---
schema_version: "secwatch.filing_event.v1"
accession: "0001476204-26-000048"
form_type: "8-K"
ticker: "PECO"
cik: "0001476204"
company_name: "Phillips Edison & Company, Inc."
filed_at: "2026-10-01T22:11:53+00:00"
generated_at: "2026-10-12T14:29:20.805344+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PECO raises 2026 acquisitions guidance to $600-700M; expands Northwestern Mutual JV by $377.5M

## Summary
- Expanded JV with Northwestern Mutual (Grocery Retail Partners I LLC) adds 13 grocery-anchored centers across eight states valued at ~$377.5M; venture term extended 10 years to 2036.
- Northwestern Mutual holds ~86% and PECO ~14%; PECO continues providing leasing, asset management and property management services and earns recurring fees.
- FY2026 gross acquisitions guidance raised to $600-700M (from $500-600M); dispositions raised to $200-250M (from $100-200M); net JV contributions guided at $200-250M.
- Year to date through Sept. 30, 2026: $459.7M acquired and $174.0M sold at PECO's prorated share.
- FY2026 Nareit FFO per share reaffirmed at $2.67-$2.72 and Core FFO at $2.73-$2.79 (midpoints +6.3% and +6.2% YoY); same-center NOI growth 3.4-4.0%.

## SEC filing metadata
- accession: 0001476204-26-000048
- form_type: 8-K
- ticker: PECO
- cik: 0001476204
- company_name: Phillips Edison & Company, Inc.
- filed_at: 2026-10-01T22:11:53+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476204/000147620426000048/0001476204-26-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476204/000147620426000048/cik0001476204-20261001.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476204-26-000048
- JSON: https://secwatch.observer/filing/0001476204-26-000048.json
- Plain text: https://secwatch.observer/filing/0001476204-26-000048.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.