Phillips Edison & Company, Inc. (NASDAQ:PECO) Declares Monthly Dividend of $0.12

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.115 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 6.2% increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.11.

Phillips Edison & Company, Inc. has increased its dividend payment by an average of 0.7%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Phillips Edison & Company, Inc. has a dividend payout ratio of 183.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Phillips Edison & Company, Inc. to earn $2.92 per share next year, which means the company should continue to be able to cover its $1.30 annual dividend with an expected future payout ratio of 44.5%.

Phillips Edison & Company, Inc. Stock Down 0.1%

Shares of NASDAQ PECO traded down $0.03 during mid-day trading on Wednesday, reaching $38.89. 55,050 shares of the company were exchanged, compared to its average volume of 925,521. The stock has a market capitalization of $5.01 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.00 and a beta of 0.50. The company’s 50-day simple moving average is $41.45 and its 200-day simple moving average is $39.98. Phillips Edison & Company, Inc. has a twelve month low of $32.98 and a twelve month high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a return on equity of 5.52% and a net margin of 19.14%.The company had revenue of $189.62 million for the quarter, compared to analyst estimates of $187.46 million. During the same quarter last year, the business earned $0.64 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, equities research analysts expect that Phillips Edison & Company, Inc. will post 2.77 EPS for the current year.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company’s investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.