Phillips Edison & Company, Inc. Q2 FY26 Earnings Call | Full Recording | PECO
Full Phillips Edison & Company, Inc. (PECO) Q2 FY26 earnings call β complete recording with CEO/CFO commentary andΒ ...
Co-Founder, Chairman & Chief Executive Officer, Phillips Edison
Search every verified Jeffrey Edison interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Jeffrey Edison, chairman and CEO of Phillips Edison & Company, discussed the company's performance and outlook during the second quarter 2026 earnings call on July 24, 2026. He stated that the company is "well positioned to deliver what we view as compelling combination for our investors, more alpha with less beta" as it looks toward the second half of 2026 and into 2027. Edison noted that the company's centers generated 2% year-over-year traffic growth in June and 2% traffic growth year to date, adding that "while consumers are increasingly seeking value, they're continuing to make frequent trips to necessity-based destinations." He reported that the company had already acquired about $200 million in properties through the first quarter and had a "really strong backlog," with a target of $400 to $500 million in acquisitions for the year. In a June 2026 interview at Nareit's REITweek conference, Edison described retailer sentiment as "surprisingly positive" despite economic uncertainty, saying that "almost all the retailers looking at growth opportunities" and that the lack of new development has been "a great advantage for us." He outlined multiple capital sources for the company, including a strong balance sheet, joint ventures, a disposition strategy targeting $100 to $200 million in sales, and free cash flow that he said could fund about $300 million in incremental property purchases without accessing equity markets. Edison also noted that the company is seeing "30% more opportunities than we did last year" in the everyday retail space and that it has "already moved occupancy 450 basis points" in that area.
“As we look toward the second half of 2026 and into 2027, we believe PICO is well positioned to deliver what we view as compelling combination for our investors, more alpha with less beta.”
“We're seeing continued traffic resiliency across our portfolio. Our centers generated 2% year-over-year traffic growth in June and 2% traffic growth year to date. While consumers are increasingly seeking value, they're continuing to make frequent trips to necessity-based destinations, which reinforces the strength of o...”
“The REIT format democratizes investing in the best real estate. PICO's investors can own the best necessity-based grocery or shopping centers across growing suburban markets in the United States and our retail investors can invest alongside the biggest institutional investors in the world.”
“Pico's aggressive growth is made possible because of our restructure.”
“Pico is actively using technology including artificial intelligence to help run our business better. Currently, we have 20 active AI projects focused on efficiency and improvements.”
“Today, retail investors own 25% of our common shares, which is much higher than the shopping center peer average.”
“As Pico's largest beneficial stockholder, I have never sold a share of Pico and I have no plans in selling those shares.”
“Our low leverage at approximately 32% loan to value gives us the financial capacity to meet our growth goals.”
“We're an omni-channel landlord. Our neighborhood centers are complimentary to e-commerce and our grocers have thrived in this emerging omni-channel environment β our brick-and-mortar assets are critical to both last mile delivery and BOPUS.”
“Our shopping centers create significant economic impact for the local townships and municipalities. We provide jobs and opportunities for social connection, support local small businesses, and enhance the communities where we operate.”
“We're committed to best-in-class environmental sustainability efforts, and we're proud to be the number one in the Grev scores of the retail centers group.”
“At its heart, Pico is a growth company. We're focused on executing our growth plans through leasing activity, ground-up development and redevelopment projects, strategic portfolio management, and accretive acquisitions.”
“We believe Pico is able to deliver mid to high singledigit core FFO per share growth annually on a long-term basis.”
“We believe the quality of our cash flows reduces our beta and the strength of our growth increases our alpha. Less beta, more alpha.”
“One of the things that we really like about our business is that it has the stability to it...the stability is kind of driven by the necessity-based nature of our retail with that number one or two grocery in the market and how that drives the traffic to our centers.”
Full Phillips Edison & Company, Inc. (PECO) Q2 FY26 earnings call β complete recording with CEO/CFO commentary andΒ ...
Jeff Edison, chairman and CEO of Phillips Edison & Co. (Nasdaq: PECO), sat down for a video interview at Nareitβs REITweek: 2026 Investor Conference in New York, June 1-4. Despite ongoing economic uncertainty, retailers remain focused on long-term expansion. Edison said retailer sentiment was surprisingly positive at a recent industry gathering in Las Vegas, with many companies continuing to pursue growth despite concerns about consumer confidence and the broader economy. Read more: https://www.reit.com/news/video/phill...
Jeff Edison, chairman and CEO of Phillips Edison & Co. (Nasdaq: PECO), sat down for a video interview at Nareitβs REITweek: 2026 Investor Conference in New York, June 1-4. Despite ongoing economic uncertainty, retailers remain focused on long-term expansion. Edison said retailer sentiment was surprisingly positive at a recent industry gathering in Las Vegas, with many companies continuing to pursue growth despite concerns about consumer confidence and the broader economy. Read more: https://www.reit.com/news/video/phill...
Jeff Edison, chairman and CEO of Phillips Edison & Co., Inc. (Nasdaq: PECO), joined the REIT Report to celebrate 65 years ofΒ ...
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Jeff Edison, chairman and CEO of Phillips Edison & Co., Inc. (Nasdaq: PECO), sat down for a video interview during Nareit'sΒ ...
Jeff Edison, chairman and CEO of Phillips Edison & Company, Inc. (Nasdaq: PECO), sat down for a video interview during Nareit'sΒ ...
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