PHILLIPS EDISON & COMPANY INC
Phillips Edison & Company, Inc. is a real estate investment trust (REIT). The Company's business is conducted through Phillips Edison Grocery Center Operating Partnership I, L.P. It invests primarily in omnichannel grocery-anchored neighborhood and community shopping centers that have a mix of creditworthy national, regional, and local retailers that sell necessity-based goods and services in demographic markets throughout the United States. Its portfolio primarily consists of neighborhood centers anchored by the #1 or #2 grocer tenants by sales within their respective formats by trade area. The Company manages approximately 329 shopping centers, including 303 wholly owned shopping centers and 26 shopping centers owned through joint ventures, which comprise approximately 36.8 million square feet in 31 states.
Stock Performance Snapshot
Analyst Rating
Analysts suggest buying Phillips Edison stock, expecting its value to rise to $39.91.
Financial Health
Phillips Edison is performing well with strong revenue and profit margins, indicating healthy operations.
Dividend
Phillips Edison & Company Inc's dividend yield of 2.33% is reasonable for investors seeking dividends. If you invested $1000 you would be paid $23.30 a year in dividends (based on the last 12 months).
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