Welcome to our dedicated page for Phillips Edison & Company news (Ticker: $PECO), a resource for investors and traders seeking the latest updates and insights on Phillips Edison & Company stock.
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Phillips Edison & Company, Inc. announced a public offering of $350 million aggregate principal amount of 5.750% senior unsecured notes due 2034 through its operating partnership. The offering is expected to settle on May 13, 2024, and the net proceeds will be used for general corporate purposes, property acquisitions, and to temporarily repay borrowings.
Phillips Edison & Company, a major grocery-anchored shopping center owner, declared monthly dividend distributions of $0.0975 per share of common stock payable in June, July, and August 2024. The company also held its annual meeting, re-electing all directors and approving resolutions on executive officer compensation and future say-on-pay proposals.
