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 |
|---|---|---|---|
| 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 |
| 6/23/2022 | $34.00 | Neutral | Credit Suisse |
8-K - Phillips Edison & Company, Inc. (0001476204) (Filer)
10-Q - Phillips Edison & Company, Inc. (0001476204) (Filer)
8-K - Phillips Edison & Company, Inc. (0001476204) (Filer)
8-K - Phillips Edison & Company, Inc. (0001476204) (Filer)
8-K - Phillips Edison & Company, Inc. (0001476204) (Filer)
8-K - Phillips Edison & Company, Inc. (0001476204) (Filer)
10-Q - Phillips Edison & Company, Inc. (0001476204) (Filer)
8-K - Phillips Edison & Company, Inc. (0001476204) (Filer)
8-K - Phillips Edison & Company, Inc. (0001476204) (Filer)
8-K - Phillips Edison & Company, Inc. (0001476204) (Filer)
4 - Phillips Edison & Company, Inc. (0001476204) (Issuer)
4 - Phillips Edison & Company, Inc. (0001476204) (Issuer)
4 - Phillips Edison & Company, Inc. (0001476204) (Issuer)
4 - Phillips Edison & Company, Inc. (0001476204) (Issuer)
4 - Phillips Edison & Company, Inc. (0001476204) (Issuer)
4 - Phillips Edison & Company, Inc. (0001476204) (Issuer)
4 - Phillips Edison & Company, Inc. (0001476204) (Issuer)
3 - Phillips Edison & Company, Inc. (0001476204) (Issuer)
4 - Phillips Edison & Company, Inc. (0001476204) (Issuer)
4 - Phillips Edison & Company, Inc. (0001476204) (Issuer)
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
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, 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 cl
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. In its public announcement, Moody's noted: "PECO's Baa2 ratings reflect its high-quality portfolio of open-air neighborhood and community shopping centers, the resilient operating cash flows generated by its grocery-anchore
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, 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. Event: PECO Roundtable Presentation at BofA Securities 2024 Global Real Estate Conference Date: Tuesday, September 10, 2024 Time: 2:15 p.m. Eastern Time Speakers: Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John
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. In its public announcement, S&P noted: "We expect Phillips Edison's operating performance will remain solid over the next two years supported by its grocery-anchored portfolio and healthy retail fundamentals. Phillips Edison has demonstrate
In the last three months, 4 analysts have published ratings on Phillips Edison (NASDAQ:PECO), offering a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 1 1 0 Last 30D 1 0 0 0 0 1M Ago 1 0 1 1 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $35.25, a high estimate of $38.00, and a low estimate of $33.00. A 7.24% drop
Deutsche Bank analyst Omotayo Okusanya maintains Phillips Edison (NASDAQ:PECO) with a Buy and lowers the price target from $41 to $38.
Wells Fargo analyst Tammi Fique maintains Phillips Edison (NASDAQ:PECO) with a Underweight and lowers the price target from $35 to $34.
Mizuho analyst Haendel St. Juste maintains Phillips Edison (NASDAQ:PECO) with a Buy and lowers the price target from $37 to $33.
Compass Point analyst Floris Van Dijkum maintains Phillips Edison (NASDAQ:PECO) with a Neutral and lowers the price target from $39 to $36.
Phillips Edison (NASDAQ:PECO) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $0.13 by 7.69 percent. This is unchanged from the same period last year. The company reported quarterly sales of $161.302 million which beat the analyst consensus estimate of $157.797 million by 2.22 percent. This is a 6.78 percent increase over sales of $151.064 million the same period last year.
In the latest quarter, 4 analysts provided ratings for Phillips Edison (NASDAQ:PECO), showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 2 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $37.25, with a high estimate of $40.00 and a low estimate of $35.00. This current average has increased by 1.36% f
Phillips Edison (NASDAQ:PECO) reported its Q4 earnings results on Thursday, February 8, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Phillips Edison beat estimated earnings by 10.0%, reporting an EPS of $0.11 versus an estimate of $0.1. Revenue was up $9.41 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.01 which was followed by a 2.27% drop in the share price the next day. Here's a look at Phillips Edison's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.11 0.10 0.11 0.08 EPS Actual 0.10 0.12 0.14 0.12 Revenue Estimate 151.56M 147.08M 146.01M 137.58M
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, 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, a
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
Credit Suisse initiated coverage of Phillips Edison & Company with a rating of Neutral and set a new price target of $34.00
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