Phillips Edison & Company, Inc. (PECO) Stock Analysis
Real Estate · REIT - Retail · NasdaqGS
Phillips Edison & Company, Inc. (PECO) posted $726.59M in revenue for fiscal 2025 (up 9.9% year over year), at a 15.3% net margin, and has compounded revenue about 7.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. has grown revenue from $257.73M to $726.59M over the last 10 fiscal years, compounding about 7.8% a year. The most recent year was up 9.9%, so growth is actually accelerating.
Net margin sits at 15.3%, up 5.8 points year over year. It carries about $2.38B of total debt.
The one thing worth a second look in the filings is heavy debt load.
Synthesised from Phillips Edison & Company, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Phillips Edison & Company, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $257.73M | $311.54M | $430.39M | $536.71M | $498.02M | $532.85M | $575.37M | $610.12M | $661.39M | $726.59M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $8.93M | $-38.39M | $39.14M | $-63.53M | $4.77M | $15.12M | $48.32M | $56.85M | $62.69M | $111.30M |
| Net margin | 3.5% | -12.3% | 9.1% | -11.8% | 1.0% | 2.8% | 8.4% | 9.3% | 9.5% | 15.3% |
Source: Phillips Edison & Company, Inc. SEC filings (10-K). 16 years of history available in the interactive view.
Phillips Edison & Company, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $2375.3M is 6.8× last year's operating cash flow — it would take years of cash flow to clear.
Explore 16 years of Phillips Edison & Company, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Phillips Edison & Company, Inc. financial history by metric
Compare Phillips Edison & Company, Inc. with peers
About Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. (PECO) 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 March 31, 2026, PECO managed 326 shopping centers, including 299 wholly owned centers comprising 33.7 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. PECO uses, and intends to continue to use, its Investors website, which can be found at https://investors.phillipsedison.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Phillips Edison & Company, Inc. was incorporated in 1991 and is based in Cincinnati, Ohio.
Phillips Edison & Company, Inc. — frequently asked questions
What is Phillips Edison & Company, Inc.'s revenue?
Phillips Edison & Company, Inc. (PECO) reported revenue of $726.59M for fiscal year 2025, up 9.9% from the prior year, according to its SEC filings.
Is Phillips Edison & Company, Inc. profitable?
Yes. PECO earned net income of $111.30M in fiscal 2025, a net margin of 15.3%.
What is PECO's P/E ratio?
Phillips Edison & Company, Inc. trades at a price-to-earnings ratio of about 45.2 based on the latest data in our nightly-refreshed cache.
How fast is Phillips Edison & Company, Inc. growing?
PECO's revenue grew at roughly 7.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Phillips Edison & Company, Inc. have?
As of fiscal year 2025, PECO carried roughly $2.38B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Phillips Edison & Company, Inc.'s market cap?
Phillips Edison & Company, Inc. (PECO) has a market capitalization of about $5.77B, based on the latest data in our nightly-refreshed cache.
When does Phillips Edison & Company, Inc.'s fiscal year end?
PECO's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Phillips Edison & Company, Inc.'s official SEC filings (10-K and 10-Q), covering 16 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.