since 1991, phillips edison & company has focused on the grocery-anchored shopping center sector. the company has a fully integrated in-house operating platform built on market leading expertise designed to optimize property value and consistently deliver a great shopping experience. led by a veteran management team, phillips edison’s operating platform provides retail services including acquisition, redevelopment, leasing and management of grocery-anchored retail centers. the company’s portfolio currently includes a national footprint of retail properties. the company has corporate offices in cincinnati, salt lake city, new york city and atlanta.
![Phillips Edison & Company Inc - Ordinary Shares logo](https://files.capedge.com/10-K/0001476204-23-000028/cik0001476204-20221231_g1.jpg)
Company profile
Ticker
PECO
Exchange
Website
CEO
Jeffrey Edison
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Phillips Edison - ARC Shopping Center REIT Inc., PHILLIPS EDISON GROCERY CENTER REIT I, INC.
SEC CIK
Corporate docs
Subsidiaries
12 West Station LLC • 51st & Olive Station LLC • 7400 Rivers Avenue LLC • Aegis Waterford, L.L.C. • Alameda Crossing Station II LLC • Alameda Crossing Station III LLC • Alameda Crossing Station LLC • Albertville Station LLC • Alico Station LLC • Amherst Station II LLC ...
IRS number
271106076
PECO stock data
Latest filings (excl ownership)
10-Q
2024 Q2
Quarterly report
26 Jul 24
8-K
Phillips Edison & Company Reports Second Quarter 2024 Results and Reaffirms Full Year Earnings Guidance
25 Jul 24
8-K
Phillips Edison & Company Announces Appointment of Devin Murphy to Board of Directors
1 Jul 24
8-K
Entry into a Material Definitive Agreement
13 May 24
424B5
Prospectus supplement for primary offering
9 May 24
FWP
Free writing prospectus
8 May 24
424B5
Prospectus supplement for primary offering
8 May 24
8-K
Phillips Edison & Company Declares Monthly Dividend Distributions; Announces Results of Annual Meeting of Stockholders
30 Apr 24
10-Q
2024 Q1
Quarterly report
26 Apr 24
8-K
Phillips Edison & Company Reports First Quarter 2024 Results and Affirms Full Year Earnings Guidance
25 Apr 24
Transcripts
PECO
Earnings call transcript
2024 Q1
26 Apr 24
PECO
Earnings call transcript
2023 Q4
9 Feb 24
PECO
Earnings call transcript
2023 Q3
1 Nov 23
PECO
Earnings call transcript
2023 Q2
2 Aug 23
PECO
Earnings call transcript
2023 Q1
3 May 23
PECO
Earnings call transcript
2022 Q4
10 Feb 23
PECO
Earnings call transcript
2022 Q3
4 Nov 22
PECO
Earnings call transcript
2022 Q2
6 Aug 22
PECO
Earnings call transcript
2022 Q1
6 May 22
PECO
Earnings call transcript
2021 Q4
11 Feb 22
Latest ownership filings
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 10.95 mm | 10.95 mm | 10.95 mm | 10.95 mm | 10.95 mm | 10.95 mm |
Cash burn (monthly) | (no burn) | (no burn) | 6.12 mm | 6.07 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 5.51 mm | 5.47 mm | n/a | n/a |
Cash remaining | n/a | n/a | 5.43 mm | 5.48 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | 0.9 | 0.9 | n/a | n/a |
Institutional ownership, Q1 2024
79.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 346 |
Opened positions | 94 |
Closed positions | 48 |
Increased positions | 88 |
Reduced positions | 95 |
13F shares | Current |
---|---|
Total value | 3.33 tn |
Total shares | 97.04 mm |
Total puts | 1.10 k |
Total calls | 93.80 k |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 21.58 mm | $774.17 bn |
Vanguard | 19.34 mm | $693.62 bn |
Wellington Management | 7.56 mm | $271.05 bn |
STT State Street | 7.11 mm | $255.63 bn |
FMR | 3.14 mm | $112.71 bn |
Massachusetts Financial Services | 3.06 mm | $109.83 bn |
Geode Capital Management | 3.02 mm | $108.26 bn |
MCQEF Macquarie | 1.58 mm | $56.66 bn |
NTRS Northern Trust | 1.44 mm | $51.71 bn |
Integrated Core Strategies | 1.26 mm | $41.61 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Jul 24 | Robison Jennifer L | Common Stock | Payment of exercise | Dispose F | No | No | 33.81 | 826 | 27.93 k | 27,951 |
15 Jul 24 | Myers Robert F. | OP Units Common Stock | Option exercise | Acquire M | No | No | 0 | 26,695 | 0.00 | 230,443.161 |
15 Jul 24 | Myers Robert F. | Class B Units Common Stock | Option exercise | Dispose M | No | No | 0 | 26,695 | 0.00 | 0 |
15 Jul 24 | Caulfield John P | OP Units Common Stock | Option exercise | Acquire M | No | No | 0 | 16,949 | 0.00 | 45,225 |
15 Jul 24 | Caulfield John P | Class B Units Common Stock | Option exercise | Dispose M | No | No | 0 | 16,949 | 0.00 | 0 |
15 Jul 24 | Brady Tanya | OP Units Common Stock | Option exercise | Acquire M | No | No | 0 | 16,949 | 0.00 | 40,221 |
15 Jul 24 | Brady Tanya | Class B Units Common Stock | Option exercise | Dispose M | No | No | 0 | 16,949 | 0.00 | 0 |
15 Jul 24 | Edison Jeffrey | OP Units Common Stock | Option exercise | Acquire M | No | No | 0 | 49,577 | 0.00 | 1,277,014.331 |
15 Jul 24 | Edison Jeffrey | Class B Units Common Stock | Option exercise | Dispose M | No | No | 0 | 49,577 | 0.00 | 0 |
News
Phillips Edison Q2 EPS $0.12 Misses $0.13 Estimate, Sales $161.51M Miss $162.02M Estimate
25 Jul 24
Phillips Edison & Company Acquires Grocery-Anchored Shopping Center In Partnership With Cohen & Steers Income Opportunities REIT; The Acquisition Was Made Through A Programmatic Joint Venture Targeting $300M In Equity And Owned 80% By CNSREIT And 20% By PECO
25 Jul 24
What Analysts Are Saying About Phillips Edison Stock
29 May 24
Deutsche Bank Maintains Buy on Phillips Edison, Lowers Price Target to $38
29 May 24
Wells Fargo Maintains Underweight on Phillips Edison, Lowers Price Target to $34
28 May 24
Press releases
Phillips Edison & Company Reports Second Quarter 2024 Results and Reaffirms Full Year Earnings Guidance
25 Jul 24
Phillips Edison & Company Wins Top AI Award at Realcomm Conference
15 Jul 24
Phillips Edison & Company Inc. Invites You to Join Its Second Quarter 2024 Earnings Conference Call
17 Jun 24
Phillips Edison & Company to Present at Nareit REITweek 2024 Investor Conference
29 May 24
Phillips Edison & Company Announces Pricing of Offering of $350 Million Aggregate Principal Amount of 5.750% Senior Unsecured Notes Due 2034
8 May 24