Phillips Edison & Company, Inc. (PECO)
Market Cap | 5.30B |
Revenue (ttm) | 642.79M |
Net Income (ttm) | 58.08M |
Shares Out | 136.25M |
EPS (ttm) | 0.48 |
PE Ratio | 81.84 |
Forward PE | 68.32 |
Dividend | $1.23 (3.16%) |
Ex-Dividend Date | Feb 18, 2025 |
Volume | 409,201 |
Open | 39.02 |
Previous Close | 39.25 |
Day's Range | 38.85 - 39.09 |
52-Week Range | 30.62 - 39.83 |
Beta | 0.33 |
Analysts | Buy |
Price Target | 37.50 (-3.65%) |
Earnings Date | Oct 24, 2024 |
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 2023, Phillips Edison & Company's revenue was $610.12 million, an increase of 6.04% compared to the previous year's $575.37 million. Earnings were $56.85 million, an increase of 17.64%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for PECO stock is "Buy." The 12-month stock price forecast is $37.5, which is a decrease of -3.65% from the latest price.
News
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...
Phillips Edison & Company Upgraded by S&P to ‘BBB' with Stable Outlook
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 neighborhoo...
Phillips Edison Q2 Earnings: Slow And Steady Wins The Race
Grocery anchored retail has emerged as a top-performing asset class over the past three years, benefiting from increased traffic through a return to the grocery store. Phillips Edison & Company is an ...
6 Stocks I'm Buying Amid A Major Market Rotation
American consumers' savings and spending patterns, illustrated through charts, showing a shift towards credit card debt and rising delinquency rates. Market rotation towards the real estate sector, wi...
Phillips Edison & Company, Inc. (PECO) Q2 2024 Earnings Call Transcript
Phillips Edison & Company, Inc. (NASDAQ:PECO) Q2 2024 Earnings Conference Call July 26, 2024 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President John ...
Phillips Edison & Company Reports Second Quarter 2024 Results and Reaffirms Full Year Earnings Guidance
CINCINNATI, July 25, 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 neighborhoo...
Phillips Edison & Company Acquires Grocery-Anchored Shopping Center in Partnership with Cohen & Steers Income Opportunities REIT, Inc.
CINCINNATI, July 25, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...
Phillips Edison & Company Wins Top AI Award at Realcomm Conference
CINCINNATI, July 15, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...
Phillips Edison & Company Announces Appointment of Devin Murphy to Board of Directors
CINCINNATI, July 01, 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 neighborhoo...
Phillips Edison & Company Inc. Invites You to Join Its Second Quarter 2024 Earnings Conference Call
CINCINNATI, June 17, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...
Phillips Edison & Company to Present at Nareit REITweek 2024 Investor Conference
CINCINNATI, May 29, 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...
The Shopping Center Golden Age Has Longevity
Shopping centers have experienced a lack of development in the last 15 years, leading to full occupancy. The feedback mechanisms that usually regulate real estate cycles may not work in shopping cente...