Phillips Edison & Company, Inc. (PECO)
Market Cap | 4.87B |
Revenue (ttm) | 661.39M |
Net Income (ttm) | 62.69M |
Shares Out | 138.24M |
EPS (ttm) | 0.51 |
PE Ratio | 69.20 |
Forward PE | 63.40 |
Dividend | $1.21 (3.43%) |
Ex-Dividend Date | Apr 15, 2025 |
Volume | 566,911 |
Open | 35.50 |
Previous Close | 35.38 |
Day's Range | 35.06 - 35.61 |
52-Week Range | 30.62 - 40.12 |
Beta | 0.35 |
Analysts | Buy |
Price Target | 38.33 (+8.74%) |
Earnings Date | Feb 6, 2025 |
About PECO
Phillips Edison & Company, Inc. (“PECO”) is one of the nation’s largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers. PECO’s centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO’s top grocery anchors include Kroger, Publix, Albertsons and Ahold D... [Read more]
Financial Performance
In 2024, Phillips Edison & Company's revenue was $661.39 million, an increase of 8.40% compared to the previous year's $610.12 million. Earnings were $62.69 million, an increase of 10.27%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for PECO stock is "Buy." The 12-month stock price forecast is $38.33, which is an increase of 8.74% from the latest price.
News

Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors on February 25
CINCINNATI, Feb. 13, 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-anchor...

Phillips Edison & Company Declares Monthly Dividend Distributions
CINCINNATI, Feb. 12, 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-anchor...

Phillips Edison: Prime Grocery-Anchored Real Estate At A Great Price
Phillips Edison offers high exposure to grocery-anchored shopping centers, providing a resilient business model with high occupancy and robust lease spreads. PECO's disciplined acquisition strategy an...

Phillips Edison & Company, Inc. (PECO) Q4 2024 Earnings Conference Call Transcript
Phillips Edison & Company, Inc. (NASDAQ:PECO) Q4 2024 Earnings Conference Call February 7, 2025 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President Jo...

Phillips Edison & Company Reports Fourth Quarter and Full Year 2024 Results
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-anchor...

Phillips Edison & Company Announces Tax Reporting Information for 2024 Distributions
CINCINNATI, Jan. 17, 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-anchor...

Phillips Edison & Company Announces Maturity Extension and Upsize of $1.0 Billion Unsecured Revolving Credit Facility
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-anchor...

Phillips Edison & Company Inc. Invites You to Join Its Fourth Quarter and Full Year 2024 Earnings Conference Call
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-anchor...

Phillips Edison & Company Provides Update on Fourth Quarter 2024 Transaction Activity; Completes Over $300 Million in Net Acquisitions in 2024
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-anchor...

Phillips Edison & Company Reveals Retail Trends in Commercial Real Estate for 2025
CINCINNATI, Dec. 10, 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, grocery-anchor...

Phillips Edison & Co: Defensive Shopping Center REIT
PECO has delivered over 21% total returns since November 2023, with a current forward yield of 3.12% and a P/FFO multiple of 16.31x. Looking at PECO stock, I question the relative valuation compared t...

Phillips Edison & Company to Host Virtual Business Update
CINCINNATI, Nov. 04, 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, grocery-anchor...

Phillips Edison & Company Declares Monthly Dividend Distribution
CINCINNATI , Oct. 30, 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, grocery-ancho...

Phillips Edison & Company, Inc. (PECO) Q3 2024 Earnings Call Transcript
Phillips Edison & Company, Inc. (NASDAQ:PECO) Q3 2024 Earnings Conference Call October 25, 2024 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President Jo...

Phillips Edison & Company Reports Third Quarter 2024 Results and Updates Full Year Earnings Guidance
CINCINNATI, Oct. 24, 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 grocery-anchore...

The State Of REITs: October 2024 Edition
REITs achieved their 5th straight month in the black with a +3.09% average total return in September and +9.61% year to date. Mid-cap (+5.01%), large cap (+3.41%) and small cap REITs (+2.59%) averaged...

Phillips Edison & Company Inc. Invites You to Join Its Third Quarter 2024 Earnings Conference Call
CINCINNATI, Sept. 24, 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, grocery-ancho...

Phillips Edison: A High-Quality REIT At A High Valuation
PECO has a well-diversified retail portfolio consisting of primarily grocery-anchored assets. The majority of its tenants operate at a nation/region-wide scale. Though the favorable market dynamics ha...

Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors on September 18
CINCINNATI, Sept. 12, 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, grocery-ancho...

Phillips Edison & Company Announces Pricing of Offering of $350 Million Aggregate Principal Amount of 4.950% Senior Unsecured Notes Due 2035
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, grocery-ancho...

Shopping Center REITs Are Hot: Pick A Winner
The current environment is favorable for REITs, with normalized prices, falling Treasury yields, and expected prime rate cuts. Shopping Center REITs offer above-average yields (3.88%) and superior gro...

Phillips Edison & Company Upgraded by Moody's to ‘Baa2' with Stable Outlook
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, grocery-ancho...

Phillips Edison & Company Increases Monthly Dividend Distribution by 5.1% to $0.1025 Per Common Share
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, grocery-ancho...

Phillips Edison & Company to Present at BofA Securities 2024 Global Real Estate Conference
CINCINNATI, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood s...