Devin Murphy
appointed Devin Murphy to the Board, effective July 2, 2024
Highest-materiality recent filing
Phillips Edison declares monthly dividend of $0.1083/share for June & July 2026
Monthly dividend of $0.1083 per common share declared for June and July 2026.
PECO Q1 2026 Core FFO $0.69 (+6.2% YoY); raises full-year guidance; acquires $125.5M
Net income $30.4M ($0.24 diluted EPS); Core FFO $0.69 per share, up 6.2% YoY.
Phillips Edison completes $350M offering of 4.750% Senior Notes due 2033
Issued $350M aggregate principal amount of 4.750% senior notes due 2033 at 99.295% of par.
PECO declares monthly dividends of $0.1083/share for March, April, May 2026
March dividend payable April 1, 2026 to holders of record March 16, 2026.
Phillips Edison Q4 Core FFO $0.66, FY 2025 Core FFO $2.60; same-center NOI +3.8%; guides 2026
Q4 net income $47.5M ($0.38 diluted) vs $18.1M a year ago; FY net income $111.3M ($0.89).
Phillips Edison raises FY2025 net income guidance to $0.80-$0.81; issues 2026 outlook
FY2025 net income per share raised to $0.80-$0.81 from $0.62-$0.65.
PECO declares monthly dividend of $0.1083 per share for Nov/Dec 2025 and Jan/Feb 2026
Dividend of $0.1083 per share payable Dec 2, 2025; Jan 6, 2026; Feb 3, 2026; Mar 3, 2026.
Phillips Edison Q3 Nareit FFO $0.64 (+6.7% YoY); raises full-year 2025 guidance
Net income $24.7M ($0.20 EPS) vs $11.6M in Q3 2024; Core FFO $0.65 per share (+4.8% YoY).
Phillips Edison increases monthly dividend 5.7% to $0.1083; annualized to $1.30
Monthly dividend raised 5.7% to $0.1083 per share (annualized $1.30), payable Oct 1 & Nov 4, 2025.
Phillips Edison declares $0.1025 monthly dividend for August 2025
Monthly dividend of $0.1025 per share on common stock declared.
Phillips Edison updates tax disclosure in Form S-3 registration statement
Filed updated Material U.S. Federal Income Tax Considerations for the S-3 registration statement.
Phillips Edison Q2 Core FFO $0.64, up 10.3% YoY; raises full-year guidance
Q2 net income $12.8M ($0.10/diluted) vs $15.3M; Nareit FFO $86.0M ($0.62) up 9.8%.
Phillips Edison subsidiary issues $350M 5.250% Senior Notes due 2032
$350M principal of 5.250% Senior Notes due 2032 issued by PECO subsidiary, fully guaranteed by PECO.
PECO declares monthly dividend of $0.1025/share for May–July 2025
Monthly dividend distributions of $0.1025 per share declared for May, June, and July 2025.
Phillips Edison Q1 net income $26.3M ($0.21/diluted); Core FFO $0.65; reaffirms FY 2025 guidance
Net income $26.3M ($0.21/diluted); Nareit FFO $89.0M ($0.64) and Core FFO $90.8M ($0.65), both up 11% YoY.
Phillips Edison & Company declares March and April 2025 monthly dividends of $0.1025 per share
Monthly dividend of $0.1025 per share declared for March and April 2025.
PECO enters into amendments to three credit agreements for conforming changes
Amendments with Bank of America, KeyBank, and Capital One dated Feb 4, 2025.
Phillips Edison files new automatic shelf registration; continues $250M ATM offering
Filed new automatic shelf registration statement on Form S-3ASR to replace prior registration.
PECO reports FY2024 Core FFO $2.43/share, guides 5.1% growth in 2025
Q4 Core FFO $0.62/share vs $0.58 prior year; FY Core FFO $2.43 (+3.8% YoY).
Phillips Edison increases revolving credit facility to $1.0B, extends maturity to 2029
Aggregate revolving facility raised to $1.0 billion; maturity extended to Jan 9, 2029 with two six-month extension options.
PECO reaffirms 2024 guidance; 2025 prelim EPS $0.54-0.59, Core FFO $2.52-2.59
2024 guidance reaffirmed: Net income $0.48-$0.50/sh, Core FFO $2.40-$2.44/sh, Same-Center NOI growth 3.5%-4.0%.
Phillips Edison declares $0.1025/share monthly dividends for Nov-Feb
Monthly dividend of $0.1025 per share declared for November and December 2024 and January and February 2025.
PECO reports Q3 Core FFO $0.62, raises FY 2024 guidance to $2.40–$2.44
Q3 Nareit FFO $81.6M ($0.60/diluted), up 12.5% YoY; Core FFO $84.4M ($0.62/diluted), up 9.6% YoY.
Phillips Edison subsidiary issues $350M 4.950% Senior Notes due 2035, guaranteed by PECO
Phillips Edison Grocery Center Operating Partnership I issued $350M of 4.950% Senior Notes due January 15, 2035.
Phillips Edison & Company raises monthly dividend 5.1% to $0.1025 per share
New monthly distribution of $0.1025 annualizes to $1.23, a 5.1% increase from prior $1.17 annual rate.
PECO declares $0.0975 monthly dividend for August 2024
Monthly dividend of $0.0975 per share declared, consistent with prior rate.
PECO Q2 Core FFO $0.59/share; launches $300M JV with Cohen & Steers
Q2 net income $15.3M ($0.12 diluted EPS); Nareit FFO $0.57, Core FFO $0.59 per share.
Phillips Edison appoints former President Devin Murphy to Board, expanding to 10 members
Board size increased from 9 to 10; Murphy appointed effective July 2, 2024.
Phillips Edison & Co subsidiary issues $350M of 5.75% Senior Notes due 2034
$350M aggregate principal of 5.750% Senior Notes due 2034 issued by OP subsidiary; fully guaranteed by PECO.
Phillips Edison declares monthly dividend of $0.0975/share for May-July 2024
Monthly dividend of $0.0975 per share declared for May, June, July 2024; payable June 4, July 2, Aug 1.
PECO Q1 Core FFO $0.60/shr (+4.5% YoY); same-center NOI +3.7%; affirms FY guidance
Core FFO $81.7M ($0.60/shr), up 4.5% YoY; Nareit FFO $80.1M ($0.59/shr), up 4.9%.
Phillips Edison declares $0.0975 monthly dividends for March and April 2024
Dividend of $0.0975 per share declared for both March and April 2024.
Phillips Edison launches $250M ATM stock offering program with multiple agents
Company may sell up to $250M of common stock via ATM program using 15 agents and forward sellers.
PECO Q4 Nareit FFO $0.56 (+6% YoY); raises 2024 Core FFO guidance to $2.37-$2.45
Q4 net income $13.5M ($0.11/diluted); Nareit FFO $74.8M ($0.56), +6.0% YoY; Core FFO $77.9M ($0.58), +4.9% YoY.
PECO enters $150M interest rate swap fixing SOFR at 3.45% until Dec 2025
Notional amount $150M, fixed rate ~3.45% on daily SOFR, effective Sep 25, 2024, matures Dec 31, 2025.
Phillips Edison reaffirms 2023 guidance and issues preliminary 2024 outlook
2024 Core FFO per share guided at $2.36–$2.44; same-center NOI growth 3.25%–4.25%.
Phillips Edison declares monthly $0.0975/share dividends for Nov/Dec 2023 and Jan/Feb 2024
Dividend rate remains $0.0975 per share per month, unchanged from prior periods.
Phillips Edison Q3 Core FFO $0.58/sh; guides FY23 Core FFO $2.31-$2.35; president transition
Q3 net income $12.2M ($0.10 diluted); Core FFO $77.0M ($0.58/sh), flat YoY per share.
Phillips Edison appoints Anthony Terry to Board as independent director
Board expanded from 8 to 9 members; Terry effective Oct 30, 2023.
Phillips Edison increases monthly dividend 4.5% to $0.0975 per share
Monthly distribution raised 4.5% to $0.0975 per share; annualized rate now $1.17 per share.
Phillips Edison declares monthly dividend of $0.0933 per share
Monthly dividend of $0.0933 per share declared by Board of Directors.
PECO raises FY 2023 FFO guidance; Q2 Core FFO $0.59/shr, same-center NOI +5.3%
Q2 2023 Core FFO $0.59/diluted share ($77.7M), up 8.2% YoY; Nareit FFO $0.58/diluted ($75.9M), up 6.7%.
Phillips Edison appoints Parilee Edison Wang, daughter of CEO, to board
Board expanded from 7 to 8; appointment effective June 29, 2023.
Phillips Edison declares $0.0933/sh monthly dividend for June-August; all directors re-elected
Monthly dividend of $0.0933 per share payable June 1, July 3, and August 1, 2023; unchanged from prior rate.
PECO Q1 2023 Core FFO $0.59/shr; same-center NOI +4.9%, affirms FY guidance
Net income $16.6M ($0.14 diluted EPS); Core FFO $78.2M ($0.59/diluted), up from $0.56 YoY.
Director Paul J. Massey Jr. resigns from Phillips Edison board; size reduced to 7
Paul J. Massey Jr. resigned from the Board and all committees on March 22, 2023.
Phillips Edison enters $200M interest rate swap to hedge variable-rate debt
Notional amount of $200M, swaps daily SOFR for fixed rate of approximately 3.36% per annum.
PECO Q4 2022 Core FFO $0.56/share, up 22.2%; occupancy record 97.4%
Q4 net income $13.7M ($0.12 diluted EPS) vs net loss $5.2M in Q4 2021.
Phillips Edison amends credit agreements to transition from LIBOR to SOFR benchmark rates
Amended credit agreements with Bank of America, KeyBank, and Capital One to replace LIBOR with SOFR-based rates.
Phillips Edison Q3 Core FFO $0.58, same-center NOI +4.3%, raises 2022 guidance
Q3 net income $11.0M ($0.09 diluted); Core FFO $76.6M ($0.58), up 15.4% YoY.
appointed Devin Murphy to the Board, effective July 2, 2024
Robert Myers, the Company’s current Chief Operating Officer and Executive Vice President, has been selected to serve as the Company’s President and will assume such role effective January 1, 2024
On October 27, 2023, Devin Murphy, President of Phillips Edison & Company, Inc. notified the Company that he will step down as the Company’s President, effective December 31, 2023.
Effective January 1, 2024, in connection with Mr. Myers’ appointment as President, Joseph Schlosser, the Company’s current Senior Vice President of Portfolio Management, has been selected to serve as the Company’s Chief Operating Officer and Executive Vice President.
On September 25, 2023 , the board of directors (the "Board") of Phillips Edison & Company, Inc. (the "Company") increased the size of the Board from eight to nine members and appointed Mr. Anthony Terry to the Board, effective as of October 30, 2023
the board of directors (the "Board") of Phillips Edison & Company, Inc. (the "Company") increased the size of the Board from seven to eight members and appointed Ms. Parilee Edison Wang to the Board effective as of June 29, 2023
On March 22, 2023 , Paul J. Massey, Jr. resigned as a member of the Board of Directors (the “Board”) of Phillips Edison & Company, Inc. (the “Company”) and all other positions he held as a member of any committee of the Board.
Max materiality 0.85 · Median 0.55 · Most common event dividend