Phillips Edison & Co. (PECO) 10-Q Report Highlights Grocery-Anchored Shopping Centers

By Ahmed Jameison • Saturday, July 26 10:15 • Permanent Link

Phillips Edison & Company, Inc. ("PECO") has recently released its 10-Q report. PECO is one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers. As of March 31, 2025, PECO managed 321 shopping centers, including 298 wholly-owned centers comprising 33.5 million square feet across 31 states and 23 shopping centers owned in three institutional joint ventures. PECO's centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO's top grocery anchors include Kroger, Publix, Albertsons, and Ahold Delhaize. The company is focused on creating great omni-channel, grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time.

In its 10-Q report, Phillips Edison & Company, Inc. provided a comprehensive discussion and analysis of its financial condition and results of operations. The report should be read in conjunction with the accompanying consolidated financial statements and notes thereto, as well as the 2024 Annual Report on Form 10-K filed with the SEC on February 11, 2025. The report also includes a cautionary note regarding forward-looking statements, highlighting certain uncertainties that could significantly affect the company's financial results. Additionally, the report presents key performance indicators and defined terms used by the company to measure the performance of its operations. These include portfolio metrics, leasing metrics, and financial performance metrics such as ABR Per Square Foot, Leased Occupancy, Comparable rent spread, and Net Debt to Adjusted EBITDAre, among others. Following these announcements, the company's shares moved -0.57%, and are now trading at a price of $34.56. If you want to know more, read the company's complete 10-Q report here.

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