PHILLIPS EDISON & COMPANY, INC.

(PECO)
  Report
Delayed Nasdaq  -  05/17 04:00:00 pm EDT
34.35 USD   +2.23%
05/13Morgan Stanley Lowers Phillips Edison & Co's Price Target to $32 From $37, Maintains Equalweight Rating
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05/06Phillips Edison to Seek Acquisitions
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05/06TRANSCRIPT : Phillips Edison & Company, Inc., Q1 2022 Earnings Call, May 06, 2022
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Business Summary
Logo Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. is a real estate investment trust (REIT). The Company owns and operates omni-channel grocery-anchored shopping centers. The Company’s principal business is the ownership and operation of community and neighborhood shopping centers. Additionally, it operates a third-party investment management business providing property management and advisory services to unconsolidated joint ventures and one private fund (collectively, the Managed Funds). The Company’s portfolio primarily consists of neighborhood centers anchored by the #1 or #2 grocer tenants by sales within their respective formats by trade area. Its centers feature a mix of national and regional retailers providing goods and services throughout the United States. The Company manages approximately 291 shopping centers, including 270 wholly owned centers comprising approximately 30.9 million square feet across 31 states, and approximately 21 shopping centers owned in two institutional joint ventures.
Sales per Business
20202021Delta
Rental485.4897.5%519.5097.5% +7.01%
Fees and Management9.822%10.341.9% +5.24%
Other Property2.710.5%3.020.6% +11.13%
USD in Million
Sales per region
20202021Delta
United States498.02100%532.85100% +6.99%
USD in Million
Managers
Name Title Age Since
Jeffrey S. Edison Chairman & Chief Executive Officer 60 2009
Devin Ignatius Murphy President 61 2019
John P. Caulfield Vice President-Treasury & Investor Relations 40 2014
Kevin McCann Chief Information Officer - 2020
Robert F. Myers Senior Manager-Leasing 48 2003
Keith A. Rummer Chief Human Resources & Compliance Officer, SVP - 2012
Tanya E. Brady Secretary, Senior Vice President & General Counsel 53 2018
Cherilyn Megill Chief Marketing Officer & Senior Vice President - 2017
Jennifer L. Robison Chief Accounting Officer & Senior Vice President 44 2014
Joseph Hoffmann Senior Vice President-Tax - 2018
Members of the board
Name Title Age Since
Jeffrey S. Edison Chairman & Chief Executive Officer 60 2009
Leslie T. Chao Lead Independent Director 64 2017
Paul J. Massey Independent Director 61 2010
Stephen R. Quazzo Independent Director 61 2013
Gregory S. Wood Independent Director 62 2016
John A. Strong, Dr. Independent Director 60 2018
Jane Silfen Independent Director 35 2019
Elizabeth Fischer Independent Director 61 2019
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 113,900,000 113,435,968 99.6% 0 0.0% 54.7%
Stock B 0 93,665,000 0 0.0% 0 0.0%
Shareholders
NameEquities%
Millennium Management LLC 7,321,208 6.43%
Massachusetts Financial Services Co. 4,311,254 3.79%
Fidelity Management & Research Co. LLC 1,909,574 1.68%
Wellington Management Co. LLP 1,868,643 1.64%
Janus Henderson Investors US LLC 1,551,747 1.36%
The Vanguard Group, Inc. 1,511,796 1.33%
First Foundation Advisors 904,455 0.79%
CenterSquare Investment Management LLC 859,654 0.76%
PGIM, Inc. 816,339 0.72%
Vision Capital Corp. (Canada) 745,402 0.65%
Company contact information
Phillips Edison & Co., Inc.
11501 Northlake Drive
Cincinnati, OH 45249

Phone : +1.513.554.1110
Fax : +1.513.554.1820
Web : http://www.phillipsedison.com
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