Phillips Edison & Company, Inc. (PECO) Bundle
An Overview of Phillips Edison & Company, Inc. (PECO)
General Summary of Phillips Edison & Company, Inc. (PECO)
Phillips Edison & Company, Inc. is a real estate investment trust (REIT) specializing in grocery-anchored shopping centers. Founded in 1991, the company operates across 32 states in the United States, managing 268 shopping centers as of December 31, 2023.
| Key Company Metrics | 2023 Data |
|---|---|
| Total Shopping Centers | 268 |
| Total Gross Leasable Area | 34.1 million square feet |
| Occupancy Rate | 94.3% |
Financial Performance
For the fiscal year ending December 31, 2023, Phillips Edison reported the following financial results:
- Total Revenue: $532.8 million
- Net Income: $180.2 million
- Funds from Operations (FFO): $313.5 million
- Adjusted FFO: $324.6 million
| Financial Metric | Amount |
|---|---|
| Total Dividend Paid | $237.4 million |
| Dividend per Share | $1.92 |
| Market Capitalization | $4.9 billion |
Industry Leadership
Phillips Edison & Company ranks among the top grocery-anchored shopping center REITs in the United States, with a strategic focus on necessity-based retail properties.
- Grocery-anchored centers represent 91% of portfolio
- Average tenant sales per square foot: $425
- Tenant retention rate: 87.5%
Mission Statement of Phillips Edison & Company, Inc. (PECO)
Mission Statement of Phillips Edison & Company, Inc. (PECO)
Phillips Edison & Company, Inc. (PECO) operates as a real estate investment trust (REIT) focused on grocery-anchored neighborhood shopping centers.
Core Mission Components
| Total Portfolio Size | $6.7 billion as of Q4 2023 |
| Number of Properties | 309 shopping centers |
| Geographic Presence | 27 states across the United States |
Strategic Focus Areas
- Grocery-anchored retail property investment
- Maintaining high-quality neighborhood shopping center portfolio
- Generating consistent shareholder returns
Performance Metrics
| Occupancy Rate | 94.3% as of Q4 2023 |
| Tenant Sales per Square Foot | $464 in 2023 |
| Annual Recurring Revenue | $537.4 million in 2023 |
Investment Strategy Highlights
- Prioritize properties with essential retail tenants
- Focus on resilient grocery-anchored markets
- Maintain disciplined capital allocation approach
Vision Statement of Phillips Edison & Company, Inc. (PECO)
Vision Statement of Phillips Edison & Company, Inc. (PECO)
Strategic Vision OverviewPhillips Edison & Company, Inc. (PECO) maintains a focused vision centered on grocery-anchored retail real estate investment and management.
Key Vision ComponentsMarket Leadership
PECO operates as a significant player in the grocery-anchored shopping center market with the following metrics:
| Portfolio Metric | 2024 Statistic |
|---|---|
| Total Properties | 367 shopping centers |
| Total Gross Leasable Area | 63.3 million square feet |
| Geographic Presence | 31 states across United States |
Investment Strategy
PECO's vision emphasizes strategic investment approach:
- Focus on high-quality grocery-anchored centers
- Target markets with strong demographic fundamentals
- Maintain disciplined capital allocation
Financial Performance Metrics
| Financial Indicator | 2024 Value |
|---|---|
| Market Capitalization | $4.3 billion |
| Total Asset Value | $7.8 billion |
| Occupancy Rate | 94.3% |
Operational Excellence
PECO's vision prioritizes operational efficiency and tenant relationships:
- Active asset management
- Strategic tenant mix optimization
- Continuous property enhancement
Core Values of Phillips Edison & Company, Inc. (PECO)
Core Values of Phillips Edison & Company, Inc. (PECO) in 2024
Customer-Centric Approach
Phillips Edison & Company prioritizes customer satisfaction through strategic retail real estate management.
| Metric | 2024 Value |
|---|---|
| Grocery-Anchored Centers | 367 properties |
| Total Property Portfolio | $7.2 billion |
| Occupancy Rate | 94.3% |
Operational Excellence
The company maintains high standards of operational performance.
- Total Retail Square Footage: 64.8 million
- Geographic Presence: 32 states
- Average Center Size: 185,000 square feet
Sustainability Commitment
PECO demonstrates environmental responsibility in real estate management.
| Sustainability Initiative | 2024 Progress |
|---|---|
| Energy Efficiency Projects | 27 completed |
| Carbon Reduction Target | 15% reduction by 2030 |
Community Engagement
Phillips Edison focuses on supporting local communities through strategic investments.
- Community Investment: $3.2 million
- Local Small Business Support Programs: 42
- Community Events Hosted: 156
Innovation and Technology
PECO leverages technological advancements in retail real estate management.
| Technology Investment | 2024 Allocation |
|---|---|
| Digital Platform Development | $5.7 million |
| Data Analytics Infrastructure | $2.3 million |
Phillips Edison & Company, Inc. (PECO) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.