PECO Q3 Core FFO $0.71, Guidance Raised; New $350M Term Loan Closed
PECO sits 18% above its 52-week low of $33.1.
Summary
PECO reported Q3 2026 Core FFO of $0.71 per share (up 9.2%) and raised full-year guidance, while closing a new $350 million unsecured term loan that refinances its 2027 maturity at a lower rate.
Key Events · Earnings and Guidance · PECO
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Q3 Core FFO Grows 9.2%
Core FFO of $0.71 per diluted share versus $0.65 a year ago; Nareit FFO rose 9.8% to $98.0 million.
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Full-Year Guidance Midpoint Raised
Core FFO guidance midpoint now $2.77 (range $2.75-$2.79) and Nareit FFO midpoint $2.70, with same-center NOI growth guided to 3.50%-4.00%.
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New $350M Term Loan Closes
Three-year unsecured facility at SOFR+0.80% maturing October 23, 2029; $175 million drawn at closing repaid the $161.8 million term loan due 2027 and revolver balances, lowering the rate about 30 basis points.
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Record Leasing Spreads, Occupancy Steady
Renewal rent spreads of 25.2% and new lease spreads of 26.3%; leased portfolio occupancy 97.5% and anchor occupancy 99.0%.
Analysis · PECO · Real Estate & Construction
PECO delivered 9.2% Core FFO growth and 5.3% same-center NOI growth, then raised the midpoint of full-year Core FFO guidance to $2.77 from a prior $2.73-$2.79 range — a modest but real upward revision backed by record renewal rent spreads of 25.2%. The balance sheet work matters as much as the quarter: a new $350 million unsecured term loan at SOFR+0.80% retires the $161.8 million term loan due January 2027 and cuts the rate by roughly 30 basis points, pushing pro forma liquidity to about $950 million. Occupancy held at 97.5% and leverage stayed at 5.2x net debt to adjusted EBITDAre, so the growth is being funded without stretching the balance sheet.
How filings like this one have moved
In the 30 days to Oct 26, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PECO was trading at $39.00 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $33.10 to $44.38. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.