Phillips EdisonNASDAQ: PECO

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 neighborhood shopping centers, today announced that on June 25, 2024, its Board of Directors (the “Board”) increased the size of the Board from nine to 10 members and appointed Devin Murphy to the Board, effective July 2, 2024.

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 centers, will announce its Second Quarter 2024 earnings results on Thursday, July 25, 2024, after the market closes. PECO's earnings release and supplemental information package will be posted on the Investor Relations section of the Company's website at https://investors.phillipsedison.com/. Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcasted, on Friday, July 26, 2024, at 12:00 p.m. ET.

Phillips Edison is seen as slightly overvalued compared to other shopping center REITs. While PECO has strong fundamentals and consistent growth, its properties are not as impressive and it is in a more mature stage of growth. The high occupancy rate of PECO may restrict its future growth potential compared to other shopping center REITs with lower occupancy rates.

The key metrics for Phillips Edison & Company (PECO) in the quarter ending March 2024 provide a glimpse into the company's performance, but it could be beneficial to compare them to Wall Street expectations and last year's results.

Phillips Edison & Company is a grocery-anchored shopping center that provides a monthly dividend payout. PECO's defensive characteristics include its strong portfolio metrics, resilient demand drivers, and well-covered monthly distribution. Along with better-than-expected quarterly results, the Company recently increased its full-year outlook for fiscal 2024.

Although the revenue and EPS for Phillips Edison & Company, Inc. (PECO) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

CINCINNATI, Jan. 08, 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, will announce its Fourth Quarter and Full Year 2023 earnings results on Thursday, February 8, 2024, after the market closes. PECO's earnings release and supplemental information package will be posted on the Investor Relations section of the Company's website at https://investors.phillipsedison.com/. Chairman and Chief Executive Officer Jeff Edison, President Bob Myers, Managing Director Devin Murphy and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcast, on Friday, February 9, 2024, at 12:00 p.m. ET.

Phillips Edison & Company's defensive nature and bargaining power make it a good investment in the current retail climate. PECO's financials show steady growth, with a same-store net operating income rise of 3.2% and a record portfolio lease rate of 97.8%. The company's strong tenant retention and high pricing power indicate continued growth and favorable performance in the future.

Although the revenue and EPS for Phillips Edison & Company, Inc. (PECO) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.