Market Capitalization (Millions $) |
4,175 |
Shares
Outstanding (Millions) |
118 |
Employees |
500 |
Revenues (TTM) (Millions $) |
610 |
Net Income (TTM) (Millions $) |
64 |
Cash Flow (TTM) (Millions $) |
-8 |
Capital Exp. (TTM) (Millions $) |
366 |
Phillips Edison And Company Inc
Phillips Edison and Company, Inc. is a retail-focused real estate investment trust (REIT) which has been in operation for over 30 years. The company specializes in the ownership, management, and development of grocery-anchored shopping centers across the United States.
Phillips Edison and Company, Inc. was founded in 1990 by Jeffrey Edison and Michael Phillips. The company is headquartered in Cincinnati, Ohio, and has additional offices located in California, New York, and Texas. As of March 2021, the company owned and managed over 300 shopping centers located in 31 states, comprising of more than 32 million square feet of leasable space.
The shopping centers owned by Phillips Edison and Company, Inc. are anchored by national and regional grocery stores, which create a critical mass of daily needs retail. This type of anchored retail is highly attractive to both tenants and consumers, as it provides convenience and accessibility, and creates a natural foot traffic flow.
Phillips Edison and Company, Inc. operates with the aim of providing a steady return on investment for its shareholders while delivering value for its tenants, partners, and stakeholders. The company's highly experienced management team has a proven track record of acquiring, redeveloping, and repositioning shopping centers into highly profitable assets.
The main strategy of the company is to acquire high-quality shopping centers that are anchored by major grocery stores, making them highly resilient to economic downturns. Phillips Edison and Company, Inc. also seeks to provide cutting edge technology and marketing strategies to its tenants, encouraging them to remain competitive in an ever-changing retail climate.
In 2021, Phillips Edison and Company, Inc. announced its plans to merge with a publicly traded Special Purpose Acquisition Company (SPAC), providing investors with an opportunity to hold shares in the company. The merger is expected to close in the second quarter of 2021, and the newly formed company will trade on the NASDAQ under the ticker PECO.
Overall, Phillips Edison and Company, Inc. is a thriving retail-focused REIT that is consistently expanding its portfolio and providing value to its stakeholders. The company's robust management team, dedication to anchored retail, and technological innovation make it a leader in the retail real estate market.
Company Address: 11501 Northlake Drive Cincinnati 45249 OH
Company Phone Number: 554-1110 Stock Exchange / Ticker: NASDAQ PECO
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Next quarterly dividend pay out on April 01, 2024. |
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