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An update from Phillips Edison & Company ( (PECO) ) is now available.
On April 23, 2026, Phillips Edison & Company reported first-quarter 2026 results showing net income attributable to stockholders of $30.4 million, or $0.24 per diluted share, alongside Nareit FFO of $0.67 and Core FFO of $0.69 per diluted share, reflecting year-over-year increases of 4.7% and 6.2%, respectively. Same-center NOI grew 3.5%, leased portfolio occupancy held at a strong 97.1% with robust rent spreads on new and renewal leases, and management highlighted the resilience of its grocery-anchored, necessity-based centers in an uncertain macro environment.
The company continued to expand and optimize its portfolio, acquiring $125.5 million of assets in the quarter and an additional $58.9 million in assets plus an outparcel after quarter end, while disposing of select properties and land. Supported by a February 2026 $350 million senior notes issuance, total liquidity reached about $810 million and net debt to adjusted EBITDAre stood at 5.3x, enabling PECO to modestly raise full-year 2026 guidance for net income, Nareit FFO, and Core FFO per share, signaling confidence in sustained growth for investors and other stakeholders.
The most recent analyst rating on (PECO) stock is a Buy with a $41.00 price target. To see the full list of analyst forecasts on Phillips Edison & Company stock, see the PECO Stock Forecast page.
Spark’s Take on PECO Stock
According to Spark, TipRanks’ AI Analyst, PECO is a Outperform.
PECO scores well primarily due to solid fundamentals (strong margins, improving profitability, and durable cash generation) and a positive forward outlook from management’s guidance and operating metrics (NOI/FFO growth, high occupancy, strong leasing). The overall score is held back by balance-sheet leverage and a relatively expensive earnings multiple, while technicals remain supportive but somewhat stretched.
To see Spark’s full report on PECO stock, click here.
More about Phillips Edison & Company
Phillips Edison & Company, Inc. is a U.S. real estate investment trust and one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers. The company focuses on necessity-based retail properties, maintaining a diversified portfolio of centers across multiple states that are anchored by national and regional grocers and everyday retail tenants.
Average Trading Volume: 877,484
Technical Sentiment Signal: Strong Buy
Current Market Cap: $5.39B
For a thorough assessment of PECO stock, go to TipRanks’ Stock Analysis page.