Quarterly ResultJul 23, 2026, 04:21 PM
Phillips Edison Q2 Net Income $41.1M; Raises 2026 FFO Guidance
AI Summary
Phillips Edison & Company, Inc. reported strong financial and operating results for Q2 2026, with net income attributable to stockholders reaching $41.1 million, or $0.33 per diluted share. The company saw significant year-over-year growth in Nareit FFO (8.1%) and Core FFO (7.8%), alongside a 3.8% increase in same-center NOI. Reflecting this performance, 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. The company also maintained strong leased portfolio occupancy at 97.3% and executed substantial acquisition and disposition activity during the quarter.
Key Highlights
- Q2 2026 net income attributable to stockholders was $41.1 million, or $0.33 per diluted share.
- Q2 Nareit FFO grew 8.1% year-over-year to $0.67 per diluted share.
- Q2 Core FFO grew 7.8% year-over-year to $0.69 per diluted share.
- Same-center NOI increased 3.8% year-over-year in Q2 2026.
- Increased 2026 Core FFO guidance midpoint by 6.2% year-over-year.
- Increased 2026 gross acquisitions guidance to $500 million-$600 million.
- Acquired $152.4 million in assets and sold $64.6 million in Q2.
- Leased portfolio occupancy remained strong at 97.3%.
Price Impact
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