PECO Q2 2026: Core FFO $0.69, Guidance Raised; ATM Issuance Adds Dilution
PECO sits 33% above its 52-week low of $32.84.
Summary
PECO reported Q2 2026 Core FFO of $0.69 per share, raised full-year guidance, and issued $85.3 million in equity via its ATM program. Same-Center NOI grew 3.8%.
Key Events · Earnings and Guidance · PECO
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Q2 2026 Core FFO Beats, Guidance Raised
Core FFO of $0.69 per share, up 7.8% YoY. Full-year 2026 guidance raised, reflecting strong leasing and operating performance.
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Same-Center NOI Growth of 3.8%
Same-Center NOI increased 3.8% to $120.6 million, driven by a $0.56 increase in average minimum rent per square foot and 0.3% occupancy improvement.
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ATM Equity Issuance: $85.3M Raised
Issued 2.0 million shares at $42.06 per share for net proceeds of $85.3 million during Q2. An additional 0.2 million shares issued after quarter-end for $6.4 million. $91 million remains available under the $250 million ATM program.
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Active Portfolio Management
Acquired 10 properties for $268.4 million and sold 4 properties for net proceeds of $83.4 million, generating a $26.2 million gain. Four properties held for sale at quarter-end.
Analysis · PECO · Real Estate & Construction
Phillips Edison delivered a strong Q2 with Core FFO of $0.69 per share, up 7.8% year-over-year, and raised full-year guidance. Same-Center NOI grew 3.8%, driven by higher rents and occupancy. The company also tapped its ATM program, issuing 2.0 million shares at $42.06 for net proceeds of $85.3 million, and an additional 0.2 million shares after quarter-end. While the ATM issuance is modestly dilutive, the capital supports the acquisition pipeline and balance sheet. The stock trades near its 52-week high, reflecting market confidence in the grocery-anchored retail strategy.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.3% of the 1072 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PECO was trading at $43.53 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $6B. The 52-week trading range was $32.84 to $44.38. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.