Phillips Edison raised full-year guidance for net income to $0.95-$0.97 per diluted share.
It also lifted its gross acquisitions outlook to $500 million-$600 million.
Portfolio activity
The company acquired $152.4 million of shopping centers and an outparcel at its prorated share, and sold $64.6 million of assets; it later sold another $39.7 million.
Q2 results and operating metrics
Phillips Edison posted Q2 net income attributable to stockholders of $41.1 million, more than doubled from a year earlier, or $0.33 a share.
Nareit FFO rose 8.1% from a year earlier to $0.67 per diluted share; core FFO climbed 7.8% to $0.69.
Same-center NOI increased 3.8% year over year to ; leased portfolio occupancy edged down to .
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