Phillips Edison & Company, Inc.
PECO- Exchange
- Nasdaq
- Industry
- Real Estate Investment Trusts
- SEC CIK
- 0001476204
No open-market purchases or sales by Phillips Edison & Company, Inc. insiders were filed in the last 90 days; 449 institutions reported holding it in 13F filings for Q2 2026, worth $4.78B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 28, 2026, 12:34 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 5, 2026 | Feb 6, 2025 | Feb 8, 2024 | Feb 9, 2023 | Feb 10, 2022 |
| Revenue | $726.6M | $661.4M | $610.1M | $575.4M | $532.8M |
| Operating expenses | $527.7M | $488.9M | $455.9M | $445.0M | $435.3M |
| Selling, general and administrative | $51.6M | $45.6M | $44.4M | $45.2M | $48.8M |
| Interest expense | – | – | $84.2M | $71.2M | $76.4M |
| Income tax | $1.30M | -$1.80M | – | – | – |
| Net income | $111.3M | $62.7M | $56.8M | $48.3M | $15.1M |
| EPS, basic | $0.89 | $0.51 | $0.48 | $0.42 | $0.15 |
| EPS, diluted | $0.89 | $0.51 | $0.48 | $0.42 | $0.15 |
| Weighted shares, basic | 125.5M | 122.7M | 118.3M | 115.4M | 102.4M |
| Weighted shares, diluted | 138.9M | 136.8M | 133.0M | 130.3M | 116.7M |
| Margins and growth | |||||
| Net margin | 15.3% | 9.5% | 9.3% | 8.4% | 2.8% |
| Revenue growth, year over year | +9.9% | +8.4% | +6.0% | +8.0% | +7.0% |
| Net income growth, year over year | +77.6% | +10.3% | +17.6% | +219.6% | +216.9% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 5, 2026 | Feb 6, 2025 | Feb 8, 2024 | Feb 9, 2023 | Feb 10, 2022 |
| Cash and equivalents | $3.54M | $4.88M | $4.87M | $5.48M | $92.6M |
| Goodwill | $29.1M | $29.1M | $29.1M | $29.1M | $29.1M |
| Total assets | $5.29B | $5.05B | $4.87B | $4.74B | $4.67B |
| Long-term debt | $2.38B | $2.11B | $1.97B | $1.90B | $1.89B |
| Total liabilities | $2.70B | $2.41B | $2.21B | $2.14B | $2.19B |
| Shareholders' equity | $2.59B | $2.63B | $2.65B | $2.60B | $2.48B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 5, 2026 | Feb 6, 2025 | Feb 8, 2024 | Feb 9, 2023 | Feb 10, 2022 |
| Operating cash flow | $348.1M | $334.7M | $291.0M | $290.9M | $262.9M |
| Depreciation and amortization | $266.4M | $253.0M | $236.4M | $236.2M | $221.4M |
| Stock-based compensation | $11.7M | $9.70M | $6.87M | $15.4M | $16.4M |
| Dividends paid | $157.3M | $134.0M | $135.7M | $127.1M | $106.7M |
| Share buybacks | – | – | $0 | $0 | $77.8M |
| Investing cash flow | -$392.3M | -$392.9M | -$353.4M | -$331.2M | -$180.5M |
| Financing cash flow | $78.8M | $58.0M | $53.9M | -$57.8M | -$98.8M |
| Net change in cash | $34.7M | -$229.0K | -$8.47M | -$98.2M | -$16.4M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.6% | 1.5% | 1.1% | 2.7% | 3.1% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 20, 2026 | 129.0M | +2.5% | SEC |
| Jul 17, 2026 | 128.7M | +2.5% | SEC |
| Apr 17, 2026 | 126.0M | +0.5% | SEC |
| Feb 2, 2026 | 125.8M | +0.5% | SEC |
| Oct 17, 2025 | 125.8M | +2.6% | SEC |
| Jul 18, 2025 | 125.6M | +2.5% | SEC |
| Apr 18, 2025 | 125.4M | +2.5% | SEC |
| Feb 3, 2025 | 125.2M | +2.5% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.