Phillips Edison (Phillips Edison) Long-Term Capital Lease Obligation : $111.0 Mil (As of Mar. 2024)

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What is Phillips Edison Long-Term Capital Lease Obligation?

Phillips Edison's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $111.0 Mil.

Phillips Edison's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($105.7 Mil) to Dec. 2023 ($108.5 Mil) and increased from Dec. 2023 ($108.5 Mil) to Mar. 2024 ($111.0 Mil).

Phillips Edison's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($108.3 Mil) to Dec. 2022 ($110.4 Mil) but then declined from Dec. 2022 ($110.4 Mil) to Dec. 2023 ($108.5 Mil).

Phillips Edison Long-Term Capital Lease Obligation Historical Data

The historical data trend for Phillips Edison's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Phillips Edison Long-Term Capital Lease Obligation Chart

Phillips Edison Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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112.76

101.91

108.29

110.38

108.53

Phillips Edison Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															111.54	108.65	105.68	108.53	111.01

Phillips Edison (NAS:PECO) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Phillips Edison Long-Term Capital Lease Obligation Related Terms

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Phillips Edison (Phillips Edison) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Phillips Edison & Co Inc (NAS:PECO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

9R4:Germany

Address

11501 Northlake Drive, Cincinnati, OH, USA, 45249

Website

https://www.phillipsedison.com

Phillips Edison & Co Inc is a real estate investment trust. It invests primarily in well-occupied, grocery-anchored neighborhood and community shopping centers. It holds an integrated in-house operating platform built on market leading expertise designed to optimize property value and consistently deliver a great shopping experience.

Executives

Anthony E Terry	director	9002 SAN MARCO COURT, ORLANDO FL 32819
Parilee Edison Wang	director	3982 SADDLEBACK ROAD, PARK CITY UT 84098
Leslie T Chao	director	103 EISENHOWER PARKWAY, ROSELAND NJ 07068
Paul Massey	director	PHILLIPS EDISON-ARC SHOPPING CENTER REIT, 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
John P Caulfield	officer: CFO, SVP & Treasurer	11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
Elizabeth Fischer	director	11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
Jane Silfen	director	11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
David W Garrison	director	C/O SONICWALL, INC.,, 1143 BORREGAS AVE, SUNNYVALE CA 94089
John A. Strong	director	11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
Tanya Brady	officer: See Remarks	C/O PHILLIPS EDISON & COMPANY, INC., 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
Gregory S. Wood	director	800 SOUTH ST. STE # 305, WALTHAM MA 02453
Stephen R Quazzo	director	C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601
Devin Ignatius Murphy	officer: CFO, Secretary and Treasurer	104 MAIN STREET, SOUTHPORT CT 06890
Jeffrey Edison	director, officer: Chairman of the Board & CEO	11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
Robert Mark Addy	officer: Executive Vice President	11501 NORTHLAKE DRIVE, CINCINNATI OH 45249