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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.

News

Phillips Edison & Company Announces Execution of Interest Rate Swap

Rhea-AI Summary
Phillips Edison & Company, Inc. (Nasdaq: PECO) announced entering into a $150.0 million interest rate swap agreement to mitigate the interest rate risk inherent in its variable rate term loans. The swap swaps the daily Secured Overnight Financing Rate for a fixed rate of approximately 3.45% effective September 25, 2024, maturing December 31, 2025.
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S&P Upgrades Phillips Edison & Company’s Rating Outlook to ‘Positive’ from ‘Stable’

Rhea-AI Summary
Phillips Edison & Company, Inc. (Nasdaq: PECO) has received a 'Positive' rating outlook from S&P Global Ratings, with an affirmed 'BBB-' Issuer Credit Rating. S&P praised PECO's solid operating results, focus on grocery-anchored centers, and conservative balance sheet. The company's long-term leverage target has been revised, and its leverage profile is supported by a well-laddered debt maturity profile. The positive outlook reflects the expectation for continued solid operating performance.
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Phillips Edison & Company Inc. Invites You to Join Its Fourth Quarter and Full Year 2023 Earnings Conference Call

Rhea-AI Summary
Phillips Edison & Company, Inc. (Nasdaq: PECO) will announce its Fourth Quarter and Full Year 2023 earnings results on February 8, 2024, after the market closes. The earnings conference call will be hosted on February 9, 2024, at 12:00 p.m. ET. The company's earnings release and supplemental information package will be available on the Investor Relations section of their website.
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Phillips Edison & Company to Host Investment Community Day

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Phillips Edison & Company, Inc. (Nasdaq: PECO) will host its Investment Community Day on December 14, 2023, providing an update on the company's strategy, growth opportunities, and financial matters. The event will feature a live webcast and is open to institutional investors and analysts.
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Phillips Edison & Company Declares Monthly Dividend Distributions

Rhea-AI Summary
Phillips Edison & Company, Inc. (Nasdaq: PECO) announces monthly dividend distributions of $0.0975 per share of common stock, payable on December 1, 2023; January 2, 2024; February 1, 2024; and March 1, 2024 to stockholders of record as of November 17, 2023; December 15, 2023; January 16, 2024; and February 15, 2024, respectively. Operating partnership unit holders receive distributions at the same rate as common stockholders. For more information, visit https://www.phillipsedison.com/
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Phillips Edison & Company Reports Third Quarter 2023 Results and Updates Full Year Earnings Guidance

Rhea-AI Summary
Phillips Edison & Company (Nasdaq: PECO) reported net income of $12.2 million for Q3 2023, with a 3.2% increase in same-center NOI. The company also updated its 2023 earnings guidance to a range of $2.23 to $2.27 per diluted share for Nareit FFO and $2.31 to $2.35 per diluted share for Core FFO.
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Phillips Edison & Company Announces Devin Murphy to Step Down as President; Bob Myers Promoted to President; Joe Schlosser Promoted to Chief Operating Officer

Rhea-AI Summary
Phillips Edison & Company, Inc. announces leadership changes with Devin Murphy stepping down as President and Bob Myers becoming President effective January 1, 2024. Joe Schlosser will become Chief Operating Officer. The announcement is part of the Company's succession plan. Murphy will serve as Managing Director of Investment Management until June 2024.
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Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors

Rhea-AI Summary
Phillips Edison & Company, Inc. will host a webcast on November 9, 2023, to discuss the business and answer questions from financial advisors and retail investors.
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Phillips Edison & Company Announces Sponsorship with The SCORE Foundation

Rhea-AI Summary
Phillips Edison & Company sponsors The SCORE Foundation to support small businesses. The partnership provides access to educational programs and mentorship for entrepreneurs and small business owners. PECO plans to make these resources available to its retail tenants through the ID Plans Tenant Portal.
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Phillips Edison & Company Inc. Invites You to Join Its Third Quarter 2023 Earnings Conference Call

Rhea-AI Summary
Phillips Edison & Company, Inc. (Nasdaq: PECO) will announce its Q3 2023 earnings on October 31, 2023. Earnings conference call will be held on November 1, 2023, at 12:00 p.m. ET.
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Phillips Edison & Company, Inc.

Nasdaq:PECO

PECO Rankings

#944 Ranked by Market Cap
#985 Ranked by Dividends

PECO Stock Data

4.46B
124.69M
0.55%
84.89%
2.53%
REIT - Retail
Real Estate Investment Trusts
Link
United States
CINCINNATI