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Phillips Edison & Company, Inc. - PECO STOCK NEWS

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.

Phillips Edison & Company, Inc. (PECO) delivers essential retail real estate solutions through its grocery-anchored shopping centers. This news hub provides investors with timely updates on corporate developments, financial performance, and strategic initiatives.

Access official press releases, earnings reports, and operational updates from this leading REIT. Our curated collection includes announcements about property acquisitions, leasing activity, portfolio performance, and management changes.

Key updates cover:
• Quarterly financial results
• Strategic property acquisitions
• Tenant relationship developments
• Operational platform enhancements

Bookmark this page for direct access to verified information about PECO's national retail portfolio and investment management services. Check regularly for updates on this REIT's performance in the evolving retail real estate sector.

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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.

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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.

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Phillips Edison & Company, Inc. (Nasdaq: PECO) reported strong financial results for the first quarter of 2024, with net income of $17.7 million and Nareit FFO of $80.1 million. The company affirmed its full year 2024 earnings guidance, showing growth in both Nareit FFO and Core FFO. The leased portfolio occupancy stood at 97.2%, with same-center NOI increasing by 3.7% year-over-year. PECO acquired two shopping centers and one land parcel during the quarter, showcasing its commitment to strategic growth.
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Phillips Edison & Company, Inc. (PECO) to announce First Quarter 2024 earnings results. Earnings call with CEO and executives scheduled for April 26, 2024.
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Phillips Edison & Company, Inc. (PECO) receives positive rating outlook from Moody's and S&P Global Ratings due to its high-quality portfolio of grocery-anchored shopping centers, strong tenant retention, and good operating performance.
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Phillips Edison & Company, Inc. (Nasdaq: PECO) will participate in a roundtable presentation at Citi's 2024 Global Property CEO Conference. The presentation will feature Chairman and CEO Jeff Edison, President Bob Myers, and CFO John Caulfield. The event is scheduled for Monday, March 4, 2024, at 8:10 a.m. Eastern Time.
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Phillips Edison & Company, Inc. (PECO) declares monthly dividend distributions of $0.0975 per share for common stockholders. The dividends will be paid on April 1, 2024, and May 1, 2024, to stockholders of record as of March 15, 2024, and April 15, 2024, respectively.
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Phillips Edison & Company, Inc. (PECO) will host a PECO GROW Update for financial advisors and retail investors on February 29, 2024. The webcast will feature discussions on the business by top executives and a Q&A session. Details for the event are available on the Company's website.
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Phillips Edison & Company, Inc. (Nasdaq: PECO) reported financial and operating results for the period ended December 31, 2023, showing net income of $13.5 million for the fourth quarter and $56.8 million for the year. The company also increased its full year 2024 earnings guidance, with highlights including a 6.0% year-over-year growth in Nareit FFO and a 3.6% increase in same-center NOI.
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Phillips Edison & Company, Inc. (PECO) announced the tax reporting information for the 2023 dividend distributions to holders of its common stock. The tax reporting information as it will be reported on the Form 1099-DIV, on a per share basis, is detailed. The company reported the ordinary dividends, total capital gain distribution, unrecaptured section 1250 gain, return of capital, and section 199A distributions for each record date and payable date. The company also disclosed additional characterization of amounts included in the total capital gain distribution. For more information, visit the company's website or connect with PECO on social media platforms.
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Phillips Edison & Company, Inc.

Nasdaq:PECO

PECO Rankings

PECO Stock Data

4.54B
124.72M
0.55%
84.89%
2.53%
REIT - Retail
Real Estate Investment Trusts
Link
United States
CINCINNATI