See more : P3 Health Partners Inc. (PIII) Income Statement Analysis – Financial Results
Complete financial analysis of Phillips Edison & Company, Inc. (PECO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Phillips Edison & Company, Inc., a leading company in the REIT – Retail industry within the Real Estate sector.
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Phillips Edison & Company, Inc. (PECO)
About Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. (PECO), an internally-managed REIT, is one of the nation's largest owners and operators of grocery-anchored shopping centers. PECO's diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States. Through its vertically-integrated operating platform, the Company manages a portfolio of 309 properties, including 283 wholly-owned properties comprising approximately 31.7 million square feet across 31 states (as of September 30, 2020). PECO has generated strong operating results over its 29+ year history and has partnered with leading institutional commercial real estate investors, including TPG Real Estate and The Northwestern Mutual Life Insurance Company. The Company remains exclusively focused on creating great grocery-anchored shopping experiences and improving the communities it serves one center at a time.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 610.12M | 575.37M | 532.85M | 498.02M | 536.71M | 430.39M | 311.54M | 257.73M | 242.10M | 188.22M | 73.17M | 17.55M | -79.00K |
| Cost of Revenue | 175.12M | 163.22M | 158.30M | 154.51M | 161.06M | 132.54M | 97.28M | 78.52M | 73.68M | 58.18M | 21.55M | 8.99M | 0.00 |
| Gross Profit | 435.01M | 412.15M | 374.55M | 343.51M | 375.64M | 297.85M | 214.26M | 179.21M | 168.42M | 130.03M | 51.61M | 8.56M | -79.00K |
| Gross Profit Ratio | 71.30% | 71.63% | 70.29% | 68.98% | 69.99% | 69.20% | 68.77% | 69.54% | 69.56% | 69.09% | 70.54% | 48.76% | 100.00% |
| Research & Development | 0.00 | 0.10 | 0.03 | 0.01 | -0.14 | 0.11 | -0.13 | -0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 44.37M | 45.24M | 48.82M | 41.38M | 48.53M | 50.41M | 36.35M | 31.80M | 15.83M | 36.49M | 4.35M | 1.72M | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -27.85M | 0.00 | 0.00 | 0.00 |
| SG&A | 44.37M | 45.24M | 48.82M | 41.38M | 48.53M | 50.41M | 36.35M | 31.80M | 15.83M | 8.63M | 4.35M | 1.72M | 0.00 |
| Other Expenses | 236.44M | 236.22M | 221.43M | 224.68M | 236.87M | 191.28M | 2.43M | 5.99M | 248.00K | 766.00K | 180.00K | 0.00 | 0.00 |
| Operating Expenses | 280.81M | 281.46M | 270.25M | 266.06M | 285.40M | 241.70M | 167.02M | 137.90M | 117.31M | 87.79M | 34.86M | 9.81M | 0.00 |
| Cost & Expenses | 455.93M | 444.68M | 428.55M | 420.57M | 446.46M | 374.24M | 264.30M | 216.42M | 190.99M | 145.97M | 56.41M | 18.80M | 0.00 |
| Interest Income | 0.00 | 63.81M | 66.02M | 85.30M | 103.17M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.02M | 0.00 |
| Interest Expense | 83.86M | 71.20M | 76.37M | 85.30M | 103.17M | 72.64M | 45.66M | 32.46M | 32.39M | 20.36M | 10.51M | 0.00 | 0.00 |
| Depreciation & Amortization | 236.44M | 446.67M | 426.83M | 448.41M | 446.46M | 374.24M | 288.87M | 264.19M | 98.37M | 76.55M | 29.24M | 8.25M | 1.50M |
| EBITDA | 390.64M | 354.75M | 315.04M | 315.44M | 326.44M | 242.38M | 153.35M | 147.60M | 120.25M | 125.82M | 28.67M | 7.95M | 1.05M |
| EBITDA Ratio | 64.03% | 61.66% | 54.68% | 62.52% | 60.82% | 56.32% | 71.79% | 57.12% | 65.16% | 88.15% | 90.01% | 39.83% | -1,898.73% |
| Operating Income | 154.20M | 118.53M | 69.94M | 86.69M | 89.57M | 51.10M | 94.71M | 43.94M | 59.38M | 89.37M | 36.62M | -1.25M | 0.00 |
| Operating Income Ratio | 25.27% | 20.60% | 13.13% | 17.41% | 16.69% | 11.87% | 30.40% | 17.05% | 24.53% | 47.48% | 50.04% | -7.15% | 0.00% |
| Total Other Income/Expenses | -90.43M | -312.39M | -80.31M | -81.23M | -399.94M | -9.18M | -64.40M | 5.04M | -37.55M | -37.02M | -29.10M | -3.02M | -1.60M |
| Income Before Tax | 63.76M | 54.53M | 17.23M | 5.46M | -72.83M | 46.98M | -41.72M | 9.04M | 13.56M | -22.64M | -12.35M | -4.27M | -2.36M |
| Income Before Tax Ratio | 10.45% | 9.48% | 3.23% | 1.10% | -13.57% | 10.91% | -13.39% | 3.51% | 5.60% | -12.03% | -16.88% | -24.35% | 2,992.41% |
| Income Tax Expense | 0.00 | -989.00K | 327.00K | 491.00K | 93.20M | -60.68M | 133.10M | 35.01M | 46.02M | 112.00M | 49.02M | -927.00K | 2.36M |
| Net Income | 56.85M | 48.32M | 15.12M | 4.77M | -166.03M | 107.66M | -38.39M | 8.93M | 13.36M | -22.64M | -12.40M | -3.35M | -2.36M |
| Net Income Ratio | 9.32% | 8.40% | 2.84% | 0.96% | -30.93% | 25.01% | -12.32% | 3.47% | 5.52% | -12.03% | -16.95% | -19.07% | 2,992.41% |
| EPS | 0.48 | 0.42 | 0.15 | 0.05 | -1.52 | 1.34 | -0.63 | 0.15 | 0.22 | -0.39 | -0.20 | -1.54 | 0.00 |
| EPS Diluted | 0.43 | 0.42 | 0.13 | 0.05 | -1.52 | 1.34 | -0.59 | 0.15 | 0.22 | -0.37 | -0.20 | -1.54 | 0.00 |
| Weighted Avg Shares Out | 118.28M | 115.40M | 102.40M | 111.16M | 109.04M | 80.46M | 61.26M | 61.29M | 60.73M | 58.04M | 60.73M | 2.17M | 0.00 |
| Weighted Avg Shares Out (Dil) | 132.97M | 130.33M | 116.67M | 111.16M | 109.04M | 80.46M | 65.50M | 62.22M | 60.73M | 60.73M | 60.73M | 2.17M | 0.00 |
Phillips Edison & Company Declares Monthly Dividend Distribution
CINCINNATI, July 31, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today announced that its Board of Directors declared a monthly dividend distribution...
Phillips Edison Q2 Earnings: Slow And Steady Wins The Race
Grocery anchored retail has emerged as a top-performing asset class over the past three years, benefiting from increased traffic through a return to the grocery store. Phillips Edison & Company is an owner/developer in the grocery anchored shopping center segment,...
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Phillips Edison & Company, Inc. (PECO) Q2 2024 Earnings Call Transcript
Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q2 2024 Earnings Conference Call July 26, 2024 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President John Caulfield - CFO Conference Call...
Phillips Edison & Company, Inc. (PECO) Q2 FFO and Revenues Lag Estimates
Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.59 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to FFO of $0.59 per share a year ago.
Phillips Edison & Company Reports Second Quarter 2024 Results and Reaffirms Full Year Earnings Guidance
CINCINNATI, July 25, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today reported financial and operating results for the period...
Phillips Edison & Company Acquires Grocery-Anchored Shopping Center in Partnership with Cohen & Steers Income Opportunities REIT, Inc.
CINCINNATI, July 25, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today announced its acquisition of Des Peres Corners, a grocery-anchored shopping center...
Phillips Edison & Company Wins Top AI Award at Realcomm Conference
CINCINNATI, July 15, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, was honored June 20 at the 2024 Realcomm Conference in Tampa with...
Phillips Edison & Company Announces Appointment of Devin Murphy to Board of Directors
CINCINNATI, July 01, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today announced that on June 25, 2024, its Board...
Phillips Edison & Company Inc. Invites You to Join Its Second Quarter 2024 Earnings Conference Call
CINCINNATI, June 17, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, will announce its Second Quarter 2024 earnings results on Thursday, July 25,...
Source: https://incomestatements.info
Category: Stock Reports