Phillips Edison & Company, Inc. (PECO) Form 10-Q — Oct 27, 2026
Phillips Edison (PECO) reported Q3 2026 revenue of $193.1 million, up 5.7% year-over-year, with net income of $68.6 million versus $27.2 million a year ago, though the jump was driven largely by a $40.6 million gain on property disposals. Core operations remained strong: Core FFO per diluted share rose to $0.71 from $0.65, same-center NOI grew 5.3%, and leased occupancy held at 97.8%.
Key figures
- Eps
- 0.49
- Revenue
- 193088000
- Net Income
- 68624000
- Total Debt
- 2547869000
- Revenue Yoy
- 5.7%
- Total Assets
- 5551054000
- Cash Position
- 8903000
- Shares Outstanding
- 129000000
- Q3 net income yoy
- $68.6M vs $27.2M
- Nine month revenue
- 573448000
- Dispositions gain q3
- 40605000
- Atm capacity remaining
- $400M
- New term loan facility
- $350M (SOFR + 0.80%, matures Oct 23 2029)
- Acquisitions nine months
- $454.1M (13 properties)
- Same center noi growth q3
- 5.3%
- Distribution rate increase
- 6.2% to $0.115/month
- Weighted avg interest rate
- 4.5%
- Net debt to adjusted ebitda
- 5.2x
- Same center leased occupancy
- 97.8%
- Core ffo per diluted share q3
- 0.71
- Core ffo per diluted share q3 prior
- 0.65
- Nine month net income attributable to stockholders
- 134173000
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