Phillips Edison & Company, Inc. (PECO) Form 8-K — Oct 26, 2026
Phillips Edison & Company (Nasdaq: PECO) reported Q3 2026 results on October 26, 2026, with net income attributable to stockholders of $62.7 million ($0.49/diluted share) versus $24.7 million a year earlier, aided by $40.6 million in net disposition gains. Core FFO rose 9.2% year-over-year to $0.71 per diluted share and Nareit FFO rose 7.8% to $0.69. Operations remained strong: same-center NOI grew 5.3%, leased occupancy was 97.5%, and the company executed record renewal rent spreads of 25.2% and new-lease spreads of 26.3%. PECO acquired $181.8 million of assets in the quarter and sold $87.1 million.
Key figures
- Eps
- 0.49
- Revenue
- 193088000
- Guidance
- FY2026 Nareit FFO $2.67-$2.72/share (midpoint $2.70, +6.3% YoY); Core FFO $2.73-$2.79 (midpoint $2.77, +6.5%); same-center NOI growth 3.40%-4.00%; gross acquisitions $600-700M
- Net Income
- 62678000
- Debt Amount
- 350000000
- Revenue Yoy
- 5.7% (Q3: $193.1M vs $182.7M)
- Cash Position
- 17900000
- Interest Rate
- SOFR + 0.80%
- Maturity Date
- 2029-10-23
- Shares Outstanding
- 128912000
- Core ffo yoy
- 9.2%
- Nareit ffo yoy
- 7.8%
- New rent spread
- 26.3%
- Q3 acquisitions
- 181800000
- Q3 dispositions
- 87100000
- Total liquidity
- approximately $762M ($950M pro forma for new term loan)
- Core ffo per share
- 0.71
- Same center noi q3
- 122371000
- Renewal rent spread
- 25.2% (record)
- Nareit ffo per share
- 0.69
- Net debt to ebitda re
- 5.2x
- Same center noi growth
- 5.3%
- Leased portfolio occupancy
- 97.5%
- Weighted avg interest rate
- 4.5%
- Weighted avg debt maturity years
- 5.3
AI analysis
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