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PECO

Phillips Edison & Company, Inc.

PECO

Phillips Edison & Company, Inc. • NASDAQ
$35.50 ▲ 0.40% (+0.14)
Market Cap $4.47 B
52w High $39.70
52w Low $32.40
Dividend Yield 1.14%
P/E 53.79
Volume 373.02K
Outstanding Shares 125.80M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $294.483M ▲ $214.832M ▲ $28.94M ▲ 9.827% ▲ $0.2 ▲ $125.63M ▲
Q2-2025 $177.753M ▼ $12.922M ▲ $12.784M ▼ 7.192% ▼ $0.1 ▼ $112.102M ▼
Q1-2025 $178.311M ▲ $12.086M ▲ $26.309M ▲ 14.755% ▲ $0.21 ▲ $113.266M ▲
Q4-2024 $173.048M ▲ $11.551M ▲ $18.142M ▲ 10.484% ▲ $0.15 ▲ $100.776M ▼
Q3-2024 $165.527M $11.114M $11.602M 7.009% $0.095 $105.573M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $20.32M ▲ $5.262B ▼ $2.683B ▲ $2.278B ▼
Q2-2025 $19.388M ▲ $5.269B ▲ $2.675B ▲ $2.29B ▼
Q1-2025 $14.397M ▲ $5.162B ▲ $2.541B ▲ $2.311B ▼
Q4-2024 $4.881M ▼ $5.046B ▲ $2.412B ▲ $2.32B ▲
Q3-2024 $15.745M $4.95B $2.371B $2.249B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $27.228M ▲ $95.423M ▼ $-46.188M ▲ $-52.6M ▼ $-3.365M ▼ $59.067M ▼
Q2-2025 $14.252M ▼ $96.12M ▲ $-165.566M ▼ $70.769M ▼ $1.323M ▲ $63.131M ▲
Q1-2025 $28.893M ▲ $60.542M ▼ $-163.556M ▼ $102.218M ▲ $-796K ▼ $34.175M ▼
Q4-2024 $20.181M ▲ $84.003M ▼ $-133.323M ▼ $48.636M ▲ $-684K ▲ $44.559M ▼
Q3-2024 $11.602M $109.108M $-116.385M $5.662M $-1.615M $84.354M

Revenue by Products

Product Q1-2018Q2-2018Q3-2018
Investment Management
Investment Management
 $0 ▲$0 ▲$0 ▲
Owned Real Estate
Owned Real Estate
 $90.00M ▲$90.00M ▲$100.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been rising steadily over the past several years, and key profit measures have expanded along with it. The company appears to be turning higher rent and better leasing terms into healthier operating profits. While bottom-line earnings are still modest relative to the overall business size, they have grown from almost break-even to a consistently positive level. This points to a business that is scaling well and gaining efficiency, not just growing for growth’s sake.

Balance Sheet

Balance Sheet The balance sheet looks reasonably balanced for a retail-focused REIT. The asset base has inched up over time, and shareholder equity has grown, which suggests retained value creation. Debt levels are material, as is typical for real estate, but they have been broadly stable rather than aggressively increasing. Cash on hand is quite lean, which puts more emphasis on maintaining reliable access to financing and steady rental income to support obligations.

Cash Flow

Cash Flow Cash generated from the core property operations has grown at a healthy pace and comfortably covers the company’s investment spending. Free cash flow has been consistently positive and trending higher, which is important for a REIT that needs to fund dividends, debt service, and property improvements. Capital spending has been steady rather than volatile, indicating a disciplined, repeatable investment program rather than one-off bets.

Competitive Edge

Competitive Edge PECO focuses on grocery-anchored shopping centers, which tend to be more resilient because people buy food and essentials in all phases of the economic cycle. Anchoring centers with leading grocers helps keep traffic strong for neighboring tenants. The portfolio is diversified across a wide mix of tenants, reducing dependence on any single brand or category. Its vertically integrated model—with leasing, property management, and acquisitions all in-house—supports tight operational control and strong tenant relationships, reinforcing its niche in necessity-based retail real estate.

Innovation and R&D

Innovation and R&D Although real estate is not typically seen as a high-tech sector, PECO is leaning into data and technology. The company is rolling out AI tools across departments to streamline work and improve decisions, especially around acquisitions and leasing. Its SOAR framework gives a structured way to improve lease quality and portfolio performance. A modern property management platform, together with teams dedicated to national accounts and emerging retail concepts, shows a practical, targeted innovation strategy focused on better tenant mix, faster leasing, and higher long-term property earnings.

Summary

Overall, PECO presents as a steadily improving, necessity-focused retail REIT. It has grown revenue and operating profits while keeping its balance sheet within a relatively controlled range and building a history of solid, repeatable cash generation. The specialized focus on grocery-anchored centers and vertically integrated operations supports a durable competitive position. Key watchpoints include its relatively low cash cushion, ongoing dependence on debt markets, and the health of brick-and-mortar retail demand. Its measured use of technology and data suggests further room for incremental efficiency gains and smarter capital allocation over time.

NEWS

November 5, 2025 · 4:15 PM UTC

Phillips Edison & Company Declares Monthly Dividends

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November 4, 2025 · 8:30 AM UTC

Cohen & Steers Income Opportunities REIT, Inc. Acquires Kroger-Anchored Shopping Center

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October 23, 2025 · 4:51 PM UTC

Phillips Edison & Company to Host Virtual Business Update

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October 23, 2025 · 4:25 PM UTC

Phillips Edison & Company Reports Third Quarter 2025 Results and Increases Full Year Earnings Guidance

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September 29, 2025 · 7:30 AM UTC

Phillips Edison & Company Inc. Invites You to Join Its Third Quarter 2025 Earnings Conference Call

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