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 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 ...

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 ...

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 ...