Phillips Edison & Company, Inc. (PECO)

Overview

Phillips Edison & Company, Inc. (PECO), established in 1991, stands as a leading proprietor and operator of omni-channel grocery-anchored shopping centers within the United States. With a significant national presence, PECO prides itself on a vertically-integrated operating model that has consistently delivered robust outcomes. As of the close of 2023, PECO's portfolio encompasses 301 shopping centers, including 281 wholly-owned centers spanning 32.2 million square feet across 31 states, in addition to 20 centers held in a joint venture. Anchored predominantly by top-tier grocery chains such as Kroger, Publix, Albertsons, and Ahold Delhaize, PECO's properties are strategically situated in fundamentally strong markets and are dedicated to amplifying the omni-channel shopping experience while fostering community enrichment through retail rejuvenation.

Products and Services

PECO's operations and offerings can be classified under several key services and product categories, each tailored to enhance the shopping experience and provide value to communities and stakeholders:

• Omni-Channel Grocery-Anchored Shopping Centers - Centers that serve as pivotal community hubs, featuring a blend of national and regional retailers. These shopping centers are designed to fulfill the essential needs of the surrounding community through a versatile retail mix, ensuring access to daily necessities and services in an increasingly digital shopping landscape.
• Vertically-Integrated Operating Platform - PECO utilizes an in-house approach to manage all aspects of its shopping centers, from property management and leasing to construction and development. This integrated model allows for seamless operations, higher efficiency, and the ability to quickly adapt to market changes, contributing to the overall success and sustainability of their portfolio.
• National Footprint & Strategic Market Presence - With properties spanning 31 states, PECO's strategic market presence ensures a broad yet targeted reach into fundamentally strong markets. This widespread operation facilitates a robust and diversified tenant mix, catering to a wide array of consumer needs and preferences.
• Focus on Community and Shopping Experience Improvement - PECO is strongly committed to enriching the communities it serves. This commitment is reflected in the quality of their shopping centers, which are meticulously designed to enhance the consumer shopping experience, foster community engagement, and support local economies.