Phillips Edison & Company filings document the financial reporting, capital structure and governance of a retail real estate company focused on grocery-anchored shopping centers. Its Form 8-K filings frequently furnish quarterly and annual results, supplemental disclosures, business-performance commentary, earnings guidance, and Regulation FD materials tied to its REIT operating metrics.
PECO’s regulatory record also covers dividend and distribution approvals for common stockholders and operating partnership unit holders, public debt activity through Phillips Edison Grocery Center Operating Partnership I, L.P., senior unsecured note guarantees, restrictive covenant disclosures, and proxy matters including shareholder voting, board governance and executive compensation.
Phillips Edison & Company is a REIT focused on omni-channel, grocery-anchored neighborhood shopping centers. As of December 31, 2025, its managed portfolio, including unconsolidated joint ventures, comprised approximately 36.7 million square feet in 31 states and was 97.3% leased.
The company wholly owned 297 shopping centers and held minority interests in three grocery-focused joint ventures. Its strategy centers on necessity-based retailers, high occupancy in small-format centers, and a SOAR framework emphasizing leasing spreads, occupancy, market advantages, and tenant retention to drive cash flow, rent growth, and long-term value.
Balance sheet priorities include maintaining investment grade ratings of Baa2 (Outlook: Stable) and BBB (Outlook: Stable). As of December 31, 2025, indebtedness totaled $2.4 billion and liquidity was $925.1 million, including $43.3 million of cash and $881.8 million of available capacity on a $1 billion revolving credit facility.
Wellington Management Group LLP and related entities have reported a significant ownership position in Phillips Edison & Company, Inc. common stock. As of 12/31/2025, they beneficially owned 6,308,034 shares, representing 5.01% of the outstanding common stock.
They report shared voting power over 4,775,174 shares and shared dispositive power over 6,308,034 shares, with no sole voting or dispositive power. The shares are held of record by investment advisory clients of Wellington-affiliated advisers, and are stated to be held in the ordinary course of business, not for the purpose of changing or influencing control of PECO.
Phillips Edison & Company, Inc. executive Tanya Brady, EVP, General Counsel & Secretary, reported new equity-based awards tied to operating partnership units. On February 4, 2026, she received 3,386 OP Units, which are exchangeable on a one-for-one basis into common stock or cash at fair market value.
She was also granted 502.121 vested Class B Units, issued instead of cash dividends on earlier performance-based awards, and 3,386 Class C Units earned under 2023–2025 performance metrics. These Class C Units are unvested and are scheduled to fully vest on January 1, 2027, subject to continued service.
Phillips Edison & Company, Inc. reported that CFO, EVP & Treasurer John P. Caulfield received additional partnership-based equity awards on February 4, 2026. He was granted 5,643 OP Units in Phillips Edison Grocery Center Operating Partnership I, L.P., which are exchangeable one-for-one into common stock or cash at fair market value.
He also received 838.883 vested Class B Units issued in lieu of cash dividends on earned 2023–2025 Performance-Based LTIP Units, and 5,643 Class C Units tied to the same performance program. These Class C Units are scheduled to vest in full on January 1, 2027, subject to continued service, and both Class B and Class C Units can ultimately convert into OP Units on a one-for-one basis.
Phillips Edison & Company, Inc. President Robert F. Myers received multiple equity-based partnership awards in the company’s operating partnership on February 4, 2026. He was granted 7,772 OP Units, 1,149.261 Class B Units, and 7,771 Class C Units at a price of $0 per unit.
The OP Units were earned under the 2023–2025 Performance-Based LTIP Units, while the Class B Units were issued in lieu of cash dividends on those earned LTIP units. The Class C Units were earned based on the same performance metrics and are scheduled to vest in full on January 1, 2027, subject to continued service, and can ultimately convert into OP Units on a one-for-one basis.
Phillips Edison & Company, Inc. executive Jennifer L. Robison, Chief Accounting Officer and SVP, reported routine equity compensation activity. On February 4, 2026, she acquired 1,522 shares of Common Stock at $0, earned under 2023-2025 performance-based LTIP units tied to company performance.
Half of these shares are vested and half are scheduled to vest on January 1, 2027, contingent on continued service. On the same date, 252 shares were surrendered at $37.22 per share to cover tax liabilities from the vesting, leaving her with 33,337 directly owned shares.
Phillips Edison & Company, Inc. executive vice president and chief operating officer Joseph Schlosser reported routine equity compensation activity. On 02/04/2026, he acquired 1,018 shares of common stock at $0, earned under 2023–2025 performance-based LTIP units, with half vesting immediately and half scheduled to vest on January 1, 2027, subject to continued service.
On the same date, 168 shares were surrendered at $37.22 per share to cover tax liabilities from the vesting of those performance-based units. After these transactions, Schlosser directly holds 25,851 shares of PECO common stock.
Phillips Edison & Company, Inc. (PECO) Chairman and CEO Jeffrey Edison reported new equity-based awards tied to long-term performance. On February 4, 2026, he was granted 30,235 OP Units, 4,480.621 Class B Units, and 30,235 Class C Units at a reported price of $0 per unit.
The filing explains that OP Units are exchangeable into cash equal to the value of one common share or, at PECO OP’s option, one share of common stock on a one-for-one basis. The OP Unit grant reflects achievement of performance metrics under the 2023–2025 Performance-Based LTIP Units. The Class B Units were issued in lieu of cash dividends on those earned LTIP Units, while the Class C Units are unvested awards scheduled to vest on January 1, 2027, subject to continued service.
The Form 4 also lists substantial indirect OP Unit holdings in various trusts and entities, for which Mr. Edison has shared voting and dispositive power and disclaims beneficial ownership beyond his pecuniary interest.
Phillips Edison & Company, Inc. director Devin Ignatius Murphy reported equity incentive activity tied to operating partnership units on February 4, 2026. Vested and earned 2,197.751 Class C Units were converted into an equal number of OP Units at $0 per unit. Murphy was also awarded 15,543 OP Units based on performance metrics under the 2023-2025 Performance-Based LTIP Units and received 1,150.726 vested Class B Units issued in lieu of cash dividends, all at $0 per unit. The filing also reports indirect OP Unit holdings of 378,487.819 through DJM Investments LLC and 64,000 through an LLC held by a family member's trust, for which Murphy disclaims beneficial ownership except to the extent of any pecuniary interest.
Phillips Edison & Company, Inc. filed a current report to note that it has issued a press release announcing its results for the quarter and year ended December 31, 2025 and provided full-year 2026 guidance. The detailed financial information is contained in exhibits to the report.
The company also released a Fourth Quarter 2025 Supplemental Disclosure and scheduled a conference call on February 6, 2026 at 12:00 p.m. Eastern Time to discuss performance and guidance, with both dial-in access and a live webcast plus replay available.