Phillips Edison & Company Reaffirms Full Year 2026 Earnings Guidance; Increases Full Year 2026 Gross Acquisitions Guidance; Provides Investment Update

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 assetsIncreased full year 2026 gross acquisitions guidance reflects a range of $600 million to $700 millionIncreased full year 2026 disposition expectations reflect a range of $200 million to $250 millionProvided expectations for net contributions to joint ventures in a range of $200 million to $250 millionThe 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 growthThe 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.” 2026 Guidance PECO updated its full year 2026 earnings guidance, as summarized in the table below, which is based upon the Company’s current view of existing market conditions and assumptions for the year ending December 31, 2026. (1) Includes the prorated portion owned through the Company’s unconsolidated joint ventures. The Company does not provide a reconciliation for same-center NOI estimates on a forward-looking basis because it is unable to provide a meaningful or reasonably accurate calculation or estimation of certain reconciling items which could be significant to the Company’s results without unreasonable effort. The following table provides a reconciliation of the range of the Company's 2026 estimated net income to estimated Nareit FFO and Core FFO: The above statements are forward-looking and actual results could differ materially depending on market conditions and the factors set forth under "Forward-Looking Statements" below. The Company plans to provide an update on additional full year 2026 guidance components in conjunction with its Third Quarter 2026 earnings results on Monday, October 26, 2026.... Read more

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