Phillips Edison & Company Declares Quarterly Dividends; Increases Monthly Dividend Distribution by 5.7%

Core Viewpoint - Phillips Edison & Company, Inc. announced a 5.7% increase in monthly dividend distributions, reflecting strong operational performance and cash flow growth [1][3]. Dividend Distribution - The Board approved a monthly dividend rate of $0.1083 per share, which annualizes to $1.30 per share, up from the previous $1.23 per share [2]. - This marks the fifth consecutive annual increase in dividend distributions and the second consecutive increase exceeding 5% [3]. Company Performance - Jeff Edison, Chairman and CEO, highlighted the company's ability to deliver solid growth through various economic cycles, emphasizing the favorable balance of defense, offense, and growing cash flow for shareholders [3]. - As of June 30, 2025, the company managed 327 shopping centers, including 303 wholly-owned centers totaling 34.0 million square feet across 31 states [4]. Company Overview - Phillips Edison & Company is one of the largest owners and operators of grocery-anchored neighborhood shopping centers in the U.S., focusing on necessity-based goods and services [4]. - The company features a mix of national and regional retailers, with top grocery anchors including Kroger, Publix, Albertsons, and Ahold Delhaize [4].