Monitor PECO's ability to maintain strong leasing spreads and occupancy levels as it integrates new acquisitions. The raised guidance and successful debt offering suggest confidence in the portfolio's resilience, but watch for any changes in tenant health or macroeconomic pressures on consumer spending.
Price Chart
Executive Summary
Phillips Edison & Company (PECO) reported strong Q1 2026 results with Core FFO per share of $0.69, a 6.2% year-over-year increase, and raised full-year 2026 Core FFO guidance to $2.72-$2.78 per share, reflecting 5.8% year-over-year growth at the midpoint. The company also completed a $350 million debt offering and acquired $125.5 million in new assets.
Key Financial Metrics
Key Facts
- Core FFO per share was $0.69, up 6.2% YoY and above the prior quarter's $0.66
- Nareit FFO per share was $0.67, up 4.4% YoY
- Same-center NOI increased 3.5% YoY to $122.3 million
- Updated 2026 Core FFO guidance raised to $2.72-$2.78 per share (midpoint $2.75), up from $2.71-$2.77
- Updated 2026 Nareit FFO guidance raised to $2.66-$2.71 per share (midpoint $2.685), up from $2.65-$2.71
- Completed $350 million public debt offering of 4.750% senior notes due 2023
- Acquired $125.5 million in assets, including five shopping centers and land for future development
Financial Impact
Core FFO per share of $0.69 represents a 6.2% year-over-year increase and beats prior guidance. Full-year 2026 Core FFO guidance raised to $2.72-$2.78 per share, indicating 5.8% year-over-year growth at the midpoint.
Risk Factors
- Macroeconomic uncertainty could impact consumer spending and tenant performance
- Interest rate fluctuations may affect borrowing costs and property valuations
- Integration of new acquisitions may pose operational challenges
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001476204-26-000022 |
| Document: pecopressreleaseex991q12026.htm | 0001476204-26-000022 |
| Document: cik0001476204-20260423.htm | 0001476204-26-000022 |
| Document: 0001476204-26-000022-index-headers.html | 0001476204-26-000022 |
| Document: 0001476204-26-000022-index.html | 0001476204-26-000022 |
| Document: 0001476204-26-000022.txt | 0001476204-26-000022 |
| 8-K Data (Synthetic) | 0001476204-26-000022 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $39.00 | awaiting T+60 | — | $38.07 (−2.38%) |
Oct 26, 2026 today | Press Release | $39.22 | awaiting T+60 | — | $38.07 (−2.93%) |
Oct 20, 2026 6d ago | Institutional Cluster | $37.27 | awaiting T+60 | — | $38.07 (+2.15%) |
Oct 1, 2026 25d ago | Press Release | $37.76 | awaiting T+60 | — | $38.07 (+0.82%) |
Oct 1, 2026 25d ago | Press Release | $37.76 | awaiting T+60 | — | $38.07 (+0.82%) |
Sep 1, 2026 7w ago | 8-K | $39.21 | awaiting T+60 | — | $38.07 (−2.91%) |
Jul 23, 2026 13w ago | Press Release | $43.53 $37.79 | ▼ −13.19% | ▼ −16.48% | $38.07 (−12.54%) |
Apr 23, 2026 26w ago | 8-K | $39.46 $43.58 | ▲ +10.44% | ▲ +5.36% | $38.07 (−3.52%) |
Apr 23, 2026 26w ago | Press Release | $39.46 $43.58 | ▲ +10.44% | ▲ +5.36% | $38.07 (−3.52%) |
Mar 24, 2026 30w ago | Press Release | $36.73 $41.10 | ▲ +11.89% | ▼ −1.56% | $38.07 (+3.66%) |
US Market Status
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