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 dilu ...

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 fo ...

Tax Reporting Information - The company announced its tax reporting information for the 2024 distributions to holders of its common stock, detailing per-share distributions for each quarter [1] - The total distribution per share was $0.097500 for the first nine months of 2024, increasing to $0.102500 for the last three months [1] - Ordinary dividends accounted for $0.075454 per share for the first nine months and $0.079324 for the last three months [1] - The return of capital (nontaxable distribution) was $0.022046 per share for the first nine months and $0.023176 for the last three months [1] - No capital gain distributions were reported for any period in 2024 [1] Company Overview - The company is one of the largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers in the US [4] - Founded in 1991, the company operates a vertically-integrated platform with a national footprint of well-occupied shopping centers [4] - As of September 30, 2024, the company managed 311 shopping centers, including 290 wholly-owned centers comprising 32.9 million square feet across 31 states [4] - The company's top grocery anchors include Kroger, Publix, Albertsons, and Ahold Delhaize [4] Investor Relations - The company uses its Investors website as a primary means of disclosing material nonpublic information and complying with Regulation FD [5] - Investors can contact the company via email at InvestorRelations@phillipsedison.com [6]

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, 202 ...

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, 20 ...

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://investor ...

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://investo ...

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. Management Commentary Jeff Edison, Chairman and Chief Executive Officer of PECO stated: "We are pleased to have completed over $300 million in acquisitions in 2024, which was above the midpoint of ...

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. Management Commentary Jeff Edison, Chairman and Chief Executive Officer of PECO stated: “We are pleased to have completed over $300 million in acquisitions in 2024, which was above the midpoint o ...

Investors might want to bet on Phillips Edison & Company, Inc. (PECO) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by ...