Phillips Edison & Co. Showcases Grocery-Anchored Shopping Center Strategy in New Investor Presentation
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Phillips Edison & Co. Inc. (PECO), a retail REIT, showcased its strategy focusing on grocery-anchored shopping centers in a recent investor presentation. The company manages 328 properties with a total of 34 million square feet, achieving 95% of its annualized base rent from these centers. PECO reported a 98% occupancy rate and an enterprise value over $7.2 billion. The firm highlighted its neighborhood centers' contribution to net operating income and its development pipeline, with a net debt to adjusted EBITDAre ratio of 5.3x and a dividend yield of 3.7%.
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