PECO Phillips Edison & Company (PECO) Q1 FY26 earnings call
Phillips Edison & Company delivered strong Q1 FY26 results, characterized by robust leasing activity and increased FFO guidance, driven by its resilient grocery-anchored portfolio. The company is actively pursuing accretive acquisitions and developments while navigating macroeconomic uncertainties and a notable spread between private and public market valuations, influencing its capital allocation strategy.
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PECO operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Leased rate Anchor | 98.4%And leased anchor occupancy remained strong at 98.4%, and leased inline occupancy remained high at 95%.Source: earnings call transcript | 98.4%Leased anchor occupancy remained strong at 98.4% and leased in-line occupancy was a record high 95.5%.Source: earnings call transcript | 0 pt |
| Leased rate Inline | 95%And leased anchor occupancy remained strong at 98.4%, and leased inline occupancy remained high at 95%.Source: earnings call transcript | 95.5%Leased anchor occupancy remained strong at 98.4% and leased in-line occupancy was a record high 95.5%.Source: earnings call transcript | +0.5 pt |
| Renewal rent spread | 21.2%During the first quarter, PECO delivered comparable renewal rent spreads of 21.2%.Source: earnings call transcript | 21.2%During the second quarter, PECO delivered comparable renewal rent spreads of 21.2%.Source: earnings call transcript | 0 pt |
| Retention rate | 88%So our retention rate this quarter was 88%.Source: earnings call transcript | 90%We're also retaining 90% of all of our Neighbors, and we're spending less than $1 a foot to keep those.Source: earnings call transcript | +2 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.