PECO - NASDAQ

Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc.

PECOยทNASDAQ

$38.98

-0.94%
Real EstateREIT - Retail

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.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$4.91B
EPS0.9000
P/E Ratio43.31
Earnings Date07/23/2026
Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. Fair Value Envelope

PECO ยท NASDAQ

Our analysis suggests that PECO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $38.98, this represents a potential HIDDEN relative to our calculated worth for Phillips Edison & Company, Inc..

HIDDEN
Intrinsic Value
Current Price: $38.98

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$2.0B
+ Cash & Equivalents$3.5M
Firm Value$2.0B
- Debt$2.5B
Equity Value-$491.4M
/ Shares Outstanding125,800,000B
DCF Value-$4
OVERVALUED BY 110%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$308.0M
$272.5M
$241.1M
$213.3M
$188.7M
$167.0M
$147.7M
$130.7M
$115.6M
$102.3M
Maintenance CapEx
-$24.1M
-$21.3M
-$18.9M
-$16.7M
-$14.8M
-$13.1M
-$11.6M
-$10.2M
-$9.0M
-$8.0M
Owner Earnings
$283.9M
$251.2M
$222.2M
$196.6M
$174.0M
$153.9M
$136.2M
$120.5M
$106.6M
$94.3M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$262.9M
$215.4M
$176.4M
$144.5M
$118.4M
$97.0M
$79.5M
$65.1M
$53.3M
$43.7M
Terminal Value represents 37.2% of Enterprise Value

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5

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