Phillips Edison & Company’s Total Stockholder Distributions Surpass $1 Billion
February 20, 2019 | Business Wire
Phillips Edison & Company, Inc. (“PECO” or the “Company”), an internally-managed real estate investment trust (“REIT”) and one of the nation’s largest owners and operators of grocery-anchored shopping centers, together with recently acquired Phillips Edison Grocery Center REIT II, Inc., has surpassed $1 billion of total stockholder distributions. This milestone was achieved during the fourth quarter of 2018.
As of February 2, 2019, PECO has made regular stockholder distributions in 98 consecutive months, demonstrating the continued stability of its highly-occupied shopping centers and the underlying strength of grocery-anchored real estate.
From inception (August 2010), a $10,000 investment in PECO (previously known as Phillips Edison Grocery Center REIT I, Inc.) would have grown to $19,184 as of January 31, 2019, assuming distributions were reinvested. This represents a compounded annual return of approximately 8.0%.