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

Phillips Edison & Company (Nasdaq: PECO) has been awarded the inaugural Best Use of AI Digie Award at the 2024 Realcomm Conference in Tampa. This prestigious recognition highlights PECO's achievements in integrating artificial intelligence into its business operations, enhancing productivity, collaboration, and supporting growth initiatives.

The award acknowledges PECO's in-house developed AI solutions, demonstrating the company's commitment to innovation and automation in the commercial real estate sector. PECO's IT team has been praised for pioneering AI advancements that foster cross-functional collaboration and cultivate a culture where AI acts as a catalyst for growth.

This marks PECO's third Digie Award, further solidifying its position as an industry leader in technological advancements. The company's custom AI solutions have improved organizational productivity, automation across the enterprise, and communications, while also enhancing reporting solutions through machine learning and predictive analytics.

Phillips Edison & Company (Nasdaq: PECO), a key player in grocery-anchored neighborhood shopping centers, announced the appointment of Devin Murphy to its Board of Directors, effective July 2, 2024. The Board increased its size from nine to ten members. Murphy has been instrumental in PECO's growth, serving as President from 2019 to 2023 and as CFO from 2013 to 2019. His extensive background in investment banking, notably with Morgan Stanley and Deutsche Bank, includes executing over 500 transactions worth more than $400 billion. Murphy's expertise spans public company management, corporate finance, and strategic planning.

His various roles at Morgan Stanley included Vice Chairman and Co-Head of US Real Estate Investment Banking. Murphy currently chairs the board of Apartment Income REIT Corp and serves on multiple committees at both AIRC and CoreCivic. Despite his retirement from PECO on July 1, 2024, he will not be considered

Phillips Edison & Company (Nasdaq: PECO), a major owner and operator of grocery-anchored neighborhood shopping centers, will release its Second Quarter 2024 earnings results on July 25, 2024, after the market closes.

The company's Chairman and CEO, Jeff Edison, President Bob Myers, and CFO John Caulfield, will host an earnings conference call on July 26, 2024, at 12:00 p.m. ET. The call will be webcast and can be accessed on the Investor Relations section of PECO's website.

The earnings release and supplemental information package will also be available on the same section of the website. A replay of the webcast will be accessible approximately one hour after the conference concludes.

For more information and updates, visit PECO's official website and their social media pages on Twitter, Facebook, Instagram, and LinkedIn.

Phillips Edison & Company (Nasdaq: PECO), a leading owner and operator of grocery-anchored neighborhood shopping centers, will present at the Nareit REITweek 2024 Investor Conference. Jeff Edison, Chairman and CEO, will present on June 5, 2024, from 3:30 p.m. to 4:00 p.m. Eastern Time. The presentation will be webcast live with a replay available one hour after the event. For more information, visit the company's official website or follow their social media channels.

Phillips Edison & Company, Inc. announced a public offering of $350 million aggregate principal amount of 5.750% senior unsecured notes due 2034 through its operating partnership. The offering is expected to settle on May 13, 2024, and the net proceeds will be used for general corporate purposes, property acquisitions, and to temporarily repay borrowings.

Phillips Edison & Company, a major grocery-anchored shopping center owner, declared monthly dividend distributions of $0.0975 per share of common stock payable in June, July, and August 2024. The company also held its annual meeting, re-electing all directors and approving resolutions on executive officer compensation and future say-on-pay proposals.