Shopping Center Operations

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Phillips Edison & Company Declares Quarterly Dividends; Increases Monthly Dividend Distribution by 5.7%
Globenewswire· 2025-09-02 11:30
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].
Phillips Edison & Company Inc. Invites You to Join Its Second Quarter 2025 Earnings Conference Call
Globenewswire· 2025-07-01 20:05
Core Viewpoint - Phillips Edison & Company, Inc. (PECO) is set to announce its Second Quarter 2025 earnings results on July 24, 2025, after market close, with a conference call scheduled for July 25, 2025, at 12:00 p.m. ET [1][2][6] Company Overview - PECO is one of the largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers in the United States, founded in 1991 [4] - As of March 31, 2025, PECO managed 321 shopping centers, including 298 wholly-owned centers totaling 33.5 million square feet across 31 states [4] - The company focuses on creating omni-channel shopping experiences and improving communities through its shopping centers [4] Earnings Conference Call Details - The earnings conference call will be hosted by Chairman and CEO Jeff Edison, President Bob Myers, and CFO John Caulfield [1] - A webcast replay will be available approximately one hour after the presentation [3] - Investors can access the call via a toll-free dial-in number and a toll dial-in number, with a specific conference ID provided [6]