Earnings Releases·Oct 26, 2026, 4:18 PM ET

Phillips Edison & Company — Third Quarter 2026 Earnings Summary

**Financial Performance:** Net income for the quarter rose to $62.7 million ($0.49/share) from $24.7 million ($0.20/share) in 2025, while Nareit FFO increased 9.8% to $0.69 per share; same-center NOI grew 5.3% to $122.4 million for the quarter.
**Guidance Updates:** Full-year 2026 Nareit FFO guidance midpoint increased to $2.70 (6.3% growth) and Core FFO to $2.77 (6.5% growth); net income guidance raised to $1.21–$1.24 per share, and same-center NOI growth guidance raised to 3.75%.
**Capital Activity & Liquidity:** Closed a new $350 million unsecured term loan, bringing pro forma liquidity to approximately $950 million; executed $181.8 million in acquisitions and $87.1 million in dispositions during the quarter.
**Strategic Expansion:** Extended the joint venture with Northwestern Mutual to acquire 13 grocery-anchored centers valued at $377.5 million, with the JV term extended to 2036.