Phillips Edison & Company Issues Tax Reporting Information for 2021 Distributions

Rhea-AI Summary

Phillips Edison & Company (Nasdaq: PECO) has announced tax reporting information for its 2021 distributions. The details are provided for Class B Common Shares, including record and payable dates along with total distribution amounts per share. For example, the distribution for the record date of 12/31/2020 was $0.028333, with ordinary dividends at $0.017779. The company operates one of the largest portfolios of grocery-anchored shopping centers in the U.S., managing 289 centers totaling 30.7 million square feet. PECO emphasizes its commitment to enhancing community shopping experiences.

Positive

• PECO reported a total distribution per share of $0.028333 for multiple dates in 2021.
• The company manages 289 shopping centers across 31 states, providing a substantial retail presence.
• Established grocery anchors include major brands such as Kroger and Publix, ensuring strong tenant relationships.

Negative

• None.

CINCINNATI, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, provided tax reporting information for its 2021 distributions.

The tax reporting information as it will be reported on the Form 1099-DIV, on a per share basis, is as follows:

Class B Common Shares; CUSIP 71844V102

Record Date	Payable Date	Total Distribution per Share	Ordinary Dividends	Total Capital Gain Distribution	Unrecaptured Section 1250 Gain (1)	Return of Capital (Nontaxable Distribution)	Section 199A Distributions
12/31/2020	1/12/2021	0.028333	0.017779	0.005425	0.001964	0.005129	0.017779
1/15/2021	2/1/2021	0.028333	0.017779	0.005425	0.001964	0.005129	0.017779
2/15/2021	3/1/2021	0.028333	0.017779	0.005425	0.001964	0.005129	0.017779
3/19/2021	4/1/2021	0.028333	0.017779	0.005425	0.001964	0.005129	0.017779
4/19/2021	5/3/2021	0.028333	0.017779	0.005425	0.001964	0.005129	0.017779
5/17/2021	6/1/2021	0.028333	0.017779	0.005425	0.001964	0.005129	0.017779
6/15/2021	7/1/2021	0.028333	0.017779	0.005425	0.001964	0.005129	0.017779

Class B Common Shares; CUSIP 71844V300

Record Date	Payable Date	Total Distribution per Share	Ordinary Dividends	Total Capital Gain Distribution	Unrecaptured Section 1250 Gain (1)	Return of Capital (Nontaxable Distribution)	Section 199A Distributions
7/15/2021	8/2/2021	0.085000	0.053336	0.016276	0.005894	0.015388	0.053336
8/16/2021	9/1/2021	0.085000	0.053336	0.016276	0.005894	0.015388	0.053336
9/15/2021	10/1/2021	0.085000	0.053336	0.016276	0.005894	0.015388	0.053336
10/15/2021	11/1/2021	0.090000	0.056474	0.017234	0.006240	0.016292	0.056474
11/15/2021	12/1/2021	0.090000	0.056474	0.017234	0.006240	0.016292	0.056474

Nasdaq-Listed Common Shares; CUSIP 71844V201

Record Date	Payable Date	Total Distribution per Share	Ordinary Dividends	Total Capital Gain Distribution	Unrecaptured Section 1250 Gain (1)	Return of Capital (Nontaxable Distribution)	Section 199A Distributions
8/16/2021	9/1/2021	0.085000	0.053336	0.016276	0.005894	0.015388	0.053336
9/15/2021	10/1/2021	0.085000	0.053336	0.016276	0.005894	0.015388	0.053336
10/15/2021	11/1/2021	0.090000	0.056474	0.017234	0.006240	0.016292	0.056474
11/15/2021	12/1/2021	0.090000	0.056474	0.017234	0.006240	0.016292	0.056474

(1) Represents additional characterization of amounts included in Total Capital Gain Distribution

Pursuant to U.S. Treas. Reg. §1.1061-6(c), the Company reports that for purposes of §1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three Year Amounts Disclosure are $0.00 with respect to direct and indirect holders of “applicable partnership interests.”

About Phillips Edison & Company
Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”) is one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers. PECO’s centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO’s top grocery anchors include Kroger, Publix, Albertsons, and Ahold Delhaize. As of December 31, 2021, PECO manages 289 shopping centers, including 268 wholly-owned centers comprising approximately 30.7 million square feet across 31 states, and 21 shopping centers owned in two institutional joint ventures. PECO is exclusively focused on creating great omni-channel grocery-anchored shopping experiences and improving communities, one shopping center at a time.

PECO uses, and intends to continue to use, its Investors website, which can be found at https://investors.phillipsedison.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.

Forward-Looking Statements
Certain statements contained in this press release of Phillips Edison & Company, Inc. (the “Company”) other than historical facts may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by the Company’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date this report is filed with the U.S. Securities and Exchange Commission (“SEC”). Such statements include, in particular, statements about the Company’s plans, acquisitions, dispositions, strategies, and prospects, and are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. These risks include, without limitation, (i) changes in national, regional, or local economic climates; (ii) local market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in the Company’s portfolio; (iii) vacancies, changes in market rental rates, and the need to periodically repair, renovate, and re-let space; (iv) changes in interest rates and the availability of permanent mortgage financing; (v) competition from other available properties and the attractiveness of properties in the Company’s portfolio to its tenants; (vi) the financial stability of tenants, including the ability of tenants to pay rent; (vii) changes in tax, real estate, environmental, and zoning laws; (viii) the concentration of the Company’s portfolio in a limited number of industries, geographies, or investments; and (ix) any of the other risks included in the Company’s SEC filings. Therefore, such statements are not intended to be a guarantee of the Company’s performance in future periods.

Additional important factors that could cause actual results to differ are described in the filings made from time to time by the Company with the SEC and include the risk factors and other risks and uncertainties described in the Company’s 2020 Annual Report on Form 10-K, filed with the SEC on March 12, 2021, and the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, filed on August 5, 2021, in each case as updated from time to time in the Company’s periodic and/or current reports filed with the SEC, which are accessible on the SEC’s website at www.sec.gov. Except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statements contained in this release.

Investors:
Phillips Edison & Company, Inc.
Michael Koehler, Vice President of Investor Relations
(513) 338-2743
InvestorRelations@phillipsedison.com  

Source: Phillips Edison & Company, Inc.

FAQ

What is the distribution amount per share for Phillips Edison & Company (PECO) in 2021?

The total distribution per share for Phillips Edison in 2021 varies by date, with amounts such as $0.028333 reported for multiple record dates.

What are the ordinary dividends distributed by PECO in 2021?

For the record date of 12/31/2020, PECO reported ordinary dividends of $0.017779 per share.

How many shopping centers does Phillips Edison & Company manage?

Phillips Edison manages a total of 289 shopping centers across the United States.

Who are the grocery anchors for PECO's shopping centers?

PECO's major grocery anchors include Kroger, Publix, Albertsons, and Ahold Delhaize.

When are the payable dates for PECO's 2021 distributions?

Payable dates for PECO's distributions in 2021 include dates such as 1/12/2021 and 2/1/2021.