| Phillips Edison & Company to Present at Nareit REITweek 2025 Investor Conference |
CINCINNATI, May 15, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield will present at Nareit REITweek on Tuesday, June 3, 2025 at 8:45 a.m. Eastern Time. |
globenewswire.com |
2025-05-15 20:05:00 |
Czytaj oryginał (ang.) |
| PECO Announces the Retirement of President and CEO David Velazquez |
PHILADELPHIA--(BUSINESS WIRE)--PECO, an Exelon company (Nasdaq: EXC), today announced the retirement of President and CEO David Velazquez. Velazquez, an Exelon veteran, retires after more than 40 years of service across the energy industry. Velazquez, who grew up in Pennsylvania, was named PECO's president and CEO in February 2024, becoming quickly entrenched in the service area, building strong relationships with local businesses and community organizations and furthering PECO's commitment to. |
businesswire.com |
2025-05-15 13:15:00 |
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| Phillips Edison & Company Declares Monthly Dividend Distributions; Announces Results of Annual Meeting of Stockholders |
CINCINNATI, May 01, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that its Board of Directors declared monthly dividend distributions of $0.1025 per share of the Company's common stock payable on June 3, 2025; July 1, 2025; and August 1, 2025 to stockholders of record as of May 16, 2025; June 16, 2025; and July 15, 2025, respectively. |
globenewswire.com |
2025-05-01 20:05:00 |
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| Phillips Edison: Defensive REIT That Is Well Positioned In The Current Macro Environment |
I give a 'Buy' rating for Phillips Edison due to its strong 1Q25 performance and resilience in an uncertain macroeconomic environment. The Company's portfolio, focused on necessity-driven tenants like grocery stores, ensures steady NOI growth even if discretionary spending weakens. Strong leasing spreads, high occupancy, and a solid balance sheet highlight PECO's embedded pricing power and growth potential. |
seekingalpha.com |
2025-05-01 12:11:40 |
Czytaj oryginał (ang.) |
| Phillips Edison: Excellent Fundamentals Support Investment Thesis |
Phillips Edison & Company, Inc. remains a "Buy" due to its high-quality, grocery-anchored portfolio, strong tenant retention, and solid balance sheet, offering income and growth potential. PECO's Q1 2025 results showed strong same-center NOI growth of 3.9% YoY, high occupancy at 97.1%, and impressive Core FFO per share growth of 8.3% YoY. With a 3.5% dividend yield, a low 49% payout ratio, and a forward P/FFO of 13.7, PECO offers attractive total return potential with lower market volatility. |
seekingalpha.com |
2025-04-29 11:10:00 |
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| Phillips Edison & Company, Inc. (PECO) Q1 2025 Earnings Call Transcript |
Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q1 2025 Earnings Conference Call April 25, 2025 12:00 PM ET Company Participants Kimberly Green - Head, IR Jeff Edison - Chairman & CEO Bob Myers - President John Caulfield - CFO Conference Call Participants Caitlin Burrows - Goldman Sachs Haendel St. Juste - Mizuho Samir Khanal - Bank of America Dori Kesten - Wells Fargo Omotayo Okusanya - Deutsche Bank Todd Thomas - KeyBanc Capital Markets Floris van Dijkum - Compass Point Mike Mueller - JP Morgan Daniel Purpura - Green Street Operator Good day, and welcome to Phillips Edison & Company's First Quarter 2025 Earnings Call. Please note that this call is being recorded. |
seekingalpha.com |
2025-04-25 19:02:13 |
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| Here's What Key Metrics Tell Us About Phillips Edison & Company (PECO) Q1 Earnings |
The headline numbers for Phillips Edison & Company (PECO) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2025-04-25 00:30:35 |
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| Phillips Edison & Company, Inc. (PECO) Q1 FFO and Revenues Top Estimates |
Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.65 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to FFO of $0.60 per share a year ago. |
zacks.com |
2025-04-24 22:20:36 |
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| Phillips Edison & Company Reports First Quarter 2025 Results and Affirms Full Year Earnings Guidance |
CINCINNATI, April 24, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today reported financial and operating results for the period ended March 31, 2025 and affirmed full year 2025 earnings guidance. For the three months ended March 31, 2025, net income attributable to stockholders was $26.3 million, or $0.21 per diluted share. |
globenewswire.com |
2025-04-24 20:05:00 |
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| Phillips Edison & Company to Host ICSC Recap |
CINCINNATI, April 23, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will host its ICSC Recap webcast on Thursday, May 22, 2025 at 1:00 p.m. Eastern Time. The event will be webcast only. |
globenewswire.com |
2025-04-23 20:30:00 |
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| Disparate Property Supply In Tampa Creates Selective Opportunity |
Tampa's strong job and population growth make it a prime real estate location, but supply and demand dynamics are crucial for investment decisions. The high housing supply in Tampa has led to a temporary downturn in home prices, while limited retail space has driven up retail rents. Other property sectors have limited supply and much stronger outlooks within Tampa. |
seekingalpha.com |
2025-04-11 19:45:28 |
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| Phillips Edison & Company Inc. Invites You to Join Its First Quarter 2025 Earnings Conference Call |
CINCINNATI, March 25, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will announce its First Quarter 2025 earnings results on Thursday, April 24, 2025, after the market closes. PECO's earnings release and supplemental information package will be posted on the Investor Relations section of the Company's website at https://investors.phillipsedison.com/. Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcasted, on Friday, April 25, 2025, at 12:00 p.m. ET. |
globenewswire.com |
2025-03-25 10:00:00 |
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| These 5 Dividend Stocks Will Pay You Like a Boss Every Month |
Dividend stocks offer a reliable way to generate monthly income without the hassles of finding a side gig, buying and managing a rental property, or any other things you learn about while doom-scrolling social media these days. |
247wallst.com |
2025-03-18 17:28:10 |
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| Passive Income Seekers Should Look at These Monthly Dividend Paying Stocks |
Dividend stocks are gaining popularity again due to the recent wave of bearishness in the stock market. |
247wallst.com |
2025-03-11 16:48:32 |
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| Phillips Edison & Company to Present at Citi's 2025 Global Property CEO Conference |
CINCINNATI, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that the Company will participate in a roundtable presentation at Citi's 2025 Global Property CEO Conference on Tuesday, March 4, 2025 at 4:20 p.m. Eastern Time. |
globenewswire.com |
2025-02-26 18:05:00 |
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| Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors on February 25 |
CINCINNATI, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will host a PECO GROW Update for financial advisors and retail investors on Tuesday, February 25, 2025, at 12:00 p.m. ET. During the webcast, PECO will discuss the business and answer questions from financial advisors and retail investors. |
globenewswire.com |
2025-02-13 18:05:00 |
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| Phillips Edison & Company Declares Monthly Dividend Distributions |
CINCINNATI, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that its Board of Directors declared monthly dividend distributions of $0.1025 per share of the Company's common stock payable on April 1, 2025 and May 1, 2025 to stockholders of record as of March 17, 2025 and April 15, 2025, respectively. |
globenewswire.com |
2025-02-12 18:05:00 |
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| Phillips Edison: Prime Grocery-Anchored Real Estate At A Great Price |
Phillips Edison offers high exposure to grocery-anchored shopping centers, providing a resilient business model with high occupancy and robust lease spreads. PECO's disciplined acquisition strategy and ground-up development opportunities are expected to deliver attractive returns, supported by a strong investment-grade balance sheet. With a well-covered 3.3% dividend yield and attractive valuation below its historical P/FFO average, PECO is positioned for potentially strong total returns. |
seekingalpha.com |
2025-02-10 15:01:38 |
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| Phillips Edison & Company, Inc. (PECO) Q4 2024 Earnings Conference Call Transcript |
Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q4 2024 Earnings Conference Call February 7, 2025 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President John Caulfield - CFO Conference Call Participants Jeffrey Spector - Bank of America Merrill Lynch Haendel St. Juste - Mizuho Caitlin Burrows - Goldman Sachs Dori Kesten - Wells Fargo Ronald Kamdem - Morgan Stanley Omotayo Okusanya - Deutsche Bank Todd Thomas - KeyBanc Capital Markets Floris Van Dijkum - Compass Point Michael Mueller - JP Morgan Juan Sanabria - BMO Capital Markets Paulina Rojas - Green Street Operator Good day, and welcome to Phillips Edison & Company's Fourth Quarter and Full Year 2024 Earnings Call. Please note that this call is being recorded. |
seekingalpha.com |
2025-02-07 17:09:04 |
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| Phillips Edison & Company (PECO) Reports Q4 Earnings: What Key Metrics Have to Say |
While the top- and bottom-line numbers for Phillips Edison & Company (PECO) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2025-02-06 21:36:09 |
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| Phillips Edison & Company, Inc. (PECO) Meets Q4 FFO Estimates |
Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.58 per share a year ago. |
zacks.com |
2025-02-06 20:50:17 |
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| Phillips Edison & Company Reports Fourth Quarter and Full Year 2024 Results |
CINCINNATI, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today reported financial and operating results for the fourth quarter and full year ended December 31, 2024 and provided guidance for 2025. For the fourth quarter and full year ended December 31, 2024, net income attributable to stockholders was $18.1 million, or $0.15 per diluted share, and $62.7 million, or $0.51 per diluted share, respectively. |
globenewswire.com |
2025-02-06 18:05:00 |
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| Cohen & Steers Income Opportunities REIT, Inc. Acquires Publix-Anchored Shopping Center in Orlando, FL with Phillips Edison & Company |
NEW YORK , Jan. 21, 2025 /PRNewswire/ -- Cohen & Steers Income Opportunities REIT, Inc. ("CNSREIT") announced today its acquisition of Oak Grove Shoppes, a grocery-anchored shopping center in Orlando, Florida, with Phillips Edison & Company (NASDAQ: PECO – "PECO"), a publicly-traded owner and operator of grocery-anchored shopping centers in the U.S. This is the second acquisition in a programmatic joint venture targeting $300 million in equity and owned 80% by CNSREIT and 20% by PECO. The joint venture is focused on acquiring open-air, grocery-anchored shopping centers and leverages PECO's deep sector expertise. |
prnewswire.com |
2025-01-21 11:00:00 |
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| Phillips Edison & Company Announces Tax Reporting Information for 2024 Distributions |
CINCINNATI, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced its tax reporting information for the 2024 distributions to holders of its common stock. |
globenewswire.com |
2025-01-17 18:05:00 |
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| Phillips Edison & Company Announces Maturity Extension and Upsize of $1.0 Billion Unsecured Revolving Credit Facility |
CINCINNATI, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced the closing of the second amendment to its unsecured revolving credit facility (the “Revolving Credit Facility”). The amendment increases the size of the Revolving Credit Facility to $1.0 billion (from $800 million) and extends the maturity date to January 9, 2029, with options to extend maturity for two additional six-month periods. The amount and maturity date of the existing term loan remain unchanged. The Company can increase the Revolving Credit Facility or incur new term loans by up to $500 million and increase the existing term loan by up to $200 million, subject to further syndication. |
globenewswire.com |
2025-01-09 18:05:00 |
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| Phillips Edison & Company Inc. Invites You to Join Its Fourth Quarter and Full Year 2024 Earnings Conference Call |
CINCINNATI, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will announce its Fourth Quarter and Full Year 2024 earnings results on Thursday, February 6, 2025, after the market closes. PECO's earnings release and supplemental information package will be posted on the Investor Relations section of the Company's website at https://investors.phillipsedison.com/. Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcasted, on Friday, February 7, 2025, at 12:00 p.m. ET. |
globenewswire.com |
2025-01-08 18:06:00 |
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| Phillips Edison & Company Provides Update on Fourth Quarter 2024 Transaction Activity; Completes Over $300 Million in Net Acquisitions in 2024 |
CINCINNATI, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced transaction activity for the three months ended December 31, 2024. |
globenewswire.com |
2025-01-07 18:05:00 |
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| Phillips Edison & Company (PECO) Upgraded to Buy: Here's Why |
Phillips Edison & Company (PECO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). |
zacks.com |
2024-12-24 15:01:20 |
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| Phillips Edison & Company Reveals Retail Trends in Commercial Real Estate for 2025 |
CINCINNATI, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or “the Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today released its top anticipated shopping center retail trends for 2025 as part of ICSC New York. |
globenewswire.com |
2024-12-10 18:05:00 |
Czytaj oryginał (ang.) |
| Phillips Edison & Co: Defensive Shopping Center REIT |
PECO has delivered over 21% total returns since November 2023, with a current forward yield of 3.12% and a P/FFO multiple of 16.31x. Looking at PECO stock, I question the relative valuation compared to peers KIM, REG, and FRT. Diving a bit more, I will identify PECO's advantages and vulnerabilities compared to peers. |
seekingalpha.com |
2024-11-13 15:30:05 |
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| Phillips Edison & Company to Host Virtual Business Update |
CINCINNATI, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will host a virtual Business Update on Thursday, December 19, 2024 at 11:30 a.m. Eastern Time. The event will be webcast only. |
globenewswire.com |
2024-11-04 18:05:00 |
Czytaj oryginał (ang.) |
| Phillips Edison & Company Declares Monthly Dividend Distribution |
CINCINNATI , Oct. 30, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that its Board of Directors declared a monthly dividend distribution of $0.1025 per share of the Company's common stock payable on December 3, 2024; January 3, 2025; February 4, 2025; and March 4, 2025 to stockholders of record as of November 15, 2024; December 16, 2024; January 15, 2025; and February 18, 2025. |
globenewswire.com |
2024-10-30 18:44:00 |
Czytaj oryginał (ang.) |
| Phillips Edison & Company, Inc. (PECO) Q3 2024 Earnings Call Transcript |
Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q3 2024 Earnings Conference Call October 25, 2024 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President John Caulfield - CFO Conference Call Participants Jeffrey Spector - Bank of America Merrill Lynch Caitlin Burrows - Goldman Sachs Ravi Vaidya - Mizuho Dori Kesten - Wells Fargo Omotayo Okusanya - Deutsche Bank Todd Thomas - KeyBanc Capital Floris Van Dijkum - Compass Point Juan Sanabria - BMO Capital Markets Michael Mueller - JPMorgan Ronald Kamden - Morgan Stanley Paulina Rojas - Green Street Operator Good day and welcome to Phillips Edison & Company's Third Quarter 2024 Earnings Call. Please note that this call is being recorded. |
seekingalpha.com |
2024-10-25 19:09:05 |
Czytaj oryginał (ang.) |
| Phillips Edison & Company (PECO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates |
The headline numbers for Phillips Edison & Company (PECO) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2024-10-24 23:36:07 |
Czytaj oryginał (ang.) |
| Phillips Edison & Company, Inc. (PECO) Beats Q3 FFO and Revenue Estimates |
Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.62 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to FFO of $0.58 per share a year ago. |
zacks.com |
2024-10-24 22:50:15 |
Czytaj oryginał (ang.) |
| Phillips Edison & Company Reports Third Quarter 2024 Results and Updates Full Year Earnings Guidance |
CINCINNATI, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality grocery-anchored neighborhood shopping centers, today reported financial and operating results for the period ended September 30, 2024 and updated full year 2024 earnings guidance. For the three and nine months ended September 30, 2024, net income attributable to stockholders was $11.6 million, or $0.09 per diluted share, and $44.5 million, or $0.36 per diluted share, respectively. |
globenewswire.com |
2024-10-24 20:36:00 |
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| The State Of REITs: October 2024 Edition |
REITs achieved their 5th straight month in the black with a +3.09% average total return in September and +9.61% year to date. Mid-cap (+5.01%), large cap (+3.41%) and small cap REITs (+2.59%) averaged solid gains in September. Micro caps (-0.42%) again averaged a negative total return. 72.3% of REIT securities had a positive total return in September. |
seekingalpha.com |
2024-10-19 07:39:23 |
Czytaj oryginał (ang.) |
| Phillips Edison & Company Inc. Invites You to Join Its Third Quarter 2024 Earnings Conference Call |
CINCINNATI, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will announce its Third Quarter 2024 earnings results on Thursday, October 24, 2024, after the market closes. PECO's earnings release and supplemental information package will be posted on the Investor Relations section of the Company's website at https://investors.phillipsedison.com/. Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcasted, on Friday, October 25, 2024, at 12:00 p.m. ET. |
globenewswire.com |
2024-09-24 20:05:00 |
Czytaj oryginał (ang.) |
| Phillips Edison: A High-Quality REIT At A High Valuation |
PECO has a well-diversified retail portfolio consisting of primarily grocery-anchored assets. The majority of its tenants operate at a nation/region-wide scale. Though the favorable market dynamics have resulted in increasingly wide lease spreads, the corporate-level growth has been more modest. |
seekingalpha.com |
2024-09-20 12:42:23 |
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| Fed Ahead |
Following their worst week since mid-2023, U.S. equity markets rebounded this week while benchmark interest rates dipped to two-year lows as investors parsed a relatively encouraging slate of inflation data. The critical CPI and PPI reports showed that - excluding the dubious shelter component - consumer and producer price pressures now appear well-contained, following the painful pandemic-era inflation surge. The S&P 500 rallied 4.0%, lifting the major equity benchmark to within 0.5% of fresh record highs. The policy-sensitive 2-Year Treasury Yield dipped to the lowest level in two years. |
seekingalpha.com |
2024-09-15 13:00:00 |
Czytaj oryginał (ang.) |
| Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors on September 18 |
CINCINNATI, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will host a PECO GROW Update for financial advisors and retail investors on Wednesday, September 18, 2024, at 12:00 p.m. ET. During the webcast, PECO will discuss the business and answer questions from financial advisors and retail investors. |
globenewswire.com |
2024-09-12 12:00:00 |
Czytaj oryginał (ang.) |
| Phillips Edison & Company Announces Pricing of Offering of $350 Million Aggregate Principal Amount of 4.950% Senior Unsecured Notes Due 2035 |
CINCINNATI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that its operating partnership, Phillips Edison Grocery Center Operating Partnership I, L.P. (the “Operating Partnership”), has priced a public offering of $350 million aggregate principal amount of 4.950% senior unsecured notes due 2035 (the “Notes”). The Notes were priced at 98.458% of the principal amount and will mature on January 15, 2035. The offering is expected to settle on September 12, 2024, subject to the satisfaction of customary closing conditions. The notes will be fully and unconditionally guaranteed by PECO. |
globenewswire.com |
2024-09-09 20:57:00 |
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| Shopping Center REITs Are Hot: Pick A Winner |
The current environment is favorable for REITs, with normalized prices, falling Treasury yields, and expected prime rate cuts. Shopping Center REITs offer above-average yields (3.88%) and superior growth prospects, driven by record-high occupancy rates and strong rental rate spreads. This article examines liquidity, FFO growth, TCFO growth, dividend growth, market cap, share price growth, and volatility to identify the best Shopping Center REITs for the next 2 years. |
seekingalpha.com |
2024-09-09 12:00:00 |
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| Phillips Edison & Company Upgraded by Moody's to ‘Baa2' with Stable Outlook |
CINCINNATI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that Moody's Ratings ("Moody's") upgraded its issuer credit rating for PECO and the Company's operating partnership, Phillips Edison Grocery Center Operating Partnership I L.P., to ‘Baa2' from ‘Baa3', with a stable outlook. |
globenewswire.com |
2024-09-09 11:00:00 |
Czytaj oryginał (ang.) |
| 5 Stocks That Recently Announced Dividend Hikes |
Investors may keep a tab on stocks like PECO, RICK, ITUB, LOW and LRCX, which have lately hiked their dividend payments. |
zacks.com |
2024-09-06 13:06:19 |
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| Phillips Edison & Company Increases Monthly Dividend Distribution by 5.1% to $0.1025 Per Common Share |
CINCINNATI, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that its Board of Directors (the “Board”) approved a 5.1% increase to the monthly dividend distributions payable October 1, 2024 and November 1, 2024 to common stockholders of record as of September 16, 2024 and October 15, 2024, respectively. |
globenewswire.com |
2024-09-03 20:05:00 |
Czytaj oryginał (ang.) |
| Phillips Edison & Company to Present at BofA Securities 2024 Global Real Estate Conference |
CINCINNATI, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that Jeff Edison, Chairman and Chief Executive Officer, is scheduled to present at the BofA Securities 2024 Global Real Estate Conference on Tuesday, September 10, 2024 at 2:15 p.m. Eastern Time. |
globenewswire.com |
2024-08-29 12:30:00 |
Czytaj oryginał (ang.) |