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. The tax reporting information as it will be reported on Form 1099-DIV, on a per share basis, is as follows: Nasdaq-Listed Common Shares; CUSIP 71844V201 Record DatePayable DateTotal Distribution per ShareOrdinary DividendsTotal Capital Gain DistributionUnrecaptured Section 1250 Gain (1)Return of Capital (Nontaxable Distribution)Section 199A Distributions 1

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 C

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

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. Management Commentary Jeff Edison, Chairman and Chief Executive Officer of PECO stated: "We are pleased to have completed over $300 million in acquisitions in 2024, which was above the midpoint of the upwardly revised guidance range PECO provided in October. We believe that PECO offers the best opportunity for external growth within the shopping center sector. These investments

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. "Commercial real estate, particularly in the retail sector, has proven to be a highly resilient and adaptable industry, even as it navigates the ever-changing terrain of consumer demand and expectations," said President Bob Myers. "We continue to see strong demand from growing retailers for space in grocery-anchored neighborhood shopping centers, pointing to the

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. Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield will provide an update on the Company's strategy, long-term growth opportunities and other business and financial matters. Webcast Details: PECO Business Update Date: Thursday, December 19, 2024 Time: 11:30 a.m. Eastern

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. Operating partnership unit holders receive distributions at the same rate as common stockholders, subject to the required tax withhold

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. Highlights for the Third Quarter Ended September 30, 2024 Reported Nareit FFO of $81.6 million, or $0.60 per diluted shareRepor

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 webcas

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. Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield will host the webcast and Q&A session. The PECO GROW presentation will be posted on the Investor R

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

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. Operating partnership unit holders receive distributions at the same rate as common stockholders, subject to the required tax withhold

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. Highlights for the Third Quarter Ended September 30, 2024 Reported Nareit FFO of $81.6 million, or $0.60 per diluted shareRepor

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 webcas

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. The Board approved the distribution at a rate of $0.1025 per share of the Company's common stock. When annualized, this is equal to a rate of $1.23 per share, representing an increase of 5.1% over the pr

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. Connect with PECO For additional information, please visit https://www.phillipsedison.com/ Follow PECO on:Twitter at https://twitter.com/Phil

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. Highlights for the Second Quarter Ended June 30, 2024 Reported Nareit FFO of $78.4 million, or $0.57 per diluted shareReported Core FFO of $

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. Des Peres Corners is an approximately 121,000

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

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. Highlights for the First Quarter Ended March 31, 2024 Reported Nareit FFO of $80.1 million, or $0.59 per diluted shareReported Core FFO of $81.7 million, or $0.60 per diluted shareAffirmed 2024 Nareit FFO and Core FF

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. Jeff Edison, Chairman and Chief Executive Officer stated, "We are excited to welcome Devin to PECO's Board. Over the past decade, he has played a key role in PECO's growth. Devin worked side-by-side with me to transform PECO into one of the largest strategic owners and operators

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. Earlier in the day, PECO held its annual meeting of stockholders in

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. Jeff Edison, Chairman and Chief Executive Officer of PECO stated: "We are delighted to welcome Tony to PECO's Board. With more than three decades of public company business experience working with senior management and boards to drive growth and innovation, Tony brings a proven track record of substantial accomplish

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. Earlier in the day, PECO held its annual meeting of stockholders in a virtual-only format. At the an

Wolfe Research upgraded Phillips Edison & Company from Peer Perform to Outperform and set a new price target of $44.00

Wells Fargo upgraded Phillips Edison & Company from Underweight to Equal Weight and set a new price target of $37.00 from $34.00 previously

Mizuho upgraded Phillips Edison & Company from Neutral to Buy and set a new price target of $37.00 from $35.00 previously

Deutsche Bank initiated coverage of Phillips Edison & Company with a rating of Buy and set a new price target of $41.00

Wells Fargo downgraded Phillips Edison & Company from Equal Weight to Underweight and set a new price target of $35.00

Wolfe Research downgraded Phillips Edison & Company from Outperform to Peer Perform

Wells Fargo initiated coverage of Phillips Edison & Company with a rating of Equal Weight and set a new price target of $31.00

Goldman resumed coverage of Phillips Edison & Company with a rating of Buy and set a new price target of $38.00

Credit Suisse upgraded Phillips Edison & Company from Neutral to Outperform

Mizuho downgraded Phillips Edison & Company from Buy to Neutral and set a new price target of $35.00