Welcome to our dedicated page for Phillips Edison & Company news (Ticker: $PECO), a resource for investors and traders seeking the latest updates and insights on Phillips Edison & Company stock.
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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%
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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%
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Rhea-AI Summary
Phillips Edison & Company, Inc. (Nasdaq: PECO) will announce its Fourth Quarter and Full Year 2023 earnings results on February 8, 2024, after the market closes. The earnings conference call will be hosted on February 9, 2024, at 12:00 p.m. ET. The company's earnings release and supplemental information package will be available on the Investor Relations section of their website.
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Rhea-AI Sentiment
End-of-Day
-1.02%
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Phillips Edison & Company, Inc. (Nasdaq: PECO) will host its Investment Community Day on December 14, 2023, providing an update on the company's strategy, growth opportunities, and financial matters. The event will feature a live webcast and is open to institutional investors and analysts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
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Phillips Edison & Company, Inc. (Nasdaq: PECO) announces monthly dividend distributions of $0.0975 per share of common stock, payable on December 1, 2023; January 2, 2024; February 1, 2024; and March 1, 2024 to stockholders of record as of November 17, 2023; December 15, 2023; January 16, 2024; and February 15, 2024, respectively. Operating partnership unit holders receive distributions at the same rate as common stockholders. For more information, visit https://www.phillipsedison.com/
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
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Rhea-AI Summary
Phillips Edison & Company (Nasdaq: PECO) reported net income of $12.2 million for Q3 2023, with a 3.2% increase in same-center NOI. The company also updated its 2023 earnings guidance to a range of $2.23 to $2.27 per diluted share for Nareit FFO and $2.31 to $2.35 per diluted share for Core FFO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.27%
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Phillips Edison & Company, Inc. announces leadership changes with Devin Murphy stepping down as President and Bob Myers becoming President effective January 1, 2024. Joe Schlosser will become Chief Operating Officer. The announcement is part of the Company's succession plan. Murphy will serve as Managing Director of Investment Management until June 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.27%
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Rhea-AI Summary
Phillips Edison & Company, Inc. will host a webcast on November 9, 2023, to discuss the business and answer questions from financial advisors and retail investors.
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Rhea-AI Sentiment
End-of-Day
1.01%
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Phillips Edison & Company sponsors The SCORE Foundation to support small businesses. The partnership provides access to educational programs and mentorship for entrepreneurs and small business owners. PECO plans to make these resources available to its retail tenants through the ID Plans Tenant Portal.
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Rhea-AI Sentiment
End-of-Day
0.15%
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Rhea-AI Summary
Phillips Edison & Company, Inc. (Nasdaq: PECO) will announce its Q3 2023 earnings on October 31, 2023. Earnings conference call will be held on November 1, 2023, at 12:00 p.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
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Phillips Edison & Company, Inc.
Nasdaq:PECO
PECO Rankings
PECO Stock Data
4.02B
121.45M
0.53%
83.29%
2.63%
Other Financial Vehicles
Finance and Insurance
United States of America
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.