Phillips Edison earnings for the third quarter of 2026 exceeded analyst expectations, with funds from operations of $0.71 per share and revenue of $193.1 million. The grocery-anchored shopping-center owner announced the results on October 26 and updated its full-year outlook.
Key Takeaways
- Third-quarter FFO exceeded analyst expectations by $0.02 per share.
- Revenue rose 5.7% from a year earlier and topped forecasts by $2.79 million.
- Management’s updated outlook projects approximately 4.3% same-center net operating income growth for 2026.
Phillips Edison earnings exceed quarterly expectations
The quarterly results put both FFO and revenue above forecasts. Revenue growth also showed an increase from the comparable quarter of 2025, although the supplied figures do not provide a year-earlier FFO amount for a matching earnings comparison.
Phillips Edison, which trades on Nasdaq under PECO, owns and operates grocery-anchored neighborhood shopping centers across the United States. Its properties combine grocery stores with retailers offering necessity-based goods and services.
| Item | Details |
|---|---|
| 2026 diluted net income guidance | $1.21–$1.24 per share |
| 2026 Nareit FFO guidance | $2.68–$2.72 per share |
| 2026 same-center net operating income guidance | Approximately 4.3% growth |
Updated guidance sets out full-year targets
Management’s updated 2026 guidance includes separate targets for diluted net income and Nareit funds from operations. These are full-year forecasts, rather than additional quarterly results.
The previous guidance ranges were not provided, so the update does not establish whether management raised or lowered its targets. The same-center operating-income forecast addresses performance within the comparable property portfolio rather than total company revenue.
Management call scheduled for October 27
The company’s third-quarter earnings conference call announcement schedules a webcast for October 27, 2026, at noon Eastern Time. Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield are scheduled to host.
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