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 (PECO) Rewards Investors With 4.5% Dividend Hike
Phillips Edison & Company (PECO) rewards investors with a 4.5% dividend increase. Its ability to generate decent cash flows and solid balance sheet strength are expected to support the latest hike.
Phillips Edison & Company Increases Monthly Dividend Distribution by 4.5% to $0.0975 Per Common Share
CINCINNATI, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, today announced that its Board of Directors (the “Board”) approved a...
Phillips Edison (PECO) Expands Portfolio, Buys Texas Property
In sync with its external growth strategy, Phillips Edison & Company (PECO) expands in Texas with the buyout of Lake Pointe Market, a 40,600 square-foot grocery-anchored neighborhood shopping center.
Phillips Edison & Company Acquires Lake Pointe Market
CINNCINATI, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers, today announced that it has acquired Lake Pointe Market, a...
Phillips Edison & Company to Present at BofA Securities 2023 Global Real Estate Conference
CINCINNATI, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, today announced that Jeff Edison, Chairman and Chief Executive Officer, is...
Phillips Edison: Limited Catalysts, Shares Fairly Valued
Phillips Edison, operator of essential-based shopping centers, continues to put forward record results. This includes record leased rates and renewal spreads. The strength has enabled positive revisions to full-year guidance.
Phillips Edison & Company Declares Monthly Dividend Distribution
CINCINNATI, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO”), one of the nation's largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, today announced that its Board of Directors declared a monthly dividend...
Phillips Edison & Company, Inc. (PECO) Q2 2023 Earnings Call Transcript
Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q2 2023 Earnings Conference Call August 2, 2023 12:00 PM ET Company Participants Kim Green - VP, IR Jeffrey Edison - Chairman & CEO Devin Murphy - President John Caulfield - CFO, EVP...
Phillips Edison & Company, Inc. (PECO) Q2 FFO and Revenues Surpass Estimates
Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.59 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to FFO of $0.56 per share a year ago.
Phillips Edison & Company Reports Second Quarter 2023 Results and Raises Full Year Earnings Guidance
CINCINNATI, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, today reported financial and operating results for the...
Source: https://incomestatements.info
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