Phillips Edison & Company Inc
PECO
ISIN null / Valor 112555270
Phillips Edison & Company Inc
UMushroom community rating:
About company
Phillips Edison & Company, Inc. (PECO) is a leading operator of grocery-anchored shopping centers across the United States, boasting one of the nation's largest portfolios in this sector. With three decades of experience, PECO manages a diverse array of neighborhood retail locations that host a mix of national and regional retailers offering essential goods and services. The company employs a fully integrated approach, utilizing in-house professionals for property management, leasing, and acquisitions to ensure effective operations and tenant support. PECO’s strategic focus on strong demographic markets enables it to maintain high occupancy rates and adapt to the evolving needs of local consumers, reinforcing its position in the commercial real estate landscape.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (04.04.2026):
Phillips Edison & Company, Inc. reported results for the fourth quarter of 2025 and the full year 2025: Q4 2025 net income attributable to stockholders was $47.5 million ($0.38 per diluted share) and full-year 2025 net income was $111.3 million ($0.89 per diluted share). The company posted Q4 Nareit FFO of $88.8 million ($0.64 per diluted share) and Core FFO of $91.1 million ($0.66 per diluted share), while full-year Nareit FFO per share rose to $2.54 (7.2% YoY) and Core FFO per share to $2.60 (7.0% YoY).
Earnings
Q4 2025 net income attributable to stockholders was $47.5M ($0.38/diluted share); full-year 2025 net income was $111.3M ($0.89/diluted share), both materially higher than the comparable 2024 periods.
FFO & Core FFO
Q4 Nareit FFO was $88.8M ($0.64/share) and Core FFO was $91.1M ($0.66/share). For the full year, Nareit FFO per share was $2.54 (+7.2% YoY) and Core FFO per share was $2.60 (+7.0% YoY).
Same-Center NOI & Occupancy
Same-center NOI increased 3.2% in Q4 to $115.9M and 3.8% for the full year to $454.7M. Leased portfolio occupancy remained high at 97.3% (same-center leased 97.6%), and leased inline occupancy reached a record 95.1%.
Leasing Performance
Q4 leasing: 246 leases (~1.4M sq ft). Q4 comparable rent spreads: new leases +34.3%, renewals +20.0% (inline new +27.5%, inline renewals +19.8%). Full-year comparable new lease spread was 30.9% and renewal spread a record 20.7%.
Portfolio Transactions
Full-year 2025 acquisitions (total prorated) were $395.5M (wholly‑owned $356.9M plus JV prorata $38.6M); dispositions totaled $145.4M. Subsequent to quarter end the company completed $77.0M of additional acquisitions.
Balance Sheet & Leverage
Liquidity totaled ~$925.1M (cash ~$43.3M plus $881.8M available on the revolver). Net debt to annualized Adjusted EBITDAre was 5.2x; weighted-average debt rate ~4.5%, weighted-average maturity ~5.3 years, and ~84.7% of total debt is fixed-rate.
2026 Guidance / Outlook
PECO guided 2026 Nareit FFO per share $2.65–$2.71, Core FFO per share $2.71–$2.77, same-center NOI growth 3.0%–4.0%, and net income per share $0.74–$0.77; 2026 gross acquisitions expected $400M–$500M.
Management Commentary
CEO Jeff Edison characterized 2025 as a strong year with continued momentum into 2026, reiterating long‑term targets of same‑center NOI growth of 3%–4% and mid‑to‑high single‑digit FFO per share growth. Summarized from source with an LLMView Source
Key figures
Performance
Volatility
4685 M
Market cap (USD)
671,443
Daily traded volume (Shares)
37.67 / 37.04
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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