Phillips Edison & Company Inc.

PECO

Phillips Edison is one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers. Grocery-anchored neighborhood shopping centers have been our primary focus since we started our business in 1991, and we believe this focus has generated superior growth and attractive risk-adjusted returns over time.

Our portfolio primarily consists of neighborhood centers anchored by the #1 or #2 grocer tenants by sales within their respective formats by trade area. As of March 31, 2021, our portfolio was 94.8% occupied. Our tenants, who we refer to as “Neighbors,” are a mix of national, regional, and local retailers that primarily provide necessity-based goods and services.
 

Offer Price Offer Size 3-Year Outlook Volatility 1st Day Turnover
$28.00 17,000,000 Positive High 39.5%

Offering Team

Deal Managers

  • Morgan Stanley
  • Bank of America Merrill Lynch
  • J P Morgan Chase

Lawyers

  • Latham & Watkins LLP

Auditors

  • Deloitte & Touche LLP

Pre-IPO Investors

Investors

  • Google Ventures
  • Intel Ventures
  • Patricoff Ventures
  • Kleiner Perkins

Pre-IPO Holdings(%)

  • 30
  • 20
  • 05
  • 18

Deal Highlights

Deal Tracker

Investors

Filing

07 Jul, 2021

Offer

15 Jul, 2021

Look Ahead

Lock Up Expiry

15 Jan, 2022

Earning

Nov 1, 2018

IPO Terms

Offer Price $28.00
Offer Size 17M

Market Sentiments

Stock Price