PECO
$38.21+0.66%
Phillips Edison & Company Inc.Stock · Real EstateUS REITs 0.3%Russell 2000 0.2%Nasdaq Composite 0.01%US Stock Market 0.007%Russell 3000 0.007%
PECO financial statements
The full income statement, balance sheet, and cash-flow statement for Phillips Edison & Company Inc. (PECO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 122.5M2024-09 122.6M2024-12 125.2M2025-03 125.4M2025-06 125.6M2025-09 125.8M2025-12 125.8M2026-03 126.0M2026-06 128.7M+5.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 727M+9.9% | 661M+8.4% | 610M+6.0% | 575M+8.0% | 533M+7.0% | ||
| Lease income | 709M+9.5% | 648M+8.4% | 598M+6.6% | 561M+7.9% | 519M+7.0% | |
| 528M+7.9% | 489M+7.2% | 456M+2.5% | 445M+2.2% | 435M+2.9% | ||
| Selling, general & administrative | 51.6M+13.2% | 45.6M+2.8% | 44.4M-1.9% | 45.2M-7.3% | 48.8M+18.0% | |
| General & administrative | 51.6M+13.2% | 45.6M+2.8% | 44.4M-1.9% | 45.2M-7.3% | 48.8M+18.0% | |
| Interest expense | — | 97.0M+15.1% | 84.2M+18.3% | 71.2M-6.8% | 76.4M-10.5% | |
| Other non-operating income | -4.33M+24.5% | -5.73M+21.6% | -7.31M+39.9% | -12.2M+64.6% | -34.4M-471.7% | |
| Equity-method income | 100K+150.0% | -200K-300.0% | 100K | — | — | |
| Income tax | 1.30M-27.8% | 1.80M+350.0% | 400K+150.0% | -800K | — | |
| 111M+77.6% | 62.7M+10.3% | 56.8M+17.6% | 48.3M+219.6% | 15.1M+216.9% | ||
| Net income to non-controlling interest | 11.7M+66.4% | 7.01M+1.4% | 6.91M+11.4% | 6.21M+193.8% | 2.11M+206.1% | |
| $0.89+74.5% | $0.51+6.3% | $0.48+14.3% | $0.42+180.0% | $0.15+200.0% | ||
| EPS (basic) | $0.89+74.5% | $0.51+6.3% | $0.48+14.3% | $0.42+180.0% | $0.15+200.0% | |
| Weighted-avg shares (basic) | 126M+2.3% | 123M+3.8% | 118M+2.5% | 115M+12.7% | 102M+5.8% | |
| Weighted-avg shares (diluted) | 139M+1.5% | 137M+2.9% | 133M+2.0% | 130M+11.7% | 117M+5.0% | |
| Dividends per share | $1.25+5.3% | $1.19+4.7% | $1.14+4.0% | $1.09+5.6% | $1.03+76.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 3.54M-27.4% | 4.88M+0.2% | 4.87M-11.1% | 5.48M-94.1% | 92.6M-11.2% | |
| 5.29B+4.8% | 5.05B+3.7% | 4.87B+2.7% | 4.74B+1.4% | 4.67B-0.2% | ||
| Goodwill | 29.1M+0.0% | 29.1M+0.0% | 29.1M+0.0% | 29.1M+0.0% | 29.1M+0.0% | |
| 2.70B+11.8% | 2.41B+9.0% | 2.21B+3.5% | 2.14B-2.5% | 2.19B-17.7% | ||
| Long-term debt | 2.38B+12.6% | 2.11B+7.1% | 1.97B+3.8% | 1.90B+0.3% | 1.89B-17.5% | |
| Operating lease liability (total) | 5.01M+6.3% | 4.71M-7.5% | 5.09M+8.3% | 4.71M-11.4% | 5.31M-7.3% | |
| Finance lease liability (total) | 480K+1448.4% | 31.0K-89.9% | 308K-47.4% | 585K-23.6% | 766K+367.1% | |
| 2.29B-1.4% | 2.32B+0.4% | 2.31B+3.3% | 2.24B+4.0% | 2.15B+27.2% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 1.26M+0.6% | 1.25M+2.5% | 1.22M+4.2% | 1.17M | — | |
| Additional paid-in capital | 3.66B+0.5% | 3.65B+2.8% | 3.55B+4.8% | 3.38B+3.7% | 3.26B+19.2% | |
| Retained earnings | -1.38B-3.5% | -1.33B-6.7% | -1.25B-6.7% | -1.17B-7.2% | -1.09B-9.1% | |
| Accumulated other comprehensive income | 358K-91.7% | 4.30M-59.1% | 10.5M-49.9% | 21.0M+184.6% | -24.8M+52.6% | |
| Non-controlling interest | 303M-3.6% | 314M-8.4% | 343M-5.0% | 361M+10.4% | 327M+0.4% | |
| Total equity incl. non-controlling | 2.59B-1.7% | 2.63B-0.7% | 2.65B+2.2% | 2.60B+4.9% | 2.48B+22.8% | |
| Total liabilities & equity | 5.29B+4.8% | 5.05B+3.7% | 4.87B+2.7% | 4.74B+1.4% | 4.67B-0.2% | |
| Common shares issued | — | 125M | — | — | — | |
| Common shares outstanding | — | 125M | — | — | — | |
| Shares outstanding (cover) | 126M+0.5% | 125M+2.5% | 122M+4.2% | 117M+3.4% | 113M+21.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 348M+4.0% | 335M+15.0% | 291M+0.0% | 291M+10.6% | 263M+24.8% | ||
| Depreciation & amortization | 266M+5.3% | 253M+7.0% | 236M+0.1% | 236M+6.7% | 221M-1.4% | |
| Share-based compensation | 11.7M+20.5% | 9.70M+41.2% | 6.87M-55.4% | 15.4M-6.0% | 16.4M+179.7% | |
| -392M+0.2% | -393M-11.2% | -353M-6.7% | -331M-83.5% | -180M-309.4% | ||
| Capital expenditure | 360M+21.6% | 296M+9.6% | 270M-4.2% | 282M-8.5% | 308M+643.4% | |
| Free cash flow | -12.1M-131.4% | 38.4M+85.7% | 20.7M+132.9% | 8.89M+119.6% | -45.5M-126.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 78.8M+35.9% | 58.0M+7.5% | 53.9M+193.3% | -57.8M+41.5% | -98.8M+23.8% | ||
| Long-term debt issued | 0.00 | 0.00-100.0% | 58.0M | 0.00-100.0% | 822M | |
| Long-term debt repaid | 146M-64.4% | 408M+302.4% | 102M+23.9% | 81.9M-93.3% | 1.23B+1792.5% | |
| Common stock issued | 0.00-100.0% | 74.5M-50.0% | 149M+65.5% | 90.1M-83.5% | 547M | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 77.8M+1376.5% | |
| Dividends paid | 157M+17.4% | 134M-1.3% | 136M+6.8% | 127M+19.1% | 107M+116.3% | |
| Other financing activities | — | — | 0.00 | 0.00+100.0% | -29.0K+95.5% | |
| Net change in cash | 34.7M+15236.7% | -229K+97.3% | -8.47M+91.4% | -98.2M-498.4% | -16.4M-144.6% | |
| Interest paid | 97.7M+30.2% | 75.0M-1.9% | 76.5M+17.5% | 65.1M-4.4% | 68.1M-13.3% | |
| Income taxes paid | 1.61M+74.2% | 922K+33.8% | 689K+255.2% | 194K-65.3% | 559K-41.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.47B-4.6% | 4.69B+7.5% | 4.36B+17.0% | 3.73B-0.5% | 3.75B | |
| P/E | 40.2×-46.3% | 74.8×-2.3% | 76.6×-39.6% | 126.7×-48.9% | 247.8× | |
| P/S | 6.2×-13.2% | 7.1×-2.4% | 7.3×+10.5% | 6.6×-6.5% | 7.0× | |
| P/B | 2.0×-3.2% | 2.0×+4.6% | 1.9×+16.9% | 1.7×-5.1% | 1.7× | |
| P/FCF | — | 122.0×+308.1% | 29.9× | — | — | |
| Earnings yield | 2.5%+86.1% | 1.3%+2.3% | 1.3%+65.5% | 0.79%+95.6% | 0.40% | |
| FCF yield | — | 0.82%-75.5% | 3.3% | — | — | |
| Dividend yield | 3.5%+10.9% | 3.2%+2.0% | 3.1%-9.3% | 3.4%+9.6% | 3.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PECO’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PECO filings on SEC EDGAR → Not investment advice.