Phillips Edison & Company, Inc. (PECO) Form 424B5 — Aug 10, 2026
Phillips Edison & Company filed a prospectus supplement on August 10, 2026 establishing a new at-the-market equity program to sell up to $400.0 million of common stock through 15 sales agents including Morgan Stanley, BofA Securities, Goldman Sachs and J.P. Morgan, with the option to execute sales via forward sale agreements. Shares may be sold at prevailing market prices on Nasdaq, where the stock last traded at $40.01 on August 10, 2026. Agents earn commissions of up to 2.0% of gross sales prices, and the company expects total offering expenses of no more than $500,000.
Key figures
- Gross Proceeds
- Up to $400.0 million aggregate offering price
- Offering Price
- $40.01 last reported Nasdaq sale price (August 10, 2026); ATM sales at prevailing market prices
- Revolver Rate
- SOFR plus 0.735% (as of July 31, 2026)
- Revolver Maturity
- January 9, 2029 (extendable at company option to January 9, 2030)
- Agent Commission Max
- 2.0% of gross sales price
- Reit Ownership Limit
- 9.8% of outstanding common stock by value or number of shares
- Max Offering Expenses
- $500,000
- Revolver Borrowings Outstanding
- $82 million (as of July 31, 2026)
- Shares Outstanding Per Base Prospectus
- 125,176,757 (as of February 3, 2025)
Price after filing
Close on the filing date to close N calendar days later (from $40.01). Historical, not a forecast.
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