Quarterly ResultJul 23, 2026, 04:32 PM
Phillips Edison & Company Q2 FFO Up 8.1%; Raises 2026 Guidance
AI Summary
Phillips Edison & Company reported strong second quarter 2026 results, with Nareit FFO increasing 8.1% year-over-year to $0.67 per diluted share and Core FFO up 7.8% to $0.69 per diluted share. The company also saw a 3.8% rise in same-center Net Operating Income. Reflecting confidence in its business, PECO raised its full-year 2026 guidance for both Nareit FFO and Core FFO, and increased its gross acquisitions guidance to a range of $500 million to $600 million. Operational highlights included robust occupancy rates and significant acquisition activity during the quarter.
Key Highlights
- Q2 2026 Net Income attributable to stockholders was $41.1 million, or $0.33 per diluted share.
- Q2 2026 Nareit FFO was $0.67 per diluted share, an 8.1% year-over-year increase.
- Q2 2026 Core FFO was $0.69 per diluted share, a 7.8% year-over-year increase.
- Same-center NOI increased 3.8% year-over-year in Q2 2026.
- Increased midpoint of full year 2026 Core FFO guidance to $2.73-$2.79 per diluted share.
- Increased full year 2026 gross acquisitions guidance to $500 million to $600 million.
- Leased portfolio occupancy was 97.3%, with record-high leased inline occupancy of 95.5%.
- Acquired six shopping centers and one outparcel for $152.4 million in Q2 2026.
Price Impact
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