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Phillips Edison & Company Inc - PECO STOCK NEWS

Welcome to our dedicated news page for Phillips Edison & Company (Ticker: PECO), a resource for investors and traders seeking the latest updates and insights on Phillips Edison & Company.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Phillips Edison & Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Phillips Edison & Company's position in the market.

News
Phillips Edison & Company Reports First Quarter 2024 Results and Affirms Full Year Earnings Guidance
Rhea-AI Summary
Phillips Edison & Company, Inc. (Nasdaq: PECO) reported strong financial results for the first quarter of 2024, with net income of $17.7 million and Nareit FFO of $80.1 million. The company affirmed its full year 2024 earnings guidance, showing growth in both Nareit FFO and Core FFO. The leased portfolio occupancy stood at 97.2%, with same-center NOI increasing by 3.7% year-over-year. PECO acquired two shopping centers and one land parcel during the quarter, showcasing its commitment to strategic growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.97%
Tags
earnings
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News
Phillips Edison & Company Inc. Invites You to Join Its First Quarter 2024 Earnings Conference Call
Rhea-AI Summary
Phillips Edison & Company, Inc. (PECO) to announce First Quarter 2024 earnings results. Earnings call with CEO and executives scheduled for April 26, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.76%
Tags
earnings
-
News
Moody’s Upgrades Phillips Edison & Company’s Rating Outlook to ‘Positive’ from ‘Stable’
Rhea-AI Summary
Phillips Edison & Company, Inc. (PECO) receives positive rating outlook from Moody's and S&P Global Ratings due to its high-quality portfolio of grocery-anchored shopping centers, strong tenant retention, and good operating performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
none
News
Phillips Edison & Company to Present at Citi’s 2024 Global Property CEO Conference
Rhea-AI Summary
Phillips Edison & Company, Inc. (Nasdaq: PECO) will participate in a roundtable presentation at Citi's 2024 Global Property CEO Conference. The presentation will feature Chairman and CEO Jeff Edison, President Bob Myers, and CFO John Caulfield. The event is scheduled for Monday, March 4, 2024, at 8:10 a.m. Eastern Time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
Tags
conferences
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News
Phillips Edison & Company Declares Monthly Dividend Distributions
Rhea-AI Summary
Phillips Edison & Company, Inc. (PECO) declares monthly dividend distributions of $0.0975 per share for common stockholders. The dividends will be paid on April 1, 2024, and May 1, 2024, to stockholders of record as of March 15, 2024, and April 15, 2024, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
dividends
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News
Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors on February 29
Rhea-AI Summary
Phillips Edison & Company, Inc. (PECO) will host a PECO GROW Update for financial advisors and retail investors on February 29, 2024. The webcast will feature discussions on the business by top executives and a Q&A session. Details for the event are available on the Company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
conferences
News
Phillips Edison & Company Reports Fourth Quarter and Full Year 2023 Results; Increases 2024 Guidance
Rhea-AI Summary
Phillips Edison & Company, Inc. (Nasdaq: PECO) reported financial and operating results for the period ended December 31, 2023, showing net income of $13.5 million for the fourth quarter and $56.8 million for the year. The company also increased its full year 2024 earnings guidance, with highlights including a 6.0% year-over-year growth in Nareit FFO and a 3.6% increase in same-center NOI.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
Tags
earnings
-
News
Phillips Edison & Company Announces Tax Reporting Information for 2023 Dividend Distributions
Rhea-AI Summary
Phillips Edison & Company, Inc. (PECO) announced the tax reporting information for the 2023 dividend distributions to holders of its common stock. The tax reporting information as it will be reported on the Form 1099-DIV, on a per share basis, is detailed. The company reported the ordinary dividends, total capital gain distribution, unrecaptured section 1250 gain, return of capital, and section 199A distributions for each record date and payable date. The company also disclosed additional characterization of amounts included in the total capital gain distribution. For more information, visit the company's website or connect with PECO on social media platforms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.37%
Tags
dividends
-
News
Phillips Edison & Company Announces Execution of Interest Rate Swap
Rhea-AI Summary
Phillips Edison & Company, Inc. (Nasdaq: PECO) announced entering into a $150.0 million interest rate swap agreement to mitigate the interest rate risk inherent in its variable rate term loans. The swap swaps the daily Secured Overnight Financing Rate for a fixed rate of approximately 3.45% effective September 25, 2024, maturing December 31, 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.37%
Tags
none
News
S&P Upgrades Phillips Edison & Company’s Rating Outlook to ‘Positive’ from ‘Stable’
Rhea-AI Summary
Phillips Edison & Company, Inc. (Nasdaq: PECO) has received a 'Positive' rating outlook from S&P Global Ratings, with an affirmed 'BBB-' Issuer Credit Rating. S&P praised PECO's solid operating results, focus on grocery-anchored centers, and conservative balance sheet. The company's long-term leverage target has been revised, and its leverage profile is supported by a well-laddered debt maturity profile. The positive outlook reflects the expectation for continued solid operating performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
Tags
none
Stock PECO logo
Phillips Edison & Company Inc

Nasdaq:PECO

PECO Rankings

#1347 Ranked by Market Cap
#1203 Ranked by Stock Gains
#962 Ranked by Dividends

PECO Stock Data

4.48B
121.45M
0.53%
83.29%
2.63%
Other Financial Vehicles
Finance and Insurance
Link
United States
Cincinnati

About PECO

since 1991, phillips edison & company has focused on the grocery-anchored shopping center sector. the company has a fully integrated in-house operating platform built on market leading expertise designed to optimize property value and consistently deliver a great shopping experience. led by a veteran management team, phillips edison’s operating platform provides retail services including acquisition, redevelopment, leasing and management of grocery-anchored retail centers. the company’s portfolio currently includes a national footprint of retail properties. the company has corporate offices in cincinnati, salt lake city, new york city and atlanta.