Increased Guidance for 2025
PECO increased its guidance for NAREIT and core FFO per share, with midpoints representing a 6.8% and 6.6% growth, respectively.
Strong Leasing Performance
The company reported record-high comparable renewal rent spreads of 23.2% and comparable new leasing rent spreads of 24.5%.
High Occupancy Rates
Portfolio occupancy remained high at 97.6%, with anchor occupancy at 99.2%.
Substantial Acquisitions
Year-to-date gross acquisitions amounted to $376 million, with $96 million of assets acquired since June 30.
Robust Financial Position
The company has approximately $977 million of liquidity and no meaningful maturities until 2027.