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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 Appointment of Anthony “Tony” Terry to Board of Directors

Rhea-AI Summary
Phillips Edison & Company appoints Anthony Terry as independent director, bringing extensive public company business experience and financial expertise. Terry's track record in strategic planning and capital allocation could drive growth and innovation for PECO.
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1.52%
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Phillips Edison & Company Increases Monthly Dividend Distribution by 4.5% to $0.0975 Per Common Share

Rhea-AI Summary
Phillips Edison & Company, Inc. (Nasdaq: PECO) approved a 4.5% increase in monthly dividend distributions, resulting in a rate of $0.0975 per share of common stock. This represents an annualized rate of $1.17 per share, a 4.5% increase over the previous rate of $1.12 per share. The increase is attributed to the success of their strategy and strong operating performance.
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-0.09%
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Phillips Edison & Company Acquires Lake Pointe Market

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Phillips Edison & Company acquires Lake Pointe Market, a grocery-anchored neighborhood shopping center in Rowlett, Texas. The center is shadow anchored by Tom Thumb, the #1 grocer in its trade area. PECO plans to acquire $200-300 million in net acquisitions this year and aims for a 9% unlevered IRR. The company remains well-positioned to continue gaining share through future acquisitions of grocery-anchored shopping centers.
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0.12%
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Phillips Edison & Company to Present at BofA Securities 2023 Global Real Estate Conference

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Jeff Edison, Chairman and CEO of Phillips Edison & Company, is scheduled to present at the BofA Securities 2023 Global Real Estate Conference on September 13, 2023 at 12:40 p.m. ET.
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0.91%
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Phillips Edison & Company Declares Monthly Dividend Distribution

Rhea-AI Summary
Phillips Edison & Company, Inc. (PECO) has declared a monthly dividend distribution of $0.0933 per share payable on September 1, 2023. The dividend will be paid to stockholders of record as of August 18, 2023. Operating partnership unit holders will receive distributions at the same rate as common stockholders.
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0.36%
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Phillips Edison & Company Reports Second Quarter 2023 Results and Raises Full Year Earnings Guidance

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1.04%
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Phillips Edison & Company Announces Appointment of Parilee Edison Wang to Board of Directors

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Phillips Edison & Company appoints Parilee Edison Wang as director
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2.07%
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Phillips Edison & Company Inc. Invites You to Join Its Second Quarter 2023 Earnings Conference Call

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-1.79%
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Phillips Edison & Company to Present at Nareit REITweek 2023 Investor Conference

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0.94%
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Phillips Edison & Company Highlights Top Trends of 2023 for Grocery-Anchored Neighborhood Shopping Centers

Rhea-AI Summary
Phillips Edison & Company comments on the top shopping center trends of 2023, highlighting strong demand for space among growing retailers. Categories such as medical, quick-serve restaurants, health and beauty, and specialty sweets and treats are highly active in seeking new locations for expansion. The company also notes the rise of therapy locations and the use of artificial intelligence in improving customer service and experience. Despite a more active retailer bankruptcy season, PECO believes the retail industry remains unconcerned due to strong demand from better-performing retailers. PECO's portfolio has limited exposure to distressed retailers and is seeing strong demand for backfilled spaces.
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2.42%
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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
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United States
CINCINNATI