$39.070
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PECO News
PECO Events
PECO Reports Q2 Revenue of $189.619M, Beating Consensus
Reports Q2 revenue $189.619M, consensus $187.58M. Jeff Edison, Chairman and Chief Executive Officer of PECO stated: "Our second quarter results demonstrate the strength of PECO's high-quality portfolio and our ability to convert strong operating fundamentals into long-term earnings growth. We continue to generate Alpha through occupancy gains, acquisitions, rent spreads, retention, development, redevelopment and portfolio recycling. We are able to do this while maintaining balance sheet discipline and a thoughtful approach to investing that have always defined PECO."
FY26 Same-Center NOI Growth View Narrowed to 3.40%-4%
Consensus $2.76. Narrows FY26 same-center NOI growth view to 3.40%-4% from 3%-4%.
Cohen & Steers Acquires Oracle Crossings Shopping Center
Cohen & Steers Income Opportunities REIT announced its acquisition of Oracle Crossings, a 266,000-square-foot, grocery-anchored open-air shopping center located in the Oro Valley submarket of Tucson, Arizona. The acquisition was completed through CNSREIT's programmatic joint venture with Phillips Edison & Company (PECO). Oracle Crossings is 96% leased and anchored by Sprouts Farmers Market (SFM) and HomeGoods. The center benefits from a highly visible location at the intersection of Oracle Road and Magee Road, which sees 66,000 vehicles per day. The center attracts more than 2.1M annual visitors.
Reaffirms FY26 Same-Center NOI Growth View of 3%-4%
Consensus $2.74. Reaffirms FY26 same-center NOI growth view of 3%-4%.
PECO Reports Q1 Revenue of $190.741M, Exceeds Expectations
Reports Q1 revenue $190.741M, consensus $183.87M. Jeff Edison, Chairman and Chief Executive Officer of PECO stated: "We are pleased to report another quarter of solid results, including Core FFO per share growth of 6.2%, reflecting the strength of our high-quality portfolio. Our grocery-anchored and necessity-based shopping centers are driving steady traffic and market-leading pricing power. While the macroeconomic environment remains uncertain, PECO is positioned to provide both stability and continued growth. Our disciplined execution and the continued strength of the operating environment give us confidence in our ability to increase guidance for Core FFO per share, which reflects year-over-year growth of 5.8% at the midpoint."
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