XML 45 R27.htm IDEA: XBRL DOCUMENT
v3.24.3

Equity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Equity [Abstract] |
Schedule of Dividends Payable | Distributions—For each month beginning January 2024 through August 2024, we declared and paid monthly distributions of $0.0975 per common share and Operating Partnership unit (“OP unit”). In September 2024, the Board authorized a 5.1% increase of our monthly distribution rate to $0.1025 per common share and OP unit, and we declared a monthly distribution of $0.1025 per common share and OP unit for September 2024. Distributions paid to stockholders and OP unit holders of record subsequent to September 30, 2024 were as follows (dollars in thousands, excluding per share amounts):
Month | Date of Record | Date Distribution Paid | Monthly Distribution Rate |  | Cash Distribution
September | 9/16/2024 | 10/1/2024 | $ | 0.1025 |  |  | $ | 13,932 |
Schedule of OP Unit Activity | The table below is a summary of our OP unit activity for the three and nine months ended September 30, 2024 and 2023 (dollars and shares in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
OP units converted into shares of common stock(1) | 156 |  |  | 130 |  |  | 408 |  |  | 294 |
Distributions declared on OP units(2) | $ | 4,265 |  |  | $ | 3,954 |  |  | $ | 12,620 |  |  | $ | 12,134 |
(1)OP units convert into shares of our common stock at a 1:1 ratio. (2)Distributions declared on OP units are included in Distributions to Noncontrolling Interests on the consolidated statements of equity.

X
- Definition Schedule of Noncontrolling Interests, Conversions to Common Stock and Distributions + References No definition available. + Details
Name: | peco_ScheduleOfNoncontrollingInterestsConversionsToCommonStockAndDistributionsTableTextBlock
Namespace Prefix: | peco_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-3 + Details
Name: | us-gaap_ScheduleOfDividendsPayableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration