PECO reports third quarter 2026 financial results with improved guidance
The company increased full-year FFO guidance and reported record rent spreads alongside strong occupancy metrics for its portfolio of grocery-anchored centers.
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Grocery-anchored shopping center owner and operator
phillipsedison.comLast updated
In short: PECO raised 2026 acquisition guidance, closed a $350M loan, and expanded its Northwestern Mutual JV.
The company increased full-year FFO guidance and reported record rent spreads alongside strong occupancy metrics for its portfolio of grocery-anchored centers.
The REIT raised its gross acquisitions range to $600-700 million while maintaining projected FFO and NOI growth.
The partnership extends GRP I through 2036 and transfers 13 shopping centers valued at $377.5M to capitalize future acquisitions.
Net income reaches $41.1 million with FFO growth of 8.1%. The company increases acquisition targets to $500-$600 million.
Phillips Edison raised parts of its 2026 outlook as strong Q3 leasing spreads, high occupancy and acquisition and redevelopment activity supported growth.
Phillips Edison & Company, Inc. (Nasdaq: PECO) ('PECO” or the 'Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers...
Year to date through September 30, 2026, acquired $459.7 million in assets at PECO’s total prorated share and sold $174.0 million in assets; Increased full...
Phillips Edison is expanding its joint venture with Northwestern Mutual to acquire a $377.5 million portfolio of 13 shopping centers.
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