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Phillips Edison & Co Inc

Phillips Edison & Co Inc

PECO · NASDAQ · Real Estate / REIT - Retail

41.19USD-0.03 (-0.07%)

Price History

Full chart

Market Stats

Previous Close41.22
Open41.29
Day Range41.13 – 41.55
52-Week Range31.86 – 44.12
Volume673.43K
Market Cap5.29B
P/E (TTM)32.80
Forward P/E65.79
EPS1.14
Dividend Yield3.69%
Beta0.50
50-Day Avg40.16
200-Day Avg38.88

About

Phillips Edison & Company, Inc. (PECO) is one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers. PECO has generated strong results through its vertically integrated operating platform and national footprint of well-occupied shopping centers. PECO's centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO's top grocery anchors include Kroger, Publix, Albertsons and Ahold Delhaize. As of June 30, 2026, PECO managed 330 shopping centers, including 302 wholly owned centers comprising 33.9 million square feet across 31 states and 28 shopping centers owned in three institutional joint ventures. PECO is focused on creating great grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time. Phillips Edison & Company, Inc. was incorporated in 1991 and is based in Cincinnati, Ohio.

Company Details

  • SectorReal Estate
  • IndustryREIT - Retail
  • CEOMr. Jeffrey S. Edison
  • Employees320
  • Headquarters11501 Northlake Drive, Cincinnati, OH, United States, 45249, USA
  • Websitehttps://www.phillipsedison.com

Leadership

  • Mr. Jeffrey S. EdisonCo-Founder, Chairman & CEO · b. 1961
  • Mr. Robert F. MyersPresident · b. 1974
  • Mr. John P. Caulfield CPAExecutive VP, CFO & Treasurer · b. 1982
  • Mr. Joseph G. SchlosserCOO & Executive VP · b. 1975
  • Ms. Tanya E. Brady J.D.Executive VP, Secretary, Chief Legal & Administrative Officer · b. 1969
  • Ms. Jennifer L. RobisonSenior VP & Chief Accounting Officer · b. 1977
  • Mr. Gary G. BaileySenior VP & Chief Information Officer
  • Ms. Kimberly A. GreenSenior VP & Head of Investor Relations
  • Mr. Scott M. WallaceSenior VP & Chief Compliance Officer
  • Mr. Ben WilliamsonSenior VP & Head of Marketing

Financials

Income Statement

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue-79.00K17.55M73.17M188.22M242.10M257.73M311.54M430.39M536.71M498.02M532.85M575.37M610.12M661.39M732.30M
Growth (%)-+22315.19%+316.89%+157.25%+28.63%+6.46%+20.88%+38.15%+24.70%-7.21%+6.99%+7.98%+6.04%+8.40%+10.72%
Cost of Revenue-8.99M40.33M75.61M79.09M78.52M97.28M132.54M161.06M154.51M158.29M163.22M175.12M190.32M742.48M
Gross Profit-79.00K8.56M32.84M112.60M163.01M179.21M214.26M297.85M375.64M343.51M374.55M412.15M435.00M471.07M-10.19M
Gross Margin100.00%48.76%44.88%59.83%67.33%69.54%68.77%69.20%69.99%68.98%70.29%71.63%71.30%71.22%-1.39%
Operating Expense-9.81M4.35M36.48M15.83M36.31M60.91M50.41M48.52M41.38M48.82M45.23M44.37M45.61M-209.03M
Operating Income--1.25M28.49M76.12M147.18M142.91M153.35M247.44M327.12M302.13M325.73M366.91M390.64M425.46M198.85M
Operating Margin--7.15%38.94%40.44%60.79%55.45%49.22%57.49%60.95%60.67%61.13%63.77%64.03%64.33%27.15%
EBITDA1.05M6.99M27.76M73.60M143.25M138.88M150.75M243.49M322.93M298.95M322.15M355.62M380.33M410.97M505.75M
EBITDA Margin-1325.32%39.83%37.94%39.10%59.17%53.89%48.39%56.57%60.17%60.03%60.46%61.81%62.34%62.14%69.06%
Net Income-2.36M-3.35M-12.40M-22.64M13.36M8.93M-38.39M39.14M-63.53M4.77M15.12M48.32M56.85M62.69M111.30M
Net Income Margin2992.41%-19.07%-16.95%-12.03%5.52%3.47%-12.32%9.09%-11.84%0.96%2.84%8.40%9.32%9.48%15.20%
R&D-----0.10.130.110.140.010.030.10.1--
R&D as % of Total Revenue-----0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense-3.02M10.51M20.36M32.39M32.46M45.66M72.64M103.17M85.30M76.37M71.20M83.86M95.70M110.25M
Interest Expense % of Total Revenue-17.21%14.37%10.82%13.38%12.59%14.66%16.88%19.22%17.13%14.33%12.37%13.75%14.47%15.06%

Balance Sheet

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets71.89M325.41M1.72B2.15B2.23B2.38B3.53B5.16B4.83B4.68B4.67B4.74B4.87B5.05B5.29B
Total Liabilities58.01M173.14M252.00M772.51M943.02M1.16B2.05B2.75B2.66B2.66B2.19B2.14B2.21B2.41B2.70B
Total Equity13.88M106.66M1.47B1.36B1.27B1.20B1.05B2.00B1.81B1.69B2.15B2.24B2.31B2.32B2.29B
Cash6.97M1.05M460.25M15.65M40.68M8.22M5.72M16.79M17.82M104.30M92.58M5.48M4.87M4.88M3.54M
Total Debt-159.01M200.87M650.46M854.08M1.06B1.81B2.51B2.47B2.39B2.00B2.01B2.08B2.11B2.49B
Net Debt-6.97M157.95M-259.38M634.81M813.40M1.05B1.80B2.50B2.45B2.29B1.91B2.00B2.07B2.11B2.49B

Cash Flow

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow4.03M18.54M75.67M106.07M103.08M108.86M153.29M226.88M210.58M262.90M290.89M290.97M334.71M348.15M
Investing Cash Flow-198.48M-776.22M-715.77M-110.77M-226.22M-620.75M-258.87M64.18M-44.09M-180.49M-331.25M-353.39M-392.94M-392.29M
Financing Cash Flow195.13M1.21B195.50M29.73M90.69M509.38M162.44M-280.25M-129.66M-98.82M-57.83M53.95M58.01M78.80M
Capital Expenditure705.00K767.41M726.60M113.01M227.23M201.84M48.98M75.49M63.97M75.03M104.50M95.26M95.08M136.14M
Free Cash Flow3.33M-748.87M-650.93M-6.94M-124.15M-92.98M104.31M151.38M146.61M187.87M186.40M195.71M239.63M212.00M
Dividends Paid2.35M19.30M56.61M59.39M64.27M74.20M80.73M123.14M49.33M106.70M127.08M135.75M134.02M157.28M
FCF to OCF82.52%-4039.23%-860.21%-6.54%-120.45%-85.41%68.05%66.73%69.62%71.46%64.08%67.26%71.59%60.89%
Dividend Paid to FCF70.58%-2.58%-8.70%-855.84%-51.77%-79.80%77.39%81.34%33.65%56.79%68.18%69.36%55.93%74.18%

Earnings

Report DateMar 31, 2014Jun 30, 2014Sep 30, 2014Dec 31, 2014Mar 31, 2015Jun 30, 2015Sep 30, 2015Dec 31, 2015Mar 31, 2016Jun 30, 2016Sep 30, 2016Dec 31, 2016Mar 31, 2017Jun 30, 2017Sep 30, 2017Dec 31, 2017Mar 31, 2018Jun 30, 2018Sep 30, 2018Dec 31, 2018Mar 31, 2019Jun 30, 2019Sep 30, 2019Dec 31, 2019Mar 31, 2020Jun 30, 2020Aug 13, 2020Nov 9, 2020Mar 12, 2021May 19, 2021Aug 5, 2021Nov 4, 2021Feb 10, 2022May 5, 2022Aug 5, 2022Nov 3, 2022Feb 9, 2023May 2, 2023Aug 1, 2023Oct 31, 2023Feb 8, 2024Apr 25, 2024Jul 25, 2024Oct 24, 2024Feb 6, 2025Apr 24, 2025Jul 24, 2025Oct 23, 2025Feb 5, 2026Apr 23, 2026Jul 23, 2026Oct 22, 2026
EPS Estimate0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.060.040.010.060.060.070.050.080.100.080.050.150.160.150.100.130.150.100.150.160.680.70
EPS Actual0.240.300.390.010.480.480.480.380.450.420.450.450.450.450.330.110.540.510.510.420.570.390.510.510.600.45-0.060.11-0.040.560.050.070.040.090.080.080.080.120.110.090.100.140.110.090.130.170.090.150.130.170.69-
Surprise-------------------------------6.95%75.00%300.00%50.00%33.33%14.29%60.00%50.00%10.00%12.50%100.00%-6.67%-31.25%-40.00%30.00%30.77%-40.00%50.00%-13.33%6.25%1.47%-
Timing----------------------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap5.29B
Enterprise Value7.29B
Trailing P/E32.80
Forward P/E65.79
Price / Sales7.04
Price / Book1.99
EPS1.14
Book Value18.49
Revenue (TTM)750.89M
Gross Profit (TTM)533.12M
EBITDA462.84M
Profit Margin19.14%
Operating Margin28.80%
Return on Equity6.02%
Return on Assets2.55%
Shares Outstanding128.70M
Shares Float127.90M
Beta0.50
Dividend Yield3.69%
Dividend Rate1.38
Payout Ratio39.18%

Analyst Ratings

Buy
Based on 11 analystsTarget 45.08
  • Strong Buy
    4
  • Buy
    1
  • Hold
    6

Ownership Breakdown

Institutions
92.00%
Insiders
0.56%
Retail / Other
7.44%

Top Institutional Holders

  • BlackRock Inc
    22.05M17.13%
  • Vanguard Portfolio Management, LLC
    13.89M10.79%
  • State Street Corp
    7.13M5.54%
  • Vanguard Capital Management, LLC
    5.70M4.43%
  • FMR Inc
    4.13M3.21%
  • Wellington Management Company LLP
    4.01M3.12%
  • Geode Capital Management, LLC
    3.55M2.75%
  • Canada Pension Plan Investment Board
    3.35M2.60%
  • Charles Schwab Investment Management Inc
    2.36M1.84%
  • Dimensional Fund Advisors, Inc.
    1.92M1.49%
  • Duff & Phelps Inv Mgmt Co (IL)
    1.80M1.40%
  • JPMorgan Chase & Co
    1.79M1.39%
  • Engineers Gate Manager LP
    1.75M1.36%
  • The Goldman Sachs Group Inc
    1.70M1.32%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    7.69M5.97%
  • Vanguard Real Estate Index Investor
    4.74M3.68%
  • Vanguard MStar Total Stk Mkt Idx Invest
    4.01M3.11%
  • iShares Russell 2000 ETF
    3.34M2.59%
  • Vanguard Small Cap Index
    2.90M2.25%
  • Vanguard Explorer Inv
    2.10M1.63%

Dividends

202611×
0.12Nov 16, 20260.12Oct 15, 20260.12Sep 15, 20260.11Aug 17, 20260.11Jul 15, 20260.11Jun 15, 20260.11May 15, 20260.11Apr 15, 20260.11Mar 16, 20260.11Feb 17, 20260.11Jan 15, 2026
202512×
0.11Dec 15, 20250.11Nov 17, 20250.11Oct 15, 20250.11Sep 15, 20250.10Aug 15, 20250.10Jul 15, 20250.10Jun 16, 20250.10May 16, 20250.10Apr 15, 20250.10Mar 17, 20250.10Feb 18, 20250.10Jan 15, 2025
20241×
0.10Dec 16, 2024

Stock Splits

  • Jul 6, 20211:3