SCHEDULE: Wellington Management Discloses 4.8% Stake in Phillips Edison

Wellington Management Group and its affiliates reported a 4.8% beneficial ownership stake in Phillips Edison & Company, Inc. common stock as of September 30, 2025.

Summary

• Wellington Management Group LLP, Wellington Group Holdings LLP, and Wellington Investment Advisors Holdings LLP collectively reported beneficial ownership of 5,982,819 shares of Phillips Edison & Company, Inc. common stock.
• This represents 4.76% of the issuer's common stock outstanding.
• The reporting entities have shared voting power over 4,697,780 shares and shared dispositive power over 5,982,819 shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Phillips Edison & Company, Inc.
• This filing is Amendment No. 4 to a previously filed Schedule 13G, indicating an update to an existing beneficial ownership position.
• The principal executive offices of Phillips Edison & Company, Inc. are located at 11501 Northlake Drive, Cincinnati OH 45249.

Sentiment

Score: 5

Explanation: The filing is a routine beneficial ownership disclosure (Schedule 13G Amendment No. 4) and does not contain information that inherently indicates a positive or negative sentiment regarding the issuer's performance or outlook. It is a factual report of an existing stake.

Positives

• The continued significant beneficial ownership by Wellington Management, a prominent institutional investor, may signal confidence in Phillips Edison & Company, Inc.'s long-term prospects.
• The passive nature of the investment (under 5% and filed as a Schedule 13G) suggests a belief in the company's current management and strategy without seeking active control.

Negatives

• No specific negative information is disclosed in this beneficial ownership report. The filing itself is a routine disclosure of an existing stake.

Risks

• No specific risks related to Phillips Edison & Company, Inc. are detailed in this beneficial ownership filing, as it focuses on the reporting entity's stake.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Phillips Edison & Company, Inc.'s future performance or operations.

Industry Context

Institutional investors like Wellington Management frequently hold significant, passive stakes in publicly traded real estate investment trusts (REITs) such as Phillips Edison & Company, Inc., which specializes in grocery-anchored shopping centers. These investments are typically part of diversified portfolios seeking exposure to real estate income and appreciation.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holder like Wellington Management can provide a degree of validation for other investors, potentially influencing market perception.
• Management: The passive nature of the stake indicates that Wellington Management is not currently seeking to influence management or corporate strategy, allowing the current leadership to continue its course.

Key Dates

Keywords

Phillips Edison & Company, Wellington Management, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, REIT, Real Estate