Phillips Edison & Company releases Q3 2026 supplemental financial data

Phillips Edison & Company, Inc. (PECO) has issued its supplemental financial information for the third quarter of 2026. The filing serves as a companion to the company's quarterly Form 10-Q and annual Form 10-K reports submitted to the U.S. Securities and Exchange Commission. The document outlines the operational and financial condition of the real estate investment trust, which operates high-quality, grocery-anchored neighborhood shopping centers.

The supplemental package includes a detailed overview of earnings and a consolidated balance sheet, reflecting the company's position as one of the nation's largest owners and operators in its sector. It provides granular data on consolidated statements of operations, cash flows, and same-center net operating income analysis. The report also breaks down joint venture summaries and capital expenditures, offering a view into the physical maintenance and development activities of the portfolio.

Financial metrics extend beyond standard GAAP measures to include Nareit FFO, Core FFO, and Adjusted FFO, alongside EBITDAre metrics. These non-GAAP figures are presented for both annual and quarterly periods, allowing for a comparison of performance trends. The disclosure also details capitalization and debt ratios, including a summary of outstanding debt and a schedule of maturities. Covenant disclosures are included to specify the terms under which the company operates its borrowing facilities.

The portfolio summary section maps the company's assets by state and neighbor category, highlighting wholesale occupancy and average base rent levels. It lists the top 25 neighbors by ABR and categorizes tenants by type and industry. Lease data covers new, renewal, and option leases, as well as upcoming expirations, providing insight into future rental income stability. A property list is included to identify specific assets within the portfolio.

Transactional data summarizes acquisitions and dispositions, while additional disclosures cover earnings guidance and the components of net asset value. The company notes that forward-looking statements in the document are subject to risks such as economic changes, tenant financial stability, interest rate fluctuations, and cybersecurity incidents. These factors could cause actual results to differ from projections. The company states it does not undertake an obligation to update these statements except as required by law.

The filing emphasizes that non-GAAP measures should not be viewed as alternatives to GAAP measures like net income or cash flows from operations. The company cautions that these metrics may not reflect the impact of general and administrative expenses, depreciation, or interest expense. Readers are advised to review non-GAAP measures in connection with GAAP measurements to gain a complete understanding of financial performance.