Phillips Edison announces upcoming dividends

CINCINNATI - Phillips Edison & Company, Inc. (NASDAQ:PECO), a leading owner and operator of grocery-anchored shopping centers, has declared monthly dividends for April and May 2025. Common stockholders can expect payouts of $0.1025 per share on April 1 and May 1, with records set for March 17 and April 15 respectively. This aligns with the company’s strategy to provide consistent returns to its investors.

The distributions extend to operating partnership unit holders at equivalent rates after tax withholdings. Phillips Edison’s portfolio, as of December 31, 2024, includes 316 shopping centers, with a focus on providing omni-channel experiences in key markets across 31 states.

This announcement is based on a press release statement and reflects the company’s commitment to its dividend policy amidst its operational strategies and market presence.

In other recent news, Phillips Edison & Company, a real estate investment trust, has filed a new automatic shelf registration statement with the U.S. Securities and Exchange Commission (SEC), allowing for the sale of up to $250 million in shares. This is a continuation of a previous program under a prior registration statement. The legal firm Ballard Spahr LLP confirmed the validity of the shares that may be issued under this offering.

In addition to this, Phillips Edison & Company has also amended its credit agreements with three major financial institutions, including Bank of America, KeyBank National Association, and Capital One (NYSE:COF), National Association. This follows modifications previously made to the company’s credit agreement with PNC Bank, National Association.

Furthermore, the company has expanded its Revolving Credit Facility to $1 billion, extending the maturity date to January 9, 2029. This amendment maintains the principal amount and maturity date of the existing Term Loan Facility. The interest rate for the Revolving Credit Facility is now set at Term SOFR or Daily Simple SOFR, with a margin ranging from 0.725% to 1.400%.

These are all recent developments that provide Phillips Edison & Company with financial flexibility and liquidity for future needs.

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