Phillips Edison Expects 3%-4% Long-Term Same-Center NOI Growth

Bitget2026/10/22 19:37

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Phillips Edison expects long-term core FFO per share growth in the mid-to-high single digits, supported by internal growth and acquisitions.
Same-center NOI is projected to grow 3%-4% long term without occupancy gains; leased portfolio occupancy reached 97.3% at June 30, 2026.
Development and redevelopment spending targets $75 million-$100 million annually; 21 projects under construction carry estimated yields of 9%-12%.
Everyday Retail investments could reach $700 million-$1 billion over five years, representing up to 10% of the portfolio.
About $294 million was invested in 13 Everyday Retail centers since 2023, with underwritten unlevered returns exceeding 10%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips Edison & Co. Inc. published the original content used to generate this news brief on October 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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