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Phillips Edison & Company, Inc.

PECO Real Estate Reit Retail

Phillips Edison & Company, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $726.6 million, up 9.86% from fiscal 2024.

Revenue
+5.70%
EPS
+166.5%
Free cash flow
+95.6%
Total debt
+5.71%

Quarter to September 2026, against a year earlier

40.83 0.31 −0.75%
Market cap
$5.8B
P/E
27.5×
Fwd P/E
44.5×
Dividend yield
3.22%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.39%

Capital & Financial Ratios $m

Size
Market Cap 5,770.00
Revenue ttm 761.31
Net income ttm 199.72
Free cash flow ttm 501.19
Net debt Q 2,503.53
Valuation
P/E 27.53
Forward P/E 44.50 (above 35: high)
Price / sales 6.90
Forward P/S Powerpack
Price / FCF 10.49
Price / book 1.95
Financial health
Current ratio Q 0.01
Debt / equity Q 0.93
Interest coverage Q 2.06
Growth
Revenue growth Q +5.70% (above 0%: growing)
Operating income growth Q +11.36% (above 0%: growing)
EPS, this year +7.77%
EPS, next year A −11.51% (below 0%: weak)
Revenue, next year A +4.25%
EPS, past 5 yrs +78.51% (at or above 15%: strong)
EPS, next 5 yrs A +2.31%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 10.2×, against a ten-year median of 9.8×; over the ten years it ranged from 5.5× in 2021 to 10.8× in 2024.
P/E against its own 10 years 1.70%
10-year low 10-year high
P/S against its own 10 years 79.91%
10-year low 10-year high
P/B against its own 10 years 89.43%
10-year low 10-year high
EV/Sales against its own 10 years 82.65%
10-year low 10-year high
EV/FCF against its own 10 years 27.30%
10-year low 10-year high

Dividends

Yield
3.22%
Annual rate
1.31
Payout ratio
91.5%
Growth, 2020–26
+55.7%/yr
  1. 0.09 ’20
  2. 0.95 ’21 +1018
  3. 1.09 ’22 +15
  4. 1.14 ’23 +4
  5. 1.19 ’24 +5
  6. 1.25 ’25 +5
  7. 1.21 ’26 −3
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 9 9 43 18
Receivables — — — —
Inventory — — — —
Other — — — —
9 9 43 18
2023 2024 2025 Q'26
Payables 116 164 180 153
ST’ Debt 1,969 2,110 2,375 2,521
Other 108 116 118 138
2,212 2,412 2,697 2,846

Compound Annual Growth %

10y 5y 3y
Sales — 7.85% 8.09%
Cash Flow — 10.58% 6.17%
Earnings — 87.74% 32.06%
Book Value — 5.13% (0.10%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.69 Actual 0.49

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.66 0.38 Miss by 0.28
Q1 FY26 0.67 0.24 Miss by 0.43
Q2 FY26 0.68 0.33 Miss by 0.35
Q3 FY26 0.69 0.49 Miss by 0.20
Q4 FY26 0.70 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.24 0.33 0.49 — —
’25 0.21 0.10 0.20 0.38 0.89
’24 0.14 0.12 0.09 0.15 0.51
’23 0.14 0.11 0.10 0.11 0.48
’22 0.09 0.12 0.09 0.12 0.42
’21 0.00 0.06 0.13 (0.05) 0.15
’20 0.03 (0.06) 0.12 (0.05) 0.05
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 191 190 193 — —
’25 178 178 183 188 727
’24 161 162 166 173 661
’23 151 152 152 154 610
’22 142 143 146 145 575
’21 130 133 132 137 533
’20 132 119 127 121 498
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 56 118 85 — —
’25 61 96 95 96 348
’24 63 78 109 84 335
’23 63 68 89 72 291
’22 60 82 86 62 291
’21 49 81 68 65 263
’20 36 54 67 53 211
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 50 156 133 — —
’25 41 63 68 162 334
’24 50 61 84 45 240
’23 40 50 62 51 203
’22 54 72 55 57 238
’21 94 126 110 65 394
’20 37 50 78 40 205
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 268 312 430 537 498 533 575 610 661 727 761 +11.7% 758 808 859 +5.8%
Gross margin, % 0.00 0.00 0.00 69.99 68.98 70.29 71.63 71.30 71.22 71.13 71.12 +71.1 pt
EBT (27) (42) 47 (73) 5 17 55 64 70 123 200 n/m
EBT margin, % (10.10) (13.39) 10.91 (13.57) 1.10 3.23 9.48 10.45 10.54 16.92 26.23 +27.0 pt
Net income 9 0 39 (73) 5 17 55 64 70 123 200 +33.8%
Per share, $
Per share, $ Revenue 0.00 0.00 0.00 5.67 5.15 5.20 4.99 5.16 5.39 5.79 5.91 n/m
Earnings 0.14 (0.64) 0.49 (0.67) 0.06 0.15 0.42 0.48 0.51 0.89 1.48 +22.8%
Cash flow 0.00 0.00 0.00 2.40 2.18 2.57 2.52 2.46 2.73 2.77 2.76 n/m
Capex 0.00 0.00 0.00 1.56 (0.06) 1.28 (0.45) (0.74) (0.77) (0.12) 1.13 n/m
Free cash flow 0.00 0.00 0.00 3.96 2.11 3.85 2.07 1.72 1.95 2.66 3.89 n/m
Book value 0.00 0.00 0.00 0.00 20.83 24.18 22.51 22.43 21.46 20.63 20.97 n/m
Shares, m — — — 95 97 102 115 118 123 126 127 +4.8%
Valuation, ×
Valuation, × P/E 4,293.75 4,293.75 4,293.75 4,293.75 486.37 233.83 75.57 79.65 74.92 39.97 27.53 1,816.5
P/S 0.00 0.00 0.00 0.00 5.34 6.35 6.37 7.10 6.95 6.15 6.90 3.8
P/B 0.00 0.00 0.00 3.60 1.32 1.37 1.41 1.63 1.75 1.72 1.95 1.3
EV/Sales 0.00 0.00 0.00 0.00 9.68 9.68 9.63 10.32 10.13 9.36 10.19 5.9
EV/FCF 0.00 0.00 0.00 0.00 23.57 13.09 23.25 31.02 27.95 20.37 15.48 13.9
Cash, $m
Cash, $m Operating cash flow 103 109 315 227 211 263 291 291 335 348 355 +14.5%
Capex (26) (42) (49) 148 (6) 131 (52) (88) (95) (14) 146 (6.3%)
Free cash flow 103 109 315 374 205 394 238 203 240 334 501 +13.9%
Balance, $m
Balance, $m Working capital — — — — (2,531) (2,077) (2,121) (2,203) (2,404) (2,654) (2,828) +1.0%
Net debt 694 1,870 2,487 (85) 2,161 1,776 1,879 1,960 2,101 2,332 2,504 +14.4%
Shareholders’ equity 1,201 1,046 1,998 — 2,016 2,476 2,597 2,653 2,634 2,589 2,699 +8.9%
Returns, %
Returns, % ROA 0.30 (3.23) 1.04 (2.46) 0.10 0.32 1.03 1.18 1.26 2.15 3.36 +1.8 pt
ROIC 0.00 0.00 0.00 0.00 1.12 1.43 1.82 2.09 2.28 2.53 2.70 +2.5 pt
ROE 0.80 (3.42) 2.57 (3.33) 0.25 0.67 1.90 2.17 2.37 4.26 6.88 +3.5 pt
People
People Employees — — — — — 290 290 290 300 320 — +2.5%
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 1.84 1.98 2.10 2.20 2.27 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Phillips Edison & Company, Inc. vs peers in Reit Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BRX Brixmor Property Group Inc. $9.2B 21.4× 25.2× +5.50% (above 0%: growing) −7.48% (below 0%: shrinking) +294.25% (above 0%: growing) 75.75% 38.37% Compare
ADC Agree Realty Corporation $9.2B 36.3× 34.2× +16.73% (above 0%: growing) +17.78% (above 0%: growing) +50.00% (above 0%: growing) 87.70% 51.23% Compare
NNN NNN REIT, Inc. $8.0B 19.6× 19.9× +8.48% (above 0%: growing) +12.98% (above 0%: growing) +232.63% (above 0%: growing) 96.70% 66.07% Compare
MAC Macerich Company (The) $7.4B — (loss-making) — (loss-making) +2.69% (above 0%: growing) n/m −3.56% (below 0%: shrinking) 0.00% 0.00% Compare
EPRT Essential Properties Realty Trust, Inc. $6.3B 22.8× 21.0× +16.38% (above 0%: growing) −15.15% (below 0%: shrinking) +12.90% (above 0%: growing) 98.73% 56.03% Compare
PECO Phillips Edison & Company, Inc. $5.8B 27.5× 44.5× +5.70% (above 0%: growing) +166.50% (above 0%: growing) +95.58% (above 0%: growing) 71.76% 29.93%
KRG Kite Realty Group Trust $5.1B 15.7× 25.3× −7.17% (below 0%: shrinking) n/m −65.52% (below 0%: shrinking) 73.03% 7.13% Compare
SKT Tanger Inc. $4.4B 34.5× 35.5× +11.15% (above 0%: growing) +7.41% (above 0%: growing) −86.16% (below 0%: shrinking) 70.92% 30.98% Compare
CURB Curbline Properties Corp. $3.6B 123× 124× +46.15% (above 0%: growing) −33.33% (below 0%: shrinking) +34.90% (above 0%: growing) 87.10% 19.31% Compare
Median of peers $6.8B 22.8× 25.3× +9.82% −0.04% +23.90% 81.42% 34.68%

All 26 Reit Retail stocks →

Pay and ownership Proxy statement filed 23 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 8.06m 7.43m 149.00
2024 6.99m 5.46m 151.00
2023 7.15m 9.35m 142.00
2022 6.85m 6.72m 120.00
2021 8.81m 12.49m 120.00

Ownership

Directors and executive officers, together 8.07%
BlackRock, Inc. 16.88%
Vanguard Portfolio Management LLC 10.81%
Jeffrey S. Edison 6.96%
State Street Corporation 5.30%
Wellington Management Group LLP 5.01%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Phillips Edison & Company, Inc. (PECO) Latest News

4 Nov

Impact 3 · · The Motley Fool

28 Oct

Impact 4 · · Simply Wall St.

27 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · Moby earnings

26 Oct

Impact 4 · · GlobeNewswire
Impact 3 · · GlobeNewswire
Impact 3 · · Zacks

21 Oct

Impact 3 · · Zacks

9 Oct

Impact 3 · · Zacks

5 Oct

Impact 4 · · credaily.com

1 Oct

Impact 4 · · GlobeNewswire
Impact 4 · · GlobeNewswire

24 Sep

Impact 3 · · Simply Wall St.

23 Sep

Impact 3 · · Zacks

9 Sep

Impact 3 · · Barchart

3 Aug

Impact 3 ·

24 Jul

Impact 4 ·
Impact 4 · · MarketBeat
Impact 3 ·
Impact 3 · · Moby

23 Jul

Impact 3 ·
Impact 3 ·
Impact 3 ·

31 May

Impact 3 · · MarketBeat

27 Apr

Impact 4 · · MarketBeat

25 Apr

Impact 4 · · GuruFocus.com

24 Apr

Impact 4 · · The Motley Fool transcript
Impact 3 · · Moby

PECO metrics, ten years each

stockrow.com/PECO · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com