secwatch.observer — SEC 8-K summary
======================================

Issuer:     Phillips Edison & Company, Inc. (PECO)
CIK:        0001476204
Form:       8-K
Filed at:   2026-10-01T22:11:53+00:00
Accession:  0001476204-26-000048
Event type: m_and_a
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476204/000147620426000048/0001476204-26-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476204/000147620426000048/cik0001476204-20261001.htm
  HTML page:      https://secwatch.observer/filing/0001476204-26-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer