analyzeportfolio
Nasdaq · Real Estate

Phillips Edison & Company, Inc. (PECO)

As-reported financials and SEC filings for Phillips Edison & Company, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. is a real estate investment trust that owns and operates grocery-anchored shopping centers across the United States. The company primarily leases retail spaces to national, regional, and local retailers that provide necessity-based goods and services. It also manages investment partnerships and offers property management and advisory services for joint ventures and private funds.

Snapshot

Revenue
$726.6M
Revenue growth (YoY)
9.9%
Net income
$111.3M
Diluted EPS
$0.89
Gross margin
Operating margin
Net margin
15.3%
FCF margin
ROE
4.3%
net income / fiscal-year-end equity
P/E
34.3×
trailing when available, otherwise FY EPS
Market cap
$5.53B
Long-term debt / equity
0.92×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Phillips Edison

  • Revenue grew 9.9% to $727M in FY2025, in line with the 8.4% the year before.
  • Most recent quarter Q2 FY2026: revenue $190M, up 6.7% from Q2 FY2025.
  • Net income rose 77.6% to $111M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Phillips Edison’s fundamentals sit among the 165 REITs. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin15.3%
60th percentile of 156
Revenue growth (YoY)+9.9%
77th percentile of 161
ROE4.3%
52nd percentile of 142
P/E34.3×
61st percentile of 109
Long-term debt / equity0.92×
42nd percentile of 100
Short interest6.35d
73rd percentile of 152

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+6 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
3
2 trimmed, 1 exited
Combined position
$50.4M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$28.4M681.4KAdded
AQR Capital ManagementquantQ2 2026$9.9M237.2KAdded
Millennium ManagementquantQ2 2026$9.7M231.9KAdded
Point72 Asset ManagementquantQ2 2026$1.5M36.2KReduced
D. E. ShawquantQ2 2026$501,47912.0KReduced
Two Sigma InvestmentsquantQ2 2026$486,49611.7KNew

No longer held by: Citadel Advisors (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.6M
settled 2026-08-14
Change vs prior
+16.2%
vs previous settlement
Days to cover
6.35
at avg daily volume
Avg daily volume
723.7K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.6M+16.2%6.35
2026-07-314.0M-4.4%4.24
2026-07-154.1M+12.6%5.28
2026-06-303.7M-1.7%2.31
2026-06-153.7M+13.6%3.86
2026-05-293.3M-8.7%3.56
2026-05-153.6M+12.5%3.99
2026-04-303.2M-19.4%3.51

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$726.6M$661.4M$610.1M$575.4M$532.8M
Gross profit
Operating income
Net income$111.3M$62.7M$56.8M$48.3M$15.1M
Diluted EPS$0.89$0.51$0.48$0.42$0.15

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$3.5M$4.9M$4.9M$5.5M$92.6M
Current assets
Total assets$5.29B$5.05B$4.87B$4.74B$4.67B
Current liabilities
Long-term debt$2.38B$2.11B$1.97B$1.90B$1.89B
Total liabilities$2.70B$2.41B$2.21B$2.14B$2.19B
Total equity$2.59B$2.63B$2.65B$2.60B$2.48B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$348.1M$334.7M$291.0M$290.9M$262.9M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$189.6M6.7%$41.1M$0.33
Q1 FY2026$190.7M7.0%$30.4M$0.24
Q4 FY2025$187.9M8.6%$47.5M$0.34
Q3 FY2025$182.7M10.4%$24.7M$0.20
Q2 FY2025$177.8M10.1%$12.8M$0.10
Q1 FY2025$178.3M10.5%$26.3M$0.21
Q4 FY2024$173.0M12.0%$18.1M$0.13
Q3 FY2024$165.5M8.6%$11.6M$0.09

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorReal Estate
SIC industryReal Estate Investment Trusts
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2010
SEC CIK1476204

Selected SEC filings

10-K2026-02-10
View on EDGAR →
10-Q2026-07-24
View on EDGAR →
10-Q2026-04-24
View on EDGAR →
8-K2026-09-01
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-07-23
View on EDGAR →

Largest reit peers

All reit stocksAll Real Estate companies →

Monitor PECO

Get an alert when Phillips Edison files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor PECO free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.