NNN REIT, Inc. (NNN) vs Phillips Edison & Company, Inc. (PECO)

NNN REIT, Inc. and Phillips Edison & Company, Inc. are both Reit Retail companies. NNN REIT, Inc. is the larger, with a market value of $8.0B against $5.2B — 1.5× the size. NNN REIT, Inc. trades at the lower P/E: 20.2× against 32.5×. Phillips Edison & Company, Inc. grew revenue faster over the last twelve months: 8.10% against 6.54%. NNN REIT, Inc. has the higher net margin (40.4% vs 19.1%) and the higher return on invested capital (3.92% vs 2.69%). Both pay a dividend; NNN REIT, Inc. yields more (5.73% vs 3.39%). Across the 22 metrics below, NNN REIT, Inc. leads on 12 and Phillips Edison & Company, Inc. on 10.

Valuation

Metric NNN PECO Reit Retail median
P/E 20.25 32.52 24.82
P/S 8.19 6.29 6.69
P/B 1.75 1.77 1.75
Price to free cash flow n/m 10.82 13.29
EV/EBITDA 14.51 14.94 15.42
EV/Sales 13.43 9.51 10.60
Earnings yield 4.94% 3.07% 3.91%
Free cash flow yield (0.53%) 9.24% 2.98%

Profitability

Metric NNN PECO Reit Retail median
Gross margin 96.09% 71.00% 71.78%
Operating margin 62.30% 29.13% 34.62%
Net margin 40.35% 19.14% 27.14%
Free cash flow margin (4.37%) 58.12% 18.82%
Return on equity 8.72% 5.46% 7.05%
Return on assets 4.10% 2.68% 3.40%
Return on invested capital 3.92% 2.69% 3.18%

Growth

Metric NNN PECO Reit Retail median
Revenue growth (TTM) 6.54% 8.10% 8.49%
EPS growth (last fiscal year) (3.72%) 74.51% —
Revenue growth, 5-year CAGR 6.99% 7.85% 8.62%
Net income growth, 5-year CAGR 13.07% 87.74% 1.85%

Health

Metric NNN PECO Reit Retail median
Debt to equity 1.12 0.92 0.94
Current ratio 1.15 0.01 1.62
Net debt to EBITDA 5.54 5.03 5.40

Dividend

Metric NNN PECO Reit Retail median
Dividend yield 5.73% 3.39% 4.57%
Payout ratio 1.08 2.37 1.21

Size

Metric NNN PECO Reit Retail median
Market cap 7.98b 5.24b 3.65b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack