Associated tags: PECO, REIT, Northwestern Mutual, History, Phillips Edison & Company, Retail
Locations: UNITED STATES, TEXAS, ROWLETT, MAPLEVIEW, CHICAGO, MINNESOTA, CALIFORNIA, CINCINNATI, OH, US, USA, NEW YORK, AMERICAS, LAKE MARY, KIRKWOOD
CINCINNATI, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, today announced that its Board of Directors (the “Board”) approved a 4.5% increase to the monthly dividend distributions payable October 2, 2023 and November 1, 2023 to common stockholders of record as of September 15, 2023 and October 16, 2023, respectively.
Key Points:
- CINCINNATI, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, today announced that its Board of Directors (the “Board”) approved a 4.5% increase to the monthly dividend distributions payable October 2, 2023 and November 1, 2023 to common stockholders of record as of September 15, 2023 and October 16, 2023, respectively.
- The Board approved the distribution at a rate of $0.0975 per share of the Company’s common stock.
- When annualized, this is equal to a rate of $1.17 per share, representing an increase of 4.5% over the previous annualized rate of $1.12 per share.
- Operating partnership unit holders receive distributions at the same rate as common stockholders, subject to the required tax withholding.
Mergers and acquisitions,
Thumb,
Omnichannel,
Supercuts,
Senior,
OneMain Financial,
Phillips Edison & Company,
H&R Block,
Tom Thumb,
Bank of America,
Acquisition,
Restaurant,
Sun Belt,
Lakeview Parkway (Utah County, Utah),
PECO,
Bank,
Lake Point Tower,
IRR,
Geography,
Retail CINNCINATI, Aug. 30, 2023 (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-anchored shopping centers, today announced that it has acquired Lake Pointe Market, a 96.7%-occupied, 40,600-square-foot grocery-anchored neighborhood shopping center located in Rowlett, Texas.
Key Points:
- CINNCINATI, Aug. 30, 2023 (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-anchored shopping centers, today announced that it has acquired Lake Pointe Market, a 96.7%-occupied, 40,600-square-foot grocery-anchored neighborhood shopping center located in Rowlett, Texas.
- The center is shadow anchored by a Tom Thumb, the #1 grocer by sales in its three-mile trade area and one of the state’s top-ranking grocers.
- The acquisition marks PECO’s 12th shopping center in the greater Dallas/Fort Worth Metroplex.
- Optimally located at the high-traffic intersection of Dalrock Road and Lakeview Parkway, Lake Pointe Market benefits from more than two million annual visits.
CINCINNATI, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, today announced that Jeff Edison, Chairman and Chief Executive Officer, is scheduled to present at the BofA Securities 2023 Global Real Estate Conference on Wednesday, September 13, 2023 at 12:40 p.m. Eastern Time.
Key Points:
- CINCINNATI, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, today announced that Jeff Edison, Chairman and Chief Executive Officer, is scheduled to present at the BofA Securities 2023 Global Real Estate Conference on Wednesday, September 13, 2023 at 12:40 p.m. Eastern Time.
- Speakers: Jeff Edison, Chairman and Chief Executive Officer; Devin Murphy, President; John Caulfield, Chief Financial Officer
CINCINNATI, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation’s largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, today announced that its Board of Directors declared a monthly dividend distribution of $0.0933 per share payable on September 1, 2023 to stockholders of record as of August 18, 2023.
Key Points:
- CINCINNATI, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation’s largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, today announced that its Board of Directors declared a monthly dividend distribution of $0.0933 per share payable on September 1, 2023 to stockholders of record as of August 18, 2023.
- Operating partnership unit holders receive distributions at the same rate as common stockholders, subject to the required tax withholding.
Partnership,
Comparable,
Core,
OP,
Phillips Edison & Company,
SOFR,
Securities and Exchange Commission of Pakistan,
NOI,
Growth,
PECO,
Bank statement,
Clothing,
Commercial property,
Cryptocurrency,
Security (finance),
Video game,
Self storage,
Lease CINCINNATI, Aug. 01, 2023 (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 neighborhood shopping centers, today reported financial and operating results for the period ended June 30, 2023 and provided updated 2023 earnings guidance.
Key Points:
- CINCINNATI, Aug. 01, 2023 (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 neighborhood shopping centers, today reported financial and operating results for the period ended June 30, 2023 and provided updated 2023 earnings guidance.
- Second quarter 2023 core funds from operations attributable to stockholders and OP unit holders (“Core FFO”) increased 8.2% to $77.7 million, or $0.59 per diluted share, compared to $71.8 million, or $0.56 per diluted share, during the second quarter of 2022.
- Second quarter 2023 same-center net operating income (“NOI”) increased 5.3% to $99.0 million, compared to $94.0 million during the second quarter of 2022.
- During the second quarter of 2023, 285 leases (new, renewal and options) were executed totaling 1.6 million square feet.
Product management,
Bread Financial,
Data,
Senior,
Stanford University,
OnDeck Capital,
Phillips Edison & Company,
Female,
Sale,
Judgement,
Bachelor of Arts in Organizational Psychology,
Business administration,
Barnes & Noble,
Harvard Business School,
Distinction,
PECO,
Master of Business Administration,
Management CINCINNATI, June 29, 2023 (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 neighborhood shopping centers, today announced that its Board of Directors (the “Board”) has appointed Parilee Edison Wang to serve as a director, effective immediately.
Key Points:
- CINCINNATI, June 29, 2023 (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 neighborhood shopping centers, today announced that its Board of Directors (the “Board”) has appointed Parilee Edison Wang to serve as a director, effective immediately.
- Ms. Wang has a diverse background and brings more than 15 years of data-driven business development experience.
- From March 2022 to February 2023, Ms. Wang served as the Head of Product of Alloy.
- Ms. Wang will be a non-independent member of the Board and is not expected to be appointed to any committee of the Board.
CINCINNATI, June 20, 2023 (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 2023 earnings results on Tuesday, August 1, 2023, after the market closes.
Key Points:
- CINCINNATI, June 20, 2023 (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 2023 earnings results on Tuesday, August 1, 2023, 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 Devin Murphy, and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcast, on Wednesday, August 2, 2023, at 12:00 p.m.
- Second Quarter 2023 Earnings Conference Call Details:
A webcast replay will be available approximately one hour after the conclusion of the presentation using the same link.
CINCINNATI, May 30, 2023 (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 neighborhood shopping centers, today announced that Jeff Edison, Chairman and Chief Executive Officer will present at Nareit REITweek on Tuesday, June 6, 2023 at 9:30 a.m. Eastern Time.
Key Points:
- CINCINNATI, May 30, 2023 (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 neighborhood shopping centers, today announced that Jeff Edison, Chairman and Chief Executive Officer will present at Nareit REITweek on Tuesday, June 6, 2023 at 9:30 a.m. Eastern Time.
Food,
Beverage,
Fashion,
Home Goods,
Retail,
Convenience Store,
REIT,
Online Retail,
Luxury,
Discount,
Variety,
Other Construction & Property,
Department Stores,
Commercial Building & Real Estate,
Construction & Property,
Office Products,
Restaurant,
Bar,
Other Retail,
Supermarket,
Specialty,
Cloud,
TJ Maxx,
Partnership,
Bed Bath & Beyond,
Marshalls,
Crave,
Starbucks,
Phillips Edison & Company,
Digging,
Bed,
Sweetgreen,
Intelligence,
Careless Talk Costs Lives (magazine),
Pet Supplies Plus,
Five Below,
Beauty,
Google Cloud,
Beer,
National accounts,
City,
PECO,
Health,
Grocery store,
Chipotle,
Daiso Phillips Edison & Company (NASDAQ: PECO), one of the nation’s largest owners and operators of grocery-anchored neighborhood shopping centers, today commented on the top shopping center trends of 2023 as part of ICSC Las Vegas.
Key Points:
- Phillips Edison & Company (NASDAQ: PECO), one of the nation’s largest owners and operators of grocery-anchored neighborhood shopping centers, today commented on the top shopping center trends of 2023 as part of ICSC Las Vegas.
- Consumer demand for necessity-based goods and services continues to be strong, and so does retailers’ demand for space in grocery-anchored neighborhood shopping centers as they continue to expand.
- Most notably, West Side Children’s Therapy has been highly active, opening more than two dozen locations across the Chicagoland area – including multiple in PECO shopping centers.
- For more insight from the Emerging Trends team, visit Phillips Edison’s booth #4131Q this week at ICSC Las Vegas and connect with the Company on Instagram , Twitter and LinkedIn .
Operating partnership unit holders receive distributions at the same rate as common stockholders, subject to the required tax withholding.
Key Points:
- Operating partnership unit holders receive distributions at the same rate as common stockholders, subject to the required tax withholding.
- Earlier in the day, PECO held its annual meeting of stockholders in a virtual-only format.
- At the annual meeting, PECO’s stockholders re-elected all of PECO’s director nominees: Jeffrey S. Edison; Leslie T. Chao; John A.
- Strong; Jane E. Silfen; Gregory S. Wood; Stephen R. Quazzo; and Elizabeth O. Fischer, to its Board of Directors for one-year terms.
