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When did Phillips Edison execute its underwritten IPO (initial public offering)?
  • On July 14, 2021, PECO finalized the pricing of its underwritten IPO. The IPO was priced at $28.00 per share.
  • On July 15, 2021, the newly issued common stock (the shares issued in the IPO) began trading on the Nasdaq, under the ticker symbol: PECO.
  • On August 2, 2021, PECO announced that the full overallotment of the IPO was exercised.
  • The total gross proceeds of the IPO, including the overallotment, were approximately $547 million.
  • For the current price per share of Phillips Edison’s Nasdaq-listed common stock, please visit nasdaq.com/market-activity/stocks/peco.
What are PECO’s ticker symbol and CUSIP number?
  • PECO trades on the Nasdaq under the ticker symbol: PECO
  • PECO’s Nasdaq-listed Common Stock CUSIP: 71844V201
    • INACTIVE CUSIP numbers:
      • PECO’s common stock prior to the reverse stock split CUSIP: 71844V102
      • PECO’s Class B Common Stock CUSIP: 71844V300
  • On January 18, 2021, 100% of PECO Class B Common Stock converted on a one-for-one basis into PECO’s Nasdaq-listed Common Stock (CUSIP: 71844V201). Following the conversion, the Class B Common Stock CUSIP is inactive.
Who is Phillips Edison’s Transfer Agent?
  • Computershare is our Transfer Agent
  • Click here for more information on Computershare
  • You can find Computershare forms here: Investor Forms | Phillips Edison
  • Investors: (888) 518-8073
  • Advisors: (833) 347-5717
  • Mail
    • Regular Mail:

    • Computershare Alternative Investments
      P.O. Box 505013
      Louisville, KY 40233-5013

    • Overnight Delivery:

    • Computershare Alternative Investments
      462 South 4th Street, Suite 1600
      Louisville, KY 40202

How do I access my Computershare account online?
  • Investors are encouraged to access their account online. They can do so by visiting https://investors.phillipsedison.com/retail-investors/investor-login and following the instructions on the website.
  • You can find Computershare forms here: Investor Forms | Phillips Edison
  • Financial advisors are able to access their client account information via the Computershare Advisor Portal. If you have not registered with Computershare, please visit www.Computershare.com/advisorportal and login by following the instructions below.
  • Register as a new financial advisor and provide your broker dealer name.
  • Under “username” input your email address, type in the captcha, and click “next”.
  • We will send an email to you with a temporary password.
  • You can then login with your temporary password and you will be prompted to change it.
  • You will then be required to accept the terms and conditions as well as create three security questions to assist you should you need to replace your password in the future.
Can I sell my stock?
  • On January 18, 2022, PECO’s Class B shares automatically converted into the Nasdaq-listed common stock and becomes eligible to be traded on the Nasdaq thereafter.
  • For custodial-held accounts, please contact your financial advisor or custodian on how to execute trades.
  • For accounts held with Computershare, shares can be sold the following ways:
  • Please note:
    • Computershare can only accept orders for less than $100,000 over the phone
    • Computershare can only accept orders for less than $1,000,000 through PECO’s Investor Center.
    • Sell requests exceeding these amounts (held directly with Computershare) can only be executed using PECO’s Stock Sale Form.
    • Sell requests for partnerships or corporations (held directly with Computershare) cannot be made over the phone or online. They can only be executed using PECO’s Stock Sale Form.
    • PECO recommends transferring shares to a brokerage account to better facilitate transactions. Please contact your brokerage firm for more information.
Can I transfer my shares to my broker or my brokerage account?
  • Yes. Reach out to your broker and request the shares be transferred through the Depository Trust Company’s Direct Registration Profile System (a.k.a. “DRS Transfer”)
  • You need to supply your broker with a copy of your latest statement and the following information:
    • Your Computershare account number (on your statement)
    • Your Social Security Number
    • Computershare’s DTC number, 7807
    • The number of whole shares you wish to move from your Computershare account to your brokerage account
  • Advisors can access their client statements here: www.computershare.com/advisorportal
What is the value of my stock?
Does Phillips Edison pay dividends to its investors?
  • Yes. Philips Edison pays a monthly dividend distribution.
  • Upon approval by the PECO Board of Directors, dividend distributions are announced via press release.
  • Investors are required to receive their monthly distributions in cash as the company suspended its dividend reinvestment program starting after the March 1, 2021, distribution. The dividend reinvestment program was terminated in August 2021.
  • Recent Record and Payment Dates are posted to PECO’s website at https://investors.phillipsedison.com/stock-information/distribution-information.
  • Distributions are determined by the PECO Board of Directors on a periodic basis. Distributions are not guaranteed.
Does PECO have a dividend reinvestment program (“DRIP”)?
  • PECO does not have an active dividend reinvestment program.
  • However, many brokerage accounts allow investors to use dividend proceeds to buy shares of a given stock in the open market. This will allow for the purchase of more PECO stock in the open market on a regular basis.
  • Please check with the brokerage firm for more information.
  • Accounts held directly with our transfer agent, Computershare, cannot participate in any reinvestment programs at this time.
When are tax forms mailed to investors?
  • If your PECO common shares are held directly with Computershare (the “Transfer Agent”), the Transfer Agent will mail your tax forms no later than mid-February.
  • If your common shares are held with a custodian responsible for your tax reporting, please contact the custodian for your tax forms.
  • Starting no later than mid-February, you can log in to your Computershare account and download your tax forms by visiting www.computershare.com/peco. Please call Computershare at (1) 888-518-8073 for log-in assistance or for other questions regarding your account.
  • Additional tax information is available on the PECO Investor website, under the Tax Matters Tab.
Why is my cost basis lower than my purchase price?
  • Throughout PECO’s history, distributions have included non-taxable (also known as return of capital) and taxable dividends. Typically, non-taxable (return of capital) dividends lower an individual’s cost basis.
  • It’s important to note that an investor’s original purchase price and cost basis are not necessarily the same amount.
  • Because PECO has distributed non-taxable (return of capital) dividends, an individual’s cost basis is usually lower than the original purchase price.
  • This is particularly relevant to our investors that originally invested in Phillips Edison Grocery Center REIT I, Inc. (“REIT I”).
  • Investors that originally invested in Phillips Edison Grocery Center REIT II, Inc. (“REIT II”) are less affected.
  • Where appliable, investors’ cost basis information will be printed on the September 30, 2021, statements, which will be mailed to in early October 2021.
  • Cost basis details are available to financial advisors via the Computershare Financial Advisor Portal.
  • Cost basis details are available to investors via their online account with Computershare – under the Activity / Transactions heading.
  • Please consult your financial advisor, custodian, or tax professional for details on your cost basis.
How did the IPO impact Phillips Edison’s former non-traded REIT investors (Class B Common Stockholders)?
  • Prior to the IPO, shares held by PECO’s existing stockholders were converted into Class B common stock on July 2, 2021.
  • Class B common stock remained illiquid until January 18, 2022. On this date, the Class B shares automatically converted into PECO’s Nasdaq-listed common stock.
  • The capital raised in the IPO can help PECO grow over the long term, and the IPO has provided liquidity to PECO’s former non-traded REIT investors.
  • See “Can I sell my stock?” below for more details.
What happened in January 2022 to fractional Class B shares upon the conversion into Common Stock?
  • Because only whole shares can be converted into the Nasdaq-listed common stock, any fractional shares were automatically sold into the open market on January 18, 2022.
  • Class B stockholders received cash proceeds of this sale in lieu of the fractional share that they were otherwise be entitled to receive. Class B stockholders received the proceeds in the same manner that they receive their monthly cash distributions (i.e., electronic deposit, deposit to custodian, physical check). Payments are expected to be distributed to investors by February 2022.
  • For example: If an investor held 1,234.567 shares of Class B common stock, PECO sold 0.567 shares into the open market, and the investor received the proceeds of the sale in cash form. The price at which the trade is executed will be the market value of the stock on January 18, 2021.
  • Non-qualified accounts will receive tax documents related to the fractional share sale (i.e., 1099-B) from Computershare (or custodian), along with their 1099-DIV for the 2022 tax year. These forms will be delivered in early 2023.
Did the company do a stock split?
  • Yes. On July 2, 2021, PECO executed a one-for-three reverse stock split of each issued and outstanding share of PECO’s common stock.
  • On the same day, PECO executed a reclassification of its stock such that each outstanding share of common stock was converted into a share of Class B common stock.
  • PECO’s Board of Directors approved the stock split on June 14, 2021, and PECO’s stockholders approved the reclassification on June 18, 2021.
  • Although the reverse stock split reduced PECO’s total shares of common stock outstanding, it affected all stockholders equally and proportionally. PECO’s business remains unchanged and there is no economic impact to PECO’s stockholders.
  • Stockholders received more details with their June 30, 2021, statement and received a statement thereafter that reflected the reverse split.
How can I stay up to date on the recent Phillips Edison news and events?
How do I contact Phillips Edison?
  • Investor inquiries: Computershare:
    • (888) 518-8073; Monday - Friday, 9 a.m. - 5 p.m. ET
  • General financial advisor inquiries: Computershare:
    • (833) 347-5717; Monday - Friday, 9 a.m. - 5 p.m. ET
  • Financial advisor inquiries related to a reference number or online access:
    • (888) 518-8073; Monday - Friday, 8:30 a.m. - 6 p.m. ET
  • Email: InvestorRelations@phillipsedison.com