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

Phillips Edison & Company (NASDAQ: PECO) unveiled key shopping center trends at ICSC Las Vegas, emphasizing consumer convenience and suburban expansion. Retailers are adapting by relocating closer to growing suburban populations, driven by remote work and demographic shifts. The rise of 'medtail' stores highlights healthcare’s shift towards accessible retail environments. Quick-service restaurants are innovating with drive-thru-only models, while major brands are adopting smaller formats to enhance consumer access and integrate technology. PECO's National Accounts team tracks emerging trends, leveraging data to optimize leasing strategies.

Phillips Edison & Company (PECO) announced an amendment to its credit facility, increasing revolving credit commitments by $300 million to a total of $800 million. The facility matures in January 2026, with a possible extension to January 2027. The amendment also replaces LIBOR with SOFR as the benchmark interest rate and maintains the pricing grid. This increased capacity supports the company's growth initiatives, as noted by CFO John Caulfield.

Phillips Edison & Company (Nasdaq: PECO) reported a strong first quarter for 2022, with net income attributable to stockholders reaching $10.1 million or $0.09 per diluted share, compared to $0.1 million in Q1 2021. Nareit FFO increased by 49.1% to $67.1 million and Core FFO rose 14.2% to $72.6 million. The company achieved a 6.8% growth in same-center NOI and acquired three grocery-anchored centers for $100.4 million. PECO's guidance for 2022 Core FFO per share was raised to a range of $2.18 to $2.24.

Phillips Edison & Company (Nasdaq: PECO) will host a conference call on April 18, 2022, at 1:00 p.m. Eastern Time to discuss its 2021 performance and outlook for 2022. The call will feature CEO Jeff Edison, President Devin Murphy, and CFO John Caulfield. Participants can join via toll-free number (888) 346-2646 or internationally at (412) 317-5249. A webcast will be available at this link. A replay will be accessible one hour after the call.

Phillips Edison & Company, Inc. (Nasdaq: PECO) will release its first quarter earnings on May 5, 2022, after market close. The company will provide a conference call and webcast on May 6, 2022, at 12:00 p.m. Eastern Time to discuss its financial results. PECO is a major operator of grocery-anchored shopping centers, managing 291 centers with approximately 30.9 million square feet across 31 states as of February 28, 2022. Notable grocery anchors include Kroger and Publix, showcasing PECO's focus on necessity-based retail.

Phillips Edison & Company (PECO), a leading owner of grocery-anchored shopping centers, will present at the Citi 2022 Global Property CEO Conference on March 8, 2022, at 3:30 p.m. Eastern Time. Key speakers include CEO Jeff Edison, President Devin Murphy, and CFO John Caulfield. The presentation will be web streamed, and additional company information will be available on their investor website. PECO manages 289 shopping centers across 31 states, focusing on creating omni-channel shopping experiences with major grocery anchors like Kroger and Publix.

Phillips Edison & Company (PECO) reported a net loss of $5.2 million, or $0.05 per diluted share, for Q4 2021, while achieving an annual net income of $15.1 million, or $0.15 per diluted share. Key highlights include a 15.2% increase in same-center NOI and a record 96.3% occupancy rate. The company acquired $219.1 million in grocery-anchored centers, driving momentum in rental income. With strong cash flow and a robust balance sheet showing a 5.6x net debt to EBITDA, PECO is well-positioned for growth. 2022 guidance reflects optimism for continued expansion.

Phillips Edison & Company (Nasdaq: PECO) has announced tax reporting information for its 2021 distributions. The details are provided for Class B Common Shares, including record and payable dates along with total distribution amounts per share. For example, the distribution for the record date of 12/31/2020 was $0.028333, with ordinary dividends at $0.017779. The company operates one of the largest portfolios of grocery-anchored shopping centers in the U.S., managing 289 centers totaling 30.7 million square feet. PECO emphasizes its commitment to enhancing community shopping experiences.

Phillips Edison & Company (PECO) will release its fourth quarter earnings and 2022 full-year guidance on February 10, 2022, after market close. A conference call is scheduled for February 11, 2022, at 12:00 PM ET, featuring CEO Jeff Edison, President Devin Murphy, and CFO John Caulfield. PECO operates 289 shopping centers, including 268 wholly-owned centers totaling approximately 30.7 million square feet, primarily anchored by major grocery chains like Kroger and Publix. The earnings release will be available on their investor website.