PECO
Phillips Edison & Co Inc (PECO) Q2 2026 Earnings Call Highlights: Strong Occupancy and ...
Article Summary
BUY- Phillips Edison & Co Inc. (NASDAQ: PECO) reported strong financial performance with Nareit FFO per share growth of 8.1% and core FFO growth of 7.8% driven by record occupancy at 97.3% and record in-line occupancy at 95.5%.
- Phillips Edison & Company maintained a strong balance sheet with an investment-grade profile and significant liquidity, with $857 million in liquidity at the end of the second quarter and net debt to Adjusted EBITDAre of 5.1 times at quarter end.
- The company increased full-year guidance for gross acquisitions to range of $500 million to $600 million reflecting confidence in future growth opportunities, with Moody's positive outlook revision recognizing Phillips Edison & Company's strategy of focusing on grocery-anchored shopping centers and necessity-based retail continues to drive resilient traffic and demand.
- Despite strong performance, the increase in FFO guidance was modest at just $0.01, which may not fully reflect the positive updates in the quarter.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 7.9% | 25% | 35.0 ptsBelow Screener (7.9%) - Weak growth |
| EPS Growth Next 5Y ? | 2.1% | 25% | 10.0 ptsVery Weak (2.1%) - Minimal expectations |
| Target Price Upside ? | 2.0% | 20% | 20.0 ptsMinimal Upside (2.0%) - Target: $44.38 vs Current: $43.53 |
| Gross Margin % ? | 36.4% | 15% | 60.0 ptsSolid (36.4%) - Decent margins |
| Drawdown from 52-Wk High ? | -1.9% | 15% | 20.0 ptsBarely a Dip (-1.9%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About PECO
- Phillips Edison & Company, Inc. (PECO) is one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers.
- PECO has generated strong results through its vertically integrated operating platform and national footprint of well-occupied shopping centers.
- PECO's centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States.
- PECO's top grocery anchors include Kroger, Publix, Albertsons and Ahold Delhaize.
- As of March 31, 2026, PECO managed 326 shopping centers, including 299 wholly owned centers comprising 33.7 million square feet across 31 states and 27 shopping centers owned in three institutional joint ventures.
- PECO is focused on creating great omni-channel, grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time.
- Phillips Edison & Company, Inc. was incorporated in 1991 and is based in Cincinnati, Ohio.