Phillips Edison & Company Increases 2026 Acquisition Guidance Following Strong Q3 Results
Phillips Edison & Company (PECO) reported strong third-quarter performance, highlighted by a 5.3% increase in Same-Center Net Operating Income (NOI) and a 9.2% rise in Core Funds From Operations (FFO) per share. CEO Jeffrey Edison attributed the growth to robust operational execution across the company's retail portfolio. Looking ahead, the company has raised its acquisition guidance for 2026 to a range of $600 million to $700 million. Furthermore, management outlined an ambitious strategic roadmap aimed at reaching $1 billion in everyday retail assets within the next 24 months.
Tickers: $PECO
Topics: earnings report FFO growth guidance increase NOI increase