Phillips Edison & Company owns and operates grocery-anchored neighborhood and community shopping centers across the United States. The company’s updates center on leasing and occupancy trends, property activity, tenant mix, and performance measures commonly used by retail REITs, including Nareit FFO, Core FFO, same-center NOI and earnings guidance.
Recurring PECO news also covers monthly dividend declarations, tax reporting for common-stock distributions, operating partnership unit distributions, investor presentations, and quarterly earnings calls. The company also manages shopping centers held through institutional joint ventures and reports on a portfolio focused on necessity-based retail tenants and grocery anchors.
Phillips Edison & Company (PECO) will host a virtual Business Update for the investment community on December 16, 2026. The webcast begins at 12:00 p.m. Eastern Time and includes a live Q&A session. Management will discuss strategy, long-term growth opportunities and other business and financial matters. A replay will be posted on the company’s investor website within 24 hours after the live event concludes.
Phillips Edison & Company (PECO) closed a $350 million unsecured term loan facility with a three-year term ending October 23, 2029. Its operating partnership borrowed $175 million at closing, using the proceeds to pay down an outstanding $161.8 million term loan and revolving credit balances. The remaining $175 million is available to draw on or before April 21, 2027.
The initial annual interest rate is SOFR plus 0.80%, with future pricing tied to credit ratings and leverage. SOFR is a benchmark interest rate. An uncommitted expansion feature permits up to $450 million in additional loans, bringing potential total loans to $800 million. Borrowings can be prepaid without premium or penalty before maturity.
Phillips Edison & Company (Nasdaq: PECO) reported third-quarter 2026 net income of $62.7 million and raised its full-year earnings guidance. Diluted earnings were $0.49 versus $0.20 a year earlier. Core funds from operations, an adjusted earnings measure, rose 9.2% per diluted share to $0.71. Same-center net operating income increased 5.3% to $122.4 million.
PECO now expects full-year diluted earnings of $1.21–$1.24 and Core funds from operations of $2.75–$2.79 per diluted share. Quarterly acquisitions totaled $181.8 million, while asset sales totaled $87.1 million. Leased occupancy was 97.5%, versus 97.6% a year earlier. After quarter-end, PECO closed a $350 million unsecured term loan facility and extended its Northwestern Mutual joint venture by 10 years to 2036. The expanded venture will acquire 13 PECO centers valued at approximately $377.5 million.
Phillips Edison & Company (Nasdaq: PECO) raised its full-year 2026 gross acquisitions guidance while reaffirming its earnings and property operating-income outlook. Gross acquisitions are now expected at $600 million–$700 million, versus $500 million–$600 million previously, including its prorated joint-venture share. Expected dispositions rose to $200 million–$250 million from $100 million–$200 million; expected net joint-venture contributions are $200 million–$250 million.
Reaffirmed diluted per-share guidance is $0.95–$0.97 net income, $2.67–$2.72 Nareit funds from operations (FFO), and $2.73–$2.79 Core FFO. The company expects midpoint FFO growth of 6.3% and 6.2%, respectively, year over year. Same-center net operating income growth remains 3.40%–4.00%, with 3.7% growth at the midpoint. Through September 30, 2026, acquisitions totaled $459.7 million at PECO’s total prorated share, and asset sales totaled $174.0 million.
Phillips Edison & Company (Nasdaq: PECO) announced an expanded joint venture with Northwestern Mutual involving a portfolio valued at approximately $377.5 million. The amended agreement extends Grocery Retail Partners I by 10 years to 2036. The venture will acquire 13 PECO-owned shopping centers across eight states; Northwestern Mutual and PECO will retain approximately 86% and 14% interests, respectively.
PECO will continue leasing, asset management and property management services, earning recurring fees. The expansion creates investment capacity for acquisitions, development and redevelopment. Transfers will occur in stages, initially seeding approximately half the assets. Additional transfers are expected by early 2027, but future closing timing and composition may change. After completion, PECO expects its unconsolidated joint venture portfolio to exceed 40 shopping centers across 17 states, with approximately $1.2 billion in assets under management.
Phillips Edison & Company (PECO) will release third-quarter 2026 earnings after market close on October 26, 2026. The earnings release and financial supplement will be posted on its investor relations website. Jeff Edison, Bob Myers and John Caulfield will host an earnings call and webcast on October 27 at 12:00 p.m. ET.
Phillips Edison & Company (PECO)/b) will participate in the Retail REIT Panel at the Barclays 24th Annual Global Financial Services Conference on Monday, September 14, 2026, at 2:00 p.m. Eastern Time.Chief Financial Officer John Caulfield is the scheduled speaker, and the panel will be available via live webcast. A replay of the webcast is expected to be posted within 24 hours after the event on the company’s investor relations website at https://investors.phillipsedison.com/.
Phillips Edison & Company (PECO)/b) will present at the BofA Securities 2026 Global Real Estate Conference on Tuesday, September 15, 2026, at 3:45 p.m. Eastern Time.Chairman and CEO Jeff Edison and CFO John Caulfield are scheduled speakers for the PECO roundtable presentation. The event will be available via a live webcast, with a replay posted within 24 hours on the company’s investor relations website.
Phillips Edison & Company (Nasdaq: PECO) announced that its Board approved a 6.2% increase in monthly dividends to $0.115 per share, payable on October 1, November 3, and December 1, 2026 to stockholders of record on September 15, October 15, and November 16, 2026, respectively.
The new rate equates to an annualized dividend of $1.38 per share, up from $1.30. Operating partnership unit holders receive distributions at the same rate, subject to tax withholding. According to Phillips Edison & Company, this marks the sixth consecutive annual dividend increase and the third straight increase above 5%.
Phillips Edison & Company (Nasdaq: PECO) announced that its Board of Directors declared a monthly cash dividend of $0.1083 per share on its common stock. The dividend is payable on September 1, 2026 to stockholders of record as of August 17, 2026. Operating partnership unit holders will receive distributions at the same rate, subject to applicable tax withholding.