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Phillips Edison and Company Inc   (PECO)
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Price: $35.2500 $-0.07 -0.198%
Day's High: $35.66 Week Perf: -2.25 %
Day's Low: $ 35.08 30 Day Perf: 2.77 %
Volume (M): 3,374 52 Wk High: $ 37.92
Volume (M$): $ 118,937 52 Wk Avg: $33.86
Open: $35.10 52 Wk Low: $27.85



 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
    Next quarterly dividend pay out on April 01, 2024.


   

Stock Performances by Major Competitors

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Management Announcement

Phillips Edison & Company Experiences Positive Rating Outlook, Paves the Way for Impressive Fourth Quarter Performance

Published Mon, Mar 11 2024 8:31 PM UTC



In a recent press release, Moody's upgraded Phillips Edison & Company's rating outlook from Stable to Positive, signaling a promising future for one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers. Alongside this, Phillips Edison & Company, Inc. (Nasdaq: PECO) achieved a remarkable return on average invested assets (RO...

Dividend

Phillips Edison & Company's Monthly Dividend Distributions: A Boost for Shareholders, but What Lies Ahead?

Published Wed, Feb 21 2024 9:05 PM UTC

Phillips Edison & Company Declares Monthly Dividend Distributions
CINCINNATI, Feb. 21, 2024 - Phillips Edison & Company, Inc. (Nasdaq: PECO), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, recently announced its declaration of monthly dividend distributions for its shareholders. The Board of Directors approved a divid...

Phillips Edison And Company Inc

Phillips Edison And Company Inc Achieves Impressive 6.488% Rise in Revenue in Latest Fiscal Period

Phillips Edison And Company Inc (Nasdaq: PECO) recently published a solid fourth-quarter financial report for 2023, showcasing impressive growth in various areas. The company's revenue increased by a substantial 6.488%, reaching $154.45 million compared to $145.04 million in the previous year. This growth is a testament to the company's successful strategies and strong performance in the market.
Not only did revenue see a significant jump, but profits also advanced by 8.45% to $0.12 per share, compared to $0.11 in the prior year. This positive momentum continued as revenue surged by 1.295% from $152.47 million in the preceding period, and profits grew by a remarkable 20.67% from $0.10 per share.

Dividend

Phillips Edison & Company Ensures Shareholder Confidence by Providing Timely Tax Reporting Information for 2023 Dividends

Published Wed, Jan 17 2024 1:31 PM UTC

Phillips Edison & Company Announces 2023 Dividend Distributions Tax Reporting Information
CINCINNATI, Jan. 17, 2024 - Phillips Edison & Company, Inc. (Nasdaq: PECO), a leading owner and operator of grocery-anchored neighborhood shopping centers in the United States, has revealed its tax reporting details for the dividend distributions made in 2023 to common stockholders...

Financing Agreement

Power Moves: Phillips Edison & Company Executed Interest Rate Swap, Advancing Financial Position and Empowering Growth Strategy

Published Tue, Jan 16 2024 9:06 PM UTC

Phillips Edison & Company Announces Execution of Interest Rate Swap, Solidifying Financial Position
In an effort to bolster its financial strength and optimize its debt management strategy, Phillips Edison & Company, Inc. (Nasdaq: PECO) recently revealed the successful execution of a significant interest rate swap agreement. The deal, valued at $150.0 million, showcases ...






 

Phillips Edison Inc's Segments
 
 
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  Revenue Outlook
Phillips Edison Inc does not provide revenue guidance.

Earnings Outlook
Phillips Edison and Company Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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