PECO

Phillips Edison & Company, Inc. (PECO) is a real estate investment trust that owns and operates grocery-anchored neighborhood shopping centers across the United States. Headquartered in Cincinnati, Ohio, the company focuses exclusively on well-located retail properties anchored by leading grocers such as Kroger, Publix, and Walmart. PECO's portfolio comprises approximately 300 shopping centers totaling roughly 33 million square feet across 31 states, making it one of the largest owners of grocery-anchored centers in the nation. The company's properties serve as essential community gathering places, featuring a mix of national, regional, and local tenants including restaurants, service providers, and health and wellness businesses. PECO employs a disciplined investment strategy centered on dominant retailers in strong demographic markets with favorable population density and household income characteristics. The company completed its initial public offering in July 2021, transitioning from a non-traded REIT to a publicly traded entity on the NASDAQ exchange. PECO's business model emphasizes necessity-based retail, which has demonstrated resilience through various economic cycles due to consistent consumer demand for groceries and essential services. The company maintains an active asset management approach, focusing on enhancing property value through strategic leasing, redevelopment initiatives, and selective acquisitions and dispositions to optimize its portfolio composition and geographic diversification.