Phillips Edison & Company’s operating partnership, Phillips Edison Grocery Center Operating Partnership I, L.P., priced a $350 million aggregate principal amount of 4.750% senior unsecured notes due March 15 2033 on February 24 2026. The notes were priced at 99.920% of principal and are fully guaranteed by PECO.
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PECO announced that it will pay a monthly dividend of $0.1083 per share for the months of April, May, and June 2026. The dividend will be payable on April 1, May 1, and June 2, with record dates of March 16, April 15, and May 15, respectively. The company clarified that this is not the first time it has issued monthly dividends; it has been paying monthly dividends for several years, with a dividend of $0.108 per share issued before January 15, 2026, and 12 monthly dividends paid in the past year.
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PECO reported a net income of $47.5 million for the fourth quarter of 2025, up 10.0 % from $18.1 million in Q4 2024, and $111.3 million for the full year, a 77.6 % increase over $62.7 million in 2024. Core Funds From Operations (FFO) reached $0.66 per diluted share in Q4, a 7.7 % rise from $0.62 in the prior year, and $2.60 per share for the year, up 2.4 % from $2.54 in 2024. Revenue for the quarter was $187.9 million, beating the consensus estimate of $186.5 million by $1.4 million, while full‑year revenue of $1.87 billion surpassed the $1.86 billion estimate by $10 million.
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