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Phillips Edison Grocery Center REIT II Reports 2015 Financial Results

March 11, 2016

Mar 10 2016 | by DI Wire

Phillips Edison Grocery Center REIT II Inc., a publicly registered, non-traded real estate investment trust, released its operating results for the year ended December 31, 2015.

On September 15, 2015, Phillips Edison Grocery Center REIT II, which intended to raise $2 billion in its initial public offering, terminated early after raising $1.1 billion. The unsold shares were reallocated to its distribution reinvestment plan, which the company continues to offer to investors.

In 2015, the company generated a net loss of $6.7 million, compared to a net loss of $5.8 million for the comparable 2014 period. The company generated modified funds from operations of $28.6 million, compared to MFFO of $2.7 million for the comparable 2014 period. This growth was primarily the result of additional property acquisitions, according to the company.

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Gordon Dunne
September 30, 2019

“Always, but especially in this day of lawsuits and ever increasing regulations, the responsibility for a financial advisor t do their own due diligence on products they sell falls squarely on themselves. No one is going to take greater interest in protecting their practice than they are. We use the Blue Vault Partners Nontraded REIT Review to keep us informed of the performance of every single nontraded REIT. Finally, complete transparency is available for advisors using nontraded REITs. Every advisor using REITs in their practice should make the small annual investment of subscribing to Blue Vault’s reporting services.”