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Phillips Edison & Co. logo

Phillips Edison & Co.

PECO

NASDAQReal EstateREIT - Retail

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Previous close

$39.27

−$0.16 · -0.41%

Aug 21, 4:00 PM ET

PECO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

55

Fair Value

Momentum

53

Neutral

Sentiment

65

Bullish

Risk resilience

84

Low Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Phillips Edison & Company, Inc. is one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers. PECO has generated strong results through its vertically integrated operating platform and national footprint of well-occupied shopping centers. PECO’s centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO’s top grocery anchors include Kroger, Publix, Albertsons and Ahold Delhaize. As of December 31, 2025, PECO managed 324 shopping centers, including 297 wholly owned centers comprising 33.5 million square feet across 31 states and 27 shopping centers owned in three institutional joint ventures. PECO is focused on creating great omni-channel, grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time. Phillips Edison & Company, Inc. was incorporated in 1991.

Industry
REIT - Retail
Sector
Real Estate
Headquarters
US
CEO
Jeffrey S. Edison
Listed since
Feb 25, 2021
Employees
320

Market position

Day range

Current $39.27

52-week range

Current $39.27

Open
$39.56
Previous close
$39.43
Volume
836.9K
0.86× average
Average volume
971.03K
Average daily volume
Market cap
5.04B USD
Beta
0.51
Market reference 1
50-day average
$41.7168
-5.87% below average
200-day average
$38.4663
+2.09% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.91B USD
P/E (TTM)
34.15×
P/B (TTM)
2.07×
P/S (TTM)
6.72×
EV / EBITDA
13.66×
Earnings yield
2.52%
Free cash flow yield
4.80%
Dividend yield
3.31%

Profitability & efficiency

Gross margin
71.00%
Operating margin
29.03%
Net margin
19.13%
Return on equity
4.87%
Return on assets
2.11%
Return on invested capital
3.87%

Financial health

Debt / equity
1.09×
Current ratio
0.66×
Altman Z-score
1
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends79%50%21%-9%Gross margin, FY2021: 70.29%Gross margin, FY2022: 71.63%Gross margin, FY2023: 71.30%Gross margin, FY2024: 71.22%Gross margin, FY2025: -1.39%Operating margin, FY2021: 61.13%Operating margin, FY2022: 63.77%Operating margin, FY2023: 64.03%Operating margin, FY2024: 64.33%Operating margin, FY2025: 27.15%Net margin, FY2021: 2.84%Net margin, FY2022: 8.40%Net margin, FY2023: 9.32%Net margin, FY2024: 9.48%Net margin, FY2025: 15.20%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 70.29%. Gross margin FY2022 71.63%. Gross margin FY2023 71.30%. Gross margin FY2024 71.22%. Gross margin FY2025 -1.39%. Operating margin FY2021 61.13%. Operating margin FY2022 63.77%. Operating margin FY2023 64.03%. Operating margin FY2024 64.33%. Operating margin FY2025 27.15%. Net margin FY2021 2.84%. Net margin FY2022 8.40%. Net margin FY2023 9.32%. Net margin FY2024 9.48%. Net margin FY2025 15.20%.

Income trends

Revenue

732.3M USD+10.72%

Operating income

198.85M USD-53.26%

Net income

111.3M USD+77.56%
Income trends across reported periods804.02M USD517.15M USD230.27M USD−56.6M USDRevenue, FY2021: 532.85M USDRevenue, FY2022: 575.37M USDRevenue, FY2023: 610.12M USDRevenue, FY2024: 661.39M USDRevenue, FY2025: 732.3M USDOperating income, FY2021: 325.73M USDOperating income, FY2022: 366.91M USDOperating income, FY2023: 390.64M USDOperating income, FY2024: 425.46M USDOperating income, FY2025: 198.85M USDNet income, FY2021: 15.12M USDNet income, FY2022: 48.32M USDNet income, FY2023: 56.85M USDNet income, FY2024: 62.69M USDNet income, FY2025: 111.3M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 532.85M USD. Revenue FY2022 575.37M USD. Revenue FY2023 610.12M USD. Revenue FY2024 661.39M USD. Revenue FY2025 732.3M USD. Operating income FY2021 325.73M USD. Operating income FY2022 366.91M USD. Operating income FY2023 390.64M USD. Operating income FY2024 425.46M USD. Operating income FY2025 198.85M USD. Net income FY2021 15.12M USD. Net income FY2022 48.32M USD. Net income FY2023 56.85M USD. Net income FY2024 62.69M USD. Net income FY2025 111.3M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue732.3M USD661.39M USD610.12M USD575.37M USD532.85M USD
Cost of goods sold742.48M USD190.32M USD175.12M USD163.22M USD158.3M USD
Gross profit−10.19M USD471.08M USD435.01M USD412.15M USD374.55M USD
Selling, general, and administrative51.64M USD45.61M USD44.37M USD45.24M USD48.82M USD
Operating expenses−209.03M USD45.61M USD44.37M USD45.24M USD48.82M USD
Interest expense110.25M USD95.7M USD83.86M USD71.2M USD76.37M USD
Depreciation and amortization266.37M USD238.52M USD226.14M USD224.93M USD217.85M USD
Operating income198.85M USD425.46M USD390.64M USD366.91M USD325.73M USD
Net income111.3M USD62.69M USD56.85M USD48.32M USD15.12M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
+2.55%
11 comparable reports
Latest EPS result
0.33
Estimate 0.18 · Beat by 80.53%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.680.480.280.09Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 0.15, estimate 0.12, surprise +25.00%, Beat. Q2 2025, reported Apr 24, 2025: actual 0.21, estimate 0.63, surprise -66.67%, Miss. Q3 2025, reported Jul 24, 2025: actual 0.1, estimate 0.63, surprise -84.13%, Miss. Q4 2025, reported Oct 23, 2025: actual 0.2, estimate 0.64, surprise -68.75%, Miss. Q1 2026, reported Feb 5, 2026: actual 0.38, estimate 0.162, surprise +135.29%, Beat. Q2 2026, reported Apr 23, 2026: actual 0.24, estimate 0.173, surprise +39.13%, Beat. Q3 2026, reported Jul 23, 2026: actual 0.33, estimate 0.183, surprise +80.53%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 0.188, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates306.26M256.13M206M155.86MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 173.05M USD, estimate 168.12M USD, surprise +2.93%, Beat. Q2 2025, reported Apr 24, 2025: actual 178.31M USD, estimate 170.48M USD, surprise +4.59%, Beat. Q3 2025, reported Jul 24, 2025: actual 177.75M USD, estimate 176.21M USD, surprise +0.88%, Beat. Q4 2025, reported Oct 23, 2025: actual 294.48M USD, estimate 183.18M USD, surprise +60.76%, Beat. Q1 2026, reported Feb 5, 2026: actual 183.24M USD, estimate 167.64M USD, surprise +9.31%, Beat. Q2 2026, reported Apr 23, 2026: actual 186.28M USD, estimate 183.67M USD, surprise +1.42%, Beat. Q3 2026, reported Jul 23, 2026: actual 184.45M USD, estimate 187.46M USD, surprise -1.61%, Miss. Q4 2026, reported Oct 22, 2026: actual —, estimate 191.07M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$45.33

15.43% upside
Past 12 months12-month forecastHigh $47.00Average $45.33Low $42.00

Rating distribution

15 ratings
Strong buy00%
Buy853%
Hold747%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
Ladenburg ThalmannmaintainBuy

PECO news

zacks.com

This is Why Phillips Edison & Company, Inc. (PECO) is a Great Dividend Stock

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Phillips Edison & Company (PECO) have what it takes?

Read source
zacks.com

Phillips Edison & Company (PECO) Upgraded to Buy: Here's Why

Phillips Edison & Company (PECO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Read source
zacks.com

PECO or REG: Which Is the Better Value Stock Right Now?

Investors interested in stocks from the REIT and Equity Trust - Retail sector have probably already heard of Phillips Edison & Company, Inc. (PECO) and Regency Centers (REG). But which of these two stocks presents…

Read source
invezz.com

Mizuho names the top 2 REITs worth owning in 2026

Mizuho has refreshed its rolling conviction list of top real estate investment trusts (REITs) for the second half of 2026, pointing investors toward subsectors with proven earnings momentum. The investment bank selected…

Read source
zacks.com

Down 6.6% in 4 Weeks, Here's Why Phillips Edison & Company (PECO) Looks Ripe for a Turnaround

Phillips Edison & Company (PECO) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates…

Read source
zacks.com

Phillips Edison & Company (PECO) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Phillips Edison & Company (PECO) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.2532

2025 complete year+14.7% since 2022

2026 partial: $0.8664

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 17, 2026

$0.1083

Monthly

Record Aug 17, 2026 · Payment Sep 1, 2026

Dividend

Ex-dividend Jul 15, 2026

$0.1083

Monthly

Record Jul 15, 2026 · Payment Aug 4, 2026

Dividend

Ex-dividend Jun 15, 2026

$0.1083

Monthly

Record Jun 15, 2026 · Payment Jul 1, 2026

Dividend

Ex-dividend May 15, 2026

$0.1083

Monthly

Record May 15, 2026 · Payment Jun 2, 2026

Dividend

Ex-dividend Apr 15, 2026

$0.1083

Monthly

Record Apr 15, 2026 · Payment May 1, 2026

Dividend

Ex-dividend Mar 16, 2026

$0.1083

Monthly

Record Mar 16, 2026 · Payment Apr 1, 2026

PECO peers

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$23.21

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Lamar Advertising Company logo

LAMR

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$150.77

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Regency Centers Corporation logo

REG

Regency Centers Corporation

$76.06

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CoStar Group, Inc. logo

CSGP

CoStar Group, Inc.

$32.26

0.00%

ETFs holding PECO

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
306.15M
Weight
0.27%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
203.63M
Weight
0.28%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
170.45M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
131.46M
Weight
0.16%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
123.09M
Weight
0.07%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
61.59M
Weight
0.06%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
47.87M
Weight
0.33%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
State Street SPDR Portfolio S&P 600 Small Cap ETF logoState Street SPDR Portfolio S&P 600 Small Cap ETFSPSM
Market value
46.8M
Weight
0.27%
AUM
17.03B USD
Expense ratio
0.03%
Price / 1D
$57.28+0.61%

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