See more : Adyen N.V. (1N8.DE) 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 Reports Fourth Quarter and Full Year 2023 Results; Increases 2024 Guidance
CINCINNATI, Feb. 08, 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 Announces Tax Reporting Information for 2023 Dividend Distributions
CINCINNATI, Jan. 17, 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 its tax reporting information for the 2023...
Phillips Edison & Company Announces Execution of Interest Rate Swap
CINCINNATI, Jan. 16, 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 it has entered into an interest...
S&P Upgrades Phillips Edison & Company's Rating Outlook to ‘Positive' from ‘Stable'
CINCINNATI, Jan. 11, 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 S&P Global Ratings (“S&P”) revised its rating outlook for...
Phillips Edison & Company Inc. Invites You to Join Its Fourth Quarter and Full Year 2023 Earnings Conference Call
CINCINNATI, Jan. 08, 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 Fourth Quarter and Full Year 2023 earnings results on...
Property Type Round-Up From REITWorld
REITWorld conference in Los Angeles featured 29 meetings, including exclusive sessions with REIT CEOs and CFOs, and property tours. Common themes discussed included cautious optimism on 2024 fundamentals, distressed opportunities, and challenges in the market. Actionable ideas and key takeaways...
Phillips Edison & Company to Host Investment Community Day
CINCINNATI, Nov. 29, 2023 (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 host its Investment Community Day on Thursday, December 14, 2023 at...
Phillips Edison & Company: Strong Pricing Power, Good Occupancy, Defensive Nature
Phillips Edison & Company's defensive nature and bargaining power make it a good investment in the current retail climate. PECO's financials show steady growth, with a same-store net operating income rise of 3.2% and a record portfolio lease rate of...
Phillips Edison & Company Declares Monthly Dividend Distributions
CINCINNATI, Nov. 07, 2023 (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) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Phillips Edison & Company, Inc. (PECO) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates...
Source: https://incomestatements.info
Category: Stock Reports