PECO · Phillips Edison & Company, Inc.
AI read · Good for PECO
The AI's read
This gives PECO a way to turn some established properties into money for new purchases and projects, while still earning management fees. It will give up most ownership in the 13 centers, and planned property sales also rose. Still, PECO raised its acquisition plan and expects funds from operations to grow about 6% at the midpoint, supporting a favorable read.