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

Phillips Edison Company (PECO) reported a third-quarter net income of $11 million, translating to $0.09 per diluted share, down from $14.6 million in Q3 2021. Nareit FFO rose 26.4% to $72 million ($0.55/share), and Core FFO increased 15.4% to $76.6 million ($0.58/share). Same-center NOI grew by 4.3%, and occupancy reached a record high of 97.1%. PECO acquired one shopping center for $59.5 million. Monthly distributions increased by 3.7% to $0.0933 per share. Updated 2022 guidance projects net income per share between $0.36 and $0.39, reflecting continued strong performance amid macroeconomic trends.

CINCINNATI, Oct. 19, 2022 – Phillips Edison & Company (Nasdaq: PECO), a leading owner and operator of grocery-anchored shopping centers, will host a conference call on November 7, 2022, at 4:00 p.m. Eastern Time. The call will feature Chairman Jeff Edison, CFO John Caulfield, and VP of Investor Relations Kimberly Green.

Participants can join via a toll-free dial-in number or through a webcast, with a replay available shortly after. PECO manages 289 centers, providing essential services in strong markets, featuring major grocery anchors such as Kroger and Publix.

Phillips Edison & Company (Nasdaq: PECO) will announce its third quarter earnings results on November 3, 2022, post-market. The earnings release will be accessible on their Investor Relations website. An earnings conference call featuring key executives will take place on November 4, 2022, at 12:00 p.m. ET, allowing investors to discuss the results. PECO is a significant owner and operator of grocery-anchored neighborhood shopping centers, managing 289 centers as of June 30, 2022, and focusing on enhancing shopping experiences in communities across the U.S.

Phillips Edison & Company (Nasdaq: PECO) announced its participation in the BofA Securities 2022 Global Real Estate Conference on September 13, 2022, at 2:10 p.m. Eastern Time. The roundtable will feature key executives, including Jeff Edison (CEO), Devin Murphy (President), and John Caulfield (CFO). A webcast of the presentation will be available here, with a replay accessible on the company's investor website. PECO is recognized for its extensive network of grocery-anchored shopping centers across the U.S.

On September 6, 2022, Phillips Edison & Company (PECO) announced a 3.7% increase in its monthly distributions to shareholders, effective October 3 and November 1, 2022. This raises the distribution to $0.0933 per share, equating to an annualized rate of $1.12 per share, up from $1.08. The chairman emphasized the company's strong cash flows and commitment to enhancing shareholder returns while pursuing growth opportunities through acquisitions and property redevelopment. PECO operates numerous grocery-anchored shopping centers across the U.S., contributing to solid financial performance.

Phillips Edison & Company (PECO) reported a net income of $13.5 million for Q2 2022, up from $5.6 million in Q2 2021. Nareit FFO rose 18.8% to $71.1 million, driven by increased rental income and reduced interest expense. Same-center NOI increased by 4.3%, and portfolio occupancy hit a record 96.8%. PECO expanded its credit facility to $800 million and launched a $250 million share repurchase program. However, acquisition guidance was downgraded due to capital market uncertainties. PECO raised its 2022 earnings guidance based on strong leasing activities.

Phillips Edison & Company (Nasdaq: PECO) will release its second quarter earnings on August 4, 2022. A conference call will follow on August 5, 2022, at 12:00 p.m. Eastern Time. The call will be hosted by CEO Jeff Edison, President Devin Murphy, and CFO John Caulfield, and will be accessible via the company’s website. As of March 31, 2022, PECO manages 290 shopping centers across 31 states, featuring top grocery anchors such as Kroger and Publix.

Phillips Edison & Company (PECO) announced that its CEO Jeff Edison and CFO John Caulfield will present at the Nareit REITweek: 2022 Investor Conference on June 8, 2022. The presentation is scheduled for 2:45 p.m. Eastern Time and will cover the company’s performance and strategies. PECO is recognized as one of the largest owners and operators of grocery-anchored shopping centers in the U.S., managing 290 shopping centers nationwide. A live webcast of the presentation will be available on PECO's investor relations page.

Phillips Edison & Company (NASDAQ: PECO) has received gold-level recognition as a 2022 Green Lease Leader during the Better Buildings, Better Plants Summit. This honor was given by the Institute for Market Transformation and the U.S. Department of Energy’s Better Buildings Alliance. Green leases aim to enhance energy efficiency and sustainability in commercial spaces, impacting nearly two billion square feet across North America. Green leases can save up to $3 billion in annual utility costs for U.S. office buildings. PECO operates 290 shopping centers, focusing on grocery-anchored retail.