Core Insights - Phillips Edison & Company, Inc. (NASDAQ:PECO) is recognized as one of the 10 Best Monthly Dividend Stocks to Buy Now [1] - Evercore ISI initiated coverage of PECO with an Outperform rating and a price target of $41, emphasizing the company's focus on grocery-anchored shopping centers and necessity-based tenants [2] - PECO reported a portfolio occupancy rate of 98%, supported by strong demand from its tenant base, referred to as "Neighbors" [3] Company Performance - The company has over 30 years of experience in the grocery-anchored shopping center sector, which informs its evaluation of property quality and long-term performance [4] - PECO's centers are situated in markets with an average median household income of $92K within a three-mile radius, approximately 15% above the national average [4] - Population growth in these markets has exceeded the U.S. average by about 5% over the past three years, which is expected to support rent growth and long-term value creation [4] Future Outlook - Management projects a 26% increase in portfolio income over the next five years, indicating strong growth potential [4] - The company is actively developing a growing pipeline of ground-up outparcel developments and repositioning projects [3]