Phillips Edison Q2 FY26 net income more than doubled to $41.1 million; Nareit FFO per share rises 8.1% to $0.67

Reuters2026/07/23 20:43

By:Reuters

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Phillips Edison posted Q2 net income attributable to stockholders of USD 41.1 million, more than doubled from a year earlier, or USD 0.33 a share.
Nareit FFO rose 8.1% from a year earlier to USD 0.67 per diluted share; core FFO climbed 7.8% to USD 0.69.
Same-center NOI increased 3.8% year over year to USD 120.6 million; leased portfolio occupancy edged down 0.1 percentage point to 97.3%.
Acquired USD 152.4 million of shopping centers and an outparcel at its prorated share, sold USD 64.6 million of assets; later sold another USD 39.7 million.
Raised full-year guidance for net income to USD 0.95-USD 0.97 per diluted share; lifted gross acquisitions outlook to USD 500 million-USD 600 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips Edison Co. Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607231616PRIMZONEFULLFEED9767414) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Phillips Edison Q2 FY26 net income more than doubled to $41.1 million; Nareit FFO per share rises 8.1% to $0.67

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