PECO Real Estate

Phillips Edison & Company, Inc.

$39.58-0.25%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Real Estate
Industry: REIT - Retail
Country: United States
Market cap: 5.6B USD
Enterprise value: 7.4B USD
Full-time employees: 320

Overall health

About average: profitability, valuation and risk (debt, liquidity and share-price swings)profitability, valuation and risk

Ranks #239 of 632 real estate companies (top 38%)

See how it ranks against its peers

Worth knowing

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $498M in 2020 to $727M in 2025.
Phillips Edison's fiscal-year revenue rose in each of the five years to 2025, from $498M to $727M.
Profit is backed by cash. Free cash flow is 151% of reported profit.
Phillips Edison's free cash flow is 151% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

56/ 100

Oct 5 57 → Nov 4 56 (-1)

Valuation

Is the price right?

42/100

Moderate▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 2.1% (existing holders diluted)

Valuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 43 → 42

Share price +3.6%-3
Company's reported figures updated+1
Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Held back by:

▼ FCF yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield2.8%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.52Sector median: 0.0535 · MAD: 0.0484

EBITDA yield5.9%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 0.26Sector median: 0.0536 · MAD: 0.0204

Free cash flow yield4.2%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score -0.51Sector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield46.6%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

79/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ EPS growth
▲ Revenue growth
▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth103.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.99Sector median: 0.1117 · MAD: 0.3101

3-year revenue growth8.1%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.58Sector median: 0.0378 · MAD: 0.0744

Revenue growth8.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.55Sector median: 0.0297 · MAD: 0.0927

Profitability

Does it earn well?

44/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Net margin rose 3.5 points to 19.1%

Why it changed since the Oct 27, 2026 close: Score 43 → 44

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Helped by:

▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin27.2%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score 0.02Sector median: 0.2683 · MAD: 0.2257

Return on assets2.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.39Sector median: 0.0211 · MAD: 0.0134

Return on invested capital3.5%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score 0.07Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin71.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity6.1%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Beta
▲ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.52

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.69Sector median: 0.7490 · MAD: 0.3270

Current ratio1.57×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score 0.52Sector median: 1.1950 · MAD: 0.7210

Debt / equity1.03×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.59Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Phillips Edison

Is Phillips Edison getting weaker?: Its latest SEC filing (Jul 24, 2026) was mixed: some things better, some worse: net margin rose 3.5 points to 19.1%; share count up 2.1%. Its overall score is unchanged at 56/100 since Oct 28, 2026.
How is Phillips Edison valued vs its peers?: Priced about in line with its peers. Valuation scores 42/100 against 762 real estate peers. Free cash flow yield 4.2% vs a peer median of 6.5% (weaker than 67% of peers).Free cash flow yield 4.2% vs peers 6.5% (weaker than 67% of peers).
Is Phillips Edison growing?: Yes, faster than most of its peers. Growth scores 79/100 against 762 real estate peers. Earnings per share growth 103.7% vs a peer median of 11.2% (stronger than 85% of peers).Earnings per share growth 103.7% vs peers 11.2% (stronger than 85% of peers).
How profitable is Phillips Edison?: About as profitable as its peers. Profitability scores 44/100 against 762 real estate peers. Return on assets 2.6% vs a peer median of 2.1% (stronger than 61% of peers).Return on assets 2.6% vs peers 2.1% (stronger than 61% of peers).
How risky is Phillips Edison?: Moderate risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Beta 0.52 vs a peer median of 0.75 (stronger than 68% of peers).Beta 0.52 vs peers 0.75 (stronger than 68% of peers). Debt / equity 1.03× vs a peer median of 0.80× (weaker than 66% of peers).Debt / equity 1.03× vs peers 0.80× (weaker than 66% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 24, 2026 · compared with the quarter ended Mar 31, 2026

Mixed: some things better, some worse

Net margin rose 3.5 points to 19.1%
Share count up 2.1% (existing holders diluted)

	Previous quarter	Latest quarter	Change
Revenue (12 months)	739.0M USD	750.9M USD	+1.6%
Net income (12 months)	115.4M USD	143.7M USD	+24.6%
Debt	2.5B USD	2.5B USD	−1.6%
Cash	3.1M USD	7.1M USD	+127.1%
Shares outstanding	126.0M	128.7M	+2.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: REIT - Retail · 21 companies

Valuations in REIT - Retail are above their usual range since Mar 2016.

61% of months since Mar 2016 were valued lower than now.
5% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +9% and earnings +49% (medians): earnings grew faster than prices.
Median price-to-sales is +189% vs the whole market, against a usual +191%.

Mar 2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	2.8%	8.4%	9.3%	9.5%	15.3%	▲ 5.8 pts
Return on assets (ROA)	0.3%	1.0%	1.2%	1.2%	2.1%	▲ 0.9 pts
Return on equity (ROE)	0.7%	2.2%	2.5%	2.7%	4.9%	▲ 2.2 pts
Debt to equity	0.88×	0.85×	0.85×	0.91×	1.04×	▲ 14%

PECO price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Worth knowing

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $498M in 2020 to $727M in 2025.

Phillips Edison's fiscal-year revenue rose in each of the five years to 2025, from $498M to $727M.

Profit is backed by cash. Free cash flow is 151% of reported profit.

Phillips Edison's free cash flow is 151% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Questions investors ask about Phillips Edison

Is Phillips Edison getting weaker?

Its latest SEC filing (Jul 24, 2026) was mixed: some things better, some worse: net margin rose 3.5 points to 19.1%; share count up 2.1%. Its overall score is unchanged at 56/100 since Oct 28, 2026.

How is Phillips Edison valued vs its peers?

Priced about in line with its peers. Valuation scores 42/100 against 762 real estate peers. Free cash flow yield 4.2% vs a peer median of 6.5% (weaker than 67% of peers).Free cash flow yield 4.2% vs peers 6.5% (weaker than 67% of peers).

Is Phillips Edison growing?

Yes, faster than most of its peers. Growth scores 79/100 against 762 real estate peers. Earnings per share growth 103.7% vs a peer median of 11.2% (stronger than 85% of peers).Earnings per share growth 103.7% vs peers 11.2% (stronger than 85% of peers).

How profitable is Phillips Edison?

About as profitable as its peers. Profitability scores 44/100 against 762 real estate peers. Return on assets 2.6% vs a peer median of 2.1% (stronger than 61% of peers).Return on assets 2.6% vs peers 2.1% (stronger than 61% of peers).

How risky is Phillips Edison?

Moderate risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Beta 0.52 vs a peer median of 0.75 (stronger than 68% of peers).Beta 0.52 vs peers 0.75 (stronger than 68% of peers). Debt / equity 1.03× vs a peer median of 0.80× (weaker than 66% of peers).Debt / equity 1.03× vs peers 0.80× (weaker than 66% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

739.0M USD

750.9M USD

+1.6%

Net income (12 months)

115.4M USD

143.7M USD

+24.6%

Debt

2.5B USD

2.5B USD

−1.6%

Cash

3.1M USD

7.1M USD

+127.1%

Shares outstanding

126.0M

128.7M

+2.1%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

2.8%

8.4%

9.3%

9.5%

15.3%

▲ 5.8 pts

Return on assets (ROA)

0.3%

1.0%

1.2%

2.1%

▲ 0.9 pts

Return on equity (ROE)

0.7%

2.2%

2.5%

2.7%

4.9%

▲ 2.2 pts

Debt to equity

0.88×

0.85×

0.91×

1.04×

▲ 14%