Phillips Edison & Company, Inc. (ÂPECOÂ), an internally-managed REIT, is one of the nation's largest owners and operators of grocery-anchored shopping centers. PECO's diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States. Through its vertically-integrated operating platform, the Company manages a portfolio of 309 properties, including 283 wholly-owned properties comprising approximately 31.7 million square feet across 31 states (as of September 30, 2020). PECO has generated strong operating results over its 29+ year history and has partnered with leading institutional commercial real estate investors, including TPG Real Estate and The Northwestern Mutual Life Insurance Company. The Company remains exclusively focused on creating great grocery-anchored shopping experiences and improving the communities it serves one center at a time.
IPO Year: 2021
Exchange: NASDAQ
Website: phillipsedison.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $44.00 | Peer Perform → Outperform | Wolfe Research |
| 8/28/2024 | $34.00 → $37.00 | Underweight → Equal Weight | Wells Fargo |
| 2/23/2024 | $35.00 → $37.00 | Neutral → Buy | Mizuho |
| 1/30/2024 | $41.00 | Buy | Deutsche Bank |
| 9/20/2023 | $35.00 | Equal Weight → Underweight | Wells Fargo |
| 7/6/2023 | Outperform → Peer Perform | Wolfe Research | |
| 5/24/2023 | $31.00 | Equal Weight | Wells Fargo |
| 3/21/2023 | $38.00 | Buy | Goldman |
| 1/9/2023 | Neutral → Outperform | Credit Suisse | |
| 7/21/2022 | $35.00 | Buy → Neutral | Mizuho |
SCHEDULE 13G/A - Phillips Edison & Company, Inc. (0001476204) (Subject)
8-K - Phillips Edison & Company, Inc. (0001476204) (Filer)
10-Q - Phillips Edison & Company, Inc. (0001476204) (Filer)
8-K - Phillips Edison & Company, Inc. (0001476204) (Filer)
DEFA14A - Phillips Edison & Company, Inc. (0001476204) (Filer)
DEF 14A - Phillips Edison & Company, Inc. (0001476204) (Filer)
8-K - Phillips Edison & Company, Inc. (0001476204) (Filer)
10-K - Phillips Edison & Company, Inc. (0001476204) (Filer)
8-K - Phillips Edison & Company, Inc. (0001476204) (Filer)
424B5 - Phillips Edison & Company, Inc. (0001476204) (Filer)
SC 13G/A - Phillips Edison & Company, Inc. (0001476204) (Subject)
SC 13G/A - Phillips Edison & Company, Inc. (0001476204) (Subject)
SC 13G - Phillips Edison & Company, Inc. (0001476204) (Subject)
SC 13G/A - Phillips Edison & Company, Inc. (0001476204) (Subject)
SC 13G/A - Phillips Edison & Company, Inc. (0001476204) (Subject)
SC 13G/A - Phillips Edison & Company, Inc. (0001476204) (Subject)
SC 13G/A - Phillips Edison & Company, Inc. (0001476204) (Subject)
SC 13G - Phillips Edison & Company, Inc. (0001476204) (Subject)
SC 13G/A - Phillips Edison & Company, Inc. (0001476204) (Subject)
SC 13G - Phillips Edison & Company, Inc. (0001476204) (Subject)
CINCINNATI, May 01, 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 that its Board of Directors declared monthly dividend distributions of $0.1025 per share of the Company's common stock payable on June 3, 2025; July 1, 2025; and August 1, 2025 to stockholders of record as of May 16, 2025; June 16, 2025; and July 15, 2025, 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 annu
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
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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
CINCINNATI, May 15, 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 that Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield will present at Nareit REITweek on Tuesday, June 3, 2025 at 8:45 a.m. Eastern Time. Presentation Details: Date: Tuesday, June 3, 2025 Time: 8:45 a.m. - 9:15 a.m. ET Speakers: Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield Webcast: PECO Nareit's REITweek 2025 I
CINCINNATI, May 01, 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 that its Board of Directors declared monthly dividend distributions of $0.1025 per share of the Company's common stock payable on June 3, 2025; July 1, 2025; and August 1, 2025 to stockholders of record as of May 16, 2025; June 16, 2025; and July 15, 2025, 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 annu
CINCINNATI, April 24, 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 reported financial and operating results for the period ended March 31, 2025 and affirmed full year 2025 earnings guidance. For the three months ended March 31, 2025, net income attributable to stockholders was $26.3 million, or $0.21 per diluted share. Highlights for the First Quarter and Subsequent Reported Nareit FFO of $89.0 million, or $0.64 per diluted shareReported Core FFO of $90.8 million, or $0.65 per diluted shareThe midpoint of full year 20
CINCINNATI, April 23, 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 host its ICSC Recap webcast on Thursday, May 22, 2025 at 1:00 p.m. Eastern Time. The event will be webcast only. The PECO team will provide a post-event recap following its attendance of ICSC Las Vegas, as well provide as an update on the current leasing environment. Chairman and Chief Executive Officer Jeff Edison; President Bob Myers; Chief Operating Officer Joe Schlosser; Senior Vice President of Portfolio Management and Development KC Bills; Senior V
CINCINNATI, March 25, 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 First Quarter 2025 earnings results on Thursday, April 24, 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 webcaste
CINCINNATI, Feb. 26, 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 that the Company will participate in a roundtable presentation at Citi's 2025 Global Property CEO Conference on Tuesday, March 4, 2025 at 4:20 p.m. Eastern Time. Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield will participate in the roundtable presentation. The presentation will be posted on the Investor Relations section of the Company's website at Investor Relations | Phillips
CINCINNATI, Feb. 13, 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 host a PECO GROW Update for financial advisors and retail investors on Tuesday, February 25, 2025, 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 Relations sec
CINCINNATI, Feb. 12, 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 that its Board of Directors declared monthly dividend distributions of $0.1025 per share of the Company's common stock payable on April 1, 2025 and May 1, 2025 to stockholders of record as of March 17, 2025 and April 15, 2025, respectively. 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 http
CINCINNATI, Feb. 06, 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 reported financial and operating results for the fourth quarter and full year ended December 31, 2024 and provided guidance for 2025. For the fourth quarter and full year ended December 31, 2024, net income attributable to stockholders was $18.1 million, or $0.15 per diluted share, and $62.7 million, or $0.51 per diluted share, respectively. Highlights for the Fourth Quarter, Full Year and Subsequent Reported Nareit FFO of $83.8 million, or $0.61 per di
NEW YORK, Jan. 21, 2025 /PRNewswire/ -- Cohen & Steers Income Opportunities REIT, Inc. ("CNSREIT") announced today its acquisition of Oak Grove Shoppes, a grocery-anchored shopping center in Orlando, Florida, with Phillips Edison & Company (NASDAQ:PECO, PECO", )), a publicly-traded owner and operator of grocery-anchored shopping centers in the U.S. This is the second acquisition in a programmatic joint venture targeting $300 million in equity and owned 80% by CNSREIT and 20% by PECO. The joint venture is focused on acquiring open-air, grocery-anchored shopping centers and leverages PECO's deep sector expertise. Oak Grove Shoppes is a 142,000 square foot grocery-anchored, open-air shopping c
CINCINNATI, April 24, 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 reported financial and operating results for the period ended March 31, 2025 and affirmed full year 2025 earnings guidance. For the three months ended March 31, 2025, net income attributable to stockholders was $26.3 million, or $0.21 per diluted share. Highlights for the First Quarter and Subsequent Reported Nareit FFO of $89.0 million, or $0.64 per diluted shareReported Core FFO of $90.8 million, or $0.65 per diluted shareThe midpoint of full year 20
CINCINNATI, March 25, 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 First Quarter 2025 earnings results on Thursday, April 24, 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 webcaste
CINCINNATI, Feb. 12, 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 that its Board of Directors declared monthly dividend distributions of $0.1025 per share of the Company's common stock payable on April 1, 2025 and May 1, 2025 to stockholders of record as of March 17, 2025 and April 15, 2025, respectively. 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 http
CINCINNATI, Feb. 06, 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 reported financial and operating results for the fourth quarter and full year ended December 31, 2024 and provided guidance for 2025. For the fourth quarter and full year ended December 31, 2024, net income attributable to stockholders was $18.1 million, or $0.15 per diluted share, and $62.7 million, or $0.51 per diluted share, respectively. Highlights for the Fourth Quarter, Full Year and Subsequent Reported Nareit FFO of $83.8 million, or $0.61 per di
NEW YORK, Jan. 21, 2025 /PRNewswire/ -- Cohen & Steers Income Opportunities REIT, Inc. ("CNSREIT") announced today its acquisition of Oak Grove Shoppes, a grocery-anchored shopping center in Orlando, Florida, with Phillips Edison & Company (NASDAQ:PECO, PECO", )), a publicly-traded owner and operator of grocery-anchored shopping centers in the U.S. This is the second acquisition in a programmatic joint venture targeting $300 million in equity and owned 80% by CNSREIT and 20% by PECO. The joint venture is focused on acquiring open-air, grocery-anchored shopping centers and leverages PECO's deep sector expertise. Oak Grove Shoppes is a 142,000 square foot grocery-anchored, open-air shopping 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 , 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