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    Is Phillips Edison (PECO) Using Grocery-Anchored JVs to Quietly Redefine Its Core Strategy?

    Simply Wall St·12/14/2025 17:24:00
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    • Cohen & Steers Income Opportunities REIT recently acquired Springs Plaza, a 195,000-square-foot, 99% occupied grocery-anchored center in Bonita Springs, Florida, through its ongoing joint venture with Phillips Edison & Company.
    • This fourth joint acquisition with Phillips Edison highlights the company’s continued focus on high-traffic, necessity-based retail in growing suburban coastal markets.
    • Next, we’ll examine how adding a nearly fully leased, grocery-anchored Florida center through this joint venture could reshape Phillips Edison’s investment narrative.

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    Phillips Edison Investment Narrative Recap

    To own Phillips Edison, you have to believe in the staying power of grocery anchored, necessity based centers and the company’s ability to keep them full and productive. The Springs Plaza joint venture adds another nearly fully leased asset in a growing Florida market, but it does not materially change the near term focus on maintaining high occupancy and managing interest rate and refinancing risk.

    The most relevant recent development alongside Springs Plaza is the September 2025 dividend increase to US$0.1083 per share, followed by affirmations of that payout. For many investors, that steady, rising income stream is a key near term catalyst, especially as Phillips Edison pursues measured external growth with assets like Springs Plaza that aim to support long term cash flow.

    Yet while centers like Springs Plaza help reinforce the core story, investors should still be aware of the risk that accelerating e commerce and digital grocery trends could...

    Read the full narrative on Phillips Edison (it's free!)

    Phillips Edison’s narrative projects $811.1 million revenue and $93.3 million earnings by 2028. This requires 5.3% yearly revenue growth and about a $24.5 million earnings increase from $68.8 million today.

    Uncover how Phillips Edison's forecasts yield a $39.18 fair value, a 12% upside to its current price.

    Exploring Other Perspectives

    PECO 1-Year Stock Price Chart
    PECO 1-Year Stock Price Chart

    Simply Wall St Community members currently converge on a single fair value estimate of US$39.18 per share, showing no internal dispersion in views. Against that uniform backdrop, the key catalyst of population growth and demand for necessity based retail raises important questions about how Phillips Edison might perform if those tailwinds slow or reverse, so it is worth comparing several independent viewpoints before forming your own stance.

    Explore another fair value estimate on Phillips Edison - why the stock might be worth as much as 12% more than the current price!

    Build Your Own Phillips Edison Narrative

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.