Phillips Edison reaffirms FY2026 Nareit FFO per share outlook at $2.67-$2.72
PECO•Phillips Edison reaffirmed its FY2026 Nareit FFO per diluted share outlook of $2.67-$2.72 and raised gross acquisitions guidance to $600 million-$700 million. It maintained its other per-share and same-center NOI outlooks and increased disposition expectations.
1. Outlook and transactions
Phillips Edison reaffirmed FY2026 guidance for net income per diluted share of $0.95-$0.97, Core FFO per diluted share of $2.73-$2.79, and same-center NOI growth of 3.40%-4.00%. At the midpoint, the company said its outlook implies 6.3% Nareit FFO growth and 6.2% Core FFO growth. It raised gross acquisitions guidance to $600 million-$700 million and disposition expectations to $200 million-$250 million. Through Sept. 30, it had acquired $459.7 million of assets at its prorated share and sold $174 million; net JV contributions are expected to be $200 million-$250 million.
