Phillips Edison & Company, Inc. (PECO)

In Q3 2025, Phillips Edison reported revenue of US$182.7 million and basic EPS of US$0.20, supported by funds from operations (FFO) of US$89.3 million. On February 5, 2026, PECO reported strong 2025 results, with NAREIT FFO per share growth of 7.2% and core FFO per share growth of 7%. The company achieved a high portfolio occupancy rate of 97.3%, with anchor occupancy at 98.7% and in-line leased occupancy at a record high of 95.1%. Leasing activity was robust, with 1,026 leases executed totaling approximately 6 million square feet in 2025. PECO provided 2026 guidance, including a Net Income Guidance of $0.74 to $0.77 per share, 2026 Same-Center NOI Growth Guidance of 3% to 4%, and 2026 NAREIT FFO per Share Growth Guidance of a 5.5% increase over 2025 at the midpoint. As of January 23, 2026, PECO's stock was down 1.31% over the past 30 days and down 2.73% over the past 12 months. PECO pays monthly dividends, with the last reported dividend per share being $0.11. On January 15, 2026, Evercore ISI initiated coverage with an "Outperform" rating, highlighting PECO's focus on grocery-anchored centers. As of February 5, 2026, analysts held a consensus "Hold" rating with an average price target of $38.86.

Demand for Phillips Edison & Co., Inc.'s products and services exhibits some seasonality but remains consistently strong due to the necessity-based nature of its tenants. The first quarter typically sees seasonal occupancy fluctuations. Overall leasing activity remains robust, and retailers are actively seeking growth opportunities within PECO's portfolio. The company's strategy of focusing on grocery-anchored properties ensures stable, necessity-based cash flow, suggesting a relatively resilient demand profile.

Phillips Edison & Co., Inc. (PECO) is a REIT focused on owning, managing, and redeveloping grocery-anchored shopping centers in the United States. The company operates in the retail real estate industry, concentrating on necessity-based retail. PECO's business model revolves around generating rental income and providing property management services for these centers, which are typically anchored by leading grocers. Founded in 1991, PECO has grown its footprint over three decades, emphasizing a resilient model that delivers stable, necessity-based cash flow.

Phillips Edison & Co., Inc. has a national presence across the United States, wholly owning 268 shopping centers and holding partial ownership interests in an additional 21 facilities, spanning a combined 31 states. PECO's headquarters are located in Sycamore Township, Ohio, with additional offices in Salt Lake City, Utah, New York City, New York, and Atlanta, Georgia.

Phillips Edison & Co., Inc.'s brand reputation appears strong, driven by its operational performance and strategic focus. The company has consistently reported high portfolio occupancy rates and robust leasing activity, indicating strong retailer demand for its grocery-anchored centers. The company's focus on providing essential retail experiences contributes to its positive standing in the communities it serves.

Phillips Edison & Co., Inc. has significant institutional ownership, with 80.70% of the stock currently owned by institutional investors. The company has 669 institutional owners and shareholders holding a total of 127,610,817 shares. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., State Street Corp, Wellington Management Group Llp, Geode Capital Management, Llc, Fmr Llc, IJR - iShares Core S&P Small-Cap ETF, VGSIX - Vanguard Real Estate Index Fund Investor Shares, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares and IWM - iShares Russell 2000 ETF.