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Phillips Edison & Company ( (PECO) ) just unveiled an announcement.
On February 6, 2025, Phillips Edison & Company announced its financial results for the fourth quarter and full year of 2024, demonstrating significant growth. The company reported a net income of $62.7 million for the year and highlighted a 5.3% growth in Nareit FFO per share and a 3.8% growth in Core FFO per share compared to 2023. The company also announced the acquisition of fourteen shopping centers and four land parcels for a total of $305.7 million in 2024, with plans to continue expansion in 2025. The occupancy rates remained high, and leasing activity was robust, with significant rent spreads for new and renewal leases, positioning the company strongly within its industry.
More about Phillips Edison & Company
Phillips Edison & Company, Inc. is one of the largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers in the United States. The company primarily focuses on managing and acquiring properties that are anchored by grocery stores, offering a stable and essential retail experience within suburban neighborhoods.
YTD Price Performance: -1.31%
Average Trading Volume: 652,992
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.02B
See more data about PECO stock on TipRanks’ Stock Analysis page.
