Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the
“Company”), one of the nation’s largest owners and operators of
grocery-anchored neighborhood shopping centers, today announced its
tax reporting information for the 2023 dividend distributions to
holders of its common stock.
The tax reporting information as it will be
reported on the Form 1099-DIV, on a per share basis, is as
follows:
Nasdaq-Listed Common Shares; CUSIP
71844V201
RecordDate |
PayableDate |
TotalDistributionper Share |
OrdinaryDividends |
TotalCapitalGainDistribution |
UnrecapturedSection 1250Gain (1) |
Return ofCapital(NontaxableDistribution) |
Section 199ADistributions |
12/15/2022 |
|
1/3/2023 |
|
0.093300 |
|
0.070782 |
|
0.000067 |
|
- |
|
0.022451 |
|
0.070782 |
|
1/17/2023 |
|
2/1/2023 |
|
0.093300 |
|
0.070782 |
|
0.000067 |
|
- |
|
0.022451 |
|
0.070782 |
|
2/21/2023 |
|
3/1/2023 |
|
0.093300 |
|
0.070782 |
|
0.000067 |
|
- |
|
0.022451 |
|
0.070782 |
|
3/15/2023 |
|
4/3/2023 |
|
0.093300 |
|
0.070782 |
|
0.000067 |
|
- |
|
0.022451 |
|
0.070782 |
|
4/17/2023 |
|
5/1/2023 |
|
0.093300 |
|
0.070782 |
|
0.000067 |
|
- |
|
0.022451 |
|
0.070782 |
|
5/19/2023 |
|
6/1/2023 |
|
0.093300 |
|
0.070782 |
|
0.000067 |
|
- |
|
0.022451 |
|
0.070782 |
|
6/15/2023 |
|
7/3/2023 |
|
0.093300 |
|
0.070782 |
|
0.000067 |
|
- |
|
0.022451 |
|
0.070782 |
|
7/17/2023 |
|
8/1/2023 |
|
0.093300 |
|
0.070782 |
|
0.000067 |
|
- |
|
0.022451 |
|
0.070782 |
|
8/18/2023 |
|
9/1/2023 |
|
0.093300 |
|
0.070782 |
|
0.000067 |
|
- |
|
0.022451 |
|
0.070782 |
|
9/15/2023 |
|
10/2/2023 |
|
0.097500 |
|
0.073968 |
|
0.000070 |
|
- |
|
0.023462 |
|
0.073968 |
|
10/16/2023 |
|
11/1/2023 |
|
0.097500 |
|
0.073968 |
|
0.000070 |
|
- |
|
0.023462 |
|
0.073968 |
|
11/17/2023 |
|
12/1/2023 |
|
0.097500 |
|
0.073968 |
|
0.000070 |
|
- |
|
0.023462 |
|
0.073968 |
|
(1) Represents additional
characterization of amounts included in Total Capital Gain
Distribution
Pursuant to U.S. Treas. Reg. §1.1061-6(c), the
Company reports that for purposes of §1061 of the Internal Revenue
Code, the One Year Amounts Disclosure and the Three-Year Amounts
Disclosure are $0.00 with respect to direct and
indirect holders of “applicable partnership interests.”
Connect with PECO For
additional information, please visit
https://www.phillipsedison.com/
Follow PECO on:Twitter at
https://twitter.com/PhillipsEdison Facebook at
https://www.facebook.com/phillipsedison.co Instagram at
https://www.instagram.com/phillips.edison/; and Find PECO on
LinkedIn at
https://www.linkedin.com/company/phillipsedison&company
About Phillips Edison &
CompanyPhillips Edison & Company, Inc. (“PECO”) is one
of the nation’s largest owners and operators of omni-channel
grocery-anchored shopping centers. Founded in 1991, PECO has
generated strong results through its vertically-integrated
operating platform and national footprint of well-occupied shopping
centers. PECO’s centers feature a mix of national and regional
retailers providing necessity-based goods and services in
fundamentally strong markets throughout the United States. PECO’s
top grocery anchors include Kroger, Publix, Albertsons and Ahold
Delhaize. As of September 30, 2023, PECO managed 295 shopping
centers, including 275 wholly-owned centers comprising 31.4 million
square feet across 31 states and 20 shopping centers owned in one
institutional joint venture. PECO is exclusively focused on
creating great omni-channel, grocery-anchored shopping experiences
and improving communities, one neighborhood shopping center at a
time.
PECO uses, and intends to continue to use, its
Investors website, which can be found at
https://investors.phillipsedison.com, as a means of disclosing
material nonpublic information and for complying with its
disclosure obligations under Regulation FD.
Forward-Looking StatementsThis press release
contains certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. The Company
intends such forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995 and includes this
statement for purposes of complying with the safe harbor
provisions. Such forward-looking statements can generally be
identified by the Company’s use of forward-looking terminology such
as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,”
“believe,” “continue,” “seek,” “objective,” “goal,” “strategy,”
“plan,” “focus,” “priority,” “should,” “could,” “potential,”
“possible,” “look forward,” “optimistic,” or other similar words.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. Such statements include, but are not limited to (a)
statements about the Company’s plans, strategies, initiatives, and
prospects, (b) statements about the Company’s acquisitions,
acquisition strategy and objectives and potential benefits from
such acquisitions and (c) statements about the Company’s Unlevered
IRR. Such statements are subject to known and unknown risks and
uncertainties, which could cause actual results to differ
materially from those projected or anticipated, including, without
limitation: (i) changes in national, regional, or local economic
climates; (ii) local market conditions, including an oversupply of
space in, or a reduction in demand for, properties similar to those
in the Company’s portfolio; (iii) vacancies, changes in market
rental rates, and the need to periodically repair, renovate, and
re-let space; (iv) competition from other available shopping
centers and the attractiveness of properties in the Company’s
portfolio to its tenants; (v) the financial stability of the
Company’s tenants, including, without limitation, their ability to
pay rent; (vi) the Company’s ability to pay down, refinance,
restructure, or extend its indebtedness as it becomes due; (vii)
increases in the Company’s borrowing costs as a result of changes
in interest rates and other factors; (viii) potential liability for
environmental matters; (ix) damage to the Company’s properties from
catastrophic weather and other natural events, and the physical
effects of climate change; (x) the Company’s ability and
willingness to maintain its qualification as a REIT in light of
economic, market, legal, tax, and other considerations; (xi)
changes in tax, real estate, environmental, and zoning laws; (xii)
information technology security breaches; (xiii) the Company’s
corporate responsibility initiatives; (xiv) loss of key executives;
(xv) the concentration of the Company’s portfolio in a limited
number of industries, geographies, or investments; (xvi) the
economic, political, and social impact of, and uncertainty relating
to, pandemics or other health crises; (xvii) the Company’s ability
to re-lease its properties on the same or better terms, or at all,
in the event of non-renewal or in the event the Company exercises
its right to replace an existing tenant; (xviii) the loss or
bankruptcy of the Company’s tenants; (xix) to the extent the
Company is seeking to dispose of properties, the Company’s ability
to do so at attractive prices or at all; and (xx) the impact of
inflation on the Company and on its tenants. Additional important
factors that could cause actual results to differ are described in
the filings made from time to time by the Company with the SEC and
include the risk factors and other risks and uncertainties
described in the Company’s 2022 Annual Report on Form 10-K, filed
with the SEC on February 21, 2023, as updated from time to time in
the Company’s periodic and/or current reports filed with the SEC,
which are accessible on the SEC’s website at www.sec.gov.
Therefore, such statements are not intended to be a guarantee of
the Company’s performance in future periods.
Except as required by law, the Company does not undertake any
obligation to update or revise any forward-looking statement,
whether as a result of new information, future events, or
otherwise.
Investors Phillips Edison &
Company, Inc. InvestorRelations@phillipsedison.com
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