Phillips Edison & Company, Inc. (PECO)

NASDAQ: PECO · IEX Real-Time Price · USD
33.74
-0.60 (-1.75%)
Feb 3, 2023, 4:00 PM EST - Market closed
-1.75%
Market Cap 4.42B
Revenue (ttm) 567.39M
Net Income (ttm) 29.44M
Shares Out 131.15M
EPS (ttm) 0.24
PE Ratio 140.58
Forward PE 24.94
Dividend $1.09 (3.24%)
Ex-Dividend Date Jan 13, 2023
Volume 354,320
Open 33.89
Previous Close 34.34
Day's Range 33.44 - 33.97
52-Week Range 27.07 - 36.31
Beta 0.21
Analysts Buy
Price Target 36.72 (+8.83%)
Earnings Date Feb 9, 2023

About PECO

Phillips Edison & Company, Inc. (“PECO”), an internally-managed REIT, is one of the nation's largest owners and operators of grocery-anchored shopping centers. PECO's diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States. Through its vertically-integrated operating platform, the Company manages a portfolio of 309 properties, including 283 wholly-owned properties comprising appro... [Read more]

Industry REIT - Retail
Sector Real Estate
IPO Date Jul 15, 2021
Employees 290
Stock Exchange NASDAQ
Ticker Symbol PECO
Full Company Profile

Financial Performance

In 2021, PECO's revenue was $532.85 million, an increase of 6.99% compared to the previous year's $498.02 million. Earnings were $15.12 million, an increase of 216.87%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for PECO stock is "Buy." The 12-month stock price forecast is $36.72, which is an increase of 8.83% from the latest price.

Price Target
$36.72
(8.83% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Phillips Edison & Company Announces Tax Reporting Information for 2022 Distributions

CINCINNATI, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...

2 weeks ago - GlobeNewsWire

Phillips Edison & Company Reveals Top Shopping Center Trends to Watch in 2023

CINCINNATI--(BUSINESS WIRE)--Phillips Edison & Company (NASDAQ: PECO), one of the nation's largest owners and operators of grocery-anchored shopping centers, today released its findings on the top s...

2 months ago - Business Wire

Phillips Edison & Company, Inc. Invites You To Join Its Fourth Quarter 2022 Earnings Conference Call

CINCINNATI, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...

2 months ago - GlobeNewsWire

Phillips Edison & Company, Inc. (PECO) Q3 FFO and Revenues Top Estimates

Phillips Edison & Company, Inc. (PECO) delivered FFO and revenue surprises of 9.43% and 2.49%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the ...

3 months ago - Zacks Investment Research

Phillips Edison & Company Reports Third Quarter 2022 Results and Raises Full Year Guidance

CINCINNATI, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channe...

3 months ago - GlobeNewsWire

Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors

CINCINNATI, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...

3 months ago - GlobeNewsWire

Phillips Edison & Company, Inc. Invites You to Join Its Third Quarter 2022 Earnings Conference Call

CINCINNATI, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping cente...

4 months ago - GlobeNewsWire

Phillips Edison & Company to Present at BofA Securities 2022 Global Real Estate Conference

CINCINNATI, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of omni-channel grocery-anchor...

5 months ago - GlobeNewsWire

Phillips Edison & Company Increases Monthly Distribution Rate by 3.7% to $0.0933 Per Share

CINCINNATI, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-chann...

5 months ago - GlobeNewsWire

Phillips Edison & Company, Inc. (PECO) Q2 FFO and Revenues Top Estimates

Phillips Edison & Company, Inc. (PECO) delivered FFO and revenue surprises of 3.70% and 0.64%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock...

6 months ago - Zacks Investment Research

Phillips Edison & Company Reports Second Quarter 2022 Results and Raises Core FFO Guidance

CINCINNATI, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channe...

6 months ago - GlobeNewsWire

Phillips Edison & Company Announces Second Quarter 2022 Earnings Release and Conference Call

CINCINNATI, June 27, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...

7 months ago - GlobeNewsWire

Phillips Edison & Company to Present at Nareit REITweek: 2022 Investor Conference

CINCINNATI, June 03, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channe...

8 months ago - GlobeNewsWire

Phillips Edison Receives Green Lease Leaders Gold Recognition

CINCINNATI--(BUSINESS WIRE)--Phillips Edison & Company (Nasdaq: PECO) is pleased to announce that it has received gold-level recognition as a 2022 Green Lease Leader during the Better Buildings, Bette...

9 months ago - Business Wire

Phillips Edison & Company Reveals Top Shopping Center Trends of 2022

CINCINNATI--(BUSINESS WIRE)--Phillips Edison & Company (NASDAQ: PECO), one of the nation's largest owners and operators of grocery-anchored shopping centers, today released its findings on the top sho...

9 months ago - Business Wire

Phillips Edison & Company Increases Unsecured Revolver to $800 Million

CINCINNATI--(BUSINESS WIRE)--Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channel neighborhood sh...

9 months ago - Business Wire

Phillips Edison & Company Reports First Quarter 2022 Results and Raises Guidance Midpoint

CINCINNATI, May 05, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channel...

9 months ago - GlobeNewsWire

Phillips Edison & Company Announces First Quarter 2022 Earnings Release and Conference Call

CINCINNATI , March 24, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping cent...

11 months ago - GlobeNewsWire

Phillips Edison & Company to Present at the Citi 2022 Global Property CEO Conference

CINCINNATI, March 03, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-chann...

1 year ago - GlobeNewsWire

Phillips Edison & Company Reports Fourth Quarter and Full Year 2021 Results; Provides 2022 Guidance

CINCINNATI, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channe...

1 year ago - GlobeNewsWire

Phillips Edison & Company Issues Tax Reporting Information for 2021 Distributions

CINCINNATI, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channe...

1 year ago - GlobeNewsWire

Phillips Edison & Company to Issue Fourth Quarter 2021 Earnings Release and Host Results Presentation

CINCINNATI, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping center...

1 year ago - GlobeNewsWire

Phillips Edison & Company Provides Transaction Activity Update for 2021

CINCINNATI, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channe...

1 year ago - GlobeNewsWire

Phillips Edison & Company Announces Conversion Date of Class B Common Stock into Nasdaq-Listed Common Stock

CINCINNATI, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channe...

1 year ago - GlobeNewsWire

Phillips Edison Reveals Top Retail Shopping Center Trends to Watch in 2022

CINCINNATI--(BUSINESS WIRE)--Phillips Edison & Company (NASDAQ: PECO), one of the nation's largest owners and operators of grocery-anchored shopping centers, released today its insights on the top sho...

1 year ago - Business Wire