Phillips Edison & Company - Atlanta, GA

Phillips Edison & Company is a publicly traded REIT that owns and operates grocery-anchored neighborhood shopping centers across the United States. Founded in 1991 by Mike Phillips and Jeff Edison, the company operates under the ticker symbol PECO on the Nasdaq. The firm maintains a vertically integrated platform with in-house leasing, property management, accounting, acquisitions, dispositions, development, and financing teams headquartered in Cincinnati, Ohio, with additional offices in Park City, Utah and Atlanta, Georgia. The company focuses on omni-channel grocery-anchored shopping centers featuring a mix of national, regional, and local retailers providing necessity-based goods and services. As of June 30, 2026, Phillips Edison managed 330 shopping centers totaling 37.4 million square feet of gross leasable area across 31 states, with a total enterprise value of $8.4 billion. The portfolio includes 302 wholly owned centers and 28 centers held through three institutional joint ventures. The company's top grocery anchors include Kroger, Publix, Albertsons, and Ahold Delhaize, with 83% of annualized base rent derived from centers anchored by the number one or number two grocer by sales in their respective markets. Phillips Edison went public in July 2021 following a series of non-traded REIT offerings and strategic mergers, including the 2018 merger with Phillips Edison Grocery Center REIT II. The company maintains a disciplined acquisition strategy, completing over $300 million in net acquisitions during 2024, including 14 shopping centers. Geographic concentration includes markets in Atlanta, Chicago, Minneapolis/St. Paul, Dallas, and Houston, with Florida, California, and Texas representing the top three states by annualized base rent. The portfolio maintains 97.3% leased occupancy and generates 74% of annualized base rent from necessity-based tenants.