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.
News for Phillips Edison & Company, Inc. (Nasdaq: PECO) centers on its activities as one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers. Founded in 1991, the company communicates regularly with investors through earnings releases, business updates, conference appearances and transaction announcements related to its U.S. retail real estate portfolio.
On this page, readers can follow PECO’s press releases and third-party coverage about quarterly and annual financial results, updates to guidance for net income, Nareit FFO and Core FFO, and commentary on same-center net operating income and portfolio occupancy. The company frequently announces details of its earnings conference calls and webcasts, where management discusses performance, acquisitions, leasing activity and outlook.
News flow also includes information on monthly dividend distributions approved by the Board of Directors, including per-share distribution amounts and record and payment dates, as disclosed in both press releases and Form 8-K filings. Investors can track how these distributions fit within PECO’s broader REIT strategy.
In addition, Phillips Edison & Company appears in news related to property and joint venture transactions, such as programmatic joint ventures that acquire grocery-anchored open-air shopping centers. Coverage may highlight acquisitions of centers anchored by grocers and other necessity-based retailers, reflecting the company’s focus on well-occupied, grocery-anchored neighborhood shopping centers in fundamentally strong U.S. markets.
By monitoring this news feed, users can see how PECO describes its vertically-integrated operating platform, national footprint and transaction activity over time, and can reference official communications around virtual business updates, investor webcasts and conference presentations.
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Phillips Edison & Company (Nasdaq: PECO) will host a conference call and webcast on May 10, 2023, at 11 a.m. ET. The call will cover the company's business updates and allow for Q&A from financial advisors and retail investors. Key executives participating include CEO Jeff Edison, CFO John Caulfield, and VP of Investor Relations Kimberly Green. The PECO Grow presentation will be available on the Investor Relations section of the company's website.
For participation, dial the toll-free number 1 (888) 210-4659 or the international number 1 (646) 960-0383, using Conference ID 7811955. A replay will be accessible one hour post-presentation.
Phillips Edison & Company (PECO) will announce its first quarter earnings on May 2, 2023, post-market close. The earnings conference call, featuring CEO Jeff Edison and CFO John Caulfield, is scheduled for May 3, 2023, at 12:00 p.m. ET. The call will be available via a webcast on their Investor Relations site. PECO, a leading owner and operator of grocery-anchored shopping centers, manages 291 shopping centers with a footprint of 31.1 million square feet across 31 states. Top grocery anchors include Kroger and Publix, emphasizing PECO's commitment to providing essential goods in strong markets.
Phillips Edison & Company (Nasdaq: PECO) will have its CEO, Jeff Edison, participate in a roundtable presentation at Citi’s 2023 Global Property CEO Conference on March 8, 2023, from 10:35 a.m. to 11:10 a.m. Eastern Time. This event is an opportunity for PECO to showcase its leadership in the grocery-anchored shopping center sector. The conference can be accessed via a webcast. A replay will be available on the company’s investor relations website.
Phillips Edison & Company (Nasdaq: PECO) reported robust financial results for the fourth quarter and full year of 2022. The company achieved a net income of $13.7 million ($0.12 per diluted share) for Q4 and $48.3 million ($0.42 per diluted share) for the full year. Nareit FFO soared by 42.9% in Q4 to $70.6 million ($0.54 per diluted share) and increased 32.9% for the year, totaling $280.7 million ($2.15 per diluted share). The company also exhibited a record occupancy of 97.4% and strong leasing spreads. PECO continued its acquisition strategy, adding properties worth $51.7 million in Q4 and $280.5 million throughout the year, resulting in net acquisitions of $226.5 million.
Phillips Edison & Company (Nasdaq: PECO) has released its tax reporting information for 2022 distributions to common stockholders. The key details include:
- Total Distribution per Share: $0.090000
- Ordinary Dividends: $0.069630
- Record Dates: Various dates from 12/15/2021 to 11/15/2022
- Payable Dates: January 3, 2022, to December 1, 2022
The company manages 291 shopping centers, featuring major grocery anchors such as Kroger and Publix. For tax purposes, details will be reported on Form 1099-DIV.
Phillips Edison & Company (NASDAQ: PECO) highlights key shopping center trends for 2023 in a recent report. Despite economic uncertainties, retailers plan to expand, opting for smaller store footprints. Grocery, service, restaurant, and health/fitness categories are dominating this expansion. The trend of 'medtail' continues as healthcare providers increasingly occupy shopping centers. Demand for neighborhood shopping centers is rising, with national retailers enhancing their local presence. PECO has seen a 40% increase in national retailers in its portfolio since 2018, reflecting strong performance in these centers.