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Phillips Edison & Company, Inc.

PECO Clue Score57
United States Fiscal year ends December CIK 0001476204
$37.57 +0.48% Close, 9 Oct 2026
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Price $37.57 +18.85% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 15 Jul 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue257.7Net income8.9Fiscal year 2017Revenue311.5 +20.9%Net income−38.4 −529.8%Fiscal year 2018Revenue430.4 +38.1%Net income39.1Fiscal year 2019Revenue536.7 +24.7%Net income−63.5 −262.3%EPS, diluted−0.67Fiscal year 2020Revenue498.0 −7.2%Net income4.8EPS, diluted0.05Fiscal year 2021Revenue10.3 −97.9%Net income15.1 +216.9%EPS, diluted0.15Fiscal year 2022Revenue11.5 +11.7%Net income48.3 +219.6%EPS, diluted0.42Fiscal year 2023Revenue9.6 −16.4%Net income56.8 +17.6%EPS, diluted0.48Fiscal year 2024Revenue10.7 +11.2%Net income62.7 +10.3%EPS, diluted0.51Fiscal year 2025Revenue12.8 +18.8%Net income111.3 +77.6%EPS, diluted0.89
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 257.7 311.5 430.4 536.7 498.0 10.3 11.5 9.6 10.7 12.8
Growth +20.9% +38.1% +24.7% −7.2% −97.9% +11.7% −16.4% +11.2% +18.8%
Net income 8.9 −38.4 39.1 −63.5 4.8 15.1 48.3 56.8 62.7 111.3
Growth −529.8% −262.3% +216.9% +219.6% +17.6% +10.3% +77.6%
EPS, diluted n/a n/a n/a −0.67 0.05 0.15 0.42 0.48 0.51 0.89

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin3.5%Fiscal year 2017Net margin−12.3%Fiscal year 2018Net margin9.1%Fiscal year 2019Net margin−11.8%Fiscal year 2020Net margin1.0%Fiscal year 2021Net margin146.3%Fiscal year 2022Net margin418.7%Fiscal year 2023Net margin589.3%Fiscal year 2024Net margin584.1%Fiscal year 2025Net margin872.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 3.5% −12.3% 9.1% −11.8% 1.0% 146.3% 418.7% 589.3% 584.1% 872.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow103.1Buybacks−20.3Dividends paid−64.3Fiscal year 2017Operating cash flow108.9Buybacks−46.5Dividends paid−74.2Fiscal year 2018Operating cash flow153.3Buybacks−53.2Dividends paid−80.7Fiscal year 2019Operating cash flow226.9Buybacks−34.7Dividends paid−123.1Fiscal year 2020Operating cash flow210.6Buybacks−5.3Dividends paid−49.3Fiscal year 2021Operating cash flow262.9Buybacks−77.8Dividends paid−106.7Fiscal year 2022Operating cash flow290.9Buybacks0.0Dividends paid−127.1Fiscal year 2023Operating cash flow291.0Buybacks0.0Dividends paid−135.7Fiscal year 2024Operating cash flow334.7Dividends paid−134.0Fiscal year 2025Operating cash flow348.1Dividends paid−157.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 103.1 108.9 153.3 226.9 210.6 262.9 290.9 291.0 334.7 348.1
Buybacks −20.3 −46.5 −53.2 −34.7 −5.3 −77.8 0.0 0.0 n/a n/a
Dividends paid −64.3 −74.2 −80.7 −123.1 −49.3 −106.7 −127.1 −135.7 −134.0 −157.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash8.2Total debt1,056.2Net cash (debt)−1,047.9Shareholders’ equity1,201.4Debt to equity0.88Fiscal year 2017Cash5.7Total debt1,807.0Net cash (debt)−1,801.3Shareholders’ equity1,046.2Debt to equity1.73Fiscal year 2018Cash16.8Total debt2,438.8Net cash (debt)−2,422.0Shareholders’ equity1,998.0Debt to equity1.22Fiscal year 2019Cash17.8Total debt2,354.1Net cash (debt)−2,336.3Shareholders’ equity1,814.0Debt to equity1.30Fiscal year 2020Cash104.3Total debt2,292.6Net cash (debt)−2,188.3Shareholders’ equity1,690.4Debt to equity1.36Fiscal year 2021Cash92.6Total debt1,891.7Net cash (debt)−1,799.1Shareholders’ equity2,149.5Debt to equity0.88Fiscal year 2022Cash5.5Total debt1,896.6Net cash (debt)−1,891.1Shareholders’ equity2,236.5Debt to equity0.85Fiscal year 2023Cash4.9Total debt1,969.3Net cash (debt)−1,964.4Shareholders’ equity2,310.3Debt to equity0.85Fiscal year 2024Cash4.9Total debt2,109.5Net cash (debt)−2,104.7Shareholders’ equity2,319.9Debt to equity0.91Fiscal year 2025Cash3.5Total debt2,375.3Net cash (debt)−2,371.8Shareholders’ equity2,286.6Debt to equity1.04
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 8.2 5.7 16.8 17.8 104.3 92.6 5.5 4.9 4.9 3.5
Total debt 1,056.2 1,807.0 2,438.8 2,354.1 2,292.6 1,891.7 1,896.6 1,969.3 2,109.5 2,375.3
Net cash (debt) −1,047.9 −1,801.3 −2,422.0 −2,336.3 −2,188.3 −1,799.1 −1,891.1 −1,964.4 −2,104.7 −2,371.8
Shareholders’ equity 1,201.4 1,046.2 1,998.0 1,814.0 1,690.4 2,149.5 2,236.5 2,310.3 2,319.9 2,286.6
Debt to equity 0.88 1.73 1.22 1.30 1.36 0.88 0.85 0.85 0.91 1.04

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019† 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
257.7 311.5 430.4 536.7 498.0 10.3 11.5 9.6 10.7 12.8
Growth +20.9% +38.1% +24.7% −7.2% −97.9% +11.7% −16.4% +11.2% +18.8%
37.6 36.9 50.4 48.5 41.4 48.8 45.2 44.4 45.6 51.6
n/a n/a n/a n/a n/a n/a −0.8 0.4 1.8 1.3
8.9 −38.4 39.1 −63.5 4.8 15.1 48.3 56.8 62.7 111.3
Growth −529.8% −262.3% +216.9% +219.6% +17.6% +10.3% +77.6%
Per share
n/a n/a n/a −0.67 0.05 0.15 0.42 0.48 0.51 0.89
n/a n/a n/a −0.67 0.05 0.15 0.42 0.48 0.51 0.89
Growth +200.0% +180.0% +14.3% +6.3% +74.5%
183.9 183.8 196.6 94.6 96.8 102.4 115.4 118.3 122.7 125.5
186.7 196.5 241.4 109.0 111.2 116.7 130.3 133.0 136.8 138.9
Growth +5.3% +22.8% −54.8% +1.9% +5.0% +11.7% +2.0% +2.9% +1.5%

† The diluted share count jumps at 2019, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 52.0% a year over five years.
  • A net loss in 2 of 10 years on file.