Phillips Edison & Company, Inc. (PECO) is a real estate investment trust (REIT) specializing in the acquisition and management of grocery-anchored shopping centers. The company was founded in 1991 and is headquartered in Cincinnati, Ohio. PECO focuses on owning and operating high-quality retail properties that are anchored by leading grocery stores. Phillips Edison & Company is listed on the Nasdaq stock exchange under the ticker symbol "PECO."
The company's primary objective is to create value for its shareholders by acquiring and managing well-located properties in strong demographic markets. PECO's portfolio consists of properties spread across the United States, including in densely populated urban areas, suburban communities, and smaller towns. The company has built a strong reputation for its expertise in grocery-anchored retail, which is considered a stable and resilient sector within the commercial real estate market.
One exceptionally noteworthy aspect of PECO is its commitment to creating vibrant and thriving community centers. The company strives to enhance the shopping experience by curating a diverse tenant mix and engaging with the local community. PECO understands the importance of grocery stores as anchor tenants, as they drive foot traffic and serve as essential resources for local residents. These centers typically feature a mix of national and local retailers, including grocery stores, restaurants, service providers, and other convenience-oriented businesses. By focusing on grocery-anchored properties, PECO aims to provide stable rental income and long-term value appreciation for its investors.
The company's approach to property management is centered around maintaining strong tenant relationships, ensuring high occupancy rates, and driving sustainable growth. PECO employs a team of experienced professionals who specialize in retail real estate and are dedicated to delivering exceptional service to tenants and maximizing the value of the properties under management.
In addition to property acquisition and management, Phillips Edison & Company is actively involved in property redevelopment and expansion projects. By investing in property improvements and optimizing tenant mix, the company aims to create attractive and dynamic shopping environments that meet the evolving needs of consumers and the surrounding communities.