Phillips Edison expects 3%-4% long-term same-center NOI growth
PECO•PECO•PECO•PECO•Phillips Edison expects long-term same-center NOI growth of 3%-4% and mid-to-high single-digit core FFO per-share growth. It targets $75 million-$100 million in annual development and redevelopment spending, with 21 projects under construction estimated to yield 9%-12%.
Phillips Edison expects long-term core FFO per-share growth in the mid-to-high single digits, supported by internal growth and acquisitions. It projects same-center NOI growth of 3%-4% without occupancy gains; leased portfolio occupancy was 97.3% at June 30, 2026.
The company targets $75 million-$100 million in annual development and redevelopment spending. Its 21 projects under construction carry estimated yields of 9%-12%. Everyday Retail investments could reach $700 million-$1 billion over five years, or up to 10% of the portfolio. Since 2023, Phillips Edison has invested about $294 million in 13 Everyday Retail centers, with underwritten unlevered returns exceeding 10%.
