# Phillips Edison & Company, Inc. (PECO) — capital_raise/atm_program [announced]
Source: SEC API (secapi.ai) · situation sit_6f33d69ca51e937edb18 · retrieved 2026-08-14T01:28:17.647Z

## Overview
Phillips Edison & Company, Inc. is a real estate investment trust (REIT) that owns and operates grocery-anchored shopping centers.

Phillips Edison & Company, Inc. and its operating partnership entered into a sales agreement on August 10, 2026 with 14 financial institutions (Morgan Stanley, BMO Capital Markets, BofA Securities, BTIG, Capital One Securities, Citigroup Global Markets, Fifth Third Securities, Goldman Sachs, Jefferies, J.P. Morgan Securities, KeyBanc Capital Markets, Mizuho Securities USA, Regions Securities, and Wells Fargo Securities) to offer and sell up to $400.0 million in aggregate offering price of the Company's common stock ($0.01 par value) on an at-the-market (ATM) basis. The agents will act as sales agents, forward sellers, and/or principals. The Company may also enter into forward sale agreements with certain forward purchasers, whereby the forward purchasers will borrow and sell shares through the agents to hedge their exposure. Commissions to agents acting as sales agents will not exceed 2.0% of gross sales price, and compensation to forward sellers will be reflected in a reduction not to exceed 2.0% from the initial forward price. Net proceeds will be contributed to the operating partnership for debt repayment, property acquisitions, and general corporate purposes.

## Terms
- Counterparty: Morgan Stanley & Co. LLC, BMO Capital Markets Corp., BofA Securities, Inc., BTIG, LLC, Capital One Securities, Inc., Citigroup Global Markets Inc., Fifth Third Securities, Inc., Goldman Sachs & Co. LLC, Jefferies LLC, J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, Regions Securities LLC, Wells Fargo Securities, LLC · Deal value: $400.0M · Consideration: stock

## Key dates
- Announced 2026-08-10

## Timeline
- 2026-08-10 · 8-K (0001476204-26-000042): 8-K - Phillips Edison & Company, Inc. — *Phillips Edison & Company, Inc. is a real estate investment trust (REIT) that owns and operates grocery-anchored shopping centers.* Phillips Edison & Company, Inc. and its operating partnership entered into a sales agreement on August 10, 2026 with 14 financial institutions (Morgan Stanley, BMO Capital Markets, BofA Securities, BTIG, Capital One Securities, Citigroup Global Markets, Fifth Third Securities, Goldman Sachs, Jefferies, J.P. Morgan Securities, KeyBanc Capital Markets, Mizuho Securities USA, Regions Securities, and Wells Fargo Securities) to offer and sell up to $400.0 million in aggregate offering price of the Company's common stock ($0.01 par value) on an at-the-market (ATM) basis. The agents will act as sales agents, forward sellers, and/or principals. The Company may also enter into forward sale agreements with certain forward purchasers, whereby the forward purchasers will borrow and sell shares through the agents to hedge their exposure. Commissions to agents acting as sales agents will not exceed 2.0% of gross sales price, and compensation to forward sellers will be reflected in a reduction not to exceed 2.0% from the initial forward price. Net proceeds will be contributed to the operating partnership for debt repayment, property acquisitions, and general corporate purposes.
  https://www.sec.gov/Archives/edgar/data/1476204/0001476204-26-000042.txt

## Citations
- 0001476204-26-000042 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000147620426000042