Phillips Edison Management

Management criteria checks 3/4

Phillips Edison's CEO is Jeff Edison, appointed in Dec 2009, has a tenure of 14.92 years. total yearly compensation is $7.15M, comprised of 12.7% salary and 87.3% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth €11.44M. The average tenure of the management team and the board of directors is 6.5 years and 5.5 years respectively.

Key information

Jeff Edison

Chief executive officer

US$7.1m

Total compensation

CEO salary percentage	12.7%
CEO tenure	14.9yrs
CEO ownership	0.2%
Management average tenure	6.5yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeff Edison's remuneration changed compared to Phillips Edison's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$58m
Jun 30 2024	n/a	n/a	US$59m
Mar 31 2024	n/a	n/a	US$58m
Dec 31 2023	US$7m	US$907k	US$57m
Sep 30 2023	n/a	n/a	US$57m
Jun 30 2023	n/a	n/a	US$56m
Mar 31 2023	n/a	n/a	US$55m
Dec 31 2022	US$7m	US$880k	US$48m
Sep 30 2022	n/a	n/a	US$29m
Jun 30 2022	n/a	n/a	US$33m
Mar 31 2022	n/a	n/a	US$25m
Dec 31 2021	US$9m	US$847k	US$15m
Sep 30 2021	n/a	n/a	US$9m
Jun 30 2021	n/a	n/a	US$6m
Mar 31 2021	n/a	n/a	-US$5m
Dec 31 2020	US$6m	US$752k	US$5m
Sep 30 2020	n/a	n/a	US$20m
Jun 30 2020	n/a	n/a	-US$18m
Mar 31 2020	n/a	n/a	-US$49m
Dec 31 2019	US$13m	US$838k	-US$64m
Sep 30 2019	n/a	n/a	-US$2m
Jun 30 2019	n/a	n/a	US$10m
Mar 31 2019	n/a	n/a	US$36m
Dec 31 2018	US$7m	US$725k	US$39m
Sep 30 2018	n/a	n/a	-US$56m
Jun 30 2018	n/a	n/a	-US$51m
Mar 31 2018	n/a	n/a	-US$41m
Dec 31 2017	US$758k	US$412k	-US$38m

Compensation vs Market: Jeff's total compensation ($USD7.15M) is above average for companies of similar size in the German market ($USD3.43M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.

CEO

Jeff Edison (63 yo)

14.9yrs

Tenure

US$7,146,228

Compensation

Mr. Jeffrey S. Edison, also known as Jeff, is the Founding Partner at Phillips Edison & Company and has been its Principal since 1995. Mr. Edison served as Chairman and Chief Executive Officer at Phillips...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jeffrey Edison	Chairman & CEO	14.9yrs	US$7.15m	0.23% € 11.4m
Robert Myers	President	less than a year	US$2.42m	0.024% € 1.2m
John Caulfield	CFO, Executive VP & Treasurer	5.3yrs	US$1.61m	0.018% € 898.1k
Tanya Brady	Executive VP	9.8yrs	US$1.16m	0.014% € 678.1k
Joseph Schlosser	Executive VP & COO	less than a year	no data	no data
Jennifer Robison	Senior VP & Chief Accounting Officer	9.7yrs	no data	0.016% € 773.3k
Gary Bailey	Senior VP & Chief Information Officer	less than a year	no data	no data
Kim Green	Vice President of Investor Relations	no data	no data	no data
Cherilyn Megill	Senior VP & Chief Marketing Officer	7.8yrs	no data	no data
Keith Rummer	Senior VP & Chief People Officer	no data	no data	no data
Sigrid Campbell	Vice President of PECO Capital	no data	no data	no data
Hal Scudder	Senior Vice President of PECO Capital	no data	no data	no data

6.5yrs

Average Tenure

50yo

Average Age

Experienced Management: 9R4's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jeffrey Edison	Chairman & CEO	14.9yrs	US$7.15m	0.23% € 11.4m
Tse Chao	Lead Independent Director	14.3yrs	US$263.14k	0.040% € 2.0m
Stephen Quazzo	Independent Director	11yrs	US$195.64k	0.036% € 1.8m
Gregory Wood	Independent Director	8.6yrs	US$206.89k	0.020% € 966.6k
Devin Murphy	Director	less than a year	US$2.34m	0.011% € 545.9k
John Strong	Independent Director	6yrs	US$210.64k	0.017% € 842.8k
Jane Silfen	Independent Director	5yrs	US$194.39k	0.015% € 746.7k
Elizabeth Fischer	Independent Director	5yrs	US$214.39k	0.015% € 746.7k
Anthony Terry	Independent Director	1.1yrs	US$71.23k	0.0041% € 203.2k
Parilee Wang	Non-Independent Director	1.4yrs	US$128.82k	0.020% € 1.0m

5.5yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 9R4's board of directors are considered experienced (5.5 years average tenure).

Phillips Edison Management

Management criteria checks 3/4

Key information

Recent management updates

Phillips Edison & Company, Inc. Announces the Appointment of Devin Murphy to Board of Directors

Phillips Edison & Company, Inc. Appoints Anthony “Tony” Terry as an Independent Director, Effective October 30, 2023

Phillips Edison & Company, Inc. Appoints Parilee Edison Wang to Board of Directors

Insufficient new directors

Independent Director recently sold €294k worth of stock

Recent updates

Dividend of US$0.10 announced

Phillips Edison & Company, Inc. Declares Monthly Dividend Distribution, Payable on December 3, 2024; January 3, 2025; February 4, 2025; and March 4, 2025 Respectively

Third quarter 2024 earnings released: EPS: US$0.09 (vs US$0.10 in 3Q 2023)

New minor risk - Shareholder dilution

Now 20% undervalued

Upcoming dividend of US$0.10 per share

Phillips Edison & Company, Inc. to Report Q3, 2024 Results on Oct 24, 2024

Dividend of US$0.10 announced

New minor risk - Shareholder dilution

Dividend of US$0.10 announced

Phillips Edison & Company Increases Monthly Dividend Distribution, Payable October 1, 2024 and November 1, 2024

New minor risk - Shareholder dilution

Dividend of US$0.098 announced

Phillips Edison & Company, Inc. Declares Monthly Dividend Distribution, Payable on September 4, 2024

Second quarter 2024 earnings released: EPS: US$0.12 (vs US$0.12 in 2Q 2023)

Phillips Edison & Company, Inc. Updates Earnings Guidance for the Full Year 2024

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

Upcoming dividend of US$0.098 per share

Phillips Edison & Company, Inc. Announces the Appointment of Devin Murphy to Board of Directors

Phillips Edison & Company, Inc. to Report Q2, 2024 Results on Jul 25, 2024

Dividend of US$0.098 announced

New minor risk - Shareholder dilution

Upcoming dividend of US$0.098 per share

Now 20% undervalued after recent price drop

Dividend of US$0.098 announced

Dividend of US$0.098 announced

Phillips Edison & Company, Inc. Declares Monthly Dividend Distributions, Payable on June 4, 2024; July 2, 2024; and August 1, 2024

Phillips Edison & Company, Inc. (NasdaqGS:PECO) acquired 74,234 square foot shopping center anchored by Publix located in an Orlando for $26.1 million.

First quarter 2024 earnings released: EPS: US$0.14 (vs US$0.14 in 1Q 2023)

Upcoming dividend of US$0.098 per share

Phillips Edison & Company, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Dividend of US$0.098 announced

New minor risk - Shareholder dilution

Upcoming dividend of US$0.098 per share

Dividend of US$0.098 announced

Phillips Edison & Company, Inc. Declares Monthly Dividend Distributions, Payable on April 1, 2024 and May 1, 2024 Respectively

Phillips Edison & Company, Inc. has filed a Follow-on Equity Offering in the amount of $250 million.

New minor risk - Shareholder dilution

Full year 2023 earnings released: EPS: US$0.48 (vs US$0.42 in FY 2022)

Phillips Edison & Company, Inc. Revises Earnings Guidance for the Full Year 2024

Upcoming dividend of US$0.098 per share at 3.3% yield

Phillips Edison & Company, Inc. to Report Q4, 2023 Results on Feb 08, 2024

Upcoming dividend of US$0.098 per share at 3.3% yield

Upcoming dividend of US$0.098 per share at 3.3% yield

Phillips Edison & Company Declares Monthly Dividend Distributions, Payable on December 1, 2023; January 2, 2024; February 1, 2024; and March 1, 2024 Respectively

New minor risk - Shareholder dilution

Phillips Edison & Company, Inc. Revises Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: EPS: US$0.10 (vs US$0.095 in 3Q 2022)

Upcoming dividend of US$0.098 per share at 3.5% yield

Phillips Edison & Company, Inc. to Report Q3, 2023 Results on Oct 31, 2023

Phillips Edison & Company, Inc. Appoints Anthony “Tony” Terry as an Independent Director, Effective October 30, 2023

Phillips Edison & Company, Inc. Announces Monthly Dividend Distributions, Payable on October 2, 2023 and November 1, 2023

Phillips Edison & Company, Inc. (NasdaqGS:PECO) acquired Lake Pointe Market from Main Street Investment Company.

Phillips Edison & Company, Inc. Declares Monthly Dividend Distribution, Payable on September 1, 2023

Phillips Edison & Company, Inc. Revises Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.12 (vs US$0.12 in 2Q 2022)

Upcoming dividend of US$0.093 per share at 3.4% yield

Phillips Edison & Company, Inc. Appoints Parilee Edison Wang to Board of Directors

Phillips Edison & Company, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Upcoming dividend of US$0.093 per share at 3.6% yield

Phillips Edison & Company, Inc. Declares Monthly Dividend Distributions, Payable on June 1, 2023, July 3, 2023 and August 1, 2023

Phillips Edison & Company, Inc. Affirms Earnings Guidance for the Year 2023

First quarter 2023 earnings released: FFO per share: US$0.7 (vs US$0.62 in 1Q 2022)

Upcoming dividend of US$0.093 per share at 3.5% yield

Upcoming dividend of US$0.093 per share at 3.4% yield

Phillips Edison & Company, Inc. (NasdaqGS:PECO) acquired Chinoe Center, a 112,000 Square Foot Shopping Center Anchored by Kroger in Lexington, Kentucky.

Full year 2022 earnings released: EPS: US$0.42 (vs US$0.15 in FY 2021)

Phillips Edison & Company, Inc. (NasdaqGS:PECO) acquired Chinoe Center, a 112,000 Square Foot Shopping Center Anchored by Kroger in Lexington, Kentucky.

Upcoming dividend of US$0.093 per share