Phillips Edison & Company, Inc. announced that its Board of Directors approved a 4.5% increase to the monthly dividend distributions payable October 2, 2023 and November 1, 2023 to common stockholders of record as of September 15, 2023 and October 16, 2023, respectively. The Board approved the distribution at a rate of $0.0975 per share of the Company?s common stock. When annualized, this is equal to a rate of $1.17 per share, representing an increase of 4.5% over the previous annualized rate of $1.12 per share.

Operating partnership unit holders receive distributions at the same rate as common stockholders, subject to the required tax withholding.