Phillips Edison & (PECO) Financials: Revenue & Earnings
$4.87B
Market Cap
27.01
P/E
44.09
Forward P/E
48
Score
PECO price $37.80 -0.39 -1.01%
Stocklytics score rationale: value 40, quality 40, growth 65.
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 257730000 | 311543000 | 430392000 | 536706000 | 498017000 | 532846000 | 575372000 | 610124000 | 661392000 | 732299000 |
Phillips Edison & Company, Inc. is one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers. PECO has generated strong results through its vertically integrated operating platform and national footprint of well-occupied shopping centers. PECO’s centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally…
PECO fair value $20.34. Price $37.80. Price is 86% above fair value.
Above fair value, but less expensive than usual. A smaller premium than on 72% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 226.83M. Growth 12.65%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 128.70M. Net debt 2.49B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Model uncertainty high for this stock
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2027-02-04 | — | 0.19 | — | 194.50M |
| 2026-10-26 | 0.49 | 0.19 | 193.09M | 190.17M |
| 2026-07-23 | 0.33 | 0.18 | 184.45M | 187.46M |
| 2026-04-23 | 0.24 | 0.17 | 186.28M | 183.67M |
| 2026-02-05 | 0.38 | 0.16 | 183.24M | 167.64M |
| 2025-10-23 | 0.20 | 0.64 | 294.48M | 183.18M |
| 2025-07-24 | 0.10 | 0.63 | 177.75M | 176.21M |
| 2025-04-24 | 0.21 | 0.63 | 178.31M | 170.48M |
| 2025-02-06 | 0.15 | 0.12 | 173.05M | 168.12M |
| 2024-10-24 | 0.09 | 0.14 | 165.53M | 169.34M |
| 2024-07-25 | 0.12 | 0.14 | 162.10M | 164.53M |
| 2024-04-25 | 0.14 | 0.13 | 163.10M | 161.30M |
| 2024-02-08 | 0.11 | 0.10 | 154.45M | 157.91M |
| 2023-10-31 | 0.12 | 0.11 | 153.34M | 151.56M |
| 2023-08-01 | 0.12 | 0.10 | 152.54M | 147.08M |
| 2023-05-02 | 0.14 | 0.11 | 151.98M | 145.25M |
| 2023-02-09 | 0.12 | 0.08 | 145.04M | 143.40M |
| 2022-11-03 | 0.09 | 0.53 | 145.65M | 139.67M |
| 2022-08-04 | 0.12 | 0.09 | 142.52M | 138.58M |
| 2022-05-05 | 0.09 | 0.08 | 142.16M | 136.39M |
| 2022-02-10 | -0.05 | 0.45 | 137.06M | 124.47M |
| 2021-11-04 | 0.13 | 0.04 | 132.33M | 109.60M |
| 2021-08-05 | 0.06 | — | 133.07M | — |
| 2021-05-19 | 0.00 | — | 130.38M | — |
| 2021-03-12 | -0.12 | — | 120.76M | — |
| 2020-11-09 | 0.11 | — | 126.69M | — |
| 2020-08-13 | -0.05 | — | 119.04M | — |
| 2020-05-12 | 0.09 | — | 131.52M | — |
| 2020-03-11 | 0.04 | — | 135.35M | — |
| 2019-11-07 | -0.24 | — | 136.01M | — |
| 2019-08-12 | -0.34 | — | 132.58M | — |
| 2019-05-09 | -0.05 | — | 132.77M | — |
| 2019-03-13 | 0.71 | — | 118.12M | — |
| 2018-11-05 | -0.17 | — | 104.90M | — |
| 2018-08-10 | -0.15 | — | 104.17M | — |
| 2018-05-10 | -0.02 | — | 103.20M | — |
| 2018-03-29 | -0.49 | — | 102.77M | — |
| 2017-11-09 | -0.13 | — | 70.62M | — |
| 2017-08-09 | -0.02 | — | 69.85M | — |
| 2017-05-11 | 0.02 | — | 68.30M | — |
Yield 3.47%. Payout ratio 91.46%. Frequency Monthly.
Safety score 60/100 · Moderate. Payout ratio is 91% of earnings. Dividends use most of free cash flow. Dividends were paid in 6 separate years. Yield is 3.5%, in a range that is usually sustainable.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-11-16 | $0.12 | 2026-11-16 | 2026-12-01 | Monthly |
| 2026-10-15 | $0.12 | 2026-10-15 | 2026-11-03 | Monthly |
| 2026-09-15 | $0.12 | 2026-09-15 | 2026-10-01 | Monthly |
| 2026-08-17 | $0.11 | 2026-08-17 | 2026-09-01 | Monthly |
| 2026-07-15 | $0.11 | 2026-07-15 | 2026-08-04 | Monthly |
| 2026-06-15 | $0.11 | 2026-06-15 | 2026-07-01 | Monthly |
| 2026-05-15 | $0.11 | 2026-05-15 | 2026-06-02 | Monthly |
| 2026-04-15 | $0.11 | 2026-04-15 | 2026-05-01 | Monthly |
| 2026-03-16 | $0.11 | 2026-03-16 | 2026-04-01 | Monthly |
| 2026-02-17 | $0.11 | 2026-02-17 | 2026-03-03 | Monthly |
| 2026-01-15 | $0.11 | 2026-01-15 | 2026-02-03 | Monthly |
| 2025-12-15 | $0.11 | 2025-12-15 | 2026-01-06 | Monthly |
| 2025-11-17 | $0.11 | 2025-11-17 | 2025-12-02 | Monthly |
| 2025-10-15 | $0.11 | 2025-10-15 | 2025-11-04 | Monthly |
| 2025-09-15 | $0.11 | 2025-09-15 | 2025-10-01 | Monthly |
| 2025-08-15 | $0.10 | 2025-08-15 | 2025-09-03 | Monthly |
| 2025-07-15 | $0.10 | 2025-07-15 | 2025-08-01 | Monthly |
| 2025-06-16 | $0.10 | 2025-06-16 | 2025-07-01 | Monthly |
| 2025-05-16 | $0.10 | 2025-05-16 | 2025-06-03 | Monthly |
| 2025-04-15 | $0.10 | 2025-04-15 | 2025-05-01 | Monthly |
| 2025-03-17 | $0.10 | 2025-03-17 | 2025-04-01 | Monthly |
| 2025-02-18 | $0.10 | 2025-02-18 | 2025-03-04 | Monthly |
| 2025-01-15 | $0.10 | 2025-01-15 | 2025-02-04 | Monthly |
| 2024-12-16 | $0.10 | 2024-12-16 | 2025-01-03 | Monthly |
| 2024-11-15 | $0.10 | 2024-11-15 | 2024-12-03 | Monthly |
| 2024-10-15 | $0.10 | 2024-10-15 | 2024-11-01 | Monthly |
| 2024-09-16 | $0.10 | 2024-09-16 | 2024-10-01 | Monthly |
| 2024-08-15 | $0.10 | 2024-08-15 | 2024-09-04 | Monthly |
| 2024-07-15 | $0.10 | 2024-07-15 | 2024-08-01 | Monthly |
| 2024-06-17 | $0.10 | 2024-06-17 | 2024-07-02 | Monthly |
| 2024-05-14 | $0.10 | 2024-05-15 | 2024-06-04 | Monthly |
| 2024-04-12 | $0.10 | 2024-04-15 | 2024-05-01 | Monthly |
| 2024-03-14 | $0.10 | 2024-03-15 | 2024-04-01 | Monthly |
| 2024-02-14 | $0.10 | 2024-02-15 | 2024-03-01 | Monthly |
| 2024-01-12 | $0.10 | 2024-01-16 | 2024-02-01 | Monthly |
| 2023-12-14 | $0.10 | 2023-12-15 | 2024-01-02 | Monthly |
| 2023-11-16 | $0.10 | 2023-11-17 | 2023-12-01 | Monthly |
| 2023-10-13 | $0.10 | 2023-10-16 | 2023-11-01 | Monthly |
| 2023-09-14 | $0.10 | 2023-09-15 | 2023-10-02 | Monthly |
| 2023-08-17 | $0.09 | 2023-08-18 | 2023-09-01 | Monthly |
| 2023-07-14 | $0.09 | 2023-07-17 | 2023-08-01 | Monthly |
| 2023-06-14 | $0.09 | 2023-06-15 | 2023-07-03 | Monthly |
| 2023-05-18 | $0.09 | 2023-05-19 | 2023-06-01 | Monthly |
| 2023-04-14 | $0.09 | 2023-04-17 | 2023-05-01 | Monthly |
| 2023-03-14 | $0.09 | 2023-03-15 | 2023-04-03 | Monthly |
| 2023-02-17 | $0.09 | 2023-02-21 | 2023-03-01 | Monthly |
| 2023-01-13 | $0.09 | 2023-01-17 | 2023-02-01 | Monthly |
| 2022-12-14 | $0.09 | 2022-12-15 | 2023-01-03 | Irregular |
| 2022-11-14 | $0.09 | 2022-11-15 | 2022-12-01 | Monthly |
| 2022-10-14 | $0.09 | 2022-10-17 | 2022-11-01 | Monthly |
| 2022-09-15 | $0.09 | 2022-09-16 | 2022-10-03 | Monthly |
| 2022-08-12 | $0.09 | 2022-08-15 | 2022-09-01 | Monthly |
| 2022-07-14 | $0.09 | 2022-07-15 | 2022-08-01 | Monthly |
| 2022-06-14 | $0.09 | 2022-06-15 | 2022-07-01 | Monthly |
| 2022-05-13 | $0.09 | 2022-05-16 | 2022-06-01 | Monthly |
| 2022-04-13 | $0.09 | 2022-04-15 | 2022-05-02 | Monthly |
| 2022-03-14 | $0.09 | 2022-03-15 | 2022-04-01 | Monthly |
| 2022-02-14 | $0.09 | 2022-02-15 | 2022-03-01 | Monthly |
| 2022-01-18 | $0.09 | 2022-01-19 | 2022-02-01 | Monthly |
| 2021-12-14 | $0.09 | 2021-12-15 | 2022-01-03 | Monthly |
| 2021-11-12 | $0.09 | 2021-11-15 | 2021-12-01 | Monthly |
| 2021-10-14 | $0.09 | 2021-10-15 | 2021-11-01 | Monthly |
| 2021-09-14 | $0.09 | 2021-09-15 | 2021-10-01 | Monthly |
| 2021-08-13 | $0.09 | 2021-08-16 | 2021-09-01 | Irregular |
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-12 | Fischer Elizabeth | Buy | 2.90K | — | — |
| 2026-05-12 | QUAZZO STEPHEN R | Buy | 2.90K | — | — |
| 2026-05-12 | Silfen Jane | Buy | 2.90K | — | — |
| 2026-05-12 | Strong John A. | Buy | 2.90K | — | — |
| 2026-05-12 | Wood Gregory S. | Buy | 2.90K | — | — |
| 2026-05-12 | Terry Anthony E | Buy | 2.90K | — | — |
| 2026-05-12 | CHAO LESLIE T | Buy | 2.90K | — | — |
| 2026-05-12 | Murphy Devin Ignatius | Buy | 2.90K | — | — |
| 2026-05-12 | Wang Parilee Edison | Buy | 2.90K | — | — |
| 2026-05-01 | Wang Parilee Edison | Buy | 3.29K | — | — |
| 2026-05-01 | Wang Parilee Edison | Sell | 3.29K | — | — |
| 2026-05-01 | Murphy Devin Ignatius | Buy | 3.29K | — | — |
| 2026-05-01 | Murphy Devin Ignatius | Sell | 3.29K | — | — |
| 2026-03-01 | Brady Tanya | Buy | 502 | — | — |
| 2026-03-01 | Brady Tanya | Buy | 4.31K | — | — |
| 2026-03-01 | Brady Tanya | Buy | 5.40K | — | — |
| 2026-03-01 | Brady Tanya | Sell | 1.26K | — | — |
| 2026-03-01 | Brady Tanya | Sell | 1.24K | — | — |
| 2026-03-01 | Brady Tanya | Sell | 1.18K | — | — |
| 2026-03-01 | Brady Tanya | Sell | 502 | — | — |
| 2026-03-01 | Caulfield John P | Buy | 839 | — | — |
| 2026-03-01 | Caulfield John P | Buy | 8.59K | — | — |
| 2026-03-01 | Caulfield John P | Buy | 12.02K | — | — |
| 2026-03-01 | Caulfield John P | Sell | 2.96K | — | — |
| 2026-03-01 | Caulfield John P | Sell | 2.54K | — | — |
| 2026-03-01 | Caulfield John P | Sell | 1.96K | — | — |
| 2026-03-01 | Caulfield John P | Sell | 839 | — | — |
| 2026-03-01 | Myers Robert F. | Buy | 1.15K | — | — |
| 2026-03-01 | Myers Robert F. | Buy | 12.32K | — | — |
| 2026-03-01 | Myers Robert F. | Buy | 13.24K | — | — |
| 2026-03-01 | Myers Robert F. | Sell | 3.36K | — | — |
| 2026-03-01 | Myers Robert F. | Sell | 3.38K | — | — |
| 2026-03-01 | Myers Robert F. | Sell | 2.77K | — | — |
| 2026-03-01 | Myers Robert F. | Sell | 1.15K | — | — |
| 2026-03-01 | Robison Jennifer L | Buy | 3.56K | — | — |
| 2026-03-01 | Robison Jennifer L | Sell | 891 | $39.28 | 35.00K |
| 2026-03-01 | Edison Jeffrey | Buy | 4.48K | — | — |
| 2026-03-01 | Edison Jeffrey | Buy | 39.67K | — | — |
| 2026-03-01 | Edison Jeffrey | Buy | 45.57K | — | — |
| 2026-03-01 | Edison Jeffrey | Sell | 10.75K | — | — |
| 2026-03-01 | Edison Jeffrey | Sell | 10.78K | — | — |
| 2026-03-01 | Edison Jeffrey | Sell | 9.00K | — | — |
| 2026-03-01 | Edison Jeffrey | Sell | 4.48K | — | — |
| 2026-03-01 | Murphy Devin Ignatius | Buy | 1.15K | — | — |
| 2026-03-01 | Murphy Devin Ignatius | Sell | 1.15K | — | — |
| 2026-02-04 | Brady Tanya | Buy | 3.39K | — | — |
| 2026-02-04 | Brady Tanya | Buy | 3.39K | — | — |
| 2026-02-04 | Brady Tanya | Buy | 502 | — | — |
| 2026-02-04 | Caulfield John P | Buy | 5.64K | — | — |
| 2026-02-04 | Caulfield John P | Buy | 5.64K | — | — |
| 2026-02-04 | Caulfield John P | Buy | 839 | — | — |
| 2026-02-04 | Myers Robert F. | Buy | 7.77K | — | — |
| 2026-02-04 | Myers Robert F. | Buy | 7.77K | — | — |
| 2026-02-04 | Myers Robert F. | Buy | 1.15K | — | — |
| 2026-02-04 | Robison Jennifer L | Buy | 1.52K | — | — |
| 2026-02-04 | Robison Jennifer L | Sell | 252 | $37.22 | 9.38K |
| 2026-02-04 | Schlosser Joseph | Buy | 1.02K | — | — |
| 2026-02-04 | Schlosser Joseph | Sell | 168 | $37.22 | 6.25K |
| 2026-02-04 | Edison Jeffrey | Buy | 30.23K | — | — |
| 2026-02-04 | Edison Jeffrey | Buy | 30.23K | — | — |
| 2026-02-04 | Edison Jeffrey | Buy | 4.48K | — | — |
| 2026-02-04 | Murphy Devin Ignatius | Buy | 15.54K | — | — |
| 2026-02-04 | Murphy Devin Ignatius | Buy | 2.20K | — | — |
| 2026-02-04 | Murphy Devin Ignatius | Buy | 1.15K | — | — |
| 2026-02-04 | Murphy Devin Ignatius | Sell | 2.20K | — | — |
| 2025-12-31 | Brady Tanya | Buy | 941 | — | — |
| 2025-12-31 | Brady Tanya | Buy | 6.19K | — | — |
| 2025-12-31 | Brady Tanya | Sell | 941 | — | — |
| 2025-12-31 | Caulfield John P | Buy | 1.56K | — | — |
| 2025-12-31 | Caulfield John P | Buy | 10.26K | — | — |
| 2025-12-31 | Caulfield John P | Sell | 1.56K | — | — |
| 2025-12-31 | Myers Robert F. | Buy | 2.19K | — | — |
| 2025-12-31 | Myers Robert F. | Buy | 14.49K | — | — |
| 2025-12-31 | Myers Robert F. | Sell | 2.19K | — | — |
| 2025-12-31 | Edison Jeffrey | Buy | 3.56K | — | — |
| 2025-12-31 | Edison Jeffrey | Buy | 47.08K | — | — |
| 2025-12-31 | Edison Jeffrey | Sell | 3.56K | — | — |
| 2025-12-31 | Robison Jennifer L | Sell | 470 | $35.57 | 16.72K |
| 2025-12-31 | Schlosser Joseph | Sell | 314 | $35.57 | 11.17K |
| 2025-11-12 | Edison Jeffrey | Buy | 2.00M | — | — |
| 2025-11-12 | Edison Jeffrey | Sell | 2.00M | — | — |
| 2025-09-02 | Edison Jeffrey | Buy | 20.20K | — | — |
| 2025-09-02 | Edison Jeffrey | Buy | 3.56K | — | — |
| 2025-09-02 | Edison Jeffrey | Buy | 2.00M | — | — |
| 2025-09-02 | Edison Jeffrey | Sell | 20.20K | — | — |
| 2025-09-02 | Edison Jeffrey | Sell | 2.00M | — | — |
| 2025-09-02 | Edison Jeffrey | Sell | 3.56K | — | — |
| 2025-05-01 | Wang Parilee Edison | Buy | 3.29K | — | — |
| 2025-05-01 | Murphy Devin Ignatius | Buy | 3.29K | — | — |
| 2025-05-01 | Fischer Elizabeth | Buy | 3.29K | — | — |
| 2025-05-01 | CHAO LESLIE T | Buy | 3.29K | — | — |
| 2025-05-01 | QUAZZO STEPHEN R | Buy | 3.29K | — | — |
| 2025-05-01 | Silfen Jane | Buy | 3.29K | — | — |
| 2025-05-01 | Strong John A. | Buy | 3.29K | — | — |
| 2025-05-01 | Terry Anthony E | Buy | 3.29K | — | — |
| 2025-05-01 | Wood Gregory S. | Buy | 3.29K | — | — |
| 2025-04-30 | Wang Parilee Edison | Buy | 3.36K | — | — |
| 2025-04-30 | Wang Parilee Edison | Sell | 3.36K | — | — |
| 2025-04-30 | Murphy Devin Ignatius | Buy | 2.79K | — | — |
| 2025-04-30 | Murphy Devin Ignatius | Sell | 2.79K | — | — |
Latest filed quarter: Q2 2026.
Institutions holding: 452, holders +8 vs prior quarter. Ownership 93.83%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 23.31M | 1.26M | +5.70% | 970.06M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 14.40M | 511.12K | +3.68% | 599.26M |
| STATE STREET CORP | 7.29M | 161.06K | +2.26% | 304.20M |
| VANGUARD CAPITAL MANAGEMENT LLC | 5.73M | 33.00K | +0.58% | 238.41M |
| FMR LLC | 4.22M | 87.94K | +2.13% | 175.66M |
| WELLINGTON MANAGEMENT GROUP LLP | 4.01M | -1.20M | -23.04% | 166.95M |
| GEODE CAPITAL MANAGEMENT, LLC | 3.77M | 222.61K | +6.28% | 156.84M |
| CANADA PENSION PLAN INVESTMENT BOARD | 3.35M | 54.98K | +1.67% | 139.50M |
| GOLDMAN SACHS GROUP INC | 2.94M | 1.24M | +72.57% | 122.33M |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 2.47M | 2.47M | New | 102.75M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2.47M | 105.41K | +4.46% | 102.75M |
| NORTHERN TRUST CORP | 2.35M | 856.42K | +57.46% | 97.68M |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | 2.01M | 204.59K | +11.36% | 83.49M |
| JPMORGAN CHASE & CO | 1.93M | 136.99K | +7.65% | 81.68M |
| DIMENSIONAL FUND ADVISORS LP | 1.92M | 17.84K | +0.94% | 79.79M |
| NORGES BANK | 1.65M | 1.65M | New | 68.77M |
| BANK OF AMERICA CORP /DE/ | 1.12M | 569.57K | +102.85% | 46.75M |
| BANK OF NEW YORK MELLON CORP | 998.09K | 55.48K | +5.89% | 41.54M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 994.91K | 511.60K | +105.85% | 41.41M |
| ALYESKA INVESTMENT GROUP, L.P. | 970.00K | 970.00K | New | 40.37M |
| AMERIPRISE FINANCIAL INC | 946.01K | -1.31K | -0.14% | 39.37M |
| MORGAN STANLEY | 901.19K | -44.94K | -4.75% | 37.51M |
| VANGUARD FIDUCIARY TRUST CO | 840.30K | 14.67K | +1.78% | 34.97M |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 836.83K | 836.83K | New | 34.83M |
| NUVEEN, LLC | 805.92K | -186.93K | -18.83% | 33.54M |
Phillips Edison & Co. (PECO) trades at $37.80, with a market cap of $4.87B and a trailing P/E of 27.01. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 257730000 | 311543000 | 430392000 | 536706000 | 498017000 | 532846000 | 575372000 | 610124000 | 661392000 | 732299000 |
Insights · Dividends · Forecast · Financials · Learn
$4.87B
Market Cap
27.01
P/E
44.09
Forward P/E
48
Score