Phillips Edison & Company, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 27, 2026, reporting net income of $68.6 million for the third quarter.

Key Highlights

  • Total revenues: The company reported total revenues of $193.1 million for the three months ended September 30, 2026, up from $182.7 million in the same period of 2025, according to the filing.
  • Net income: Net income for Q3 2026 was $68.6 million, compared to $27.2 million for Q3 2025, including a gain on disposal of property, net, of $40.6 million.
  • Year-to-date net income: For the nine months ended September 30, 2026, net income was $147.1 million, versus $70.4 million for the same period in 2025.
  • Total assets: Total assets as of September 30, 2026 stood at $5.551 billion, up from $5.286 billion at December 31, 2025.
  • Earnings per share: Net income per share attributable to stockholders was $0.49 basic and $0.49 diluted for Q3 2026, versus $0.20 basic and diluted for Q3 2025.
  • Common stock outstanding: As of October 20, 2026, there were 129.0 million shares of common stock outstanding.
  • Quarterly distribution: Common distributions declared were $0.3316 per share for Q3 2026, compared to $0.3133 per share for Q3 2025.

Phillips Edison Q3 2026 Financial Results and Balance Sheet Overview

According to the filing, Phillips Edison & Company (NASDAQ:PECO), a Maryland corporation headquartered in Cincinnati, Ohio, reported total revenues of $193.1 million for the three months ended September 30, 2026, driven primarily by rental income of $188.9 million. This compared to rental income of $178.3 million in Q3 2025. For the nine-month period, rental income reached $559.7 million versus $525.9 million in the prior year period. Fees and management income for the quarter were $3.5 million, and other property income was $0.7 million, the filing disclosed.

The company reported net income of $68.6 million for Q3 2026, which the filing attributed in part to a gain on disposal of property, net, of $40.6 million, compared to a gain of $4.3 million in Q3 2025. Total operating expenses for the quarter were $135.3 million, including depreciation and amortization of $68.9 million. Interest expense, net, was $28.1 million for the quarter. Net income attributable to stockholders for Q3 2026 was $62.7 million, with $5.9 million attributable to noncontrolling interests, according to the filing.

On the balance sheet as of September 30, 2026, the filing disclosed total assets of $5.551 billion, including net investment in real estate assets of $5.056 billion and real estate investments and other assets held for sale of $152.1 million, a line that carried no balance at December 31, 2025. Total debt obligations, net, were $2.521 billion, up from $2.375 billion at year-end 2025. Total equity was $2.699 billion, consisting of total stockholders' equity of $2.410 billion and noncontrolling interests of $289.5 million. The accumulated deficit as of September 30, 2026 was $1.370 billion, compared to $1.379 billion at December 31, 2025.

What Was Disclosed

Phillips Edison & Company filed its quarterly report for the period ended September 30, 2026, disclosing Q3 revenues of $193.1 million, net income of $68.6 million, total assets of $5.551 billion, and distributions of $0.3316 per common share for the quarter.