Headquartered in Cincinnati, OH Fiscal year ends December NASDAQ: PECO phillipsedison.com
Phillips Edison & Company, Inc. (Nasdaq: PECO) is one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers. Founded in 1991, PECO operates a vertically-integrated platform spanning acquisitions, leasing, asset management, and property management. As of September 30, 2026, PECO managed 328 shopping centers, including 300 wholly-owned centers comprising approximately 33.9 million square feet across 31 states, and 28 shopping centers owned through three institutional joint ventures (GRP I, NRV, and NGCF). The company's centers feature a mix of national and regional retailers providing necessity-based goods and services, with 74.3% of annualized base rent derived from necessity-based retail and services. Top grocery anchors include Publix (5.1% of ABR, 53 wholly-owned locations), Kroger (4.7%, 54 locations), Albertsons (3.2%, 27 locations), and Ahold Delhaize (3.0%, 22 locations). The portfolio is geographically diversified with the largest exposures in Florida (12.8% of ABR), California (10.9%), Texas (10.5%), and Georgia (8.3%). PECO's strategy focuses on acquiring, owning, and operating well-located shopping centers anchored by grocery tenants that generate consistent foot traffic, while actively recycling capital by selling stabilized assets and reinvesting in higher-growth-potential properties. The company also pursues value-add redevelopment and ground-up outparcel development projects. Updated
Phillips Edison & Company leads today's dividend payers, sending about $14.8 million to shareholders at 11.5 cents a share on November 3. City Holding is close behind with roughly $14.1 million, and a full $1 per share landing October 30.
Treasury bills lock in your rate the moment you buy, which sounds like a feature until you realize a dividend can do something a bill never will. Six income stocks reveal exactly…
Whenever we speak of the Nasdaq Composite Index, the first thing that comes to mind is the large valuations, big tech companies, and stable cash flow. This also means steady passive income,…
Most investors are in a quandary today, as they wonder whether or not to take profits on their tech gains and rotate into monthly dividend stocks. And looking at the market, it…
Dividend stocks offer a reliable way to generate monthly income without the hassles of finding a side gig, buying and managing a rental property, or any other things you learn about while…
Dividend stocks are gaining popularity again due to the recent wave of bearishness in the stock market. Both retail and institutional investors chased AI and growth stocks in the past two years,…
Phillips Edison & Company, Inc. (Nasdaq: PECO) is one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers. Founded in 1991, PECO operates a vertically-integrated platform spanning acquisitions, leasing, asset management, and property management.
The Wall Street consensus 12-month price target for PECO is $43.00.
