Mission Statement, Vision, & Core Values (2024) of Phillips Edison & Company, Inc. (PECO)

Mission Statement, Vision, & Core Values (2024) of Phillips Edison & Company, Inc. (PECO)

US | Real Estate | REIT - Retail | NASDAQ

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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 Overview

Phillips Edison & Company, Inc. (PECO) maintains a focused vision centered on grocery-anchored retail real estate investment and management.

Key Vision Components

Market 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

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