Phillips Edison & Company owns and operates grocery-anchored neighborhood and community shopping centers across the United States. The company’s updates center on leasing and occupancy trends, property activity, tenant mix, and performance measures commonly used by retail REITs, including Nareit FFO, Core FFO, same-center NOI and earnings guidance.
Recurring PECO news also covers monthly dividend declarations, tax reporting for common-stock distributions, operating partnership unit distributions, investor presentations, and quarterly earnings calls. The company also manages shopping centers held through institutional joint ventures and reports on a portfolio focused on necessity-based retail tenants and grocery anchors.
Phillips Edison & Company (PECO) will release its second quarter earnings on August 5, 2021, followed by a conference call on August 6 at 9:00 a.m. ET. The call will be hosted by key executives including CEO Jeff Edison and CFO John Caulfield. Investors can join the call via a toll-free number or access it through a webcast. PECO's portfolio includes 300 shopping centers, primarily grocery-anchored, covering about 31.3 million square feet across 31 states. The company is committed to enhancing shopping experiences and community development.
Phillips Edison & Company (PECO) completed its initial public offering (IPO) of 17,000,000 shares at $28.00 each, with the potential for a 30-day option of 2,550,000 additional shares. The offering commenced trading on Nasdaq on July 15, 2021. The net proceeds are designated for paying off a $375 million unsecured term loan, funding property acquisitions, and other corporate uses. Major financial institutions, including Morgan Stanley and BofA Securities, managed the offering.