Retail REITs have been one of the steadier income plays in 2026. Grocery-anchored and strip-center landlords are benefiting from limited new supply and strong tenant demand, with many properties holding high occupancy and pushing rents higher as retailers compete for space.
Phillips Edison & Company (PECO) is now adding to that dividend-growth trend. On Sept. 1, the board raised its monthly dividend by 6.2%, to $0.115 per share from $0.1083. That brings the annualized payout to $1.38 from $1.30. Shareholders of record as of Sept. 15 will receive the first payment at the new rate on Oct. 1.
