Phillips Edison & Company, Inc. (PECO) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Phillips Edison & Company, Inc. on October 30, 2024. The filing primarily addresses Item 7.01 (Regulation FD Disclosure) regarding the declaration of quarterly distributions to stockholders and operating partnership unit holders.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial data disclosed is the distribution rate:
- Distribution Amount: $0.1025 per share per month.
- Coverage Period: November and December 2024, and January and February 2025.
Material Changes
This filing announces a new declaration of distributions for the upcoming four-month period. No comparative financial data or material changes to prior period results are included in this specific report.
Guidance, Outlook, and Management Commentary
Management has approved distributions for the specified months with the following payment schedule:
- November 2024 Distribution: Payable December 3, 2024 (Record Date: November 15, 2024).
- December 2024 Distribution: Payable January 3, 2025 (Record Date: December 16, 2024).
- January 2025 Distribution: Payable February 4, 2025 (Record Date: January 15, 2025).
- February 2025 Distribution: Payable March 4, 2025 (Record Date: February 18, 2025).
Operating partnership unit holders receive distributions at the same rate as common stockholders, subject to required tax withholding. The filing explicitly states that the information is furnished and not "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the record dates (November 15, December 16, January 15, and February 18) to ensure eligibility for the respective distributions.
- Confirm the payment dates (December 3, January 3, February 4, and March 4) for cash flow planning.
- Review the attached Exhibit 99.1 (Press Release) for any additional context regarding the distribution policy.
- Note that this filing does not contain updated revenue, earnings, or balance sheet data; refer to the most recent 10-Q or 10-K for those metrics.