further syndication.
Phillips Edison Reveals Top Retail Shopping Center Trends to Watch in 2022
Phillips Edison & Company (NASDAQPECO), 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.
By Phillips Edison & Company, Inc. · Via Business Wire · December 6, 2021
Phillips Edison & Company Issues Annual Corporate Social Responsibility Report
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 associate engagement.
By Phillips Edison & Company, Inc. · Via Business Wire · October 18, 2021
Phillips Edison & Company Announces the Grand Opening of Publix at Shoppes of Lake Village in Leesburg, FL
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.
By Phillips Edison & Company, Inc. · Via Business Wire · September 1, 2021
Phillips Edison & Company Announces Closing of Underwritten Initial Public Offering
Phillips Edison & Company, Inc. (“PECO”), one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, announced today that it has completed its underwritten initial public offering of 17,000,000 shares of common stock at a price to the public of $28.00 per share.
Phillips Edison & Company Announces Pricing of Underwritten Initial Public Offering
Phillips Edison & Company, Inc. (“PECO”), one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, announced today the pricing of its initial public offering of 17,000,000 shares of common stock at a price to the public of $28.00 per share.
Phillips Edison & Company Announces Launch of Public Offering
Phillips Edison & Company, Inc. (“PECO”), an internally-managed real estate investment trust (“REIT”) and one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, announced today that it plans to commence the roadshow for its proposed public offering.
Phillips Edison & Company Closes on $980 Million Unsecured Credit Facility
Phillips Edison & Company, Inc. (“PECO”), an internally-managed real estate investment trust (“REIT”) and one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, announced it has refinanced one of its term loans and secured a new revolving credit facility.
Phillips Edison & Company Executes One-For-Three Reverse Stock Split
Phillips Edison & Company, Inc. (“PECO”), an internally-managed real estate investment trust (“REIT”) and one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, today executed a one-for-three reverse stock split of each issued and outstanding share of PECO’s common stock, $0.01 par value (the “Common Stock”), and a reclassification transaction in which each issued and outstanding share of Common Stock (following the reverse stock split) changed into a share of PECO’s newly created Class B common stock, $0.01 par value (the “Class B Common Stock”).