Core Viewpoint - Phillips Edison & Company, Inc. (PECO) announced a monthly dividend distribution of $0.0975 per share, payable on September 4, 2024, to stockholders of record as of August 15, 2024 [1]. Company Overview - PECO is one of the largest owners and operators of grocery-anchored neighborhood shopping centers in the United States, founded in 1991 [2]. - The company has a vertically-integrated operating platform and a national footprint, managing 306 shopping centers, including 286 wholly-owned centers totaling 32.6 million square feet across 31 states [2]. - PECO's grocery anchors include major retailers such as Kroger, Publix, Albertsons, and Ahold Delhaize [2]. - The company focuses on creating omni-channel shopping experiences and improving communities through its neighborhood shopping centers [2].

CINCINNATI, July 31, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) ("PECO"), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today announced that its Board of Directors declared a monthly dividend distribution of $0.0975 per share of the Company's common stock payable on September 4, 2024 to stockholders of record as of August 15, 2024. Operating partnership unit holders receive distributions at the same rate as common stockholder ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-40594 PHILLIPS EDISON & COMPANY, INC. (Exact name of registrant as specified in its charter) Maryland 27-1106076 (St ...

Core Viewpoint - Phillips Edison & Company, Inc. (PECO) reported quarterly funds from operations (FFO) of $0.59 per share, missing the Zacks Consensus Estimate of $0.60 per share, and matching the FFO of $0.59 per share from the previous year [1][9] Financial Performance - Over the last four quarters, the company has surpassed consensus FFO estimates only once [2] - The company posted revenues of $161.52 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.77%, compared to year-ago revenues of $152.14 million [9] - The current consensus FFO estimate for the coming quarter is $0.60 on revenues of $165.51 million, and for the current fiscal year, it is $2.40 on revenues of $658.5 million [5] Market Performance - Phillips Edison & Company shares have lost approximately 6.7% since the beginning of the year, while the S&P 500 has gained 13.8% [10] - The estimate revisions trend for Phillips Edison & Company is currently favorable, translating into a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [11] Industry Context - The REIT and Equity Trust - Retail industry, to which Phillips Edison & Company belongs, is currently in the top 14% of over 250 Zacks industries, suggesting a positive outlook for the sector [12]

3 Table of Contents INTRODUCTORY NOTES F I N A N C I A L R E S U L T S E a r nin g s R ele a s e O v e r vie w o f R e s ult s F I N A N C I A L S U M M A RY C o n s olid a t e d B ala n c e S h e e t s C o n s olid a t e d S t a t e m e n t s o f O p e r a tio n s C o n s olid a t e d S t a t e m e n t s o f O p e r a tio n s ( Q u a r t e rly ) N a r eit F F O , C o r e F F O , a n d A d j u s t e d F F O N a r eit F F O , C o r e F F O , a n d A d j u s t e d F F O ( Q u a r t e rly ) E B I T D A r e M e ...

Hannah Harper, Manager of Investor Relations (513) 824-7122 hharper@phillipsedison.com L PHILLIPS EDISON & COMPANY Highlights for the Second Quarter Ended June 30, 2024 Jeff Edison, Chairman and Chief Executive Officer of PECO stated: "The PECO team delivered another solid quarter of growth and market-leading operating metrics. Year to date, same-center NOI increased by 2.8%, Nareit FFO increased 4.1% and Core FFO increased 3.7%. The continued strength of our operating performance is attributable to our dif ...

Total equity Total liabilities and equity Accordingly, Nareit FFO and Core FFO should be reviewed in connection with other GAAP measurements, and should not be viewed as more prominent measures of performance than net income (loss) or cash flows from operations prepared in accordance with GAAP. The Company's Nareit FFO and Core FFO, as presented, may not be comparable to amounts calculated by other REITs. (1) Realized performance income includes fees received related to the achievement of certain performanc ...

Connect with PECO: For additional information, please visit https://www.phillipsedison.com/ Follow PECO on: Twitter at https://twitter.com/PhillipsEdison Facebook at https://www.facebook.com/phillipsedison.co Instagram at https://www.instagram.com/phillips.edison/; and Find PECO on LinkedIn at https://www.linkedin.com/company/phillipsedison&company About Phillips Edison & Company CINCINNATI, July 15, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (NASDAQ:PECO) ("PECO"), one of the nation's largest ...

Core Insights - Phillips Edison & Company, Inc. (PECO) was awarded the Digie Award for its integration of artificial intelligence (AI) into business operations, enhancing efficiency and productivity [1][2][5] - This award highlights PECO's commitment to innovation and excellence in the commercial real estate sector, marking its third Digie Award win [2][3] Company Overview - PECO is one of the largest owners and operators of grocery-anchored neighborhood shopping centers in the United States, managing 304 shopping centers as of March 31, 2024, which includes 284 wholly-owned centers totaling 32.4 million square feet [14] - The company focuses on creating omni-channel shopping experiences and improving communities through its shopping centers, which feature a mix of national and regional retailers [14] AI Integration and Achievements - PECO's IT team has developed custom AI solutions that enhance organizational productivity, automate processes, and improve communication across the enterprise [5] - The Realcomm Best Use of AI Award recognized PECO's significant contributions to improving business insights through machine learning and predictive analytics [5][4]

CINCINNATI, July 01, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (NASDAQ:PECO) ("PECO" or the "Company"), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today announced that on June 25, 2024, its Board of Directors (the "Board") increased the size of the Board from nine to 10 members and appointed Devin Murphy to the Board, effective July 2, 2024. Mr. Murphy served as President of PECO from August 2019 until December 31, 2023. Prior to that, ...