PECO

Wall Street analysts predict Phillips Edison & Company (PECO) will report Q3 earnings of $0.70 per share, up 7.7% year-over-year, with revenues forecasted at $194.58 million, representing a 6.5% increase. However, the consensus EPS estimate has been revised downward by 0.4% over the past 30 days. PECO is rated Zacks Rank #3 (Hold) and is expected to mirror overall market performance.

Phillips Edison & Company (PECO) is highlighted as an attractive dividend stock with a 3.69% yield and annualized dividend of $1.38, up 10.1% year-over-year. The company has increased dividends 5 times over the last 5 years with an average annual increase of 4.79%. With solid earnings growth projected at 6.54% for 2026 and a conservative 48% payout ratio, PECO offers income investors a compelling opportunity, though it carries a Zacks Rank of #3 (Hold).

Phillips Edison & Company (PECO) expanded its joint venture with Northwestern Mutual by $377.5 million, extending the partnership through 2036. The expansion involves transferring 13 grocery-anchored shopping centers to the joint venture, with Northwestern Mutual holding 86% and PECO retaining 14%.

PECO will continue providing management services and use the capital generated to fund future acquisitions and development opportunities. Following completion, PECO's unconsolidated joint venture portfolio is expected to include over 40 shopping centers valued at approximately $1.2 billion.