Quarterly ResultApr 23, 2026, 04:17 PM
PECO Q1 Core FFO up 6.2% to $0.69; Raises FY26 Guidance
AI Summary
Phillips Edison & Company reported strong Q1 2026 financial results, with Core FFO per diluted share increasing 6.2% year-over-year to $0.69 and Nareit FFO per diluted share rising 4.7% to $0.67. Net income attributable to stockholders grew to $30.4 million. The company also increased its full-year 2026 Core FFO guidance midpoint by 5.8% and Nareit FFO guidance midpoint by 5.9%, reflecting confidence in its grocery-anchored portfolio and market-leading pricing power.
Key Highlights
- Q1 2026 Core FFO per diluted share increased 6.2% to $0.69.
- Q1 2026 Nareit FFO per diluted share increased 4.7% to $0.67.
- Same-center NOI grew 3.5% year-over-year to $122.3 million.
- Full-year 2026 Core FFO guidance midpoint raised to 5.8% YOY growth.
- Executed comparable inline new leases at a record-high rent spread of 37.9%.