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.
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)
ARS
2024 FY
Annual report to shareholders
21 Mar 24
DEFA14A
Additional proxy soliciting materials
21 Mar 24
DEF 14A
Definitive proxy
21 Mar 24
8-K
Phillips Edison & Company Declares Monthly Dividend Distributions
21 Feb 24
8-K
Other Events
12 Feb 24
424B5
Prospectus supplement for primary offering
12 Feb 24
10-K
2023 FY
Annual report
12 Feb 24
8-K
Phillips Edison & Company Reports Fourth Quarter
8 Feb 24
8-K
Phillips Edison & Company Announces Execution of Interest Rate Swap
16 Jan 24
8-K
Regulation FD Disclosure
14 Dec 23
Transcripts
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
PECO
Earnings call transcript
2021 Q3
5 Nov 21
Latest ownership filings
4
Jeffrey Edison
5 Mar 24
4
Robert F. Myers
5 Mar 24
4
Tanya Brady
5 Mar 24
4
John P Caulfield
5 Mar 24
4
Devin Ignatius Murphy
5 Mar 24
4
Jennifer L Robison
5 Mar 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
MASSACHUSETTS FINANCIAL SERVICES CO /MA/
9 Feb 24
SC 13G/A
WELLINGTON MANAGEMENT GROUP LLP
8 Feb 24
SC 13G
STATE STREET CORP
29 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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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) | 8.24 mm | 8.24 mm | 8.24 mm | 8.24 mm | 8.24 mm | 8.24 mm |
Cash burn (monthly) | 559.00 k | 1.35 mm | 6.02 mm | 6.98 mm | (no burn) | (no burn) |
Cash used (since last report) | 3.81 mm | 9.21 mm | 41.07 mm | 47.59 mm | n/a | n/a |
Cash remaining | 4.43 mm | -974.36 k | -32.83 mm | -39.35 mm | n/a | n/a |
Runway (months of cash) | 7.9 | -0.7 | -5.5 | -5.6 | n/a | n/a |
Institutional ownership, Q3 2023
80.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 350 |
Opened positions | 33 |
Closed positions | 32 |
Increased positions | 101 |
Reduced positions | 136 |
13F shares | Current |
---|---|
Total value | 3.26 tn |
Total shares | 98.79 mm |
Total puts | 36.40 k |
Total calls | 110.20 k |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 20.88 mm | $700.30 bn |
Vanguard | 18.49 mm | $620.25 bn |
Wellington Management | 8.17 mm | $273.99 bn |
STT State Street | 6.60 mm | $221.88 bn |
Massachusetts Financial Services | 5.21 mm | $174.66 bn |
FMR | 4.87 mm | $163.48 bn |
Geode Capital Management | 2.74 mm | $91.80 bn |
Charles Schwab Investment Management | 1.73 mm | $57.94 bn |
MCQEF Macquarie | 1.61 mm | $54.02 bn |
NTRS Northern Trust | 1.38 mm | $46.16 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 24 | Edison Jeffrey | Class C Units Common Stock | Grant | Acquire A | No | No | 0 | 3,951.954 | 0.00 | 3,951.954 |
1 Mar 24 | Edison Jeffrey | Class C Units Common Stock | Grant | Acquire A | No | No | 0 | 26,811 | 0.00 | 26,811 |
1 Mar 24 | Edison Jeffrey | OP Units Common Stock | Grant | Acquire A | No | No | 0 | 26,810 | 0.00 | 3,355,937.331 |
1 Mar 24 | Edison Jeffrey | OP Units Common Stock | Option exercise | Acquire M | No | No | 0 | 18,137 | 0.00 | 3,329,127.331 |
1 Mar 24 | Edison Jeffrey | Class B Units Common Stock | Option exercise | Dispose M | No | No | 0 | 9,002 | 0.00 | 27,009 |
1 Mar 24 | Edison Jeffrey | Class B Units Common Stock | Option exercise | Dispose M | No | No | 0 | 9,135 | 0.00 | 18,270 |
1 Mar 24 | Edison Jeffrey | Class B Units Common Stock | Grant | Acquire A | No | No | 0 | 43,127 | 0.00 | 43,127 |
1 Mar 24 | Myers Robert F. | Class C Units Common Stock | Grant | Acquire A | No | No | 0 | 1,217.762 | 0.00 | 1,217.762 |
1 Mar 24 | Myers Robert F. | Class C Units Common Stock | Grant | Acquire A | No | No | 0 | 8,250 | 0.00 | 8,250 |
1 Mar 24 | Myers Robert F. | OP Units Common Stock | Grant | Acquire A | No | No | 0 | 8,250 | 0.00 | 203,748.161 |
News
Press releases
Phillips Edison & Company Inc. Invites You to Join Its First Quarter 2024 Earnings Conference Call
27 Mar 24
Moody's Upgrades Phillips Edison & Company's Rating Outlook to 'Positive' from 'Stable'
11 Mar 24
Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors on February 29
21 Feb 24
Phillips Edison & Company Reports Fourth Quarter and Full Year 2023 Results; Increases 2024 Guidance
8 Feb 24