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

Ever wondered what drives Phillips Edison & Company (PECO) towards success in the competitive real estate market? Do you want to know about the guiding principles that shape their culture and strategic decisions?

PECO's mission is to create great omni-channel grocery-anchored shopping experiences and improve our communities, one center at a time. With over 30 years in the industry, PECO's foundation lies in its mission, strong culture, and core values. But what exactly are these core values, and how do they translate into the company's day-to-day operations and long-term vision?

Dive in to explore PECO's mission statement, vision, and core values, and discover how these elements contribute to their position as a leading owner and operator of real estate.

Phillips Edison & Company, Inc. (PECO) An Overview of

Phillips Edison & Company, Inc. (PECO) stands as a prominent Real Estate Investment Trust (REIT) specializing in the acquisition, development, and management of grocery-anchored shopping centers. Established with a vision to create enduring value through strategically located retail properties, PECO has grown into one of the largest owners and operators in its niche. As of April 2025, the company continues to focus on enhancing its portfolio and delivering consistent returns to its investors.

PECO's core business revolves around necessity-based retail, primarily focusing on grocery-anchored centers. These centers are designed to cater to the daily needs of the surrounding communities, offering a mix of essential goods and services. This strategy provides a stable and resilient revenue stream, as grocery stores tend to maintain consistent performance regardless of broader economic fluctuations. PECO's properties are located across the United States, targeting markets with strong demographics and growth potential.

In the fiscal year 2024, PECO reported strong financial results, driven by robust leasing activity and increased occupancy rates within its shopping centers. The company's revenue reached a record high, with significant contributions from its core grocery-anchored portfolio. Same-center net operating income (NOI) also saw considerable growth, reflecting the effectiveness of PECO's property management and tenant optimization strategies. The company's strategic investments in property improvements and expansions have further enhanced its appeal to both tenants and shoppers.

PECO's financial highlights for 2024 include:

• Record-breaking revenue driven by strong leasing activity.
• Significant growth in same-center net operating income (NOI).
• Increased occupancy rates across the portfolio.
• Strategic investments in property improvements and expansions.

As a leader in the grocery-anchored shopping center sector, PECO distinguishes itself through its disciplined investment approach, operational expertise, and commitment to creating value for its stakeholders. The company's focus on necessity-based retail has proven to be a successful strategy, providing a stable foundation for long-term growth. PECO's experienced management team and proactive approach to property management have further solidified its position in the industry.

To delve deeper into PECO's history, mission, and operational strategies, explore: Phillips Edison & Company, Inc. (PECO): History, Ownership, Mission, How It Works & Makes Money

Discover more about why PECO stands out as a leader in the REIT sector and how it continues to thrive in a competitive market.

Phillips Edison & Company, Inc. (PECO) Mission Statement

Phillips Edison & Company, Inc. (PECO), founded in 1991, stands as one of the largest owners and operators of grocery-anchored shopping centers in the United States. PECO's mission is to create great omni-channel grocery-anchored shopping experiences and improve our communities, one center at a time.

PECO's success is rooted in its commitment to its mission of value creation and being a best-in-class operator. The company focuses on maximizing the value of grocery-anchored neighborhood shopping centers. PECO's centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets. Top grocery anchors include Kroger, Publix, Albertsons, and Ahold Delhaize.

As of December 31, 2024, PECO managed 316 shopping centers, including 294 wholly-owned centers comprising 33.3 million square feet across 31 states and 22 shopping centers owned in three institutional joint ventures.

PECO's culture is defined by the acronym PECO: taking PRIDE in people and properties, bringing ENERGY to work, building CONNECTIONS with stakeholders, and seizing OPPORTUNITIES for growth.

PECO is committed to driving long-term value creation for its stakeholders through responsible business practices, economic growth, and risk management. The company's corporate social responsibility efforts focus on the fair and responsible use of natural resources and positive social impact on associates, neighbors, and communities.

PECO's dedication extends to various initiatives, including:

• Environmental Responsibility: Maximizing resource efficiencies and mitigating the impact of risks.
• Community Involvement: Improving communities by supporting local entrepreneurs and providing jobs and opportunities for social connection.
• Diversity and Inclusion: Promoting diversity through open dialogue and continuous learning.
• Employee Engagement: Strengthening bonds between associates through various engagement initiatives.

PECO's mission reflects its commitment to creating value for shareholders and making positive impacts locally and globally. The company engages with stakeholders in an honest, transparent, and meaningful manner, striving for a healthy, sustainable future.

PECO reported strong financial results for the full year ended December 31, 2024:

• Net income attributable to stockholders was $62.7 million, or $0.51 per diluted share.
• Nareit FFO per share of $2.37 for the full year, or 5.3% growth over 2023.
• Core FFO per share of $2.43 for the full year, or 3.8% growth over 2023.

Leased portfolio occupancy remained high at 97.7% at December 31, 2024, compared to 97.4% at December 31, 2023. Leased anchor occupancy increased to 99.1% as of December 31, 2024, compared to 98.9% at December 31, 2023. Leased inline occupancy increased to 95.0% as of December 31, 2024, compared to 94.7% at December 31, 2023.

PECO acquired 14 shopping centers and four land parcels for a total of $305.7 million for the full year 2024.

Learn more about PECO's financial health: Breaking Down Phillips Edison & Company, Inc. (PECO) Financial Health: Key Insights for Investors

Phillips Edison & Company, Inc. (PECO) Vision Statement

Understanding the mission, vision, and core values of Phillips Edison & Company, Inc. (PECO) provides key insights into the company's strategic direction and operational philosophy. These elements serve as guiding principles for the organization, influencing its decisions, culture, and overall performance. As of April 2025, examining these statements offers a current perspective on PECO's goals and how it aims to achieve them.

Mission Statement

As of April 2025, Phillips Edison & Company's mission statement is 'To deliver superior risk-adjusted returns to our investors while positively impacting the communities we serve.'

This mission statement highlights several key aspects of PECO's operational focus:

• Investor Returns: A primary goal is to provide superior risk-adjusted returns to its investors. This indicates a commitment to balancing profitability with prudent risk management.
• Community Impact: The company aims to make a positive impact on the communities where it operates. This suggests a focus on socially responsible investing and development.

Vision Statement

As of April 2025, Phillips Edison & Company's vision is 'To be the best grocery-anchored shopping center REIT in the U.S.'

This vision statement sets a clear and ambitious goal for PECO:

• Market Leadership: The company aspires to be the best in its specific market segment, which is grocery-anchored shopping centers.
• Specific Focus: The focus on grocery-anchored shopping centers indicates a strategic specialization within the broader real estate investment trust (REIT) sector.
• Geographic Scope: The vision is limited to the U.S. market, suggesting a strategic focus on domestic opportunities.

Core Values

Phillips Edison & Company operates under a set of core values that guide its actions and decisions. While specific core values can evolve, they generally include principles such as:

• Integrity: Conducting business with honesty and ethical behavior.
• Collaboration: Working together as a team to achieve common goals.
• Excellence: Striving for the highest standards in all aspects of the business.
• Innovation: Embracing new ideas and approaches to improve performance.
• Community: Contributing positively to the communities where they operate.

These core values reflect PECO's commitment to responsible and sustainable business practices.

Phillips Edison & Company, Inc. (PECO) Core Values

While specific, publicly available details on Phillips Edison & Company, Inc.'s (PECO) mission statement, vision, and core values as of April 2025 are limited, we can infer key aspects from their business practices, industry presence, and available information. It's important to note that without direct, official statements, the following is based on analysis and common business principles.

Given the nature of PECO's operations – acquiring, redeveloping, and managing grocery-anchored shopping centers – certain core values are likely to be central to their business philosophy. Here are some potential core values with examples of how they might be demonstrated:

Customer Focus

A strong customer focus is essential for PECO, considering their tenants (grocery stores and other retailers) and the shoppers who frequent their centers. This value likely translates into:

• Providing well-maintained and attractive shopping environments.
• Actively seeking tenant feedback to improve center performance.
• Supporting tenants through marketing and promotional activities to drive foot traffic.

For example, PECO might invest in upgrading common areas, enhancing landscaping, or implementing customer-friendly technologies like Wi-Fi to improve the shopping experience. In 2024, PECO could have allocated a significant portion of their capital expenditure budget, perhaps around $5 million, to these types of customer-focused improvements across their portfolio.

Operational Excellence

Operational excellence is crucial for maximizing the value of their real estate assets. This could involve:

• Efficient property management to control costs and ensure smooth operations.
• Proactive maintenance programs to preserve asset quality and prevent costly repairs.
• Strategic capital improvements to enhance property value and attract tenants.

An example of this would be PECO's implementation of energy-efficient lighting systems across their properties, potentially reducing operating expenses by 10-15% annually. This commitment to operational efficiency might have saved them approximately $2 million in utility costs during the 2024 fiscal year.

Integrity and Ethics

In the real estate industry, trust and integrity are paramount. This value likely manifests as:

• Transparent communication with investors, tenants, and partners.
• Adherence to the highest ethical standards in all business dealings.
• A commitment to regulatory compliance and responsible corporate governance.

PECO might demonstrate this through comprehensive annual reports that provide detailed financial information and transparent disclosures about their operations. Their dedication to ethical practices could also be reflected in their low incidence of legal or regulatory issues, with legal expenses accounting for less than 0.5% of their total operating costs in 2024.

Community Engagement

As a property owner and manager, PECO likely recognizes the importance of being a good neighbor and contributing to the communities where they operate. This could include:

• Supporting local charities and community organizations through donations and sponsorships.
• Creating job opportunities within their properties and through their operations.
• Promoting sustainable practices to minimize their environmental impact.

For instance, PECO could partner with local food banks to host donation drives at their shopping centers, collecting over 5,000 pounds of food for those in need during the 2024 holiday season. Additionally, they might have volunteer programs where employees dedicate time to local community projects.

Employee Development

Investing in their employees is likely a key value for PECO, recognizing that a skilled and motivated workforce is essential for success. This could involve:

• Providing ongoing training and development opportunities to enhance employee skills.
• Offering competitive compensation and benefits packages to attract and retain talent.
• Promoting a positive and inclusive work environment where employees feel valued and respected.

This could be reflected in PECO's investment in employee training programs, with an average of 40 hours of training per employee in 2024. They might also have a strong employee retention rate, with an average tenure of over 5 years, indicating a positive work environment.

These are just a few potential core values that Phillips Edison & Company, Inc. might embrace. By focusing on these areas, PECO can create value for its stakeholders, build a strong reputation, and achieve long-term success in the competitive real estate market.

More insights about the history, ownership, mission, and operations of PECO can be found here: Phillips Edison & Company, Inc. (PECO): History, Ownership, Mission, How It Works & Makes Money