Phillips Edison Grocery Center Operating Partnership I LP, founded in 1991 and based in Cincinnati, Ohio, focuses on the acquisition, development, and management of grocery-anchored shopping centers across the United States. The company primarily serves the retail real estate market, offering a portfolio of high-quality properties that cater to daily shopping needs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PECO 2.63% 2031-11-15 USDPhillips Edison Grocery Center Operating Partnership I LP | United States | 2031-11-15 | 2.625 | 4.52 |
| PECO 4.95% 2035-01-15 USDPhillips Edison Grocery Center Operating Partnership I LP | United States | 2035-01-15 | 4.950 | 4.96 |
| PECO 5.25% 2032-08-15 USDPhillips Edison Grocery Center Operating Partnership I LP | United States | 2032-08-15 | 5.250 | 4.63 |
| PECO 5.75% 2034-07-15 USDPhillips Edison Grocery Center Operating Partnership I LP | United States | 2034-07-15 | 5.750 | 4.86 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The partnership began issuing bonds in 2013, with a notable issuance of $300 million in senior unsecured notes in 2019, which was used to refinance existing debt and fund acquisitions. Current yields on these bonds are competitive within the retail REIT sector, reflecting the stability of grocery-anchored assets. Additionally, the partnership's bonds feature call options, providing flexibility amidst fluctuating market conditions. Recent market developments indicate a robust demand for grocery-anchored properties, contributing to positive investor sentiment in bond offerings.