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Phillips Edison & Company, Inc. PECO
Real Estate - REIT - Retail - NASDAQ - US
Watchlist
$ 39.01
0.964 %
$ 4.78 B
Market Cap
83.0
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one PECO stock under the base case scenario is HIDDEN Compared to the current market price of 39 USD, Phillips Edison & Company, Inc. is HIDDEN

PECO Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart PECO

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FINANCIALS
610 M REVENUE
6.04%
Growth Rates
1Year 6.04%
3Years 7.00%
5Years 7.23%
7Years 13.10%
10Years 23.63%
154 M OPERATING INCOME
30.09%
Growth Rates
1Year 30.09%
3Years 21.16%
5Years 24.72%
7Years 19.64%
10Years 15.46%
56.8 M NET INCOME
4.25%
Growth Rates
1Year 4.25%
3Years 118.33%
5Years 3.89%
7Years 30.03%
10Years 20.77%
300 M OPERATING CASH FLOW
3.20%
Growth Rates
1Year 3.20%
3Years 12.55%
5Years 14.39%
7Years 16.50%
10Years 32.11%
-353 M INVESTING CASH FLOW
-6.68%
Growth Rates
1Year -6.68%
3Years -100.12%
5Years -6.42%
7Years -6.58%
10Years 7.57%
53.9 M FINANCING CASH FLOW
193.29%
Growth Rates
1Year 193.29%
3Years 34.18%
5Years -19.78%
7Years -7.15%
10Years -26.73%
166 M REVENUE
2.11%
Growth Rates
1Year 6.04%
3Years 7.00%
5Years 7.23%
7Years 13.10%
10Years 23.63%
38.5 M OPERATING INCOME
-8.96%
Growth Rates
1Year 30.09%
3Years 21.16%
5Years 24.72%
7Years 19.64%
10Years 15.46%
12.9 M NET INCOME
-15.51%
Growth Rates
1Year 4.25%
3Years 118.33%
5Years 3.89%
7Years 30.03%
10Years 20.77%
108 M OPERATING CASH FLOW
36.77%
Growth Rates
1Year 3.20%
3Years 12.55%
5Years 14.39%
7Years 16.50%
10Years 32.11%
-115 M INVESTING CASH FLOW
-49.51%
Growth Rates
1Year -6.68%
3Years -100.12%
5Years -6.42%
7Years -6.58%
10Years 7.57%
5.66 M FINANCING CASH FLOW
660.04%
Growth Rates
1Year 193.29%
3Years 34.18%
5Years -19.78%
7Years -7.15%
10Years -26.73%
Balance Sheet Decomposition Phillips Edison & Company, Inc.
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Current Assets 125 M
Cash & Short-Term Investments 13.4 M
Receivables 108 M
Other Current Assets 4.01 M
Non-Current Assets 4.74 B
Long-Term Investments 32.1 M
PP&E 570 M
Other Non-Current Assets 4.14 B
Current Liabilities 18.4 M
Accounts Payable 116 M
Short-Term Debt 28.1 M
Other Current Liabilities -126 M
Non-Current Liabilities 2.19 B
Long-Term Debt 2.05 B
Other Non-Current Liabilities 145 M
EFFICIENCY
Earnings Waterfall Phillips Edison & Company, Inc.
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Revenue 610 M
Cost Of Revenue 175 M
Gross Profit 435 M
Operating Expenses 281 M
Operating Income 154 M
Other Expenses 97.3 M
Net Income 56.8 M
RATIOS
71.30% GROSS MARGIN
71.30%
Averages
1Year 71.30%
3Years 71.07%
5Years 70.44%
7Years 70.02%
10Years 69.84%
25.27% OPERATING MARGIN
25.27%
Averages
1Year 25.27%
3Years 19.67%
5Years 18.62%
7Years 19.34%
10Years 22.44%
9.32% NET MARGIN
9.32%
Averages
1Year 9.32%
3Years 6.85%
5Years -1.88%
7Years 0.47%
10Years 0.02%
2.46% ROE
2.46%
Averages
1Year 2.46%
3Years 1.77%
5Years -0.71%
7Years -0.26%
10Years -0.17%
1.17% ROA
1.17%
Averages
1Year 1.17%
3Years 0.84%
5Years -0.16%
7Years 0.02%
10Years 0.01%
3.60% ROIC
3.60%
Averages
1Year 3.60%
3Years 2.74%
5Years 3.02%
7Years 4.47%
10Years 4.84%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Phillips Edison & Company, Inc.
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Net Income 56.8 M
Depreciation & Amortization 236 M
Capital Expenditures -95.3 M
Stock-Based Compensation 9.4 M
Change in Working Capital -9.41 M
Others -13.8 M
Free Cash Flow 205 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Phillips Edison & Company, Inc.
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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 -20.53%
PECO Average Price Target Wall Street Target
35.6 USD -8.81%
PECO Highest Price Target Wall Street Target
38 USD -2.59%
4. DIVIDEND ANALYSIS
1.05% DIVIDEND YIELD
0.102 USD DIVIDEND PER SHARE
5. COMPETITION

SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.

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13.4 USD
SITC
Overvalued 14.23%

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast.

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24.2 USD
ROIC
Undervalued 39.71%

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region.

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-0.701 USD
UE
Overvalued 103.05%

NETSTREIT is an internally managed Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide.

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20.5 USD
NTST
Undervalued 32.49%

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences.

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32.5 USD
KRG
Undervalued 21.81%

InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt markets with favorable demographics.

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0.00217 USD
IVT
Overvalued 99.99%

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers.

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3.85 USD
BRX
Overvalued 86.63%

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core Portfolio and Fund – operating platforms and its disciplined, location-driven investment strategy.

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1.03 USD
AKR
Overvalued 95.80%

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.

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-11.5 USD
CBL
Overvalued 142.07%
6. Ownership
Insider Ownership Phillips Edison & Company, Inc.
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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
1 year 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. News
Phillips Edison & Co: Defensive Shopping Center REIT PECO has delivered over 21% total returns since November 2023, with a current forward yield of 3.12% and a P/FFO multiple of 16.31x. Looking at PECO stock, I question the relative valuation compared to peers KIM, REG, and FRT. Diving a bit more, I will identify PECO's advantages and vulnerabilities compared to peers. seekingalpha.com - 3 days ago
Phillips Edison & Company to Host Virtual Business Update CINCINNATI, Nov. 04, 2024 (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 virtual Business Update on Thursday, December 19, 2024 at 11:30 a.m. Eastern Time. The event will be webcast only. globenewswire.com - 1 week ago
Phillips Edison & Company Declares Monthly Dividend Distribution CINCINNATI , Oct. 30, 2024 (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 a monthly dividend distribution of $0.1025 per share of the Company's common stock payable on December 3, 2024; January 3, 2025; February 4, 2025; and March 4, 2025 to stockholders of record as of November 15, 2024; December 16, 2024; January 15, 2025; and February 18, 2025. globenewswire.com - 2 weeks ago
Phillips Edison & Company, Inc. (PECO) Q3 2024 Earnings Call Transcript Phillips Edison & Company, Inc. (NASDAQ:PECO ) Q3 2024 Earnings Conference Call October 25, 2024 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 Caitlin Burrows - Goldman Sachs Ravi Vaidya - Mizuho Dori Kesten - Wells Fargo Omotayo Okusanya - Deutsche Bank Todd Thomas - KeyBanc Capital Floris Van Dijkum - Compass Point Juan Sanabria - BMO Capital Markets Michael Mueller - JPMorgan Ronald Kamden - Morgan Stanley Paulina Rojas - Green Street Operator Good day and welcome to Phillips Edison & Company's Third Quarter 2024 Earnings Call. Please note that this call is being recorded. seekingalpha.com - 3 weeks ago
Phillips Edison & Company (PECO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates The headline numbers for Phillips Edison & Company (PECO) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 3 weeks ago
Phillips Edison & Company, Inc. (PECO) Beats Q3 FFO and Revenue Estimates Phillips Edison & Company, Inc. (PECO) came out with quarterly funds from operations (FFO) of $0.62 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to FFO of $0.58 per share a year ago. zacks.com - 3 weeks ago
Phillips Edison & Company Reports Third Quarter 2024 Results and Updates Full Year Earnings Guidance CINCINNATI, Oct. 24, 2024 (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 period ended September 30, 2024 and updated full year 2024 earnings guidance. For the three and nine months ended September 30, 2024, net income attributable to stockholders was $11.6 million, or $0.09 per diluted share, and $44.5 million, or $0.36 per diluted share, respectively. globenewswire.com - 3 weeks ago
The State Of REITs: October 2024 Edition REITs achieved their 5th straight month in the black with a +3.09% average total return in September and +9.61% year to date. Mid-cap (+5.01%), large cap (+3.41%) and small cap REITs (+2.59%) averaged solid gains in September. Micro caps (-0.42%) again averaged a negative total return. 72.3% of REIT securities had a positive total return in September. seekingalpha.com - 4 weeks ago
Phillips Edison & Company Inc. Invites You to Join Its Third Quarter 2024 Earnings Conference Call CINCINNATI, Sept. 24, 2024 (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 Third Quarter 2024 earnings results on Thursday, October 24, 2024, 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, October 25, 2024, at 12:00 p.m. ET. globenewswire.com - 1 month ago
Phillips Edison: A High-Quality REIT At A High Valuation PECO has a well-diversified retail portfolio consisting of primarily grocery-anchored assets. The majority of its tenants operate at a nation/region-wide scale. Though the favorable market dynamics have resulted in increasingly wide lease spreads, the corporate-level growth has been more modest. seekingalpha.com - 1 month ago
Fed Ahead Following their worst week since mid-2023, U.S. equity markets rebounded this week while benchmark interest rates dipped to two-year lows as investors parsed a relatively encouraging slate of inflation data. The critical CPI and PPI reports showed that - excluding the dubious shelter component - consumer and producer price pressures now appear well-contained, following the painful pandemic-era inflation surge. The S&P 500 rallied 4.0%, lifting the major equity benchmark to within 0.5% of fresh record highs. The policy-sensitive 2-Year Treasury Yield dipped to the lowest level in two years. seekingalpha.com - 2 months ago
Phillips Edison & Company to Host PECO GROW Update for Financial Advisors and Retail Investors on September 18 CINCINNATI, Sept. 12, 2024 (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 Wednesday, September 18, 2024, 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 months ago
8. Profile Summary

Phillips Edison & Company, Inc. PECO

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COUNTRY US
INDUSTRY REIT - Retail
MARKET CAP $ 4.78 B
Dividend Yield 1.05%
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 290
Officers Ms. Cherilyn K. Megill CMD, CRX Senior Vice President & Chief Marketing Officer Ms. Tanya E. Brady J.D. Executive Vice President, General Counsel & Secretary Mr. Joseph G. Schlosser Executive Vice President & Chief Operating Officer Mr. Gary G. Bailey Senior Vice President & Chief Information Officer Mr. Robert F. Myers President Mrs. Sigrid Campbell Vice President of PECO Capital Mr. Keith A. Rummer J.D. Senior Vice President & Chief People Officer Ms. Jennifer L. Robison Senior Vice President & Chief Accounting Officer Kim Green Vice President of Investor Relations Mr. Jeffrey S. Edison Chairman & Chief Executive Officer