earnings
confidence high
sentiment positive
materiality 0.75
PECO Q1 2026 Core FFO $0.69 (+6.2% YoY); raises full-year guidance; acquires $125.5M
Phillips Edison & Company, Inc.
2026-Q1 EPS
reported $0.24
vs consensus $0.17
▲ beat
(+40.4%)
- Net income $30.4M ($0.24 diluted EPS); Core FFO $0.69 per share, up 6.2% YoY.
- Same-center NOI grew 3.5% to $122.3M; leased portfolio occupancy 97.1%.
- Raised 2026 Core FFO guidance midpoint for 5.8% year-over-year growth.
- Acquired $125.5M in Q1 (five shopping centers); completed $350M 4.750% senior notes due 2033.
- Comparable new lease rent spread 36.2%; renewal spread 21.2%.