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Phillips Edison and Company Inc (PECO) |
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Price: $35.2300
$-0.08 
-0.227%
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| Day's High:
| $35.49
| Week Perf:
| -0.23 %
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| Day's Low: |
$ 35.15 |
30 Day Perf: |
2.56 % |
| Volume (M): |
605 |
52 Wk High: |
$ 36.46 |
| Volume (M$): |
$ 21,314 |
52 Wk Avg: |
$33.00 |
| Open: |
$35.25 |
52 Wk Low: |
$27.85 |
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| Market Capitalization (Millions $) |
4,314 |
| Shares
Outstanding (Millions) |
122 |
| Employees |
500 |
| Revenues (TTM) (Millions $) |
601 |
| Net Income (TTM) (Millions $) |
64 |
| Cash Flow (TTM) (Millions $) |
-16 |
| Capital Exp. (TTM) (Millions $) |
240 |
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
| PECO is expected to report next financial results on February 20, 2024. |
Next quarterly dividend pay out on December 01, 2023. |
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| Stock Performances by Major Competitors |
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Direct Investment Holdings Group Inc
Investing in Real Estate Investment Trusts (REITs) has long been considered a reliable and profitable strategy for many investors. While the industry is dominated by well-established entities, it is important not to overlook the potential of other companies in this sector. One such company is Frontline Equity Partners Inc (FEPI), which recently announced its financial results for the third quarter of 2023.
FEPI reported an operating shortfall of -$0.007582 million for the third quarter of 2023. While this may initially seem like a cause for concern, it is actually a promising revelation when compared to the previous year's operating shortfall of -$0.043621 million. This improvement in performance provides investors with a sense of assurance regarding FEPI's potential.
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Cencora Inc
Cencora Inc, formerly known as AmerisourceBergen Corporation, has shown remarkable growth in its earnings and revenue in the financial interval closing on September 30, 2023, compared to the same reporting period a year ago. The real estate investment trusts (REITs) company has more than doubled its earnings, with its net profit per share soaring by an impressive 426.61% to $2.43, and Revenue increasing by a staggering 168,799.681% to $261.69 billion.
This outstanding performance clearly sets Cencora Inc apart from its industry peers, as the rest of the REITs industry only recorded a 5.26% increase in top-line revenue during the same period. In comparison to the preceding financial reporting period, Cencora Inc's EPS more than doubled by 385.61% from $0.50 per share, while its Revenue doubled by 159,605.225% from $163.86 million.
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Terra Property Trust Inc
Terra Property Trust Inc, a Real Estate Investment Trusts (REIT) company, recently announced a surge in revenue during the third quarter of 2023. The company reported an impressive 25.224% increase in revenue, reaching $17.11 million compared to the corresponding reporting season a year before. However, despite this seemingly positive news, a closer look at the financials reveals some concerning issues which may suggest a bearish outlook for Terra Property Trust Inc.
One of the major concerns is the swelling of Diminishing Returns at $-0.72 per share. This is particularly alarming as it indicates that the company is experiencing diminishing profitability, possibly due to a decline in the efficiency of its operations. A decrease in profitability will undoubtedly impact the overall performance and value of Terra Property Trust Inc.
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Kbs Real Estate Investment Trust Iii Inc
Kbs Real Estate Investment Trust III Inc, a player in the real estate investment trust (REITs) industry, experienced a decline in business and incurred losses during the July to September 30, 2023 period. The company's revenue diminished by -0.838% to $79.55 million, and its loss per share was $-0.16, compared to $-0.11 per share in the same reporting season the previous year.
This drop in business stands in strong contrast to the rest of the REITs industry, which posted a revenue gain during the same period. In the previous reporting season, Kbs Real Estate Investment Trust III Inc saw an improvement in both Income per Share, which increased from $-0.30 per share, and revenue, which improved by 19.029% from $66.83 million.
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Cim Real Estate Finance Trust Inc
In the fast-paced world of the stock market, it is not uncommon to see fluctuations in revenue and earnings. However, amidst the ups and downs, one company stands out with its impressive financial report. CCPT, in their third quarter of 2023 financial report, has shown a remarkable surge in revenue by 26.469% to $138.84 million compared to the corresponding reporting season a year ago. This achievement is certainly worthy of applause.
While it is true that CCPT has slipped into a deficit at $-0.03 per share, it is important to note that this setback should not overshadow the overall positive performance of the company. Cim Real Estate Finance Trust Inc, despite facing challenges, has managed to show significant growth amidst its Real Estate Investment Trusts sector contemporaries. They have recorded a solid 5.12% business advance during the matching time period. This type of growth is not easily achieved, and it is a clear indication of CCPT's competence in navigating a competitive market.
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| Per Share |
Current |
| Earnings (TTM) |
0.47 $ |
| Revenues (TTM) |
4.91 $
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| Cash Flow (TTM) |
- |
| Cash |
0.03 $
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| Book Value |
21.29 $
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| Dividend (TTM) |
1.12 $ |
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| Per Share |
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| Earnings (TTM) |
0.47 $
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| Revenues (TTM) |
4.91 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.03 $
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| Book Value |
21.29 $ |
| Dividend (TTM) |
1.12 $ |
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