Phillips Edison REIT Launches Plan For IPO

Seeking Alpha

Posted In — News & Press | In the News

Phillips Edison & Company (PECO) has filed to raise $100 million in an IPO, according to an S-11 registration statement.

The firm acquires and operates primarily grocery-anchored neighborhood shopping center properties.

According to a 2020 research report by Kidder Mathews, shopping centers have been affected by the rise in e-commerce activity but the expected fall in demand for space has generally been mild, COVID-19 pandemic notwithstanding.

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