Quarterly ResultOct 26, 2026, 04:21 PM
Phillips Edison Q3 Net Income $62.7M; Raises 2026 Guidance
AI Summary
Phillips Edison & Company announced its third quarter 2026 financial results, reporting net income of $62.7 million, or $0.49 per diluted share. The company saw year-over-year growth in both Nareit FFO (7.8%) and Core FFO (9.2%), with same-center NOI increasing by 5.3%. Guidance for full-year 2026 Nareit FFO and Core FFO was raised. Significant transactions included $181.8 million in acquisitions and $87.1 million in dispositions during the quarter, alongside an expansion of their joint venture with Northwestern Mutual.
Key Highlights
- Phillips Edison & Company reported Q3 2026 net income of $62.7 million, or $0.49 per diluted share.
- Nareit FFO for Q3 2026 was $0.69 per diluted share, a 7.8% year-over-year increase.
- Core FFO for Q3 2026 was $0.71 per diluted share, a 9.2% year-over-year increase.
- Same-center NOI increased by 5.3% year-over-year.
- Full year 2026 Nareit FFO per diluted share guidance midpoint increased to $2.70.
- Full year 2026 Core FFO per diluted share guidance midpoint increased to $2.77.
- Acquired $181.8 million in assets during Q3 2026 and sold $87.1 million in assets.
- Expanded and extended joint venture partnership with Northwestern Mutual for 13 shopping centers valued at approximately $377.5 million.
Price Impact
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