Phillips Edison: Tax Reporting Insights for Shareholders in 2024
Understanding the 2024 Tax Reporting Information from Phillips Edison
CINCINNATI — Phillips Edison & Company, Inc. (NASDAQ: PECO), known for being one of the largest owners and operators of grocery-anchored neighborhood shopping centers in the United States, has made significant strides in providing clarity regarding its tax reporting for 2024 distributions. Investors are crucial to the company's ongoing success, and understanding tax implications is vital for them.
Key Tax Reporting Details for Shareholders
For those holding common stock, here are important details to note regarding the tax reporting for distributions as will be reflected on Form 1099-DIV. The following indicates various distribution components, which include record dates, payable dates, and distributions per share.
Distribution Breakdown
Here is how the tax distribution information breaks down:
Common Shares Under CUSIP 71844V201
Distribution Details:
- Record Date: 12/15/2023
- Payable Date: 1/2/2024
- Total Distribution per Share: $0.097500
- Ordinary Dividends: $0.075454
- Return of Capital (Nontaxable Distribution): $0.022046
Additional entries will mirror this structure throughout the year, with distributions continuing to reflect PECO's commitment to investor transparency and compliance.
Pursuing Transparent Communication
Phillips Edison believes strongly in maintaining open lines of communication with investors. The company adheres to the U.S. Treasury Regulations while ensuring that tax-related disclosures align with the Internal Revenue Code. For 2024, the values related to applicable partnership interests are reported as $0.00.
Why This Matters
Understanding these details is critical for investors, as they directly impact tax decisions and portfolio management strategies. It reflects PECO’s commitment to maintaining an informed shareholder base, enabling better financial planning and assessment of future earnings potential.
Broader Company Insights and Community Focus
Phillips Edison & Company remains dedicated to building a national presence through its 311 shopping centers across 31 states. By providing quality goods and services, concentrated on necessity-based offerings, PECO has positioned itself to enhance community value. The centers are anchored by prominent grocery retailers such as Kroger, Publix, and Albertsons, which fortify PECO's reputation.
Connecting with PECO
Investors are encouraged to stay updated through PECO's investor relations platforms. This proactive engagement not only builds trust but significantly enhances the investor experience.
Frequently Asked Questions
1. What is the overall importance of the tax reporting for Phillips Edison investors?
The tax reporting outlines the financial implications for shareholders, guiding their investment strategies and tax planning.
2. Where can I find more information about my distribution details?
Investors can access detailed information through the Phillips Edison Investors website and Form 1099-DIV.
3. How does Phillips Edison ensure transparency with its shareholders?
Through regular updates and compliance with IRS guidelines, PECO maintains transparent communication with its shareholders.
4. What types of goods do Phillips Edison shopping centers typically offer?
The shopping centers focus on grocery-anchored retail, featuring essential items alongside various services from well-known businesses.
5. How can I reach investor relations at Phillips Edison?
Investors can contact Phillips Edison by emailing InvestorRelations@phillipsedison.com for inquiries regarding their investments and distributions.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.
