Real Estate·Retail REITs·$5.0B
Phillips Edison & Co (PECO) is a real estate investment trust (REIT) that focuses on owning and managing grocery-anchored shopping centers. As consumer spending patterns evolve, particularly with a shift towards online shopping, the performance of retail REITs like PECO is crucial for investors looking to understand the retail landscape.
Funds from Operations (FFO)
FFO is a key performance indicator for REITs, reflecting their ability to generate cash flow from operations.
Occupancy Rate
A high occupancy rate indicates strong demand for retail space, which is vital for revenue generation.
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EPS Beat Streak
0Q
EPS Beat Rate
25%
Avg EPS Surprise
-0.87%
Avg Stock Reaction
-0.03%
In Q1 2026, PECO reported earnings per share (EPS) of $0.67, matching analyst expectations. The stock reacted positively, gaining 2.09% the following day.
Management Promises & Guidance
Overall, expectations for PECO's upcoming earnings are cautious, given the mixed performance in previous quarters. Investors are closely watching occupancy rates and any updates on tenant performance.
Bull Case
If PECO can report strong occupancy rates and positive same-store sales growth, it could signal resilience in the retail sector, leading to a positive stock reaction.
Bear Case
Conversely, if occupancy rates decline or management provides a pessimistic outlook on consumer spending, it could lead to a negative reaction in the stock.
Funds from Operations (FFO)
N/AFFO is a key performance indicator for REITs, reflecting their ability to generate cash flow from operations.
Occupancy Rate
N/AA high occupancy rate indicates strong demand for retail space, which is vital for revenue generation.
Same-Store Sales Growth
N/AThis metric shows how well existing properties are performing, providing insight into tenant health and consumer spending.
The print will turn on these two things.
Q1
What is the current occupancy rate and how does it compare to previous quarters?
Occupancy rates are critical for revenue generation and will indicate the health of PECO's properties and tenant demand.
Q2
Can management provide insights into same-store sales growth for key tenants?
Understanding tenant performance will help gauge consumer spending trends and the overall health of the retail environment.
Why consensus could be wrong
The Street may be underestimating the resilience of grocery-anchored retail spaces, especially as consumer preferences shift back towards in-person shopping.
Supporting Evidence
Recent trends show increased foot traffic in grocery stores, which could positively impact PECO's properties.
Management's previous commitments to enhancing tenant experiences may not be fully reflected in current expectations.
The historical performance of grocery-anchored centers during economic downturns suggests stability that the market may overlook.
Key Risk
If occupancy rates exceed 95%, it could challenge the current cautious sentiment and shift investor expectations.
Pre-commit to what would confirm each case.
The core thesis revolves around the health of PECO's properties and the retail sector's resilience in the face of changing consumer behaviors.
Bull Confirmed If
An occupancy rate above 95% would confirm strong demand and support the bull case.
Bear Confirmed If
An occupancy rate below 90% would raise concerns about tenant demand and confirm the bear case.
Implied Move
±N/A
There is currently no options market data available to gauge investor sentiment.
Likely market behavior by outcome — not investment advice.
Beat & Raise
If PECO beats expectations, history suggests the stock could rise by around 0.17%, confirming a positive outlook for the retail sector.
In-Line / Cautious
If results are in line but management's commentary is cautious, the stock may experience little movement as investors reassess their outlook.
Miss
If PECO misses expectations, history suggests a potential decline of about 0.14%, reflecting investor concerns about occupancy and tenant performance.
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MEDPACE HLDGS INC
Jul 20, 2026