Phillips Edison & Company Business Model and Structure

Phillips Edison & Company is a real estate investment trust (REIT) that focuses on the ownership and operation of grocery-anchored shopping centers. They have a strong portfolio of properties across the United States.

Their business model is built around a single-tenant, net-leased strategy, which means they lease their properties to a single tenant, typically a grocery store, for a long period of time. This approach provides a stable source of income for the company.

Phillips Edison & Company has a team of experienced professionals who manage their properties and handle day-to-day operations. They also have a strong focus on customer service and community engagement.

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Phillips Edison & Company is a leading retail real estate investment trust (REIT) that has been in operation since 1991. They specialize in investing in high-quality, grocery-anchored shopping centers across the United States.

Their team has a deep understanding of the retail industry and has developed a unique approach to investing in retail real estate, which has contributed to their success. They focus on creating long-term value for their shareholders through a combination of income generation and capital appreciation.

With a strong track record of performance, Phillips Edison & Company has become a trusted name in the retail REIT industry.

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Phillips Edison & Company was founded by Mike Phillips and Jeff Edison, former employees of Taubman Centers, to invest in community and neighborhood shopping centers.

The company acquired its first property in 1992 and began investing in other properties across the U.S. through a series of private funds.

In 2010, Phillips Edison & Company launched its first non-traded real estate investment trust (REIT), Phillips Edison—ARC Shopping Center REIT Inc.

A year later, the company created its second non-traded REIT, Phillips Edison – ARC Grocery Center REIT II, Inc.

The company rebranded its non-traded REITs in 2014 as Phillips Edison Grocery Center REIT I and Phillips Edison Grocery Center REIT II.

In 2015, Phillips Edison & Company separated its Strategic Investment and Net Lease Investment business units into a standalone company called PECO Real Estate Partners.

This move allowed the company to focus exclusively on growing and enhancing the value of its grocery-anchored shopping center portfolio.

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By 2016, Phillips Edison & Company had been recognized as one of the 5,000 fastest-growing private firms in the nation by Inc. magazine.

The company also ranked as the 14th largest retail owner by square footage that year, according to National Real Estate Investor.

In July 2021, Phillips Edison & Company went public on the Nasdaq under the symbol PECO.

Our company's board of directors is comprised of experienced and dedicated individuals who help guide our business decisions. Jeffrey Edison serves as the Chairman of the board, a position he has held since 2009.

The board has a diverse range of ages, with the oldest member being 68 years old, Leslie Chao, and the youngest being 38 years old, Parilee Edison Wang. The average age of the board members is around 62 years old.

Here is a list of our current board members, along with their titles and ages:

Our board members have a wealth of experience, with some having been on the board for over a decade.

Phillips Edison & Company, Inc. recently increased its revolving credit facility to $1 billion, with a maturity date of January 9, 2029, subject to two consecutive six-month extensions.

The company has the option to choose between two interest rates, Term SOFR or Daily Simple SOFR, plus a margin ranging from 0.725% to 1.400% based on its credit rating, leverage ratio, and sustainability metrics.

Phillips Edison & Company, Inc. operates through its subsidiary, Phillips Edison Grocery Center Operating Partnership I, L.P., which is involved in the credit agreement.

Blake Real Estate is a separate company that offers a range of commercial real estate services, including leasing, construction, development, property management, and consulting.

Phillips Edison & Company, Inc. is a publicly traded company listed on the NASDAQ under the ticker symbol PECO.

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Phillips Edison & Company has a unique business structure that allows for efficiency and specialization. They have in-house teams for leasing, property management, accounting, acquisitions, dispositions, development, and financing.

Having these teams in-house enables the company to control costs and ensure consistency in their operations. This is a key advantage in the competitive retail real estate market.

Their focus on grocery-anchored shopping centers is a deliberate business strategy, allowing them to develop expertise in this specific area.

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Phillips Edison & Company has in-house teams for leasing, property management, accounting, acquisitions, dispositions, development, and financing.

The company has a focused business model, exclusively investing in grocery-anchored shopping centers.

Having in-house teams allows the company to streamline operations and have more control over their investments.

This approach enables Phillips Edison & Company to make informed decisions and adapt quickly to market changes.

Their focus on grocery-anchored shopping centers suggests a deep understanding of the retail market and a commitment to a specific investment strategy.

By having all these functions under one roof, Phillips Edison & Company can respond efficiently to market opportunities and challenges.

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The business structure of Phillips Edison & Company, Inc. is led by a team of experienced managers. Jeffrey Edison serves as the CEO, having taken on the role since November 30, 2009.

The company's finance is overseen by John Caulfield, who has been the Director of Finance/CFO since July 31, 2019. He brings a wealth of experience to the position, ensuring the company's financial stability.

Robert Myers is the President, a position he has held since December 31, 2023. As President, he plays a crucial role in shaping the company's overall strategy and direction.

The company's operational efficiency is managed by Joseph G. Schlosser, who serves as the Chief Operating Officer. Unfortunately, his age is not publicly disclosed.

Kevin McCann is responsible for the company's technology and scientific advancements as the Chief Tech/Sci/R&D Officer, a position he has held since December 31, 2019.

Grocery-anchored shopping centers are a type of retail real estate that's been around since at least 1991, when Phillips Edison & Company started operating.

Phillips Edison & Company has a vast influence and market share in the United States, with 300 locations under its ownership across the country.

This type of shopping center is often run as a Real Estate Investment Trust, a common business structure in the retail real estate sector.

Phillips Edison & Company's investment strategy is focused on net-leased retail properties, with a portfolio of over 220 properties across the US.

They prioritize acquiring high-quality assets with strong cash flow and growth potential.

Their investment approach emphasizes long-term relationships with tenants and a focus on creating value through property improvements and redevelopments.

This strategy has enabled them to achieve a high occupancy rate of over 98%.

Their investment performance is also driven by a strong focus on operational efficiency, which has resulted in a low expense ratio of around 3%.

Their investment approach has been successful in generating strong returns, with a total return of 14.5% over the past 5 years.

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Phillips Edison & Company has a strong operations and strategy in place to drive growth and success. The company has a unique approach to real estate investment, with a focus on grocery-anchored shopping centers.

With a portfolio of over 230 properties, Phillips Edison & Company has developed a robust operations system to manage its assets. This includes a team of experienced professionals who oversee property management, leasing, and maintenance.

The company's strategy is centered around creating long-term value for its investors, and it achieves this through a combination of active management and strategic acquisitions. By focusing on grocery-anchored shopping centers, Phillips Edison & Company is able to provide a stable and predictable income stream for its investors.

PECO was established in the early '90s by Jeffrey Edison and Michael Phillips.

The company's initial objective was to acquire and manage retail properties with potential for growth. This strategy involved identifying undervalued assets and enhancing their market value.

PECO focused primarily on properties anchored by grocery stores, which has been an area where the company has performed well over the years.

In a market with other notable competitors like Simon Property Group and Kimco Realty, PECO carved a distinct path for itself.

One consistent aspect of PECO's growth trajectory has been its willingness to enter partnerships and perform acquisitions.

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Commercial REITs are a type of investment that allows individuals to invest in a diversified portfolio of commercial properties.

They can provide a steady stream of income through rental income and property appreciation.

One of the key benefits of commercial REITs is that they offer a way to invest in large-scale commercial properties that might be out of reach for individual investors.

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Commercial REITs can provide a diversified portfolio of properties, including office buildings, shopping centers, and apartments.

This diversification can help reduce risk and increase potential returns.

Commercial REITs are often listed on major stock exchanges, making it easy to buy and sell shares.

This liquidity can be beneficial for investors who need to access their money quickly.

Commercial REITs typically have a professional management team that handles day-to-day operations.

This can be a major advantage for investors who don't have the expertise or time to manage a large portfolio of properties themselves.

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Phillips Edison & Company is a real estate investment trust (REIT) that owns and operates a portfolio of shopping centers across the United States.

Their financial performance has been steady, with a net income of $54.8 million in 2020.

The company has a strong financial position, with a debt-to-equity ratio of 1.35 and a current ratio of 1.21, indicating a manageable level of debt and sufficient liquidity.

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Their revenue has been steadily increasing, with a growth rate of 4.5% in 2020.

Phillips Edison & Company's financial metrics are comparable to those of other REITs in the industry, such as National Retail Properties and Retail Properties of America.

The company's focus on high-quality shopping centers has allowed them to maintain a strong occupancy rate of 95.1% in 2020.