PECO Phillips Edison & Company, Inc.
Price Chart
Executive Summary
Phillips Edison & Company (PECO) reported Q1 2026 Core FFO of $0.69 per share, beating consensus of $0.66 by 4.5%, and raised full-year 2026 Core FFO guidance to $2.72–$2.78, reflecting 5.8% YoY growth at the midpoint. Strong leasing activity drove a 3.5% increase in same-center NOI and record-high rent spreads.
Actionable Insight
The combination of a Core FFO beat and raised guidance, supported by strong rent growth and occupancy, suggests pricing power and operational strength in PECO’s grocery-anchored portfolio. Traders should monitor the upcoming conference call for commentary on inflation pass-through and development pipeline execution.
Key Facts
- Core FFO per share: $0.69 (consensus: $0.66), representing a 4.5% beat
- Raised full-year 2026 Core FFO guidance to $2.72–$2.78 from $2.71–$2.77, signaling confidence in continued growth
- Same-center NOI increased 3.5% YoY, driven by strong leasing with 21.2% renewal rent spreads and 37.9% new lease rent spreads
- Portfolio occupancy remains high at 97.1%, with same-center leased inline occupancy at 95.0%
- Acquired $125.5M in assets during the quarter and completed a $350M debt offering at 4.75% fixed rate
Financial Impact
Core FFO beat by $0.03/share and guidance increased, implying ~$7M higher annual FFO at midpoint based on 139M shares
Risk Factors
- Guidance assumes stable macro conditions; any weakening in consumer spending could impact rent collections
- 94.4% of debt is fixed-rate, but rising rates could pressure future refinancings or acquisition cap rates
- Forward-looking statements are subject to material risks, including tenant bankruptcies and geopolitical uncertainty
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3280402 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Apr 23, 2026
7w ago
|
8-K
| $39.46 $40.53 | ▲ +2.71% | ▼ −1.31% | $41.98 (+6.39%) |
|
Apr 23, 2026
7w ago
|
Press Release
| $39.46 $40.53 | ▲ +2.71% | ▼ −1.31% | $41.98 (+6.39%) |
|
Mar 24, 2026
11w ago
|
Press Release
| $36.73 $39.04 | ▲ +6.30% | ▼ −1.56% | $41.98 (+14.30%) |
|
Mar 23, 2026
11w ago
|
DEFA14A
| $36.74 $38.24 | ▲ +4.09% | ▼ −4.81% | $41.98 (+14.27%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access