Phillips Edison Raises 2026 Guidance After Q2 Net Income and Core FFO Jump
PECO sits 30% above its 52-week low of $32.84.
Summary
Phillips Edison delivered a strong Q2, with net income and Core FFO per share rising year-over-year on higher rental income and record-high leased inline occupancy. Same-center NOI grew 3.8%, reflecting solid operational execution. Management raised full-year 2026 guidance significantly—net income per share to $0.95-$0.97 from $0.79-$0.81, and gross acquisitions to $500M-$600M from $400M-$500M—signaling confidence in sustained momentum. The stock is trading near its 52-week high, and this beat-and-raise quarter reinforces the bullish thesis for the shopping center REIT. The raised acquisition target suggests an active pipeline, which could further boost growth if executed at accretive cap rates.
At the time of this announcement, PECO was trading at $42.68 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $5.9B. The 52-week trading range was $32.84 to $44.38. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.