Acquisition StrategyAnalyst reiterates a Buy rating on PECO given its high exposure to necessity-based goods and services and sustained growth targeting $350-450mn of acquisitions annually at a 9% unlevered IRR and accretion year one.
Earnings PerformanceCore earnings beat with solid SSNOI, indicating strong performance.
Leasing PerformancePECO signed 276 leases totaling 1.4mn sq. ft in 2Q25 with a blended leasing spread of 16.0%, showing a strong leasing performance.