earnings
confidence high
sentiment positive
materiality 0.80
Phillips Edison Q2 Core FFO $0.69, up 7.8% YoY; raises 2026 guidance
Phillips Edison & Company, Inc.
- Net income $41.1M ($0.33/diluted) vs $12.8M ($0.10) in Q2 2025; Nareit FFO $0.67/diluted (+8.1% YoY), Core FFO $0.69/diluted (+7.8% YoY).
- Same-center NOI up 3.8% to $120.6M; leased portfolio occupancy 97.3%, record inline occupancy 95.5%.
- Raised full-year 2026 guidance: Core FFO per share midpoint up 6.2% YoY; gross acquisitions guidance increased to $500M-$600M.
- Acquired $152.4M (prorated) in Q2, sold $64.6M; raised $85.3M via ATM at $42.06/share. Subsequent: sold $39.7M, issued 0.2M shares at $42.20.