Phillips Edison & Company, Inc. Stock Price, News & Analysis

Phillips Edison & Company (NASDAQ: PECO), a leading owner and operator of grocery-anchored neighborhood shopping centers, has announced its participation in the upcoming Nareit REITweek 2025 Investor Conference. The company's senior leadership team, including Chairman and CEO Jeff Edison, President Bob Myers, and CFO John Caulfield, will deliver a presentation on Tuesday, June 3, 2025, from 8:45 AM to 9:15 AM ET. A webcast replay will be available approximately one hour after the presentation concludes.

Phillips Edison & Company (NASDAQ: PECO), a leading owner of grocery-anchored shopping centers, has declared monthly dividend distributions of $0.1025 per share for its common stock. The dividends will be payable on June 3, July 1, and August 1, 2025, with corresponding record dates of May 16, June 16, and July 15, 2025. Operating partnership unit holders will receive equivalent distributions, subject to tax withholding.

Additionally, during its virtual annual stockholders meeting, all ten directors were re-elected to one-year terms. Stockholders also approved an advisory resolution on executive compensation and ratified Deloitte & Touche LLP as PECO's independent registered public accounting firm for 2025.

Phillips Edison & Company (PECO) reported strong Q1 2025 financial results with net income of $26.3 million ($0.21 per diluted share). The company achieved Nareit FFO of $89.0 million ($0.64 per diluted share) and Core FFO of $90.8 million ($0.65 per diluted share), both representing 11.2% year-over-year growth.

Key highlights include:

• Same-center NOI increased 3.9% to $115.1 million
• Strong leased portfolio occupancy at 97.1%
• Impressive rent spreads with 28.1% for new leases and 20.8% for renewals
• Acquired six shopping centers for $146.4 million and sold one for $24.9 million

PECO affirmed its full-year 2025 guidance with Core FFO projected at $2.52-$2.59 per share and same-center NOI growth of 3.00-3.50%. The company maintains a strong balance sheet with $760 million in total liquidity and a net debt to adjusted EBITDAre ratio of 5.3x.

Phillips Edison & Company (Nasdaq: PECO), a leading owner of grocery-anchored shopping centers, has announced its upcoming ICSC Recap webcast scheduled for Thursday, May 22, 2025, at 1:00 p.m. Eastern Time.

The webcast will feature key executives including Chairman and CEO Jeff Edison, President Bob Myers, and other senior leadership who will provide insights following their attendance at ICSC Las Vegas, along with updates on the current leasing environment.

ICSC Las Vegas, a premier annual event in May, brings together industry experts and dealmakers focused on commercial real estate innovation. The webcast will include a live Q&A session, and a replay will be available within 24 hours on the company's investor relations website.

Phillips Edison & Company (PECO), a leading owner and operator of grocery-anchored neighborhood shopping centers, has scheduled its First Quarter 2025 earnings conference call for Friday, April 25, 2025, at 12:00 p.m. ET. The earnings results will be released on Thursday, April 24, 2025, after market close.

The conference call will be hosted by Chairman and CEO Jeff Edison, President Bob Myers, and CFO John Caulfield. Investors can access the call through toll-free (1-800-715-9871) or toll (1-646-307-1963) numbers using Conference ID 4551083. The earnings release and supplemental information will be available on the company's investor relations website, with a webcast replay accessible approximately one hour after the presentation.

Phillips Edison & Company (Nasdaq: PECO), a leading owner of grocery-anchored neighborhood shopping centers, has announced its participation in Citi's 2025 Global Property CEO Conference. The company's leadership team, including Chairman and CEO Jeff Edison, President Bob Myers, and CFO John Caulfield, will join a roundtable presentation scheduled for Tuesday, March 4, 2025, from 4:20 PM to 4:55 PM ET.

The presentation will be accessible through a webcast, with materials being made available on PECO's Investor Relations website. A replay option will be provided approximately one hour after the presentation concludes.

Phillips Edison & Company (PECO), a leading owner of grocery-anchored shopping centers, has announced a PECO GROW Update webcast scheduled for February 25, 2025, at 12:00 p.m. ET. The event is specifically designed for financial advisors and retail investors.

The presentation will feature Chairman and CEO Jeff Edison, President Bob Myers, and CFO John Caulfield, who will discuss business operations and participate in a Q&A session. The webcast will be accessible via both toll-free (1-800-715-9871) and international (1-646-307-1963) dial-in numbers, with Conference ID 5434174.

The PECO GROW presentation materials will be available on the company's Investor Relations website, and an audio replay will be accessible approximately one hour after the event concludes through the same webcast link.

Phillips Edison & Company (PECO), a leading owner and operator of grocery-anchored neighborhood shopping centers, has announced its monthly dividend distributions. The company's Board of Directors has declared a dividend of $0.1025 per share of common stock, payable on two dates:

- April 1, 2025 (for stockholders of record as of March 17, 2025)
- May 1, 2025 (for stockholders of record as of April 15, 2025)

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

Phillips Edison & Company (PECO) reported strong financial results for Q4 and full year 2024. The company achieved Q4 net income of $18.1 million ($0.15 per share) and full-year net income of $62.7 million ($0.51 per share). Core FFO grew 10.2% to $85.8 million ($0.62 per share) in Q4, and 6.8% to $331.8 million ($2.43 per share) for the full year.

Notable operational highlights include a 6.5% increase in Q4 same-center NOI to $110.4 million and strong portfolio metrics with 97.7% leased occupancy. The company executed impressive lease spreads with 30.2% for new leases and 20.8% for renewals in Q4. PECO acquired fourteen shopping centers and four land parcels for $305.7 million in 2024.

The company maintains a strong balance sheet with $747.6 million in total liquidity and 93% fixed-rate debt. PECO successfully upsized its revolving credit facility to $1.0 billion with maturity extended to January 2029.