Symbols / PECO Stock $39.04 +2.09% Phillips Edison & Company, Inc.

Real Estate • REIT - Retail • United States • NMS
PECO (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
About

Phillips Edison & Company, Inc. 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 December 31, 2025, PECO managed 324 shopping centers, including 297 wholly owned centers comprising 33.5 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. Phillips Edison & Company, Inc. was incorporated in 1991.

Stock Fundamentals
Scroll to Statements
Market Cap 5.41B Enterprise Value 7.49B Income 111.30M Sales 726.59M Book/sh 18.18 Cash/sh 0.03
Dividend Yield 3.40% Payout 140.81% Employees 320 IPO — P/E 43.87 Forward P/E 54.64
PEG — P/S 7.45 P/B 2.15 P/C — EV/EBITDA 16.72 EV/Sales 10.31
Quick Ratio 0.91 Current Ratio 1.22 Debt/Eq 91.93 LT Debt/Eq — EPS (ttm) 0.89 EPS next Y 0.71
EPS Growth 153.30% Revenue Growth 8.60% Earnings 2026-04-23 ROA 2.41% ROE 4.71% ROIC —
Gross Margin 71.13% Oper. Margin 28.74% Profit Margin 15.32% Shs Outstand 125.97M Shs Float 125.02M Short Float 3.71%
Short Ratio 3.92 Short Interest — 52W High 40.06 52W Low 32.84 Beta 0.58 Avg Volume 877.47K
Volume 1.27M Target Price $41.38 Recom Buy Prev Close $38.24 Price $39.04 Change 2.09%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$41.38
Mean price target
2. Current target
$39.04
Latest analyst target
3. DCF / Fair value
$22.11
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$39.04
Low
$38.00
High
$45.00
Mean
$41.38

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-21 main Morgan Stanley Equal-Weight → Equal-Weight $38
2026-04-13 main Barclays Equal-Weight → Equal-Weight $42
2026-03-19 main Wells Fargo Equal-Weight → Equal-Weight $40
2026-03-02 main Barclays Equal-Weight → Equal-Weight $40
2026-01-15 init Evercore ISI Group — → Outperform $41
2026-01-08 main UBS Neutral → Neutral $38
2026-01-06 main Morgan Stanley Equal-Weight → Equal-Weight $37
2025-12-18 main Barclays Equal-Weight → Equal-Weight $42
2025-11-18 main Barclays Equal-Weight → Equal-Weight $40
2025-10-17 init UBS — → Neutral $37
2025-10-06 main Barclays Equal-Weight → Equal-Weight $38
2025-09-09 init Ladenburg Thalmann — → Buy $40
2025-08-27 main Barclays Equal-Weight → Equal-Weight $36
2025-07-17 main Mizuho Outperform → Outperform $37
2025-07-02 init Barclays — → Equal-Weight $37
2025-03-26 main Wells Fargo Equal-Weight → Equal-Weight $36
2025-02-25 main Mizuho Outperform → Outperform $38
2025-01-29 main Wells Fargo Equal-Weight → Equal-Weight $37
2025-01-07 main JP Morgan Neutral → Neutral $40
2024-12-10 main Mizuho Outperform → Outperform $41
News
RSS: Latest PECO news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-27 MURPHY DEVIN IGNATIUS Director — 1,150 $39.28 $45,201
2026-02-27 EDISON JEFFREY S Chief Executive Officer — 9,135 $39.28 $358,823
2026-02-27 ROBISON JENNIFER L Officer — 3,564 $0.00 $0
2026-02-27 MYERS ROBERT F. President — 2,811 $39.28 $110,416
2026-02-27 CAULFIELD JOHN PATRICK Chief Financial Officer — 1,134 $39.28 $44,544
2026-02-27 BRADY TANYA General Counsel — 625 $39.28 $24,550
2026-02-27 SCHLOSSER JOSEPH G. Chief Operating Officer — 1,344 $39.28 $52,792
2026-02-04 ROBISON JENNIFER L Officer — 1,522 $0.00 $0
2026-02-04 SCHLOSSER JOSEPH G. Chief Operating Officer — 1,018 $0.00 $0
2026-02-04 MURPHY DEVIN IGNATIUS Director — 2,197 $37.22 $81,800
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
726.59
+9.86%
661.39
+8.40%
610.12
+6.04%
575.37
Operating Revenue
721.94
+9.66%
658.32
+8.43%
607.15
+6.13%
572.08
Cost Of Revenue
209.74
+10.20%
190.32
+8.68%
175.12
+7.29%
163.22
Reconciled Cost Of Revenue
218.38
+10.91%
196.90
+9.21%
180.30
+7.61%
167.55
Gross Profit
516.86
+9.72%
471.07
+8.29%
435.00
+5.55%
412.15
Operating Expense
319.32
+6.28%
300.45
+6.99%
280.81
-0.23%
281.46
Selling General And Administration
51.64
+13.21%
45.61
+2.81%
44.37
-1.92%
45.23
General And Administrative Expense
51.64
+13.21%
45.61
+2.81%
44.37
-1.92%
45.23
Other Gand A
51.64
+13.21%
45.61
+2.81%
44.37
-1.92%
45.23
Total Expenses
529.05
+7.80%
490.76
+7.64%
455.93
+2.53%
444.68
Operating Income
197.54
+15.77%
170.63
+10.66%
154.20
+17.99%
130.69
EBITDA
499.59
+19.40%
418.41
+8.84%
384.44
+6.21%
361.95
Normalized EBITDA
466.41
+9.82%
424.73
+10.80%
383.33
+8.05%
354.75
Reconciled Depreciation
257.73
+4.59%
246.43
+6.56%
231.26
-0.27%
231.90
EBIT
233.22
+41.00%
165.40
+11.76%
147.99
+17.71%
125.72
Total Unusual Items
33.18
+625.53%
-6.31
-668.74%
1.11
-84.57%
7.20
Total Unusual Items Excluding Goodwill
33.18
+625.53%
-6.31
-668.74%
1.11
-84.57%
7.20
Special Income Charges
33.18
+625.53%
-6.31
-668.74%
1.11
-84.57%
7.20
Other Special Charges
0.09
-93.02%
1.29
+250.54%
0.37
-64.10%
1.02
Impairment Of Capital Assets
—
0.00
0.00
-100.00%
0.32
Restructuring And Mergern Acquisition
5.52
+10.61%
4.99
-12.02%
5.67
-54.09%
12.36
Write Off
—
0.00
-100.00%
3.00
0.00
Net Income
111.30
+77.56%
62.69
+10.27%
56.85
+17.64%
48.32
Pretax Income
122.97
+76.43%
69.70
+9.31%
63.76
+16.93%
54.53
Net Non Operating Interest Income Expense
-110.25
-15.20%
-95.70
-13.61%
-84.23
-18.31%
-71.20
Interest Expense Non Operating
110.25
+15.20%
95.70
+13.61%
84.23
+18.31%
71.20
Net Interest Income
-110.25
-15.20%
-95.70
-13.61%
-84.23
-18.31%
-71.20
Interest Expense
110.25
+15.20%
95.70
+13.61%
84.23
+18.31%
71.20
Other Income Expense
35.68
+782.03%
-5.23
+15.66%
-6.20
-24.91%
-4.96
Other Non Operating Income Expenses
2.58
+158.73%
1.00
+113.62%
-7.31
+39.87%
-12.16
Tax Provision
—
—
—
—
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
6.97
+625.53%
-1.33
-668.74%
0.23
-84.57%
1.51
Net Income Including Noncontrolling Interests
122.97
+76.43%
69.70
+9.31%
63.76
+16.93%
54.53
Net Income From Continuing Operation Net Minority Interest
111.30
+77.56%
62.69
+10.27%
56.85
+17.64%
48.32
Net Income From Continuing And Discontinued Operation
111.30
+77.56%
62.69
+10.27%
56.85
+17.64%
48.32
Net Income Continuous Operations
122.97
+76.43%
69.70
+9.31%
63.76
+16.93%
54.53
Minority Interests
-11.66
-66.38%
-7.01
-1.40%
-6.91
-11.41%
-6.21
Normalized Income
85.09
+25.74%
67.67
+20.91%
55.97
+31.27%
42.64
Net Income Common Stockholders
111.30
+77.56%
62.69
+10.27%
56.85
+17.64%
48.32
Diluted EPS
0.89
+74.51%
0.51
+6.25%
0.48
+14.29%
0.42
Basic EPS
0.89
+74.51%
0.51
+6.25%
0.48
+14.29%
0.42
Basic Average Shares
125.06
+1.75%
122.91
+3.78%
118.43
+2.94%
115.05
Diluted Average Shares
138.90
+1.52%
136.82
+2.90%
132.97
+2.02%
130.33
Diluted NI Availto Com Stockholders
122.97
+76.43%
69.70
+9.31%
63.76
+16.93%
54.53
Average Dilution Earnings
11.66
+66.38%
7.01
+1.40%
6.91
+11.41%
6.21
Depreciation Amortization Depletion Income Statement
266.37
+5.28%
253.02
+7.01%
236.44
+0.09%
236.22
Depreciation And Amortization In Income Statement
266.37
+5.28%
253.02
+7.01%
236.44
+0.09%
236.22
Earnings From Equity Interest
-0.08
-189.53%
0.09
-76.88%
0.37
-70.94%
1.28
Gain On Sale Of PPE
38.79
+129400.00%
-0.03
-102.70%
1.11
-85.23%
7.52
Other Taxes
1.31
-28.23%
1.82
+315.75%
0.44
-45.66%
0.81
Total Other Finance Cost
—
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
5,286.44
+4.76%
5,046.22
+3.71%
4,865.67
+2.75%
4,735.49
Current Assets
193.89
+43.17%
135.43
+8.27%
125.08
+8.70%
115.07
Cash Cash Equivalents And Short Term Investments
19.90
+61.77%
12.30
-8.46%
13.44
+1.27%
13.27
Cash And Cash Equivalents
3.54
-27.39%
4.88
+0.18%
4.87
-11.06%
5.48
Other Short Term Investments
16.36
+120.42%
7.42
-13.38%
8.57
+9.93%
7.79
Receivables
134.23
+12.45%
119.36
+10.89%
107.64
+19.69%
89.93
Accounts Receivable
53.56
+12.97%
47.41
+4.54%
45.35
+20.02%
37.79
Other Receivables
80.67
+12.11%
71.95
+15.52%
62.29
+19.46%
52.14
Inventory
—
—
—
0.00
Finished Goods
—
—
—
0.00
Prepaid Assets
—
—
—
14.57
Restricted Cash
39.77
+955.41%
3.77
-5.94%
4.01
-66.25%
11.87
Total Non Current Assets
5,092.55
+3.70%
4,910.79
+3.59%
4,740.58
+2.60%
4,620.42
Net PPE
30.06
+13.20%
26.56
+10.32%
24.07
+4.43%
23.05
Gross PPE
30.06
+13.20%
26.56
+10.32%
24.07
+4.43%
23.05
Machinery Furniture Equipment
30.06
+13.20%
26.56
+10.32%
24.07
+4.43%
23.05
Goodwill And Other Intangible Assets
35.77
+0.00%
35.77
+0.05%
35.75
-0.02%
35.76
Goodwill
29.07
+0.00%
29.07
+0.00%
29.07
+0.00%
29.07
Other Intangible Assets
6.70
+0.00%
6.70
+0.25%
6.69
-0.09%
6.69
Investments And Advances
49.44
+28.56%
38.45
+19.82%
32.09
-13.26%
37.00
Long Term Equity Investment
42.56
+34.16%
31.72
+25.79%
25.22
-7.28%
27.20
Other Investments
6.88
+2.15%
6.73
-2.09%
6.88
-29.85%
9.80
Non Current Deferred Assets
77.79
+20.97%
64.30
+3.11%
62.36
+6.29%
58.67
Other Non Current Assets
-45.30
-12.51%
-40.26
+5.18%
-42.46
-29.03%
-32.91
Total Liabilities Net Minority Interest
2,697.06
+11.81%
2,412.24
+9.04%
2,212.32
+3.47%
2,138.06
Current Liabilities
295.38
+30.35%
226.60
-28.25%
315.82
+49.92%
210.67
Payables And Accrued Expenses
180.33
+10.17%
163.69
+40.56%
116.46
+2.89%
113.19
Payables
180.33
+10.17%
163.69
+40.56%
116.46
+2.89%
113.19
Accounts Payable
180.33
+10.17%
163.69
+40.56%
116.46
+2.89%
113.19
Current Debt And Capital Lease Obligation
92.00
+130.00%
40.00
-77.90%
181.00
+129.11%
79.00
Current Debt
92.00
+130.00%
40.00
-77.90%
181.00
+129.11%
79.00
Current Deferred Liabilities
23.04
+0.60%
22.91
+24.77%
18.36
-0.66%
18.48
Current Deferred Revenue
23.04
+0.60%
22.91
+24.77%
18.36
-0.66%
18.48
Other Current Liabilities
—
—
—
—
Total Non Current Liabilities Net Minority Interest
2,401.68
+9.88%
2,185.64
+15.25%
1,896.49
-1.60%
1,927.39
Liabilities Heldfor Sale Non Current
—
—
—
—
Long Term Debt And Capital Lease Obligation
2,401.68
+9.88%
2,185.64
+15.25%
1,896.49
-1.60%
1,927.39
Long Term Debt
2,282.85
+10.31%
2,069.51
+15.75%
1,787.96
-1.60%
1,817.01
Long Term Capital Lease Obligation
118.84
+2.33%
116.13
+7.00%
108.53
-1.68%
110.38
Other Non Current Liabilities
—
—
—
109.80
Stockholders Equity
2,286.57
-1.44%
2,319.92
+0.42%
2,310.31
+3.30%
2,236.49
Common Stock Equity
2,286.57
-1.44%
2,319.92
+0.42%
2,310.31
+3.30%
2,236.49
Capital Stock
1.26
+0.56%
1.25
+2.54%
1.22
+4.18%
1.17
Common Stock
1.26
+0.56%
1.25
+2.54%
1.22
+4.18%
1.17
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
125.79
+0.53%
125.12
+2.54%
122.02
+4.18%
117.13
Ordinary Shares Number
125.79
+0.53%
125.12
+2.54%
122.02
+4.18%
117.13
Additional Paid In Capital
3,664.20
+0.48%
3,646.80
+2.82%
3,546.84
+4.81%
3,383.98
Retained Earnings
-1,379.25
-3.51%
-1,332.43
-6.74%
-1,248.27
-6.72%
-1,169.66
Gains Losses Not Affecting Retained Earnings
0.36
-91.68%
4.30
-59.09%
10.52
-49.90%
21.00
Minority Interest
302.81
-3.58%
314.06
-8.45%
343.04
-4.96%
360.95
Other Equity Adjustments
0.36
-91.68%
4.30
-59.09%
10.52
-49.90%
21.00
Total Equity Gross Minority Interest
2,589.38
-1.69%
2,633.99
-0.73%
2,653.35
+2.15%
2,597.43
Total Capitalization
4,569.42
+4.10%
4,389.43
+7.10%
4,098.27
+1.10%
4,053.50
Working Capital
-101.48
-11.32%
-91.17
+52.20%
-190.74
-99.52%
-95.60
Invested Capital
4,661.42
+5.24%
4,429.43
+3.51%
4,279.27
+3.55%
4,132.50
Total Debt
2,493.68
+12.04%
2,225.64
+7.13%
2,077.49
+3.54%
2,006.39
Net Debt
2,371.30
+12.67%
2,104.63
+7.16%
1,964.09
+3.89%
1,890.53
Capital Lease Obligations
118.84
+2.33%
116.13
+7.00%
108.53
-1.68%
110.38
Net Tangible Assets
2,250.80
-1.46%
2,284.15
+0.42%
2,274.56
+3.35%
2,200.73
Tangible Book Value
2,250.80
-1.46%
2,284.15
+0.42%
2,274.56
+3.35%
2,200.73
Derivative Product Liabilities
—
—
—
0.00
Financial Assets
0.18
-96.08%
4.51
-64.40%
12.67
-51.00%
25.85
Investment Properties
4,927.22
+3.05%
4,781.46
+3.58%
4,616.09
+3.20%
4,473.00
Investmentsin Joint Venturesat Cost
42.56
+34.16%
31.72
+25.79%
25.22
-7.28%
27.20
Line Of Credit
92.00
+130.00%
40.00
-77.90%
181.00
+129.11%
79.00
Non Current Note Receivables
17.39
0.00
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
348.15
+4.02%
334.71
+15.03%
290.97
+0.03%
290.89
Cash Flow From Continuing Operating Activities
348.15
+4.02%
334.71
+15.03%
290.97
+0.03%
290.89
Net Income From Continuing Operations
122.97
+76.43%
69.70
+9.31%
63.76
+16.93%
54.53
Depreciation Amortization Depletion
257.73
+4.59%
246.43
+6.56%
231.26
-0.27%
231.90
Depreciation
266.37
+5.28%
253.02
+7.01%
236.44
+0.09%
236.22
Amortization Cash Flow
-8.64
-31.21%
-6.59
-27.21%
-5.18
-19.75%
-4.32
Depreciation And Amortization
257.73
+4.59%
246.43
+6.56%
231.26
-0.27%
231.90
Amortization Of Intangibles
-8.64
-31.21%
-6.59
-27.21%
-5.18
-19.75%
-4.32
Other Non Cash Items
-3.62
-43.63%
-2.52
+37.63%
-4.04
+14.29%
-4.72
Stock Based Compensation
11.68
+20.46%
9.70
+41.23%
6.87
-55.43%
15.41
Asset Impairment Charge
0.00
0.00
-100.00%
3.00
+831.68%
0.32
Operating Gains Losses
-37.93
-2373.86%
1.67
+454.14%
-0.47
+92.59%
-6.36
Gain Loss On Investment Securities
-38.79
-129400.00%
0.03
+102.70%
-1.11
+85.23%
-7.52
Change In Working Capital
-2.68
-127.53%
9.74
+203.50%
-9.41
-4802.08%
-0.19
Change In Payables And Accrued Expense
14.83
-43.76%
26.36
+1148.30%
2.11
-78.78%
9.96
Change In Payable
14.83
-43.76%
26.36
+1148.30%
2.11
-78.78%
9.96
Change In Account Payable
14.83
-43.76%
26.36
+1148.30%
2.11
-78.78%
9.96
Change In Other Current Assets
-17.51
-5.32%
-16.62
-44.25%
-11.52
-13.57%
-10.15
Investing Cash Flow
-392.29
+0.17%
-392.94
-11.19%
-353.39
-6.68%
-331.25
Cash Flow From Continuing Investing Activities
-392.29
+0.17%
-392.94
-11.19%
-353.39
-6.68%
-331.25
Capital Expenditure
-136.14
-43.18%
-95.08
+0.19%
-95.26
+8.84%
-104.50
Capital Expenditure Reported
-136.14
-43.18%
-95.08
+0.19%
-95.26
+8.84%
-104.50
Net Investment Purchase And Sale
-8.18
-562.87%
1.77
+341.75%
0.40
+113.33%
-3.00
Purchase Of Investment
-8.31
-103.68%
-4.08
0.00
+100.00%
-3.00
Sale Of Investment
0.13
-97.73%
5.85
+1362.00%
0.40
0.00
Net Business Purchase And Sale
-11.83
-79.80%
-6.58
-434.18%
1.97
-52.57%
4.15
Purchase Of Business
-13.70
-63.65%
-8.37
0.00
0.00
Gain Loss On Sale Of Business
—
—
—
1.25
Net Other Investing Changes
2.42
-25.26%
3.24
+26.43%
2.56
+23.13%
2.08
Financing Cash Flow
78.80
+35.86%
58.01
+7.52%
53.95
+193.29%
-57.83
Cash Flow From Continuing Financing Activities
78.80
+35.86%
58.01
+7.52%
53.95
+193.29%
-57.83
Net Issuance Payments Of Debt
252.71
+89.18%
133.58
+128.36%
58.50
+2103.29%
-2.92
Issuance Of Debt
1,093.30
-5.51%
1,157.05
+106.25%
561.00
+49.20%
376.00
Repayment Of Debt
-840.58
+17.87%
-1,023.47
-103.67%
-502.50
-32.61%
-378.92
Long Term Debt Issuance
1,093.30
-5.51%
1,157.05
+106.25%
561.00
+49.20%
376.00
Long Term Debt Payments
-840.58
+17.87%
-1,023.47
-103.67%
-502.50
-32.61%
-378.92
Net Long Term Debt Issuance
252.71
+89.18%
133.58
+128.36%
58.50
+2103.29%
-2.92
Short Term Debt Issuance
—
—
—
376.00
Short Term Debt Payments
—
—
—
-297.00
Net Short Term Debt Issuance
—
—
—
79.00
Net Common Stock Issuance
0.00
-100.00%
74.55
-50.02%
149.13
+65.48%
90.12
Common Stock Payments
—
—
0.00
0.00
Common Stock Dividend Paid
-157.28
-17.35%
-134.02
+1.28%
-135.75
-6.82%
-127.08
Cash Dividends Paid
-157.28
-17.35%
-134.02
+1.28%
-135.75
-6.82%
-127.08
Repurchase Of Capital Stock
—
—
0.00
0.00
Net Other Financing Charges
-16.63
-3.30%
-16.10
+10.21%
-17.93
+0.06%
-17.95
Changes In Cash
34.66
+15236.68%
-0.23
+97.30%
-8.47
+91.37%
-98.18
Beginning Cash Position
8.65
-2.58%
8.88
-48.83%
17.35
-84.98%
115.53
End Cash Position
43.31
+400.77%
8.65
-2.58%
8.88
-48.83%
17.35
Free Cash Flow
212.00
-11.53%
239.63
+22.44%
195.71
+5.00%
186.40
Interest Paid Supplemental Data
97.69
+30.17%
75.04
-1.88%
76.48
+17.49%
65.10
Income Tax Paid Supplemental Data
1.61
+74.19%
0.92
+33.82%
0.69
+255.15%
0.19
Common Stock Issuance
0.00
-100.00%
74.55
-50.02%
149.13
+65.48%
90.12
Earnings Losses From Equity Investments
0.77
+121.84%
0.35
+28.41%
0.27
-78.37%
1.25
Issuance Of Capital Stock
0.00
-100.00%
74.55
-50.02%
149.13
+65.48%
90.12
Net Investment Properties Purchase And Sale
-238.56
+19.48%
-296.29
-12.63%
-263.05
-14.38%
-229.98
Purchase Of Investment Properties
-360.21
-21.58%
-296.29
-9.63%
-270.26
+4.16%
-282.00
Sale Of Business
1.87
+4.30%
1.79
-9.04%
1.97
-52.57%
4.15
Sale Of Investment Properties
121.66
—
7.21
-86.14%
52.02
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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