{"id":5818,"date":"2016-03-11T07:00:54","date_gmt":"2016-03-11T12:00:54","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=5818"},"modified":"2016-03-10T17:47:05","modified_gmt":"2016-03-10T22:47:05","slug":"phillips-edison-grocery-center-reit-ii-reports-2015-financial-results","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/phillips-edison-grocery-center-reit-ii-reports-2015-financial-results\/","title":{"rendered":"Phillips Edison Grocery Center REIT II Reports 2015 Financial Results"},"content":{"rendered":"
Mar 10 2016 | by DI Wire<\/p>\n
Phillips Edison Grocery Center REIT II Inc., a publicly registered, non-traded real estate investment trust, released its operating results for the year ended December 31, 2015.<\/p>\n
On September 15, 2015, Phillips Edison Grocery Center REIT II, which intended to raise $2 billion in its initial public offering, terminated early after raising $1.1 billion. The unsold shares were reallocated to its distribution reinvestment plan, which the company continues to offer to investors.<\/p>\n
In 2015, the company generated a net loss of $6.7 million, compared to a net loss of $5.8 million for the comparable 2014 period. The company generated modified funds from operations of $28.6 million, compared to MFFO of $2.7 million for the comparable 2014 period. This growth was primarily the result of additional property acquisitions, according to the company.<\/p>\n