Phillips Edison & Company (PECO) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.16
- Estimate
- $0.15
- Surprise
- +1.1%
- Revenue (period 2026-09-30)
- $193.1M
- Score at report (before → after)
- 5.8 → 5.7/10
Revenue source: yfinance_provisional (provisional — SEC XBRL not yet filed for this period).
How the report landed
Phillips Edison & Company (PECO) beat the $0.15 estimate with adjusted EPS of $0.16 — a modest 1.1% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.8/10) to Sell at 5.7/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates PECO Sell at 5.5/10.
2 of the last 4 quarters beat the estimate; this quarter's +1.1% surprise compares with a -3.8% four-quarter average. Next scheduled report: 2027-02-04.
What argues against it
- REIT tenant concentration cliff: 83% of NOI from #1 or #2 grocer anchors (≥40% threshold). Single-tenant churn risk dominates spot FFO.
- Concentration risk — Property Type: grocery-anchored shopping centers (95.0%)
- Concentration risk — Tenant: #1 or #2 grocer anchors (83.3%)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $37.72
- Stop
- $36.32
Forward estimates sit below the trailing run-rate (53.8× forward vs 26.4× trailing) — consensus expects earnings to decline from here.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
PECO at TrendMatrix's latest read
REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.
- Industry
- REIT - Retail
- Market cap
- $5.32B
- P/E (fwd)
- 53.8
- P/E (ttm)
- 26.4
- 52-week range
- $33.10–$44.38
- Off 52-week high
- 15.0%
- RSI (14)
- 54
- Volume vs avg
- 0.92×
- Score today
- 5.5/10