Phillips Edison & Company, Inc. (PECO)

NASDAQ: PECO · Real-Time Price · USD
35.25
-0.13 (-0.37%)
Feb 21, 2025, 4:00 PM EST - Market closed
-0.37%
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]

Industry REIT - Retail
Sector Real Estate
IPO Date Jul 15, 2021
Employees 300
Stock Exchange NASDAQ
Ticker Symbol PECO
Full Company Profile

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 Statements

Analyst 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.

Price Target
$38.33
(8.74% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

8 days ago - GlobeNewsWire

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...

9 days ago - GlobeNewsWire

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...

11 days ago - Seeking Alpha

REITs Lead On Earnings Uplift

US equity markets posted a mixed performance this week, while benchmark interest rates rebounded from two-month lows, as investors saw grounds for Fed hawkishness across a critical slate of employment...

Other symbols: AVBBDNCDPCPTCUZDEADOC
13 days ago - Seeking Alpha

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...

14 days ago - Seeking Alpha

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...

15 days ago - GlobeNewsWire

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...

5 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

3 months ago - Seeking Alpha

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...

3 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

4 months ago - Seeking Alpha

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...

4 months ago - GlobeNewsWire

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...

4 months ago - Seeking Alpha

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...

5 months ago - GlobeNewsWire

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...

5 months ago - Seeking Alpha

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...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

Other symbols: AKRALEXBFSBRXCTOFRTIVT
5 months ago - Seeking Alpha

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...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire