Phillips Edison & Company Reaffirms Full Year 2026 Earnings Guidance; Increases Full Year 2026 Gross Acquisitions Guidance; Provides Investment Update
Phillips Edison reaffirmed full year 2026 guidance, with the Core FFO midpoint of $2.73-$2.79 representing 6.2% year-over-year growth and same-center NOI growth of 3.7% at midpoint. The company raised gross acquisitions guidance to $600-$700 million from $500-$600 million and lifted disposition expectations to $200-$250 million, having already acquired $459.7 million and sold $174.0 million year to date.
Key figures
- Eps
- $0.95 - $0.97 (2026 net income per diluted share guidance)
- Guidance
- 2026 Nareit FFO $2.67-$2.72, Core FFO $2.73-$2.79 reaffirmed; gross acquisitions raised to $600M-$700M from $500M-$600M; dispositions $200M-$250M; net JV contributions $200M-$250M; same-center NOI growth 3.40%-4.00%
- Square feet
- 33.9 million
- Core ffo growth
- 6.2% YoY at midpoint
- Ytd acquisitions
- 459700000
- Ytd dispositions
- 174000000
- Nareit ffo growth
- 6.3% YoY at midpoint
- Wholly owned centers
- 302
- Same center noi growth
- 3.7% YoY at midpoint
- Shopping centers managed
- 330
AI analysis
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