Phillips Edison & Company, Inc. (PECO) Earnings Call Transcripts
Phillips Edison & Company, Inc.'s Latest Earnings Call - May 26, 2026
In the Q1 2026 earnings call for Phillips Edison & Company, Inc. (PECO:US), management highlighted strong leasing demand and a robust acquisition pipeline, signaling positive momentum for the company. Revenue and earnings figures were not explicitly mentioned, but management affirmed their acquisition guidance of $400 million to $500 million for the year. The overall tone from the ICSC event was optimistic, with management noting high occupancy rates and pricing power due to limited supply and strong demand in grocery-anchored shopping centers.
Reported metrics
| Metric | Value |
|---|---|
| Occupancy Rate | 97% (beat) |
| Acquisition Guidance | $400M - $500M (inline) |
| ABR from Necessity-Based Goods | 74% (positive) |
| New Leases Executed | 60+ (positive) |
| Everyday Retail Portfolio Construction | $220M (positive) |
| Average Unit Volume (AUV) for QSR | $3M (positive) |
Guidance from management
Management maintained their acquisition guidance of $400 million to $500 million for 2026, indicating confidence in their growth strategy amidst a competitive market.
What management said
With that, let's start the roundtable. Vasili, our first question is for you. Can you provide an overview of the current leasing environment? And also what stood out most to you this year at ICSC?
And another follow-up question for you. The continued to be -- there continues to be headlines regarding the consumer backdrop, given higher energy prices, higher inflation and consumer credit, Vasili, what did you hear from PECO's retailers regarding the consumer?
What analysts pressed on
Analysts raised concerns about the potential impact of rising interest rates on acquisition costs and the sustainability of high occupancy rates in a changing retail environment. There were questions about how PECO plans to navigate these challenges while maintaining growth.
Main topics on the call
- Leasing Demand and Occupancy — PECO reported a 97% occupancy rate and all-time high leasing rates, driven by strong demand for grocery-anchored centers. Vasili Lyhnakis stated, "I've never seen the demand this strong," indicating a favorable leasing e...
- Acquisition Pipeline — Management affirmed their acquisition guidance of $400 million to $500 million for 2026, with a strong pipeline of opportunities. David Wik noted, "Our pipeline remains very strong," reflecting confidence in future growt...
- Consumer Confidence and Retail Trends — Despite concerns about consumer confidence, PECO's focus on necessity-based goods positions it well. Lyhnakis mentioned, "74% of our ABR comes from necessity-based goods and services," highlighting resilience in their te...
- Everyday Retail Expansion — PECO is expanding into everyday retail, with a focus on smaller shop formats that complement grocery anchors. Management sees this as a significant growth opportunity, stating, "We're in the first inning in this category...
Read the full Phillips Edison & Company, Inc. transcript (May 26, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. (PECO) is a publicly listed company in the Retail REITs industry, within the Real Estate sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 52 calls on record spanning February 27, 2020 to July 24, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 52 Phillips Edison & Company, Inc. earnings call transcripts on record, spanning February 27, 2020 to July 24, 2026. Based on this history, Phillips Edison & Company, Inc. reports quarterly. The most recent call on file is dated July 24, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- PECO
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Real Estate
- Industry
- Retail REITs
- Calls on record
- 52
- First call
- February 27, 2020
- Most recent
- July 24, 2026
- Reporting cadence
- quarterly