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, groceryanchored 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. In its public announcement, Moody's no ...

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, groceryanchored 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. The Board approved ...

CINCINNATI, Aug. 08, 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 S&P Global Ratings ("S&P") upgraded its issuer credit rating for PECO and the Company's operating partnership, Phillips Edison Grocery Center Operating Partnership I L.P., to 'BBB' from 'BBB-', with a stable outlook. In its public announcement, S&P noted: "We expect Phil ...

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 stockholders ...

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 ...

July 2024 Investor Presentation PHILLIPS EDISON & COMPANY PECO | NASDAQ LISTED PECO's Safe Harbor Statement Non-GAAP Disclosures GROCERY CENTERED. COMMUNITY FOCUSED | 3 PECO | NASDAQ LISTED Founded/IPO Nasdaq PECO | --- | --- | |-----------|------------------| | | | | Total GLA | Leased Portfolio | Grocery Centered. Community Focused. | --- | --- | --- | --- | --- | --- | |-----------------------|------------------------|-------------------------------------|-------------------------------------------|----- ...

Ronald Kamdem Operator Our next question comes from the line of Mike Mueller with JPMorgan. Please go ahead. Michael Mueller Yes, hi. I'm curious, the difference between the $200 million to $300 million of acquisitions that you're comfortable that's baked in to guidance versus where you said you could surpass it if the environment changes. Is it just conversations on product that you're close to, but just not close enough on pricing? Or what could cause you to go above the $200 million to $300 million. Jeff ...

Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.59 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to FFO of $0.59 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus FFO estimates just once. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on ma ...

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 ...