Phillips Edison & Company (PECO)
NASDAQReal EstateReit - RetailSnapshot 2026-09-04
$38.96-0.56%
Close 2026-09-04 · 1-day change
NASDAQReal EstateReit - RetailSnapshot 2026-09-04
QuarterlyIQ Insights · PECO
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within real estate on a research-validated quality screen. As of 2026-09-04.
The screen ranks PECO against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 2 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Real Estate names rated strong grew net income 57% of the time over the next year (vs 53% for the rest of the cohort, n=2778).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Achieve year-over-year growth in Core Funds From Operations per diluted share exceeding 6% for the full year 2026.
Stated as a priority in 2 of last 2 quarters. Core FFO per diluted share grew 7.2% to $1.38 for the six months ended June 30, 2026 compared to the same period in 2025. The company increased its full year 2026 Core FFO guidance midpoint to reflect 6.2% year-over-year growth. The trajectory is delivering against this stated growth priority.
“The increased midpoint of full year 2026 Core FFO per diluted share guidance represents 6.2% year-over-year growth.”
“The increased midpoint of full year 2026 Core FFO guidance represents 5.8% year-over-year growth.”
Achieve approximately 3.7% year-over-year growth in same-center net operating income for the full year 2026.
Stated as a priority in 2 of last 2 quarters. Same-center NOI grew 3.8% to $120.6 million in 2026-Q2 compared to 2025-Q2. The company updated its full year 2026 same-center NOI guidance midpoint to 3.7% growth. The trajectory is delivering against this stated priority.
Increase gross acquisitions activity to a range of $500 million to $600 million for the full year 2026.
Stated as a priority in 2 of last 2 quarters. The company acquired $266.9 million in assets in the first half of 2026 and increased its full year 2026 gross acquisitions guidance to a range of $500 million to $600 million. The trajectory shows progress toward this acquisition target.
“Increased full year 2026 gross acquisitions guidance reflects a range of $500 million to $600 million.”
Sustain high portfolio occupancy rates and achieve strong rent spreads on new and renewal leases.
Stated as a priority in 2 of last 2 quarters. Portfolio occupancy remained strong at 97.3% in 2026-Q2, slightly up from 97.1% in 2026-Q1. Renewal rent spreads held steady at 21.2%, with new lease spreads at 33.7% in 2026-Q2. The company is maintaining strong occupancy and leasing spreads consistent with its stated priority.
“Leased portfolio occupancy was 97.3% and record-high leased inline occupancy of 95.5%. Renewal rent spreads were 21.2%, new leases 33.7%.”
Sustain a disciplined approach to balance sheet management and maintain strong liquidity positions.
Stated as a priority in 2 of last 2 quarters. Total liquidity increased from approximately $810.2 million in 2026-Q1 to $857.3 million in 2026-Q2. Net debt to EBITDAre improved from 5.3x to 5.1x over the same period. The company is maintaining disciplined balance sheet management consistent with its stated priority.
Over the trailing year it converted 2.86x of net income into operating cash flow. Historically, Real Estate names rated robust grew net income 63% of the time over the next year (vs 45% for the rest of the cohort, n=2211).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity, the US dollar (low R² over the window).
17 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Real Estate names rated neutral grew net income 56% of the time over the next year (vs 48% for the rest of the cohort, n=877).
Not investment advice. As of 2026-09-04.
“The increased midpoint of full year 2026 same-center NOI guidance represents 3.7% year-over-year growth.”
“The increased midpoint of full year 2026 same-center NOI guidance represents 3.00% - 4.00%.”
“Full year 2026 gross acquisitions guidance reflects a range of $400 million to $500 million.”
“Leased portfolio occupancy was 97.1% and leased inline occupancy was 95.0%. Renewal rent spreads were 21.2%, new leases 36.2%.”
“Total liquidity of approximately $857.3 million and net debt to EBITDAre of 5.1x as of June 30, 2026.”
“Total liquidity of approximately $810.2 million and net debt to EBITDAre of 5.3x as of March 31, 2026.”