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.
Phillips Edison & Company (Nasdaq: PECO) will host a conference call and webcast on May 10, 2023, at 11 a.m. ET. The call will cover the company's business updates and allow for Q&A from financial advisors and retail investors. Key executives participating include CEO Jeff Edison, CFO John Caulfield, and VP of Investor Relations Kimberly Green. The PECO Grow presentation will be available on the Investor Relations section of the company's website.
For participation, dial the toll-free number 1 (888) 210-4659 or the international number 1 (646) 960-0383, using Conference ID 7811955. A replay will be accessible one hour post-presentation.
Phillips Edison & Company (PECO) will announce its first quarter earnings on May 2, 2023, post-market close. The earnings conference call, featuring CEO Jeff Edison and CFO John Caulfield, is scheduled for May 3, 2023, at 12:00 p.m. ET. The call will be available via a webcast on their Investor Relations site. PECO, a leading owner and operator of grocery-anchored shopping centers, manages 291 shopping centers with a footprint of 31.1 million square feet across 31 states. Top grocery anchors include Kroger and Publix, emphasizing PECO's commitment to providing essential goods in strong markets.
Phillips Edison & Company (Nasdaq: PECO) will have its CEO, Jeff Edison, participate in a roundtable presentation at Citi’s 2023 Global Property CEO Conference on March 8, 2023, from 10:35 a.m. to 11:10 a.m. Eastern Time. This event is an opportunity for PECO to showcase its leadership in the grocery-anchored shopping center sector. The conference can be accessed via a webcast. A replay will be available on the company’s investor relations website.
Phillips Edison & Company (Nasdaq: PECO) reported robust financial results for the fourth quarter and full year of 2022. The company achieved a net income of $13.7 million ($0.12 per diluted share) for Q4 and $48.3 million ($0.42 per diluted share) for the full year. Nareit FFO soared by 42.9% in Q4 to $70.6 million ($0.54 per diluted share) and increased 32.9% for the year, totaling $280.7 million ($2.15 per diluted share). The company also exhibited a record occupancy of 97.4% and strong leasing spreads. PECO continued its acquisition strategy, adding properties worth $51.7 million in Q4 and $280.5 million throughout the year, resulting in net acquisitions of $226.5 million.
Phillips Edison & Company (Nasdaq: PECO) has released its tax reporting information for 2022 distributions to common stockholders. The key details include:
- Total Distribution per Share: $0.090000
- Ordinary Dividends: $0.069630
- Record Dates: Various dates from 12/15/2021 to 11/15/2022
- Payable Dates: January 3, 2022, to December 1, 2022
The company manages 291 shopping centers, featuring major grocery anchors such as Kroger and Publix. For tax purposes, details will be reported on Form 1099-DIV.
Phillips Edison & Company (NASDAQ: PECO) highlights key shopping center trends for 2023 in a recent report. Despite economic uncertainties, retailers plan to expand, opting for smaller store footprints. Grocery, service, restaurant, and health/fitness categories are dominating this expansion. The trend of 'medtail' continues as healthcare providers increasingly occupy shopping centers. Demand for neighborhood shopping centers is rising, with national retailers enhancing their local presence. PECO has seen a 40% increase in national retailers in its portfolio since 2018, reflecting strong performance in these centers.
Phillips Edison & Company (Nasdaq: PECO) will release its fourth quarter earnings on February 9, 2023, after market close. The earnings will be discussed in a conference call on February 10, 2023, at 12:00 p.m. ET, hosted by CEO Jeff Edison and other executives. PECO owns and operates a portfolio of grocery-anchored shopping centers across the U.S., managing 290 centers as of September 30, 2022. The company focuses on enhancing grocery-anchored experiences and community development.
Phillips Edison Company (PECO) reported a third-quarter net income of $11 million, translating to $0.09 per diluted share, down from $14.6 million in Q3 2021. Nareit FFO rose 26.4% to $72 million ($0.55/share), and Core FFO increased 15.4% to $76.6 million ($0.58/share). Same-center NOI grew by 4.3%, and occupancy reached a record high of 97.1%. PECO acquired one shopping center for $59.5 million. Monthly distributions increased by 3.7% to $0.0933 per share. Updated 2022 guidance projects net income per share between $0.36 and $0.39, reflecting continued strong performance amid macroeconomic trends.
