Phillips Edison & Company, Inc. (NASDAQ:PECO) is a real estate investment trust (REIT) specializing in the acquisition, development and management of grocery-anchored shopping centers throughout the United States. The company focuses on open-air properties anchored primarily by grocery retailers, supplemented by non-discretionary tenants such as drug stores, discount retailers, and fitness centers. By concentrating on necessity-based retail hubs, Phillips Edison & Company aims to deliver stable cash flows and long-term value creation for its shareholders.
Founded in 1991 by Michael G. Phillips and Michael A. Edison, the company began as a privately held real estate enterprise managing a portfolio of grocery-anchored assets. Over time, it expanded its footprint through disciplined capital deployment and strategic joint ventures. In 2013, Phillips Edison & Company completed its initial public offering, transitioning to a publicly traded REIT under the NASDAQ ticker PECO. This shift enabled broader access to capital markets, fueling further growth and diversification across multiple regions.
Today, Phillips Edison & Company owns and operates properties in more than 30 states, with a concentration in the Midwest, Southeast and Southwest regions. In addition to property ownership, the company offers third-party net lease asset management and preferred equity solutions, leveraging its in-house expertise in leasing, construction oversight and portfolio management. These services allow institutional and private capital partners to benefit from Phillips Edison’s experience in underwriting, due diligence and day-to-day operations.
The firm’s leadership team comprises industry veterans with extensive backgrounds in retail real estate investment, property management and capital markets. Guided by a board and executive management with decades of collective experience, Phillips Edison & Company emphasizes a disciplined underwriting process, tenant diversity and proactive asset management. This approach underpins the company’s strategy to maintain resilient, necessity-based retail portfolios in dynamic market environments.
