Real Estate -
REIT - Retail - NASDAQ - US
$ 37.46
0.699 %
$ 4.69 B
Market Cap
73.45
P/E
1. INTRINSIC VALUE
Balance Sheet
Phillips Edison & Company, Inc.
| Current Assets | 4.88 M |
| Cash & Short-Term Investments | 4.88 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 629 M |
| Long-Term Investments | 38.5 M |
| PP&E | 26.6 M |
| Other Non-Current Assets | 564 M |
| Current Liabilities | 227 M |
| Accounts Payable | 164 M |
| Short-Term Debt | 40 M |
| Other Current Liabilities | 22.9 M |
| Non-Current Liabilities | 2.39 B |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 2.39 B |
EFFICIENCY
Earnings Waterfall
Phillips Edison & Company, Inc.
| Revenue | 661 M |
| Cost Of Revenue | 190 M |
| Gross Profit | 471 M |
| Operating Expenses | 299 M |
| Operating Income | 172 M |
| Other Expenses | 103 M |
| Net Income | 69.7 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Phillips Edison & Company, Inc.
| Net Income | 69.7 M |
| Depreciation & Amortization | 253 M |
| Capital Expenditures | -95.1 M |
| Stock-Based Compensation | 9.7 M |
| Change in Working Capital | 0 |
| Others | -14.3 M |
| Free Cash Flow | 240 M |
Wall Street Analysts Price Targets
Phillips Edison & Company, Inc.
Wall Street analysts predict an average 1-year price target for PECO of $35.6 , with forecasts ranging from
a
low of
$31 to a high of $38 .
PECO Lowest Price Target
Wall Street Target
31 USD
-17.25%
PECO Average Price Target
Wall Street Target
35.6 USD
-5.04%
PECO Highest Price Target
Wall Street Target
38 USD
1.44%
4. DIVIDEND
ANALYSIS
0.55%
DIVIDEND YIELD
0.102 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Phillips Edison & Company, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 year ago
May 16, 2023
|
Bought
292 K USD
|
CHAO LESLIE T
Director
|
+ 10000
|
29.18 USD |
|
2 years ago
Nov 21, 2022
|
Sell 302 K
USD
|
Massey Paul
Director
|
- 9600
|
31.42 USD |
|
3 years ago
Jul 19, 2021
|
Bought
42 K USD
|
Wood Gregory S.
Director
|
+ 1500
|
28 USD |
|
3 years ago
Jul 19, 2021
|
Bought
196 K USD
|
CHAO LESLIE T
Director
|
+ 7000
|
28 USD |
|
3 years ago
Jul 19, 2021
|
Bought
1.4 M USD
|
Edison Jeffrey
Chairman and CEO
|
+ 50000
|
28 USD |
|
7 years ago
Oct 04, 2017
|
Bought
0 USD
|
Myers Robert F.
Chief Operating Officer
|
+ 50688
|
0 USD |
|
7 years ago
Oct 04, 2017
|
Bought
0 USD
|
Myers Robert F.
Chief Operating Officer
|
+ 11119
|
0 USD |
|
7 years ago
Oct 04, 2017
|
Bought
0 USD
|
Murphy Devin Ignatius
CFO, Secretary and Treasurer
|
+ 664037
|
0 USD |
|
7 years ago
Oct 04, 2017
|
Bought
0 USD
|
Murphy Devin Ignatius
CFO, Secretary and Treasurer
|
+ 362940
|
0 USD |
|
7 years ago
Oct 04, 2017
|
Bought
0 USD
|
Edison Jeffrey
CEO and Charman of the Board
|
+ 17392769
|
0 USD |
|
7 years ago
Oct 04, 2017
|
Bought
0 USD
|
Edison Jeffrey
CEO and Charman of the Board
|
+ 2105071
|
0 USD |
|
7 years ago
Oct 04, 2017
|
Bought
0 USD
|
Addy Robert Mark
Executive Vice President
|
+ 50175
|
0 USD |
|
7 years ago
Oct 04, 2017
|
Bought
0 USD
|
Addy Robert Mark
Executive Vice President
|
+ 8695
|
0 USD |
|
11 years ago
Jan 15, 2014
|
Bought
7.5 K USD
|
QUAZZO STEPHEN R
Director
|
+ 833.33
|
9 USD |
|
11 years ago
Jan 15, 2014
|
Bought
8.25 K USD
|
Massey Paul
Director
|
+ 916.67
|
9 USD |
|
11 years ago
Dec 03, 2013
|
Bought
4.32 K USD
|
Edison Jeffrey
Chairman of the Board and CEO
|
+ 480
|
9 USD |
|
11 years ago
Nov 26, 2013
|
Bought
400 K USD
|
Edison Jeffrey
Chairman of the Board and CEO
|
+ 44500
|
9 USD |
|
11 years ago
Nov 21, 2013
|
Bought
7.5 K USD
|
QUAZZO STEPHEN R
Director
|
+ 833.33
|
9 USD |
|
11 years ago
Nov 04, 2013
|
Bought
500 K USD
|
Edison Jeffrey
Chairman of the Board and CEO
|
+ 55555.56
|
9 USD |
|
11 years ago
Oct 31, 2013
|
Bought
189 K USD
|
Edison Jeffrey
Chairman of the Board and CEO
|
+ 21000
|
9 USD |
|
11 years ago
Oct 14, 2013
|
Bought
25 K USD
|
Addy Robert Mark
Co-President and COO
|
+ 2777.78
|
9 USD |
|
11 years ago
Sep 30, 2013
|
Bought
171 K USD
|
Edison Jeffrey
Chairman of the Board and CEO
|
+ 19000
|
9 USD |
|
11 years ago
Sep 25, 2013
|
Bought
9.25 K USD
|
Massey Paul
Director
|
+ 1027.78
|
9 USD |
|
11 years ago
Sep 25, 2013
|
Bought
8.5 K USD
|
Kirk Ronald
Director
|
+ 944.44
|
9 USD |
|
11 years ago
Aug 29, 2013
|
Bought
180 K USD
|
Phillips Michael
Co-Chairman of the Board
|
+ 20000
|
9 USD |
|
11 years ago
Aug 29, 2013
|
Bought
180 K USD
|
Edison Jeffrey
Co-Chair of the Board and CEO
|
+ 20000
|
9 USD |
|
11 years ago
Jul 26, 2013
|
Bought
125 K USD
|
Phillips Michael
Co-Chairman of the Board
|
+ 13888.89
|
9 USD |
|
11 years ago
Jul 26, 2013
|
Bought
125 K USD
|
Edison Jeffrey
Co-Chair of the Board and CEO
|
+ 13888.89
|
9 USD |
|
11 years ago
Jul 15, 2013
|
Bought
250 K USD
|
Kirk Ronald
Director
|
+ 27777.78
|
9 USD |
|
11 years ago
Jul 10, 2013
|
Bought
150 K USD
|
Hershman Ethan
Director
|
+ 16666.67
|
9 USD |
|
11 years ago
Jun 28, 2013
|
Bought
110 K USD
|
Edison Jeffrey
Co-Chair of the Board and CEO
|
+ 12222.22
|
9 USD |
|
11 years ago
Jun 28, 2013
|
Bought
110 K USD
|
Phillips Michael
Co-Chairman of the Board
|
+ 12222.22
|
9 USD |
|
11 years ago
Jun 28, 2013
|
Bought
25 K USD
|
Addy Robert Mark
Co-President and COO
|
+ 2777.78
|
9 USD |
|
11 years ago
Jun 26, 2013
|
Bought
7.5 K USD
|
Kirk Ronald
Director
|
+ 833.33
|
9 USD |
|
11 years ago
Jun 26, 2013
|
Bought
8.25 K USD
|
Massey Paul
Director
|
+ 916.67
|
9 USD |
|
11 years ago
May 31, 2013
|
Bought
100 K USD
|
Phillips Michael
Co-Chair of Board and CEO
|
+ 11111.11
|
9 USD |
|
11 years ago
May 31, 2013
|
Bought
100 K USD
|
Edison Jeffrey
Co-Chair of Board and CEO
|
+ 11111.11
|
9 USD |
|
11 years ago
May 17, 2013
|
Bought
25 K USD
|
Addy Robert Mark
Co-President and COO
|
+ 2777.778
|
9 USD |
|
11 years ago
Apr 22, 2013
|
Bought
300 K USD
|
Kirk Ronald
Director
|
+ 33333.33
|
9 USD |
|
11 years ago
Apr 18, 2013
|
Bought
200 K USD
|
Kirk Ronald
Director
|
+ 22222.22
|
9 USD |
|
11 years ago
Apr 01, 2013
|
Bought
100 K USD
|
Edison Jeffrey
Co-Chairman of the Board & CEO
|
+ 11111.11
|
9 USD |
|
11 years ago
Apr 01, 2013
|
Bought
100 K USD
|
Phillips Michael
Co-Chairman of the Board
|
+ 11111.11
|
9 USD |
|
11 years ago
Mar 26, 2013
|
Bought
8.25 K USD
|
Massey Paul
Director
|
+ 916.67
|
9 USD |
|
11 years ago
Mar 26, 2013
|
Bought
7.5 K USD
|
Kirk Ronald
Director
|
+ 833.33
|
9 USD |
|
12 years ago
Feb 25, 2013
|
Bought
500 K USD
|
Phillips Michael
Co-Chairman of the Board
|
+ 55555.56
|
9 USD |
7. News
Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors on February 25
CINCINNATI, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will host a PECO GROW Update for financial advisors and retail investors on Tuesday, February 25, 2025, at 12:00 p.m. ET. During the webcast, PECO will discuss the business and answer questions from financial advisors and retail investors.
globenewswire.com
- 2 weeks ago
Phillips Edison & Company Declares Monthly Dividend Distributions
CINCINNATI, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that its Board of Directors declared monthly dividend distributions of $0.1025 per share of the Company's common stock payable on April 1, 2025 and May 1, 2025 to stockholders of record as of March 17, 2025 and April 15, 2025, respectively.
globenewswire.com
- 2 weeks ago
Phillips Edison: Prime Grocery-Anchored Real Estate At A Great Price
Phillips Edison offers high exposure to grocery-anchored shopping centers, providing a resilient business model with high occupancy and robust lease spreads. PECO's disciplined acquisition strategy and ground-up development opportunities are expected to deliver attractive returns, supported by a strong investment-grade balance sheet. With a well-covered 3.3% dividend yield and attractive valuation below its historical P/FFO average, PECO is positioned for potentially strong total returns.
seekingalpha.com
- 3 weeks ago
Phillips Edison & Company, Inc. (PECO) Q4 2024 Earnings Conference Call Transcript
Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q4 2024 Earnings Conference Call February 7, 2025 12:00 PM ET Company Participants Kimberly Green - Head of IR Jeff Edison - CEO Bob Myers - President John Caulfield - CFO Conference Call Participants Jeffrey Spector - Bank of America Merrill Lynch Haendel St. Juste - Mizuho Caitlin Burrows - Goldman Sachs Dori Kesten - Wells Fargo Ronald Kamdem - Morgan Stanley Omotayo Okusanya - Deutsche Bank Todd Thomas - KeyBanc Capital Markets Floris Van Dijkum - Compass Point Michael Mueller - JP Morgan Juan Sanabria - BMO Capital Markets Paulina Rojas - Green Street Operator Good day, and welcome to Phillips Edison & Company's Fourth Quarter and Full Year 2024 Earnings Call. Please note that this call is being recorded.
seekingalpha.com
- 3 weeks ago
Phillips Edison & Company (PECO) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Phillips Edison & Company (PECO) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 3 weeks ago
Phillips Edison & Company, Inc. (PECO) Meets Q4 FFO Estimates
Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.58 per share a year ago.
zacks.com
- 3 weeks ago
Phillips Edison & Company Reports Fourth Quarter and Full Year 2024 Results
CINCINNATI, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today reported financial and operating results for the fourth quarter and full year ended December 31, 2024 and provided guidance for 2025. For the fourth quarter and full year ended December 31, 2024, net income attributable to stockholders was $18.1 million, or $0.15 per diluted share, and $62.7 million, or $0.51 per diluted share, respectively.
globenewswire.com
- 3 weeks ago
Cohen & Steers Income Opportunities REIT, Inc. Acquires Publix-Anchored Shopping Center in Orlando, FL with Phillips Edison & Company
NEW YORK , Jan. 21, 2025 /PRNewswire/ -- Cohen & Steers Income Opportunities REIT, Inc. ("CNSREIT") announced today its acquisition of Oak Grove Shoppes, a grocery-anchored shopping center in Orlando, Florida, with Phillips Edison & Company (NASDAQ: PECO – "PECO"), a publicly-traded owner and operator of grocery-anchored shopping centers in the U.S. This is the second acquisition in a programmatic joint venture targeting $300 million in equity and owned 80% by CNSREIT and 20% by PECO. The joint venture is focused on acquiring open-air, grocery-anchored shopping centers and leverages PECO's deep sector expertise.
prnewswire.com
- 1 month ago
Phillips Edison & Company Announces Tax Reporting Information for 2024 Distributions
CINCINNATI, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced its tax reporting information for the 2024 distributions to holders of its common stock.
globenewswire.com
- 1 month ago
Phillips Edison & Company Announces Maturity Extension and Upsize of $1.0 Billion Unsecured Revolving Credit Facility
CINCINNATI, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced the closing of the second amendment to its unsecured revolving credit facility (the “Revolving Credit Facility”). The amendment increases the size of the Revolving Credit Facility to $1.0 billion (from $800 million) and extends the maturity date to January 9, 2029, with options to extend maturity for two additional six-month periods. The amount and maturity date of the existing term loan remain unchanged. The Company can increase the Revolving Credit Facility or incur new term loans by up to $500 million and increase the existing term loan by up to $200 million, subject to further syndication.
globenewswire.com
- 1 month ago
Phillips Edison & Company Inc. Invites You to Join Its Fourth Quarter and Full Year 2024 Earnings Conference Call
CINCINNATI, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, will announce its Fourth Quarter and Full Year 2024 earnings results on Thursday, February 6, 2025, after the market closes. PECO's earnings release and supplemental information package will be posted on the Investor Relations section of the Company's website at https://investors.phillipsedison.com/. Chairman and Chief Executive Officer Jeff Edison, President Bob Myers and Chief Financial Officer John Caulfield will host an earnings conference call, which will also be webcasted, on Friday, February 7, 2025, at 12:00 p.m. ET.
globenewswire.com
- 1 month ago
Phillips Edison & Company Provides Update on Fourth Quarter 2024 Transaction Activity; Completes Over $300 Million in Net Acquisitions in 2024
CINCINNATI, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced transaction activity for the three months ended December 31, 2024.
globenewswire.com
- 1 month ago
8. Profile
Summary
Phillips Edison & Company, Inc. PECO
COUNTRY
US
INDUSTRY
REIT - Retail
MARKET CAP
$ 4.69 B
Dividend Yield
0.55%
Description
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.
Contact
11501 Northlake Drive, Cincinnati, OH, 45249
https://www.phillipsedison.com
IPO
Date
Feb. 25, 2021
Employees
300
Officers
Mrs. Sigrid Campbell
Vice President of PECO Capital
Ms. Kim Green
Senior Vice President & Head of Investor Relations
Mr. Gary G. Bailey
Senior Vice President & Chief Information Officer
Mr. Joseph G. Schlosser
Executive Vice President & Chief Operating Officer
Ms. Cherilyn K. Megill CMD, CRX
Senior Vice President & Chief Marketing Officer
Mr. Keith A. Rummer J.D.
Senior Vice President & Chief People Officer
Ms. Tanya E. Brady J.D.
Executive Vice President, General Counsel & Secretary
Mr. Robert F. Myers
President
Ms. Jennifer L. Robison
Senior Vice President & Chief Accounting Officer
Mr. Jeffrey S. Edison
Chairman & Chief Executive Officer