Phillips Edison & Company reported third-quarter net income attributable to stockholders of $62.7 million, or $0.49 per diluted share, compared to $24.7 million in the prior year period. Nareit FFO rose 9.8% to $0.69 per diluted share and Core FFO increased 11.3% to $0.71 per diluted share. The company raised its full-year 2026 guidance, setting the midpoint for Nareit FFO at $2.70 per share and Core FFO at $2.77 per share. Same-center NOI grew 5.3% year-over-year to $122.4 million, supported by record renewal rent spreads of 25.2%. The firm also closed on a new $350 million unsecured term loan facility to refinance maturing debt and extend maturities. Phillips Edison & Company is one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers.
