Phillips Edison & Company Reports Second Quarter 2026 Results

CINCINNATI, July 23, 2026 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today reported financial and operating results for the period ended June 30, 2026 and provided updated 2026 earnings guidance. For the three and six months ended June 30, 2026, net income attributable to stockholders was $41.1 million, or $0.33 per diluted share, and $71.5 million, or $0.56 per diluted share, respectively.

Highlights for the Second Quarter and Subsequent * Reported Nareit FFO of $0.67 per diluted share, representing 8.1% year-over-year growth * Reported Core FFO of $0.69 per diluted share, representing 7.8% year-over-year growth * Increased same-center NOI year-over-year by 3.8% * The increased midpoint of full year 2026 Nareit FFO per diluted share guidance represents 6.3% year-over-year growth * The increased midpoint of full year 2026 Core FFO per diluted share guidance represents 6.2% year-over-year growth * The increased midpoint of full year 2026 same-center NOI guidance represents 3.7% year-over-year growth * Increased full year 2026 gross acquisitions guidance reflects a range of $500 million to $600 million * Reported strong leased portfolio occupancy of 97.3% and same-center leased portfolio occupancy of 97.5% * Reported record-high leased inline occupancy and record-high same-center leased inline occupancy of 95.5% * Executed comparable portfolio new leases at a rent spread of 33.7% and comparable inline new leases at a rent spread of 32.2% during the quarter * Executed comparable portfolio and inline renewal leases at a rent spread of 21.2% during the quarter * Acquired six shopping centers and one outparcel for a total of $152.4 million at PECO’s total prorated share and sold $64.6 million in assets * Generated net proceeds of $85.3 million through the issuance of 2.0 million common shares at a gross weighted average price of $42.06 per common share through PECO’s ATM program * Subsequent to quarter end, sold $39.7 million in assets * Subsequent to quarter end, generated net proceeds of $6.4 million through the issuance of 0.2 million common shares at a gross weighted average price of $42.20 per common share through PECO’s ATM program Management Commentary