Our differentiated strategy of owning and operating small-format,
neighborhood centers anchored by the #1 or #2 grocer in a market
270
continues to result in strong financial and operating performance
NEIGHBORHOOD
#1 or #2 Grocery Anchor
71% ABR Necessity-Based
CENTERS
by Sales (86% of ABR)
Goods and Services
31.1
MILLION
97% of ABR from
Last Mile Solution for
SQUARE FEET
Omni-Channel Grocery-
Necessity-Based and
31
Anchored Centers
Essential Retailers
STATES
Format Drives Results:
Targeted Trade Areas Where
Small Format Centers
Leading Grocers and Small
INVESTMENT GRADE BALANCE SHEET
with Strategic
Shop Neighbors Are Successful
Neighborhood Locations
with significant liquidity position and net debt to annualized adjusted EBITDAre at 5.4x
Our Neighbors are thriving in
Portfolio
Renewal
Demand
Demand
New Rent
Portfolio
our grocery-anchored centers
89%
15.5%
Solid
Converting
21.3%
Record
Retention
Leases
97.1% Leased
Spread
For Space
Into New
Spread
Rate
Occupancy
Strength and Resiliency of our Grocers
Retailers Growing with PECO:
+8.4%
2022 U.S. grocery sales growth through September
$638
Average annual grocer sales per square foot as of September 30, 2022
2.4%
Grocer health ratio as of September 30, 2022
Certain matters included in this presentation may be forward looking statements within the meaning of federal securities laws. Actual future performance and results may differ materially from those included in forward looking statements. Please refer to our most recent annual report on Form IO-K and quarterly report on Form IO-Q filed with the SEC which include risk factors and other information that could cause actual results to differ from what is included in forward looking statements. This presentation includes certain non-GAAP financial measures that the company considers meaningful measures of financial performance. Additional information regarding these non-GAAP measures, including reconciliations to GAAP, as well as definitions of terms in this presentation, are included in documents we have filed with the SEC.
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Phillips Edison & Co. Inc. published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2022 16:53:01 UTC.
Phillips Edison & Company, Inc. is a real estate investment trust (REIT). The Company's business is conducted through Phillips Edison Grocery Center Operating Partnership I, L.P. (the Operating Partnership). The Company owns and operates omni-channel grocery-anchored shopping centers. Additionally, it operates a third-party investment management business providing property management and advisory services to two unconsolidated institutional joint ventures and one private fund. Its 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 301 shopping centers, including 281 wholly owned centers comprising 32.2 million square feet across 31 states and 20 shopping centers owned in one institutional joint venture.
PHILLIPS EDISON & COMPANY, INC. 
