Phillips Edison & Company is a publicly traded real estate investment trust that owns and operates grocery-anchored neighborhood shopping centers across the United States. Co-founded by Mike Phillips and Jeff Edison in 1991, the company began by acquiring its first property in 1992 and built its portfolio through a series of private funds before launching non-traded REITs in 2010 and 2013. Phillips Edison went public in July 2021, listing on the Nasdaq under the ticker symbol PECO.
The company focuses on open-air neighborhood centers anchored by supermarkets and daily-needs retailers. Its portfolio features centers where the anchor grocery tenant ranks as the number one or two grocer by sales within their respective trade areas. The company operates through a vertically integrated platform that handles acquisitions, leasing, property management, and redevelopment internally.
Phillips Edison's geographic footprint includes exposure to high-growth Sun Belt markets. Top market concentrations include Atlanta, Chicago, Dallas, Houston, and Sacramento
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