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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 to Present at Nareit REITweek 2024 Investor Conference
CINCINNATI, May 29, 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 Jeff Edison, Chairman and Chief Executive Officer will present...
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Phillips Edison & Company Announces Pricing of Offering of $350 Million Aggregate Principal Amount of 5.750% Senior Unsecured Notes Due 2034
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Phillips Edison & Company Declares Monthly Dividend Distributions; Announces Results of Annual Meeting of Stockholders
CINCINNATI, April 30, 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 monthly dividend distributions of...
Phillips Edison & Company, Inc. (PECO) Q1 2024 Earnings Call Transcript
Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q1 2024 Earnings Conference Call April 26, 2024 ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President John Caulfield - CFO Conference Call Participants Caitlin...
Phillips Edison & Company (PECO) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for Phillips Edison & Company (PECO) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the...
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