Phillips Edison & Company Reports Third Quarter 2026 Results
Phillips Edison reported Q3 2026 net income of $62.7 million ($0.49 diluted EPS) on $193.1 million of revenue, with Core FFO up 11.3% YoY to $0.71 per share and same-center NOI up 5.3%. The company raised its FY26 guidance: Nareit FFO midpoint to $2.70 (+6.3% YoY) and Core FFO midpoint to $2.77 (+6.5%), on record renewal rent spreads of 25.2% and 97.5% leased occupancy.
Key figures
- Eps
- 0.49
- Revenue
- 193088000
- Guidance
- FY26 Nareit FFO $2.68-$2.72 (midpoint $2.70, +6.3% YoY); Core FFO $2.75-$2.79 (midpoint $2.77, +6.5% YoY); same-center NOI growth 3.50%-4.00%; gross acquisitions $600M-$700M; dispositions $175M-$210M
- Revenue Yoy
- 5.7%
- Core ffo yoy
- 9.2%
- New term loan
- 350000000
- Nareit ffo yoy
- 7.8%
- Q3 acquisitions
- 181800000
- Q3 dispositions
- 87100000
- Core ffo per share
- 0.71
- Jv expansion value
- 377500000
- Same center noi q3
- 122371000
- Renewal rent spread
- 25.2%
- Same center noi yoy
- 5.3%
- Nareit ffo per share
- 0.69
- Net debt to ebitdare
- 5.2x
- New lease rent spread
- 26.3%
- Total liquidity pro forma
- 950000000
- Leased portfolio occupancy
- 97.5%
- Same center leased occupancy
- 97.8%
AI analysis
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