Phillips Edison & Company Announces Tax Reporting Information for 2024 Distributions
Rhea-AI Summary
Phillips Edison & Company (PECO), a major owner of grocery-anchored shopping centers, has released its tax reporting information for 2024 distributions to common stockholders. The company paid monthly distributions throughout 2024, with payments of $0.0975 per share from January through September, increasing to $0.1025 per share for October through December.
Each distribution was consistently structured with approximately 77.4% classified as ordinary dividends and 22.6% as return of capital (nontaxable distribution). All ordinary dividend amounts qualify as Section 199A distributions. The company reported no capital gain distributions or unrecaptured Section 1250 gains for the year.
Positive
- Consistent monthly dividend payments throughout 2024
- Dividend increase from $0.0975 to $0.1025 per share in October 2024
- 77.4% of distributions qualify for Section 199A tax treatment
Negative
- None.
CINCINNATI, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced its tax reporting information for the 2024 distributions to holders of its common stock.
The tax reporting information as it will be reported on Form 1099-DIV, on a per share basis, is as follows:
Nasdaq-Listed Common Shares; CUSIP 71844V201
| Record Date | Payable Date | Total Distribution per Share | Ordinary Dividends | Total Capital Gain Distribution | Unrecaptured Section 1250 Gain (1) | Return of Capital (Nontaxable Distribution) | Section 199A Distributions |
| 12/15/2023 | 1/2/2024 | 0.097500 | 0.075454 | - | - | 0.022046 | 0.075454 |
| 1/16/2024 | 2/1/2024 | 0.097500 | 0.075454 | - | - | 0.022046 | 0.075454 |
| 2/15/2024 | 3/1/2024 | 0.097500 | 0.075454 | - | - | 0.022046 | 0.075454 |
| 3/15/2024 | 4/1/2024 | 0.097500 | 0.075454 | - | - | 0.022046 | 0.075454 |
| 4/15/2024 | 5/1/2024 | 0.097500 | 0.075454 | - | - | 0.022046 | 0.075454 |
| 5/15/2024 | 6/4/2024 | 0.097500 | 0.075454 | - | - | 0.022046 | 0.075454 |
| 6/17/2024 | 7/2/2024 | 0.097500 | 0.075454 | - | - | 0.022046 | 0.075454 |
| 7/15/2024 | 8/1/2024 | 0.097500 | 0.075454 | - | - | 0.022046 | 0.075454 |
| 8/15/2024 | 9/4/2024 | 0.097500 | 0.075454 | - | - | 0.022046 | 0.075454 |
| 9/16/2024 | 10/1/2024 | 0.102500 | 0.079324 | - | - | 0.023176 | 0.079324 |
| 10/15/2024 | 11/1/2024 | 0.102500 | 0.079324 | - | - | 0.023176 | 0.079324 |
| 11/15/2024 | 12/3/2024 | 0.102500 | 0.079324 | - | - | 0.023176 | 0.079324 |
(1) Represents additional characterization of amounts included in Total Capital Gain Distribution
Pursuant to U.S. Treas. Reg. §1.1061-6(c), the Company reports that for purposes of §1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three-Year Amounts Disclosure are
Connect with PECO
For additional information, please visit https://www.phillipsedison.com/
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Facebook at https://www.facebook.com/phillipsedison.co
Instagram at https://www.instagram.com/phillips.edison/; and
Find PECO on LinkedIn at https://www.linkedin.com/company/phillipsedison&company
About Phillips Edison & Company
Phillips Edison & Company, Inc. (“PECO”) is one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers. PECO’s centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO’s top grocery anchors include Kroger, Publix, Albertsons and Ahold Delhaize. As of September 30, 2024, PECO managed 311 shopping centers, including 290 wholly-owned centers comprising 32.9 million square feet across 31 states and 21 shopping centers owned in two institutional joint ventures. PECO is focused on creating great omni-channel, grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time.
PECO uses, and intends to continue to use, its Investors website, which can be found at https://investors.phillipsedison.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.
Investors
Phillips Edison & Company, Inc.
InvestorRelations@phillipsedison.com
FAQ
What is PECO's dividend payment schedule for 2024?
How much of PECO's 2024 distributions are classified as return of capital?
When did PECO increase its dividend payment in 2024?
What percentage of PECO's 2024 distributions qualify as ordinary dividends?
