Phillips Edison & Company Reaffirms Full Year 2026 Earnings Guidance; Increases Full Year 2026 Gross Acquisitions Guidance; Provides Investment Update
Key Highlights
- ➤Gross acquisitions guidance raised to $600 million-$700 million for 2026
- ➤Disposition expectations raised to $200 million-$250 million for 2026
- ➤Core FFO per share guidance reaffirmed at $2.73-$2.79
- ➤Nareit FFO per share guidance reaffirmed at $2.67-$2.72
- ➤Net joint venture contributions expected at $200 million-$250 million
Expert Statements
Jeff Edison, Chairman and Chief Executive Officer of Phillips Edison & Company (PECO)
“Our recently announced expanded joint venture with Northwestern Mutual reflects our commitment to match-funding on a larger scale, which allows PECO to maintain an investment in high-quality, stabilized assets while generating proceeds to acquire grocery-anchored centers and Everyday Retail™ centers with strong long-term growth profiles.”
Jeff Edison, Chairman and Chief Executive Officer of Phillips Edison & Company (PECO)
“In addition, we’re pleased to reaffirm our guidance for full year 2026 Core FFO per share growth, which reflects 6.2% year-over-year growth at the midpoint.”
Jeff Edison, Chairman and Chief Executive Officer of Phillips Edison & Company (PECO)
“We’re able to do this while maintaining balance sheet strength and a disciplined approach to investing that have always defined PECO.”
CINCINNATI, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today provided an update on full year 2026 investment activity, reaffirmed 2026 earnings guidance and updated 2026 acquisitions guidance.
2026 Investment Activity and Guidance Highlights: * Year to date through September 30, 2026, acquired $459.7 million in assets at PECO’s total prorated share and sold $174.0 million in assets * Increased full year 2026 gross acquisitions guidance reflects a range of $600 million to $700 million * Increased full year 2026 disposition expectations reflect a range of $200 million to $250 million * Provided expectations for net contributions to joint ventures in a range of $200 million to $250 million * The reaffirmed midpoint of full year 2026 Nareit FFO per diluted share guidance represents 6.3% year-over-year growth * The reaffirmed midpoint of full year 2026 Core FFO per diluted share guidance represents 6.2% year-over-year growth * The reaffirmed midpoint of full year 2026 same-center NOI guidance represents 3.7% year-over-year growth Jeff Edison, Chairman and Chief Executive Officer of PECO stated: “Our recently announced expanded joint venture with Northwestern Mutual reflects our commitment to match-funding on a larger scale, which allows PECO to maintain an investment in high-quality, stabilized assets while generating proceeds to acquire grocery-anchored centers and Everyday Retail™ centers with strong long-term growth profiles. In addition, we’re pleased to reaffirm our guidance for full year 2026 Core FFO per share growth, which reflects 6.2% year-over-year growth at the midpoint. We’re able to do this while maintaining balance sheet strength and a disciplined approach to investing that have always defined PECO.”
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