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REAL ESTATE ACTIVITY - Schedule of Real Estate Acquisition Activity (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2026 USD ($) property parcel	Jun. 30, 2025 USD ($) parcel property
Real Estate Investments, Net [Abstract]
Number of properties acquired | property	10	10
Number of outparcels acquired | parcel	1	0
Contract price | $	$ 266,902	$ 266,445
Total price of acquisitions | $	$ 268,389	$ 268,108
Number of properties owned acquired adjacent to new acquisition | property	1

X

- Definition

The number of real estate acquisitions by the entity during the period.

+ References

No definition available.

+ Details

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Namespace Prefix:	peco_
Data Type:	xbrli:integerItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Number of Real Estate Properties Owned Next To Acquired Property

+ References

No definition available.

+ Details

Name:	peco_NumberOfRealEstatePropertiesOwnedNextToAcquiredProperty
Namespace Prefix:	peco_
Data Type:	xbrli:integerItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Number of undeveloped land parcels purchased.

+ References

No definition available.

+ Details

Name:	peco_NumberofLandParcelsPurchased
Namespace Prefix:	peco_
Data Type:	xbrli:integerItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Real Estate Investment Property, Acquisitions, Contract Price

+ References

No definition available.

+ Details

Name:	peco_RealEstateInvestmentPropertyAcquisitionsContractPrice
Namespace Prefix:	peco_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-13

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration