Phillips Edison reaffirms 2026 earnings and lifts acquisition and disposition outlook
Phillips Edison & Company (PECO) confirmed its full‑year 2026 earnings guidance, projecting a 6.2% rise in Core FFO per share and a 6.3% increase in Nareit FFO per share versus the prior year. The company also raised its gross acquisition target to a $600 million‑$700 million range and its disposition target to $200 million‑$250 million. Year‑to‑date through September 30, PECO bought $459.7 million of assets and sold $174.0 million. CEO Jeff Edison highlighted an expanded joint venture with Northwestern Mutual as a driver of the stronger outlook.
Why it matters
The higher acquisition and disposition guidance suggests PECO will deploy more capital in 2026, which could affect its cash flow and balance‑sheet leverage. The reaffirmed earnings growth indicates the firm expects continued profitability, supporting current valuation assumptions.
Key facts
- 1PECO reaffirmed a midpoint Nareit FFO per diluted share growth of 6.3% year‑over‑year. globenewswire.com
- 2The midpoint Core FFO per diluted share growth was reaffirmed at 6.2% year‑over‑year. globenewswire.com
- 3Full‑year 2026 gross acquisitions guidance was increased to a range of $600 million to $700 million. globenewswire.com
- 4Full‑year 2026 disposition guidance was increased to a range of $200 million to $250 million. globenewswire.com
- 5Year‑to‑date through September 30, 2026, PECO acquired $459.7 million of assets at its total prorated share. globenewswire.com
- 6Year‑to‑date through September 30, 2026, PECO sold $174.0 million of assets. globenewswire.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.