PECO GROW

GROW with PECO

PECO's portfolio of grocery-anchored centers, managed by an experienced team who have invested alongside of you, has a strong track record of consistent value and GROWth.

Grocery Anchored.

Owns and operates a $6.2 billion national portfolio of 291 grocery-anchored shopping centers.

Regular Income. Strong Returns.

Monthly distributions to our stockholders. Total distributions of over $1.5 billion.

Omni-Channel Landlord.

Complimentary to e-commerce, solving for last mile delivery and thriving in an omni-channel environment.

Well-Aligned & Experienced.

30 years of experience and a leadership team with $330 million invested alongside stockholders.

On February 10, 2023, our management team held a webinar to discuss PECO’s fourth quarter 2022 results.

Webcast: Click here for the webcast replay
Q4 Investor Presentation: Click here

Grocery Centered. Community Focused.

PECO GROW Presentation – November 2022

Phillips Edison & Company, Inc. (“PECO”) is one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers.

PECO’s diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States. PECO has generated strong operating results over its 30+ year history.

The Company remains exclusively focused on creating great grocery-anchored shopping experiences and improving the communities it serves one center at a time.

Did Phillips Edison execute an underwritten IPO (initial public offering)?

Yes. 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 to new investors) 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 market price per share, please visit www.nasdaq.com/market-activity/stocks/peco.

How does the IPO impact the non-traded REIT investors (Class B Common Stockholders)?

Prior to the IPO, shares of common stock held by PECO’s existing stockholders were converted to Class B common stock on July 2, 2021.
Class B common stock is not listed on the Nasdaq and cannot be traded on the Nasdaq.
On January 18, 2022, the Class B shares will automatically convert to Nasdaq-listed common stock and will be freely tradable on the Nasdaq.
The capital raised can help PECO grow over the long term, and the IPO will ultimately provide liquidity to our investors.
See “Can I sell my stock?” below for more details.

Why is the Class B common stock not tradable on the NASDAQ following the IPO?

PECO believes the holding period before Class B common stock will convert into Nasdaq-listed common stock was helpful in executing a successful underwritten IPO.
The capital raised in the IPO helped PECO pay down debt, and can help PECO grow over the long term. Additionally, the underwritten IPO will ultimately allow PECO to provide a liquidity option to all of its investors.
The holding period also allows PECO to build its public investor audience prior to the expiration of the holding period.
The Class B common stock has the same par value per share and voting rights, and receives the same monthly distributions as the Nasdaq-listed common stock.

For more questions and answers, visit our FAQ page.

Featured Content

Phillips Edison is celebrating our 30th Anniversary this year. Follow Us on our social media platforms for more.

Contact us for more information

Financial Advisor & Broker Dealer Inquiries: (833) 347-5717
Investor & Operations Inquiries: (888) 518-8073
Email Investor Relations
https://investors.phillipsedison.com