| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 4.05 | 17.4% | 22.0% |
| Total Income | 4.05 | 17.4% | 22.0% |
| Expenditure | -37.26 | 37.3% | 285.3% |
| PBT | — | ||
| Net Profit | 41.12 | 35.4% | 221.8% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 0.33 | 37.5% | 230.0% |
Phillips Edison & Company Reports Strong Second Quarter 2026 Results with Increased Guidance
24 Jul 2026 · 24 Jul, 2:02 am
Summary
Phillips Edison & Company reported strong financial and operating results for the second quarter ended June 30, 2026. Net income attributable to stockholders was $41.1 million, or $0.33 per diluted share. Key performance indicators showed significant growth, with Nareit FFO up 9.0% year-over-year to $93.7 million and Core FFO up 8.3% to $95.5 million. Same-center NOI increased by 3.8% to $120.6 million, and the company achieved record-high leased inline occupancy. Management expressed confidence in the business, leading to an increase in full-year 2026 guidance for Nareit FFO and gross acquisitions.
Key Highlights
- 1
Phillips Edison & Company reported net income attributable to stockholders of $41.1 million, or $0.33 per diluted share, for the second quarter of 2026.
- 2
Nareit FFO for the second quarter of 2026 increased 9.0% year-over-year to $93.7 million, or $0.67 per diluted share.
- 3
Core FFO for the second quarter of 2026 increased 8.3% year-over-year to $95.5 million, or $0.69 per diluted share.
- 4
Same-center net operating income (NOI) for the second quarter of 2026 increased by 3.8% year-over-year to $120.6 million.
- 5
The company reported record-high leased inline occupancy of 95.5% as of June 30, 2026.
- 6
Full year 2026 guidance for Nareit FFO per diluted share was increased, reflecting an anticipated 6.3% year-over-year growth.
- 7
Full year 2026 gross acquisitions guidance was also increased to a range of $500 million to $600 million.
Management Comments
Jeff Edison
Our second quarter results demonstrate the strength of PECO’s high-quality portfolio and our ability to convert strong operating fundamentals into long-term earnings growth. We continue to generate Alpha through occupancy gains, acquisitions, rent spreads, retention, development, redevelopment and portfolio recycling. We are able to do this while maintaining balance sheet discipline and a thoughtful approach to investing that have always defined PECO. Our confidence in our business is reflected in our increased guidance. The increased midpoint of 2026 Core FFO per diluted share guidance represents 6.2% year-over-year growth, and increased 2026 gross acquisitions guidance reflects a range of $500 million to $600 million. We are well positioned for strong growth in 2027 and beyond. We believe PECO offers investors a compelling opportunity for more Alpha with less Beta.
Informational and educational content only. Not investment advice.