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

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.

Phillips Edison & Company (Nasdaq: PECO) will release its fourth quarter earnings on February 9, 2023, after market close. The earnings will be discussed in a conference call on February 10, 2023, at 12:00 p.m. ET, hosted by CEO Jeff Edison and other executives. PECO owns and operates a portfolio of grocery-anchored shopping centers across the U.S., managing 290 centers as of September 30, 2022. The company focuses on enhancing grocery-anchored experiences and community development.

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.