Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. is a real estate investment trust (REIT) that owns and operates omni-channel grocery-anchored shopping centers. Founded 35 years ago, the company is one of the nation's largest owners and operators in this sector. Additionally, it manages a third-party investment business, offering property management and advisory services to three unconsolidated institutional joint ventures, where it holds partial ownership, and one private fund, collectively known as the Managed Funds. The majority of the company's revenues come from lease revenues generated by its real estate investments. Its portfolio mainly comprises neighborhood centers anchored by the #1 or #2 grocer tenants by sales within their respective formats by trade area. As of December 31, 2025, the portfolio was 97.3% leased. Tenants, referred to as "Neighbors," include national, regional, and local retailers primarily offering necessity-based goods and services. The company's locations are in demographic markets across the United States, and its physical assets support Neighbors' omni-channel strategies and serve as a last-mile delivery solution. Phillips Edison & Company, Inc. was formed as a Maryland corporation in October 2009 and elected to be taxed as a REIT for U.S. federal income tax purposes. Substantially all business is conducted through Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership formed in December 2009. The company is a limited partner, and its wholly-owned subsidiary, Phillips Edison Grocery Center OP GP I LLC, is the sole general partner. As of December 31, 2025, the company wholly-owned 297 shopping centers.