PECO - NASDAQ
Phillips Edison & Company, Inc.
$39.21
-0.36%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.
At a Glance
Live SnapshotPhillips Edison & Company, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Negative gross margin indicates the company is losing money on each sale—unsustainable long-term.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Strong net margins indicate efficient operations and favorable tax/interest management.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Critical situation: Negative gross margins indicate fundamental business model issues. The company loses money on every sale—immediate strategic changes required.
Phillips Edison & Company, Inc. Income Statement
PECO • NASDAQ
| Phillips Edison & Company, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||||||||
732.3M | 661.4M | 610.1M | 575.4M | 532.8M | 498M | 536.7M | 430.4M | 311.5M | 257.7M | 242.1M | 188.2M | 73.2M | 17.6M | -79K | |
GROSS PROFIT | |||||||||||||||
(742.5M) | (190.3M) | (175.1M) | (163.2M) | (158.3M) | (154.5M) | (161.1M) | (132.5M) | (97.3M) | (78.5M) | (79.1M) | (75.6M) | (40.3M) | (9M) | (0.0) | |
-10.2M | 471.1M | 435M | 412.1M | 374.6M | 343.5M | 375.6M | 297.8M | 214.3M | 179.2M | 163M | 112.6M | 32.8M | 8.6M | -79K | |
OPERATING INCOME | |||||||||||||||
-209M | (45.6M) | (44.4M) | (45.2M) | (48.8M) | (41.4M) | (48.5M) | (50.4M) | (60.9M) | (36.3M) | (15.8M) | (36.5M) | (4.3M) | (9.8M) | (0.0) | |
(51.6M) | (45.6M) | (44.4M) | (45.2M) | (48.8M) | (41.4M) | (48.5M) | (50.4M) | (60.9M) | (36.3M) | (15.8M) | (36.5M) | (4.3M) | (1.7M) | (0.0) | |
198.8M | 425.5M | 390.6M | 366.9M | 325.7M | 302.1M | 327.1M | 247.4M | 153.3M | 142.9M | 147.2M | 76.1M | 28.5M | -1.3M | 0.0 | |
PRE-TAX INCOME | |||||||||||||||
(110.2M) | (95.7M) | (83.9M) | (71.2M) | (76.4M) | (85.3M) | (103.2M) | (72.6M) | (45.7M) | (32.5M) | (32.4M) | (20.4M) | (10.5M) | (0.0) | (0.0) | |
-110.2M | -95.7M | -83.9M | -71.2M | -76.4M | -85.3M | -103.2M | -72.6M | -45.7M | -32.5M | -32.4M | -20.4M | -10.5M | 3M | 0.0 | |
-260.7M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-74.6M | -353.9M | -326.4M | -312.4M | -308.5M | -296.7M | -399.9M | -200.5M | -195.1M | -133.9M | -133.6M | -98.8M | -40.8M | -3M | -1.6M | |
124.3M | 71.5M | 64.2M | 54.5M | 17.2M | 5.5M | -72.8M | 47M | -41.7M | 9M | 13.6M | -22.6M | -12.4M | -4.3M | -2.4M | |
NET INCOME | |||||||||||||||
(1.3M) | (1.8M) | (438K) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (2.4M) | |
111.3M | 62.7M | 56.8M | 48.3M | 15.1M | 4.8M | -63.5M | 39.1M | -38.4M | 8.9M | 13.4M | -22.6M | -12.4M | -3.3M | -2.4M |
SEC Filings
PECO - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 12, 2026 | May 12, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 24, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 23, 2026 | April 23, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 23, 2026 | March 23, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 24, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 12, 2026 | February 12, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 10, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 05, 2026 | February 05, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 17, 2025 | December 17, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 05, 2025 | November 05, 2025 | 2025 |
Related Guides
Continue your PECO research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.