PECO Announces $500M-$600M in Projected Gross Acquisitions for 2026 and Raises Full-Year FFO Guidance
Phillips Edison & Company (NASDAQ: PECO) has signaled its intent to complete gross acquisitions valued between $500 million and $600 million by the end of 2026. The company also raised its full-year funds from operations per share guidance, reflecting strong performance in Q2 with Nareit FFO growth at 8.1% and core FFO growth at 7.8%. Same-center net operating income (NOI) rose by 3.8%, according to Co-Founder, Chairman & CEO Jeffrey Edison. The updated acquisition target highlights PECO's confidence in its capital deployment strategy amid a favorable market environment for real estate investments. The raised FFO guidance suggests improved operational efficiency and performance expectations for the year ahead.
Topics: real_estate reit_performance