NASDAQ · Financial Statements

Phillips Edison & Company, Inc. (PECO) Financial Statements

$38.36 NASDAQ: PECO Market Cap $4.94B

Phillips Edison & Company, Inc. most recently reported annual revenue of $732.0M, net profit of $111.0M. Revenue grew at an average annual rate of 8.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Phillips Edison & Company, Inc.: Revenue rose from $258.0M in 2016 to $732.0M in 2025, a change of +183.7% over 9 years; net profit was positive in 8 of 10 reported years; operating margin moved from 55.5% to 27.1%, a shift of -28.3 percentage points; the most recent year shows net profit of $111.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$258.0M$312.0M$430.0M$537.0M$498.0M$533.0M$575.0M$610.0M$661.0M$732.0M
Operating Expenses$115.0M$158.0M$183.0M$210.0M$196.0M$207.0M$208.0M$219.0M$236.0M$533.0M
Operating Profit$143.0M$153.0M$247.0M$327.0M$302.0M$326.0M$367.0M$391.0M$425.0M$199.0M
Operating Margin55.5%49.2%57.5%61.0%60.7%61.1%63.8%64.0%64.3%27.1%
Other Income$-134.0M$-195.0M$-200.0M$-400.0M$-297.0M$-308.0M$-312.0M$-326.0M$-354.0M$-75.0M
Interest$32.0M$46.0M$73.0M$103.0M$85.0M$76.0M$71.0M$84.0M$96.0M$110.0M
Depreciation$102.0M$128.0M$187.0M$233.0M$222.0M$218.0M$225.0M$226.0M$239.0M$266.0M
Profit Before Tax$9.0M$-42.0M$47.0M$-73.0M$5.0M$17.0M$55.0M$64.0M$72.0M$124.0M
Tax$0$0$0$0$0$0$0$680,000$2.5M$1.1M
Net Profit$9.0M$-38.0M$39.0M$-64.0M$5.0M$15.0M$48.0M$57.0M$63.0M$111.0M
EPS$0.15$-0.64$0.59$-0.67$0.05$0.13$0.42$0.48$0.51$0.89
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$152.0M$154.0M$161.0M$162.0M$166.0M$173.0M$178.0M$178.0M$183.0M$188.0M$192.0M$188.0M
Operating Expenses$54.0M$56.0M$57.0M$58.0M$58.0M$63.0M$63.0M$64.0M$131.0M$135.0M$134.0M$134.0M
Operating Profit$99.0M$98.0M$104.0M$104.0M$107.0M$111.0M$115.0M$114.0M$52.0M$53.0M$58.0M$55.0M
Operating Margin64.8%63.5%64.5%64.1%64.8%63.9%64.6%64.3%28.4%28.4%30.3%29.0%
Interest$21.0M$23.0M$23.0M$24.0M$24.0M$25.0M$26.0M$28.0M$29.0M$28.0M$31.0M$29.0M
Profit Before Tax$14.0M$15.0M$20.0M$17.0M$13.0M$21.0M$29.0M$14.0M$27.0M$53.0M$33.0M$45.0M
Tax$870,000$530,000$690,000$2.7M$3.3M$3.7M$500,000$1.6M$800,000$0$0$530,000
Net Profit$12.0M$14.0M$18.0M$15.0M$12.0M$18.0M$26.0M$13.0M$25.0M$48.0M$30.0M$41.0M
EPS$0.10$0.11$0.14$0.12$0.08$0.15$0.21$0.09$0.20$0.38$0.24$0.33

Over the 10 years reported for Phillips Edison & Company, Inc., borrowings increased from $1.1B in 2016 to $2.5B in 2025, cash stood at $4.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 0.66 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$2.4B$3.5B$5.2B$4.8B$4.7B$4.7B$4.7B$4.9B$5.0B$5.3B
Current Assets$50.0M$97.0M$107.0M$101.0M$212.0M$200.0M$115.0M$125.0M$146.0M$194.0M
Cash$8.0M$6.0M$17.0M$18.0M$104.0M$93.0M$5.0M$5.0M$5.0M$4.0M
Inventory$-12.0M$-16.0M$17.0M$6.0M$0$2.0M$0$0$0$0
Receivables$0$66.0M$5.0M$76.0M$80.0M$78.0M$90.0M$108.0M$119.0M$134.0M
Fixed Assets$2.3B$10.0M$14.0M$19.0M$22.0M$25.0M$23.0M$24.0M$4.6B$30.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$-2.4B$1.0M$46.0M$43.0M$37.0M$40.0M$45.0M$41.0M$46.0M$66.0M
Other Assets$0$29.0M$29.0M$29.0M$29.0M$29.0M$29.0M$29.0M$29.0M$29.0M
Total Liabilities$1.2B$2.0B$2.8B$2.7B$2.7B$2.2B$2.1B$2.2B$2.4B$2.7B
Current Liabilities$56.0M$150.0M$127.0M$140.0M$192.0M$117.0M$211.0M$316.0M$196.0M$295.0M
Borrowings$1.1B$1.8B$2.5B$2.5B$2.4B$2.0B$2.0B$2.1B$2.1B$2.5B
Other Liabilities$99.0M$240.0M$238.0M$193.0M$268.0M$193.0M$132.0M$135.0M$298.0M$203.0M
Equity$2.0M$2.0M$3.0M$3.0M$3.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Reserves$1.2B$1.0B$2.0B$1.8B$1.7B$2.1B$2.2B$2.3B$2.3B$2.3B

For Phillips Edison & Company, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $212.0M; free cash flow was positive in 8 of 10 years; financing activities used $17.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$103.0M$109.0M$153.0M$227.0M$211.0M$263.0M$291.0M$291.0M$335.0M$348.0M
Investing Cash Flow$-654.0M$-944.0M$-316.0M$-11.0M$-108.0M$-256.0M$-436.0M$-449.0M$-488.0M$-528.0M
Financing Cash Flow$-25.0M$-73.0M$-89.0M$-64.0M$-15.0M$-93.0M$-18.0M$-18.0M$-16.0M$-17.0M
Net Cash Flow$-32.0M$-3.0M$57.0M$11.0M$37.0M$-16.0M$-98.0M$-8.0M$0$35.0M
Free Cash Flow$-124.0M$-93.0M$104.0M$151.0M$147.0M$188.0M$186.0M$196.0M$240.0M$212.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.30
EV / EBITDA13.78
FCF Yield4.92%
Quick Ratio0.16
Interest Coverage1.86
Return 1Y15.57%
Return 3Y27.48%
Return 5Y54.34%

Phillips Edison & Company, Inc. (PECO) financials — frequently asked questions

What is Phillips Edison & Company, Inc.'s annual revenue?

Phillips Edison & Company, Inc. (PECO) reported annual revenue of $732.0M in its most recent fiscal year.

What is Phillips Edison & Company, Inc.'s net profit?

Phillips Edison & Company, Inc. (PECO) reported net profit of $111.0M in its most recent fiscal year.

What is PECO EV/EBITDA?

Phillips Edison & Company, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 13.78.

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