Moody’s Updates Phillips Edison & Company Outlook to Positive
Rhea-AI Summary
Phillips Edison & Company (Nasdaq: PECO) announced that Moody’s Ratings has updated its outlook for PECO and its operating partnership to positive, while affirming the Company’s Baa2 senior unsecured rating. Moody’s cited expectations that Phillips Edison will sustain solid operating performance.
According to Moody’s, portfolio occupancy has been at least 97% since 2024, and first-quarter 2026 leasing and re-leasing spreads of 36.2% and 21.2%, respectively, are expected to support earnings. PECO’s CFO highlighted the company’s balance sheet strength, disciplined financial management and liquidity.
Positive
- Moody’s outlook raised to positive while affirming Baa2 senior unsecured rating
- Portfolio occupancy at least 97% since 2024, supporting stable cash flows
- Q1 2026 leasing spread 36.2% and re-leasing spread 21.2%, expected to support earnings
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 23 | Earnings call notice | Neutral | +0.8% | Company scheduled release of second-quarter 2026 earnings and related conference call. |
| Jun 02 | Shopping center acquisition | Positive | +0.1% | Joint venture acquired a 266,000-square-foot, grocery-anchored shopping center. |
| May 27 | Investor conference presentation | Neutral | -0.4% | Company announced management presentation at the Nareit REITweek investor conference. |
| May 15 | Acquisitions leadership appointment | Positive | -1.1% | Company appointed Dan Sutherland as Vice President of Acquisitions for the West region. |
| May 14 | Webcast notice | Neutral | -1.1% | Company announced an ICSC recap webcast focused on leasing and portfolio management. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent PECO news reactions were mixed, with positive corporate developments not uniformly coinciding with gains.
Key Terms
senior unsecured rating financial
positive outlook financial
portfolio occupancy financial
re-leasing spreads financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
CINCINNATI, July 23, 2026 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that Moody's Ratings ("Moody's") updated its outlook for PECO and the Company’s operating partnership, Phillips Edison Grocery Center Operating Partnership I L.P., to a positive outlook. Moody’s affirmed the Baa2 senior unsecured rating.
In its public announcement, Moody’s noted: “The positive outlook reflects our expectation that Phillips Edison will sustain its solid operating performance...”
Moody’s added: “We expect Phillips Edison to have consistently high portfolio occupancy that has been at least
John Caulfield, Executive Vice President, CFO & Treasurer stated: “PECO continues to have one of the best balance sheets in the Shopping Center sector. Today's announcement by Moody's reflects our consistent operating performance, disciplined balance sheet management and strong liquidity position. We believe the investments PECO is making today position us well for 2027 and beyond. In an environment where investors continue to seek dependable growth and stability, we believe PECO is uniquely positioned to deliver both.”
Connect with PECO
For additional information, please visit https://www.phillipsedison.com/
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About Phillips Edison & Company
Phillips Edison & Company, Inc. (“PECO”) is one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers. PECO’s centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO’s top grocery anchors include Kroger, Publix, Albertsons and Ahold Delhaize. As of June 30, 2026, PECO managed 330 shopping centers, including 302 wholly-owned centers comprising 33.9 million square feet across 31 states and 28 shopping centers owned in three institutional joint ventures. PECO is focused on creating great grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time.
PECO uses, and intends to continue to use, its Investors website, which can be found at https://investors.phillipsedison.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by the Company’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” “commit,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those projected or anticipated, including the risk factors and other risks and uncertainties described in the Company’s 2025 Annual Report on Form 10-K, filed with the SEC on February 10, 2026, as updated from time to time in the Company’s periodic and/or current reports filed with the SEC, which are accessible on the SEC’s website at www.sec.gov. Except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Investors
Kimberly Green, Head of Investor Relations
(513) 692-3399, kgreen@phillipsedison.com
Media
Ben Williamson, Senior Vice President of Marketing
(513) 338-2899, bwilliamson@phillipsedison.com
