Phillips Edison & Company Wins Top AI Award at Realcomm Conference
July 15 2024 - 4:05PM
Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of
the nation’s largest owners and operators of grocery-anchored
neighborhood shopping centers, was honored June 20 at the 2024
Realcomm Conference in Tampa with a Digie Award. PECO was awarded
for its achievements in integrating artificial intelligence into
its business operations to create efficiencies, enhance
productivity and collaboration and support growth
initiatives. PECO’s in-house developed AI solutions
demonstrate the Company’s commitment to innovation, automation
and excellence in the commercial real estate sector.
The Commercial Real Estate Digital Innovation Awards, known as
the Digie Awards, are industry-leading awards that, since 1999,
have honored outstanding companies, real estate projects,
technologies and the next generation of smart, connected,
high-performance and intelligent-building systems. Awards are given
for Best Use of Automation, Best Tech Innovation, Rising Stars and
Lifetime Achievement. This year, an inaugural award was given for
Best Use of AI, and PECO won top honors from a field of finalists.
This is PECO’s third Digie Award.
This distinction recognizes the AI projects that have made
significant contributions to improving buildings, portfolios and
cities through technology and innovation.
Jeff Edison, Chairman and Chief Executive Officer stated,
“PECO’S IT team is pioneering AI advancements that foster
cross-functional collaboration. We are cultivating a culture where
AI is a catalyst for growth. This award is a meaningful and
well-deserved recognition for our team as they continue to keep
PECO on the cutting edge of technological advancements that will
continue to propel new initiatives and reinforce our position as an
industry leader.”
The Realcomm Best Use of AI Award recognized PECO’s work to
develop custom AI solutions that enhanced and improved
organizational productivity, automation across the enterprise and
communications. PECO has further enhanced its reporting solutions,
utilizing the power of machine learning and predictive analytics to
provide deeper business insights.
Connect with PECO:For additional information,
please visit https://www.phillipsedison.com/
Follow PECO on:Twitter at https://twitter.com/PhillipsEdison
Facebook at https://www.facebook.com/phillipsedison.co Instagram at
https://www.instagram.com/phillips.edison/; and Find PECO on
LinkedIn at
https://www.linkedin.com/company/phillipsedison&company
About Phillips Edison & CompanyPhillips
Edison & Company, Inc. (“PECO”) is one of the nation’s largest
owners and operators of omni-channel grocery-anchored shopping
centers. Founded in 1991, PECO has generated strong results through
its vertically-integrated operating platform and national footprint
of well-occupied shopping centers. PECO’s centers feature a mix of
national and regional retailers providing necessity-based goods and
services in fundamentally strong markets throughout the United
States. PECO’s top grocery anchors include Kroger, Publix,
Albertsons and Ahold Delhaize. As of March 31, 2024, PECO managed
304 shopping centers, including 284 wholly-owned centers comprising
32.4 million square feet across 31 states and 20 shopping centers
owned in one institutional joint venture. PECO is focused on
creating great omni-channel, grocery-anchored shopping experiences
and improving communities, one neighborhood shopping center at a
time.
PECO uses, and intends to continue to use, its Investors
website, which can be found at
https://investors.phillipsedison.com, as a means of disclosing
material nonpublic information and for complying with its
disclosure obligations under Regulation FD.
Forward-Looking StatementsThis press release
may contain certain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements can generally be identified by the
Company’s use of forward-looking terminology such as “may,” “will,”
“expect,” “intend,” “anticipate,” “estimate,” “believe,”
“continue,” “seek,” “objective,” “goal,” “strategy,” “plan,”
“focus,” “priority,” “should,” “could,” “potential,” “possible,”
“look forward,” “optimistic,” or other similar words. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Such statements are subject to known and unknown risks and
uncertainties, which could cause actual results to differ
materially from those projected or anticipated, including the risk
factors and other risks and uncertainties described in the
Company’s 2023 Annual Report on Form 10-K, filed with the SEC on
February 12, 2024, as updated from time to time in the Company’s
periodic and/or current reports filed with the SEC, which are
accessible on the SEC’s website at www.sec.gov. Except as required
by law, the Company does not undertake any obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.
Investors:Kimberly Green, Head of Investor
Relations(513) 692-3399, kgreen@phillipsedison.com
Media:Cherilyn Megill, Chief Marketing
Officer(801) 415-4373, cmegill@phillipsedison.com
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