Phillips Edison & Company, Inc. PECO R2K

Real Estate · REIT - Retail · United States

https://www.phillipsedison.com

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 March 31, 2026, PECO managed 326 shopping centers, including 299 wholly owned centers comprising 33.7 million square feet across 31 states and 27 shopping centers owned in three institutional joint ventures. PECO is focused on creating great omni-channel, grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time. PECO uses, and intends to continue to use, its Investors website, which can be found at https://investors.phillipsedison.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Phillips Edison & Company, Inc. was incorporated in 1991 and is based in Cincinnati, United States.

Market & Price

Market Cap

$5.57B

Current Price

$40.15

High / Low (52W)

$40.85 / $32.07

Beta

0.57

Valuation

Stock P/E

43.64

Industry PE

26.58

Forward P/E

52.42

PEG Ratio

Book Value

$18.18

Price to Book

2.21

P/S

7.54

EV/EBITDA

17.20

Dividend Yield

3.24%

Profitability & Returns

ROCE

4.67%

ROE

4.90%

ROA

2.46%

Profit Margin

15.61%

Op Margin

30.52%

EPS (Latest Qtr)

$0.24

EPS (TTM)

$0.92

Balance Sheet & Liquidity

Debt/Equity

0.96

Quick Ratio

1.08

Current Ratio

1.42

Debt

$2.49B

Total Assets

$5.29B

Current Assets

$193.89M

Working Capital

$-101.48M

Ownership

Promoter Holding

0.58%

Chg in Prom Hold

FII / Inst Holding

90.29%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

$7.85B

Total Revenue (TTM)

$739.02M

EBITDA

$456.12M

Free Cash Flow

$186.16M

Operating Cash Flow

$343.16M

Shares Outstanding

125.97M

Gross Margin

71.07%

Payout Ratio

138.11%

Growth (CAGR)

Revenue 5Y

8.09%

Profit 5Y

32.06%

Revenue (YoY)

7.00%

Earnings (YoY)

14.80%

PROS

Profit CAGR of 32.1% over 5 years.
Attractive dividend yield of 3.24%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Real Estate).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	PECO Phillips Edison & Company, Inc. R2K	40.15	43.64	$5.57B	3.24%	4.67%	4.90%	8.09%	32.06%
2	WELL Welltower Inc. SPX	205.33	99.19	$144.95B	1.44%	0.26%	3.67%	22.69%	87.90%
3	PLD Prologis, Inc. SPX	143.47	36.14	$133.76B	2.98%	4.94%	6.84%	13.74%	-0.36%
4	EQIX Equinix, Inc. SPX	1,068.04	74.07	$105.33B	1.84%	5.61%	10.06%	8.27%	24.18%
5	AMT American Tower Corporation SPX	186.96	30.11	$87.10B	3.73%	7.82%	29.95%	3.34%	12.73%
6	SPG Simon Property Group, Inc. SPX	204.91	14.25	$77.86B	4.29%	17.44%	113.59%	6.35%	29.32%
7	DLR Digital Realty Trust, Inc. SPX	190.00	50.53	$67.96B	2.57%	3.99%	5.69%	9.22%	51.32%
8	O Realty Income Corporation SPX	61.28	50.23	$57.14B	5.30%	3.27%	2.83%	19.80%	6.78%
9	PSA Public Storage SPX	303.69	31.34	$53.31B	3.95%	10.69%	20.18%	4.88%	-25.69%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.78M	2.08M	2.48M	2.55M	2.17M	2.56M	2.52M	-	-	178.31M	177.75M	182.67M	187.86M	190.74M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51.02M	50.60M	52.42M	55.70M	55.06M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	127.30M	127.15M	130.25M	132.16M	135.68M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77.51M	84.36M	78.57M	78.88M	77.72M
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49.79M	42.79M	51.67M	53.28M	57.97M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119.84M	113.17M	121.38M	145.20M	127.47M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25.67M	27.72M	28.54M	28.31M	28.69M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28.89M	14.25M	27.23M	52.59M	33.24M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	5.18M	-2.16M	2.22M	560.00K	2.46M	3.69M	1.11M	-1.19M	-8.23M	-30.07M	-1.60M	-11.35M	-13.23M	65.32M	-5.20M	-36.57M	-25.88M	4.11M	9.77M	-5.59M	11.78M	-11.19M	103.00K	5.59M	14.63M	10.08M	13.53M	11.04M	16.62M	14.45M	12.24M	17.67M	15.27M	-	-	26.31M	12.78M	24.68M	47.52M	30.38M
Diluted EPS	-	-	0.01	0.00	-	-	-	-0.01	-	-	-	-	-	-	-	-	-	-	-	-	0.12	-	0.00	0.06	0.13	0.09	0.12	0.09	0.14	0.12	0.10	0.14	0.12	-	-	0.21	0.10	0.20	0.38	0.24

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	575.37M	610.12M	661.39M	726.59M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	163.22M	175.12M	190.32M	209.74M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	412.15M	435.00M	471.07M	516.86M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	281.46M	280.81M	300.45M	319.32M
Operating Income	-710.00K	-1.71M	-1.25M	-2.02M	-	-	-	-	-	-	-	-	130.69M	154.20M	170.63M	197.54M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	361.95M	384.44M	418.41M	499.59M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	71.20M	84.23M	95.70M	110.25M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	54.53M	63.76M	69.70M	122.97M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	327.00K	-	-	-	-
Net Income	-747.00K	-2.36M	-3.35M	-12.40M	-22.64M	13.36M	8.93M	-38.39M	39.14M	-63.53M	4.77M	-	48.32M	56.85M	62.69M	111.30M
Diluted EPS	-	-	-	-	-	-	-	-	-	-0.67	0.05	-	0.42	0.48	0.51	0.89

Compounded Sales Growth

5 Years:	8.09%
1 Year:	7.00%

Compounded Profit Growth

5 Years:	32.06%
1 Year:	14.80%

Stock Price Performance

1 Year:	+17.34%
6 Months:	+14.92%
3 Months:	+3.07%
1 Month:	+1.05%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Jan 2019	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	22.71M	85.19M	325.41M	1.72B	2.15B	2.23B	2.38B	3.53B	5.16B	-	4.83B	4.68B	-	4.74B	4.87B	5.05B	5.29B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	115.07M	125.08M	135.43M	193.89M
Cash & Equivalents	200.00K	707.00K	6.97M	7.65M	460.25M	15.65M	40.68M	8.22M	5.72M	16.79M	-	17.82M	104.30M	-	5.48M	4.87M	4.88M	3.54M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	1.56M	0	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37.79M	45.35M	47.41M	53.56M
Total Liabilities	-	21.56M	58.01M	173.14M	252.00M	742.63M	934.46M	1.16B	2.05B	2.75B	-	2.66B	2.66B	-	2.14B	2.21B	2.41B	2.70B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	210.67M	315.82M	226.60M	295.38M
Long Term Debt	-	-	-	-	-	650.46M	845.51M	1.06B	1.81B	2.44B	-	2.35B	2.29B	-	1.82B	1.79B	2.07B	2.28B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.01B	2.08B	2.23B	2.49B
Total Equity	-	1.16M	13.88M	106.66M	1.47B	1.36B	1.27B	1.20B	1.05B	2.00B	2.41B	1.81B	1.69B	-	2.24B	2.31B	2.32B	2.29B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117.13M	122.02M	125.12M	125.79M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	201.00K	593.00K	4.03M	18.54M	75.67M	106.07M	103.08M	108.86M	153.29M	226.88M	210.58M	-	290.89M	290.97M	334.71M	348.15M
Investing Cash Flow	-	-21.25M	-56.15M	-198.48M	-776.22M	-715.77M	-110.77M	-191.33M	-640.74M	-258.87M	64.18M	-44.09M	-	-331.25M	-353.39M	-392.94M	-392.29M
Financing Cash Flow	200.00K	21.55M	61.82M	195.13M	1.21B	195.50M	29.73M	90.69M	509.38M	162.44M	-280.25M	-129.66M	-	-57.83M	53.95M	58.01M	78.80M
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-	-	-104.50M	-95.26M	-95.08M	-136.14M
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	186.40M	195.71M	239.63M	212.00M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-98.18M	-8.47M	-229.00K	34.66M
Share Buybacks	-	-	56.00K	35.00K	849.00K	3.32M	74.47M	20.30M	46.54M	53.15M	34.67M	5.27M	77.77M	0	0	-	-
Dividends Paid	-	-	-	-	-	-	34.91M	33.70M	38.68M	-	-	-	-	-	-	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	71.6%	71.3%	71.2%	71.1%
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	22.7%	25.3%	25.8%	27.2%
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	-	8.4%	9.3%	9.5%	15.3%
ROE %	-64.6%	-17.0%	-3.1%	-0.8%	-1.7%	1.1%	0.7%	-3.7%	2.0%	-3.5%	0.3%	-	2.2%	2.5%	2.7%	4.9%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	2.9%	3.4%	3.5%	4.0%

Shareholding Pattern

Insiders

0.58%

Institutions

90.29%

Public Float

90.81%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	17.51%	22.05M	$885.35M
2	Vanguard Portfolio Management LLC	11.02%	13.89M	$557.58M
3	State Street Corporation	5.66%	7.13M	$286.25M
4	Vanguard Capital Management LLC	4.52%	5.70M	$228.67M
5	Wellington Management Group, LLP	4.14%	5.21M	$209.27M
6	FMR, LLC	3.28%	4.13M	$165.92M
7	Geode Capital Management, LLC	2.81%	3.55M	$142.34M
8	Canada Pension Plan Investment Board	2.62%	3.30M	$132.36M
9	Charles Schwab Investment Management, Inc.	1.88%	2.36M	$94.89M
10	Dimensional Fund Advisors LP	1.51%	1.90M	$76.25M

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PECO · Real Estate