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Phillips Edison & Company, Inc. (PECO) Financials

Phillips Edison & Company, Inc. logo
$33.04 -0.59 (-1.75%)
Closing price 04:00 PM Eastern
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$33.04 0.00 (0.00%)
As of 06:11 PM Eastern
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Annual Income Statements for Phillips Edison & Company, Inc.

Annual Income Statements for Phillips Edison & Company, Inc.

This table shows Phillips Edison & Company, Inc.'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 13 8.93 -38 39 -64 4.77 15 48 57 63
Consolidated Net Income / (Loss)		 14 9.04 -42 47 -73 5.46 17 55 64 70
Net Income / (Loss) Continuing Operations		 14 9.04 -42 47 -85 5.46 17 126 148 167
Total Pre-Tax Income 		13 4.31 -43 -62 -84 -10 52 138 155 172
Total Revenue		 210 225 266 358 450 413 487 583 611 661
Net Interest Income / (Expense)		 -32 -32 -46 -73 -103 -85 -76 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 32 32 46 73 103 85 76 0.00 0.00 0.00
Total Non-Interest Income		 242 258 312 430 553 498 563 583 611 661
Other Service Charges		 1.36 1.04 9.64 35 2.76 2.71 13 15 13 14
Net Realized & Unrealized Capital Gains on Investments		 - - - - 28 - 30 7.52 1.11 -0.03
Other Non-Interest Income		 241 257 302 396 522 495 519 561 598 648
Total Non-Interest Expense		 196 222 310 418 534 423 435 445 456 489
Other Operating Expenses		 57 74 110 106 119 108 114 113 117 123
Depreciation Expense		 101 106 131 191 237 225 221 236 236 253
Impairment Charge		 - 0.00 0.00 41 87 2.42 6.75 0.32 0.00 0.00
Other Special Charges		 - - - 77 91 87 93 95 102 113
Other Gains / (Losses), net		 0.25 4.73 1.76 109 -0.68 16 -34 -12 -7.31 -5.73
Other Adjustments to Consolidated Net Income / (Loss)		 - - - - 12 - - -71 -84 -97
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.20 0.11 -3.33 7.84 -9.29 0.69 2.11 6.21 6.91 7.01
Basic Earnings per Share		 $0.07 $0.05 ($0.21) $0.20 ($0.67) $0.05 $0.15 $0.42 $0.48 $0.51
Weighted Average Basic Shares Outstanding		 183.68M 182.10M 183.78M 196.60M 290.30M 280.70M 113.40M 117.30M 122.20M 125.20M
Diluted Earnings per Share		 $0.07 $0.05 ($0.21) $0.20 ($0.67) $0.05 $0.15 $0.42 $0.48 $0.51
Weighted Average Diluted Shares Outstanding		 186.39M 182.10M 183.78M 196.60M 290.30M 280.70M 113.40M 117.30M 122.20M 125.20M
Weighted Average Basic & Diluted Shares Outstanding		 182.20M 182.10M 183.78M 196.60M 290.30M 280.70M 113.40M 117.30M 122.20M 125.20M
Cash Dividends to Common per Share		 $0.67 $0.67 $0.67 $0.67 $0.67 $0.59 $1.04 $1.09 $1.14 $1.19

Quarterly Income Statements for Phillips Edison & Company, Inc.

This table shows Phillips Edison & Company, Inc.'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 11 14 17 14 12 14 18 15 12 18 26
Consolidated Net Income / (Loss)		 12 16 19 16 14 15 20 17 13 20 29
Net Income / (Loss) Continuing Operations		 12 87 19 37 35 57 20 41 38 69 55
Total Pre-Tax Income 		16 89 19 38 40 58 21 42 39 71 56
Total Revenue		 128 201 133 152 153 174 138 162 166 196 184
Net Interest Income / (Expense)		 -18 53 -19 0.00 0.00 19 -23 0.00 0.00 23 0.00
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 18 -53 19 0.00 0.00 -19 23 0.00 0.00 -23 0.00
Total Non-Interest Income		 146 148 152 152 153 154 161 162 166 173 184
Other Service Charges		 2.80 3.34 3.34 3.16 2.91 3.22 3.23 3.23 3.75 3.59 4.13
Net Realized & Unrealized Capital Gains on Investments		 -0.01 3.37 0.94 0.08 0.05 0.04 -0.01 -0.01 -0.02 0.00 5.61
Other Non-Interest Income		 143 142 148 149 150 151 158 158 162 169 174
Total Non-Interest Expense		 112 112 113 114 112 116 117 119 127 126 128
Other Operating Expenses		 29 27 30 30 29 28 31 31 31 31 33
Depreciation Expense		 60 58 58 60 59 60 60 61 68 63 65
Other Special Charges		 23 26 25 25 24 28 27 27 28 31 30
Other Gains / (Losses), net		 -3.92 -2.42 -0.76 -0.90 -4.88 -0.77 -0.93 -1.72 -1.07 -2.02 -0.98
Other Adjustments to Consolidated Net Income / (Loss)		 - - - -21 -22 - - -24 -25 - -26
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.14 2.03 2.02 1.76 1.48 1.66 1.96 1.72 1.30 2.04 2.58
Basic Earnings per Share		 $0.09 $0.12 $0.14 $0.12 $0.10 $0.12 $0.14 $0.12 $0.09 $0.16 $0.21
Weighted Average Basic Shares Outstanding		 117.10M 117.30M 117.30M 117.40M 119.60M 122.20M 122.40M 122.50M 122.60M 125.20M 125.40M
Diluted Earnings per Share		 $0.09 $0.12 $0.14 $0.12 $0.10 $0.12 $0.14 $0.12 $0.09 $0.16 $0.21
Weighted Average Diluted Shares Outstanding		 117.10M 117.30M 117.30M 117.40M 119.60M 122.20M 122.40M 122.50M 122.60M 125.20M 125.40M
Weighted Average Basic & Diluted Shares Outstanding		 117.10M 117.30M 117.30M 117.40M 119.60M 122.20M 122.40M 122.50M 122.60M 125.20M 125.40M
Cash Dividends to Common per Share		 $0.27 - $0.28 $0.28 $0.28 - $0.29 $0.29 $0.30 - $0.31

Annual Cash Flow Statements for Phillips Edison & Company, Inc.

This table details how cash moves in and out of Phillips Edison & Company, Inc.'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 25 2.43 -23 57 11 37 -16 -98 -8.47 -0.23
Net Cash From Operating Activities		 106 103 109 153 227 211 263 291 291 335
Net Cash From Continuing Operating Activities		 106 103 109 153 227 211 263 291 291 335
Net Income / (Loss) Continuing Operations		 14 9.04 -42 47 -73 5.46 17 55 64 70
Consolidated Net Income / (Loss)		 14 9.04 -42 47 -73 5.46 17 55 64 70
Depreciation Expense		 98 103 130 191 237 225 221 236 236 253
Amortization Expense		 4.26 3.73 2.06 0.11 8.39 4.25 2.68 1.56 1.94 1.07
Non-Cash Adjustments to Reconcile Net Income		 -2.62 -9.04 17 -65 67 -7.92 18 -1.23 -1.77 1.19
Changes in Operating Assets and Liabilities, net		 -7.50 -3.94 1.03 -20 -12 -16 4.01 -0.19 -9.41 9.74
Net Cash From Investing Activities		 -111 -191 -641 -259 64 -44 -180 -331 -353 -393
Net Cash From Continuing Investing Activities		 -111 -191 -641 -259 64 -44 -180 -331 -353 -393
Purchase of Investment Securities		 -113 -191 -648 -136 -147 -105 -392 -389 -366 -404
Sale and/or Maturity of Investments		 2.27 0.00 7.35 241 228 61 211 58 12 11
Net Cash From Financing Activities		 30 91 509 162 -280 -130 -99 -58 54 58
Net Cash From Continuing Financing Activities		 30 91 509 162 -280 -130 -99 -58 54 58
Issuance of Debt		 400 255 855 1,098 383 255 831 376 561 1,157
Issuance of Common Equity		 - - - - 0.00 0.00 547 90 149 75
Repayment of Debt		 -84 -114 -98 -773 -475 -320 -1,239 -379 -503 -1,023
Payment of Dividends		 -61 -66 -81 -109 -153 -59 -122 -144 -152 -149
Other Financing Activities, Net		 -151 36 -120 0.00 0.00 -0.64 -39 -1.09 -1.94 -0.93
Cash Interest Paid		 28 30 39 68 89 79 68 65 76 75
Cash Income Taxes Paid		 - - - -0.15 0.59 0.95 0.56 0.19 0.69 0.92

Quarterly Cash Flow Statements for Phillips Edison & Company, Inc.

This table details how cash moves in and out of Phillips Edison & Company, Inc.'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -19 -7.10 -5.39 -2.05 -1.68 0.64 1.22 0.85 -1.62 -0.68 -0.80
Net Cash From Operating Activities		 86 62 63 68 89 72 63 78 109 84 61
Net Cash From Continuing Operating Activities		 86 62 63 68 89 72 63 78 109 84 61
Net Income / (Loss) Continuing Operations		 12 16 19 16 14 15 20 17 13 20 29
Consolidated Net Income / (Loss)		 12 16 19 16 14 15 20 17 13 20 29
Depreciation Expense		 60 58 58 60 59 60 60 61 68 63 65
Amortization Expense		 0.44 0.37 0.33 0.37 0.70 0.54 0.48 0.45 0.36 -0.22 -0.05
Non-Cash Adjustments to Reconcile Net Income		 0.64 -2.70 -3.38 -0.34 2.81 -0.86 -0.99 1.33 0.92 -0.07 -5.91
Changes in Operating Assets and Liabilities, net		 13 -9.46 -11 -8.28 13 -2.46 -16 -1.47 27 0.80 -28
Net Cash From Investing Activities		 -90 -55 -91 -16 -39 -207 -67 -77 -116 -133 -164
Net Cash From Continuing Investing Activities		 -90 -55 -91 -16 -39 -207 -67 -77 -116 -133 -164
Purchase of Investment Securities		 -91 -82 -93 -24 -40 -208 -69 -78 -117 -140 -171
Sale and/or Maturity of Investments		 0.73 27 1.89 8.19 0.97 1.09 2.48 1.39 0.80 6.20 6.97
Net Cash From Financing Activities		 -15 -14 23 -54 -51 136 4.72 -1.01 5.66 49 102
Net Cash From Continuing Financing Activities		 -15 -14 23 -54 -51 136 4.72 -1.01 5.66 49 102
Issuance of Debt		 85 94 162 74 118 207 128 443 484 102 272
Repayment of Debt		 -90 -71 -101 -91 -201 -109 -83 -417 -425 -99 -112
Payment of Dividends		 -36 -37 -37 -37 -38 -39 -40 -27 -54 -28 -57
Cash Interest Paid		 13 18 15 21 17 23 19 24 15 17 32

Annual Balance Sheets for Phillips Edison & Company, Inc.

This table presents Phillips Edison & Company, Inc.'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 2,226 2,380 3,526 5,163 4,828 4,679 4,669 4,735 4,866 5,046
Cash and Due from Banks		 41 8.22 5.72 17 18 104 93 5.48 4.87 4.88
Restricted Cash		 6.83 42 22 68 77 28 23 12 4.01 3.77
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 1,884 1,995 2,923 4,283 4,018 3,846 3,832 3,930 4,046 4,182
Goodwill		 - 0.00 29 29 29 29 29 29 29 29
Intangible Assets		 194 213 369 479 443 442 453 472 496 523
Other Assets		 100 123 178 288 244 230 240 288 286 303
Total Liabilities & Shareholders' Equity		 2,226 2,380 3,526 5,163 4,828 4,679 4,669 4,735 4,866 5,046
Total Liabilities		 934 1,155 2,047 2,751 2,659 2,663 2,192 2,138 2,212 2,412
Long-Term Debt		 846 1,056 1,807 2,439 2,354 2,293 1,892 1,897 1,969 2,110
Other Long-Term Liabilities		 89 99 240 312 305 370 301 241 243 303
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,292 1,225 1,479 2,413 2,169 2,016 2,476 2,597 2,653 2,634
Total Preferred & Common Equity		 1,267 1,201 1,046 1,998 1,814 1,690 2,150 2,236 2,310 2,320
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,267 1,201 1,046 1,998 1,814 1,690 2,150 2,236 2,310 2,320
Common Stock		 1,590 1,629 1,631 2,678 2,782 2,742 3,265 3,385 3,548 3,648
Retained Earnings		 -324 -438 -601 -692 -947 -999 -1,091 -1,170 -1,248 -1,332
Accumulated Other Comprehensive Income / (Loss)		 0.02 11 16 12 -21 -52 -25 21 11 4.31
Noncontrolling Interest		 25 23 432 415 355 326 327 361 343 314

Quarterly Balance Sheets for Phillips Edison & Company, Inc.

This table presents Phillips Edison & Company, Inc.'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 4,730 4,787 4,741 4,718 4,887 4,907 4,950 5,162
Cash and Due from Banks		 4.79 6.41 5.56 3.78 5.63 7.06 6.45 5.46
Restricted Cash		 - 5.56 4.35 4.46 4.47 3.89 2.89 2.40
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 4,466 3,968 3,927 3,909 4,051 4,066 4,107 4,256
Goodwill		 29 29 29 29 29 29 29 29
Intangible Assets		 - 478 478 478 501 506 515 531
Other Assets		 184 299 297 294 296 295 290 338
Total Liabilities & Shareholders' Equity		 4,730 4,787 4,741 4,718 4,887 4,907 4,950 5,162
Total Liabilities		 2,116 2,214 2,179 2,111 2,249 2,292 2,371 2,541
Long-Term Debt		 - 1,967 1,951 1,870 2,016 2,042 2,105 2,278
Other Long-Term Liabilities		 - 247 228 241 234 249 266 263
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,615 2,573 2,562 2,607 2,637 2,615 2,579 2,621
Total Preferred & Common Equity		 2,254 2,213 2,205 2,257 2,300 2,280 2,249 2,311
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 2,254 2,213 2,205 2,257 2,300 2,280 2,249 2,311
Common Stock		 3,383 3,384 3,389 3,463 3,553 3,556 3,560 3,654
Retained Earnings		 -1,150 -1,186 -1,205 -1,226 -1,267 -1,287 -1,312 -1,345
Accumulated Other Comprehensive Income / (Loss)		 21 15 21 20 13 11 1.91 2.71
Noncontrolling Interest		 361 360 356 351 338 336 330 309

Annual Metrics And Ratios for Phillips Edison & Company, Inc.

This table displays calculated financial ratios and metrics derived from Phillips Edison & Company, Inc.'s official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 24.93% 7.42% 18.03% 34.55% 25.79% -8.29% 17.97% 19.72% 4.86% 8.20%
EBITDA Growth		 103.06% -5.07% -20.07% 48.67% 23.43% 35.45% 26.10% 36.26% 4.80% 8.33%
EBIT Growth		 156.89% -77.07% -1,546.15% -37.26% -38.33% 87.74% 602.03% 167.25% 12.63% 11.02%
NOPAT Growth		 181.27% -77.07% -1,112.31% -37.26% -38.33% 87.74% 817.19% 167.25% 12.63% 11.02%
Net Income Growth		 159.91% -33.32% -561.33% 212.60% -255.03% 107.50% 215.51% 216.42% 16.93% 9.31%
EPS Growth		 153.85% -28.57% -520.00% 195.24% -435.00% 107.46% 200.00% 180.00% 14.29% 6.25%
Operating Cash Flow Growth		 40.18% -2.83% 5.61% 40.81% 48.00% -7.18% 24.85% 10.65% 0.03% 15.03%
Free Cash Flow Firm Growth		 83.84% -114.99% -636.68% -55.31% 116.80% -23.31% -103.82% 250.33% 124.34% 92.86%
Invested Capital Growth		 3.82% 6.72% 44.05% 47.66% -6.78% -4.74% 1.38% 2.88% 2.86% 2.62%
Revenue Q/Q Growth		 -0.15% 2.64% 11.74% 1.55% 5.01% -1.69% 10.62% 9.19% 7.73% 19.23%
EBITDA Q/Q Growth		 24.10% 1.78% -15.22% 12.17% 20.07% 0.12% 18.50% 16.69% 11.75% 30.54%
EBIT Q/Q Growth		 296.62% -3.23% -344.53% 9.96% 20.07% 24.15% 543.16% 59.36% 34.54% 128.03%
NOPAT Q/Q Growth		 380.88% -3.23% -409.00% 10.63% 27.73% -213.32% 613.81% 26.28% 34.54% 128.03%
Net Income Q/Q Growth		 301.50% 187.90% -779.01% 171.79% -5,060.90% -76.33% 67.07% 65.29% -0.80% 7.72%
EPS Q/Q Growth		 275.00% 0.00% -2,000.00% 164.52% -770.00% 114.71% 0.00% 61.54% 0.00% 8.51%
Operating Cash Flow Q/Q Growth		 -1.44% 2.59% 27.44% -6.17% 9.53% 1.12% 4.47% -0.84% 3.51% 3.73%
Free Cash Flow Firm Q/Q Growth		 65.35% -188.19% -550.64% -79.44% 118.40% 47.48% -103.61% -99.30% 101.53% 139.40%
Invested Capital Q/Q Growth		 0.42% 4.62% 40.81% 52.46% -1.02% -2.67% 4.07% 71.86% 3.24% 1.27%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 55.29% 48.86% 33.09% 36.56% 35.87% 52.98% 56.63% 64.45% 64.41% 64.49%
EBIT Margin		 6.35% 1.36% -16.61% -16.94% -18.63% -2.49% 10.60% 23.66% 25.41% 26.07%
Profit (Net Income) Margin		 6.47% 4.01% -15.69% 13.13% -16.18% 1.32% 3.54% 9.36% 10.43% 10.54%
Tax Burden Percent		 101.86% 209.77% 95.95% -75.37% 86.87% -53.15% 33.40% 39.55% 41.06% 40.42%
Interest Burden Percent		 100.00% 141.21% 98.48% 102.84% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.63% 0.14% -1.11% -1.04% -1.25% -0.16% 1.19% 3.11% 3.41% 3.68%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.67% 0.77% -1.87% 3.17% -1.84% 0.38% -0.45% -1.29% -1.33% -1.36%
Return on Net Nonoperating Assets (RNNOA)		 0.37% 0.58% -1.98% 3.46% -1.93% 0.42% -0.42% -0.96% -0.98% -1.05%
Return on Equity (ROE)		 1.00% 0.72% -3.09% 2.41% -3.18% 0.26% 0.77% 2.15% 2.43% 2.64%
Cash Return on Invested Capital (CROIC)		 -3.12% -6.36% -37.21% -39.53% 5.76% 4.69% -0.18% 0.27% 0.59% 1.10%
Operating Return on Assets (OROA)		 0.61% 0.13% -1.50% -1.39% -1.68% -0.22% 1.10% 2.93% 3.24% 3.48%
Return on Assets (ROA)		 0.62% 0.39% -1.41% 1.08% -1.46% 0.11% 0.37% 1.16% 1.33% 1.41%
Return on Common Equity (ROCE)		 0.98% 0.70% -2.57% 1.89% -2.64% 0.22% 0.66% 1.86% 2.10% 2.31%
Return on Equity Simple (ROE_SIMPLE)		 1.07% 0.75% -3.99% 2.35% -4.01% 0.32% 0.80% 2.44% 2.76% 3.00%
Net Operating Profit after Tax (NOPAT)		 13 3.05 -31 -42 -59 -7.19 52 138 155 172
NOPAT Margin		 6.35% 1.36% -11.62% -11.86% -13.04% -1.74% 10.60% 23.66% 25.41% 26.07%
Net Nonoperating Expense Percent (NNEP)		 -0.03% -0.63% 0.76% -4.21% 0.59% -0.54% 1.64% 4.40% 4.74% 5.04%
SG&A Expenses to Revenue		 18.31% 18.60% 20.24% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 93.65% 98.64% 116.61% 116.94% 118.63% 102.49% 89.40% 76.34% 74.59% 73.93%
Earnings before Interest and Taxes (EBIT)		 13 3.05 -44 -61 -84 -10 52 138 155 172
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 116 110 88 131 161 219 276 376 394 427
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 1.59 1.55 1.82 1.97
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 2.05 2.00 2.36 2.59
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 7.02 5.96 6.88 6.92
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 226.12 71.91 74.00 73.06
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.46% 3.68% 3.23% 3.19%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.44% 1.39% 1.35% 1.37%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 1.26 1.27 1.41 1.47
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 11.34 9.80 10.65 10.58
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 20.03 15.21 16.54 16.40
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 107.03 41.45 41.92 40.57
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 107.03 41.45 41.92 40.57
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 21.00 19.65 22.37 20.90
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 480.00 243.73 135.78
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.65 0.86 1.22 1.01 1.09 1.14 0.76 0.73 0.74 0.80
Long-Term Debt to Equity		 0.65 0.86 1.22 1.01 1.09 1.14 0.76 0.73 0.74 0.80
Financial Leverage		 0.55 0.76 1.06 1.09 1.05 1.11 0.93 0.75 0.74 0.77
Leverage Ratio		 1.62 1.83 2.18 2.23 2.18 2.27 2.08 1.85 1.83 1.87
Compound Leverage Factor		 1.62 2.58 2.15 2.30 2.18 2.27 2.08 1.85 1.83 1.87
Debt to Total Capital		 39.56% 46.30% 55.00% 50.27% 52.05% 53.21% 43.31% 42.20% 42.60% 44.47%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 39.56% 46.30% 55.00% 50.27% 52.05% 53.21% 43.31% 42.20% 42.60% 44.47%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.18% 1.03% 13.16% 8.55% 7.84% 7.56% 7.48% 8.03% 7.42% 6.62%
Common Equity to Total Capital		 59.26% 52.67% 31.84% 41.18% 40.11% 39.23% 49.21% 49.77% 49.98% 48.91%
Debt to EBITDA		 7.29 9.60 20.54 18.65 14.58 10.49 6.86 5.05 5.00 4.95
Net Debt to EBITDA		 6.88 9.14 20.23 18.00 13.99 9.88 6.44 5.00 4.98 4.93
Long-Term Debt to EBITDA		 7.29 9.60 20.54 18.65 14.58 10.49 6.86 5.05 5.00 4.95
Debt to NOPAT		 63.51 345.94 -58.47 -57.49 -40.12 -318.69 36.67 13.75 12.68 12.24
Net Debt to NOPAT		 59.94 329.58 -57.58 -55.50 -38.50 -300.35 34.43 13.63 12.62 12.18
Long-Term Debt to NOPAT		 63.51 345.94 -58.47 -57.49 -40.12 -318.69 36.67 13.75 12.68 12.24
Noncontrolling Interest Sharing Ratio		 2.88% 1.93% 16.86% 21.77% 16.80% 16.26% 14.52% 13.56% 13.41% 12.43%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -65 -141 -1,036 -1,608 270 207 -7.92 12 27 52
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -2.02 -4.33 -22.68 -22.14 2.62 2.43 -0.10 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 3.27 3.18 2.38 2.11 2.20 2.47 3.44 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 3.27 3.18 2.38 2.11 2.20 2.47 3.44 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.10 0.10 0.09 0.08 0.09 0.09 0.10 0.12 0.13 0.13
Fixed Asset Turnover		 0.11 0.12 0.11 0.10 0.11 0.11 0.13 0.15 0.15 0.16
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 2,137 2,281 3,286 4,852 4,523 4,309 4,368 4,494 4,623 4,744
Invested Capital Turnover		 0.10 0.10 0.10 0.09 0.10 0.09 0.11 0.13 0.13 0.14
Increase / (Decrease) in Invested Capital		 79 144 1,005 1,566 -329 -214 60 126 129 121
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 0.00 0.00 5,522 5,715 6,510 6,994
Market Capitalization		 0.00 0.00 0.00 0.00 0.00 0.00 3,419 3,475 4,207 4,579
Book Value per Share		 $7.00 $6.52 $5.67 $10.86 $6.28 $5.82 $18.97 $19.10 $19.32 $18.92
Tangible Book Value per Share		 $5.92 $5.36 $3.52 $8.10 $4.64 $4.20 $14.72 $14.82 $14.93 $14.42
Total Capital		 2,137 2,281 3,286 4,852 4,523 4,309 4,368 4,494 4,623 4,744
Total Debt		 846 1,056 1,807 2,439 2,354 2,293 1,892 1,897 1,969 2,110
Total Long-Term Debt		 846 1,056 1,807 2,439 2,354 2,293 1,892 1,897 1,969 2,110
Net Debt		 798 1,006 1,780 2,355 2,259 2,161 1,776 1,879 1,960 2,101
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 -0.25 -5.99 11 -89 14 -13 34 83 92 103
Net Nonoperating Obligations (NNO)		 846 1,056 1,807 2,439 2,354 2,293 1,892 1,897 1,969 2,110
Total Depreciation and Amortization (D&A)		 103 107 132 191 245 229 224 238 238 254
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.07 $0.05 ($0.21) $0.20 ($0.22) $0.02 $0.15 $0.42 $0.48 $0.51
Adjusted Weighted Average Basic Shares Outstanding		 183.68M 183.88M 183.78M 281.80M 290.30M 280.70M 113.40M 117.30M 122.20M 125.20M
Adjusted Diluted Earnings per Share		 $0.07 $0.05 ($0.21) $0.20 ($0.22) $0.02 $0.15 $0.42 $0.48 $0.51
Adjusted Weighted Average Diluted Shares Outstanding		 186.39M 186.67M 196.50M 281.80M 290.30M 280.70M 113.40M 117.30M 122.20M 125.20M
Adjusted Basic & Diluted Earnings per Share		 $0.07 $0.05 ($0.21) $0.20 ($0.22) $0.02 $0.15 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 182.20M 182.10M 186.20M 281.80M 290.30M 280.70M 113.40M 117.30M 122.20M 125.20M
Normalized Net Operating Profit after Tax (NOPAT)		 9.32 2.14 -20 43 66 56 106 163 180 200
Normalized NOPAT Margin		 4.44% 0.95% -7.49% 11.88% 14.69% 13.51% 21.75% 28.05% 29.50% 30.17%
Pre Tax Income Margin		 6.35% 1.91% -16.35% -17.42% -18.63% -2.49% 10.60% 23.66% 25.41% 26.07%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.41 0.09 -0.97 -0.83 -0.81 -0.12 0.68 0.00 0.00 0.00
NOPAT to Interest Expense		 0.41 0.09 -0.68 -0.58 -0.57 -0.08 0.68 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.41 0.09 -0.97 -0.83 -0.81 -0.12 0.68 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.41 0.09 -0.68 -0.58 -0.57 -0.08 0.68 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 450.29% 729.77% -194.70% 232.84% -209.83% 1,075.91% 706.09% 263.97% 237.99% 214.06%
Augmented Payout Ratio		 999.43% 954.26% -306.25% 345.99% -257.45% 1,172.34% 1,157.35% 263.97% 237.99% 214.06%

Quarterly Metrics And Ratios for Phillips Edison & Company, Inc.

This table displays calculated financial ratios and metrics derived from Phillips Edison & Company, Inc.'s official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.04% 32.24% 5.75% 18.75% 19.09% -13.58% 4.09% 6.11% 8.51% 12.90% 14.03%
EBITDA Growth		 24.18% 57.07% 6.61% 25.67% 30.04% -20.15% 3.86% 6.25% 8.15% 13.17% 15.48%
EBIT Growth		 125.97% 135.31% 23.02% 126.11% 149.45% -35.07% 6.00% 12.01% -2.90% 21.68% 26.56%
NOPAT Growth		 125.97% 47.32% 23.02% 126.11% 149.45% -35.07% 6.00% 12.01% -2.90% 21.68% 26.56%
Net Income Growth		 -26.50% 369.07% 63.50% 6.25% 12.78% -3.28% 5.31% 4.79% -6.02% 32.87% 47.22%
EPS Growth		 -30.77% 400.00% 55.56% 0.00% 11.11% 0.00% 0.00% 0.00% -10.00% 33.33% 50.00%
Operating Cash Flow Growth		 26.09% -3.81% 4.22% -17.81% 2.71% 15.86% 0.60% 16.02% 23.15% 16.70% -4.11%
Free Cash Flow Firm Growth		 575.52% -3,384.77% 4.31% 98.53% -214.02% -92.60% 13.77% -2,923.63% 90.81% 28.70% -175.61%
Invested Capital Growth		 -37.70% 2.88% 2.86% 0.92% 71.23% 2.86% 2.48% 3.21% 4.61% 2.62% 5.27%
Revenue Q/Q Growth		 -0.08% 57.17% 1.87% 14.84% 0.21% 14.05% 24.02% 17.06% 2.48% 18.66% -6.35%
EBITDA Q/Q Growth		 -1.67% 93.22% 1.98% 25.06% 1.75% 18.65% 46.67% 27.94% 3.57% 24.16% -9.64%
EBIT Q/Q Growth		 -3.73% 455.17% 6.98% 94.87% 6.21% 44.50% 535.76% 105.92% -7.93% 81.09% -21.29%
NOPAT Q/Q Growth		 -3.73% 455.17% 6.98% 94.87% 6.21% 44.50% 722.52% 105.92% -7.93% 81.09% -21.29%
Net Income Q/Q Growth		 -20.20% 29.00% 18.68% -13.02% -15.30% 10.63% 29.22% -13.45% -24.04% 56.41% 43.17%
EPS Q/Q Growth		 -25.00% 33.33% 16.67% -14.29% -16.67% 20.00% 16.67% -14.29% -25.00% 77.78% 31.25%
Operating Cash Flow Q/Q Growth		 4.84% -27.98% 1.02% 7.75% 31.01% -18.76% -12.28% 24.27% 39.06% -23.01% -27.93%
Free Cash Flow Firm Q/Q Growth		 790.67% -102.29% 0.86% 96.83% -53,595.79% 96.13% 30.09% -11.30% -63.12% 69.93% -277.08%
Invested Capital Q/Q Growth		 -41.52% 71.86% 1.03% -0.60% -0.79% 3.24% 0.66% 0.11% 0.56% 1.27% 3.26%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 59.77% 73.47% 59.02% 64.27% 65.26% 67.89% 58.89% 64.36% 65.05% 68.06% 65.66%
EBIT Margin		 12.56% 44.37% 14.63% 24.83% 26.31% 33.34% 14.90% 26.21% 23.55% 35.93% 30.20%
Profit (Net Income) Margin		 9.50% 7.80% 14.06% 10.65% 9.00% 8.73% 14.23% 10.52% 7.80% 10.28% 15.71%
Tax Burden Percent		 75.66% 17.58% 96.11% 42.89% 34.21% 26.19% 95.48% 40.13% 33.11% 28.60% 52.02%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 1.97% 5.84% 1.70% 3.00% 4.21% 4.47% 1.73% 3.10% 2.85% 5.07% 4.33%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.51% 1.95% 1.66% 1.87% 1.39% 2.26% 1.68% 1.83% 1.54% 2.60% 3.08%
Return on Net Nonoperating Assets (RNNOA)		 0.50% 1.46% 1.25% 1.39% 0.50% 1.66% 1.28% 1.41% 1.18% 2.01% 2.52%
Return on Equity (ROE)		 2.47% 7.29% 2.94% 4.39% 4.71% 6.13% 3.01% 4.51% 4.03% 7.08% 6.84%
Cash Return on Invested Capital (CROIC)		 49.66% 0.27% -1.25% 1.12% -49.27% 0.59% -0.88% -1.49% -2.85% 1.10% -1.28%
Operating Return on Assets (OROA)		 1.45% 5.50% 1.61% 2.86% 3.16% 4.24% 1.64% 2.94% 2.70% 4.80% 4.11%
Return on Assets (ROA)		 1.10% 0.97% 1.55% 1.23% 1.08% 1.11% 1.57% 1.18% 0.89% 1.37% 2.14%
Return on Common Equity (ROCE)		 2.14% 6.30% 2.52% 3.77% 4.06% 5.31% 2.61% 3.90% 3.50% 6.20% 6.00%
Return on Equity Simple (ROE_SIMPLE)		 1.46% 0.00% 2.79% 2.84% 2.85% 0.00% 2.82% 2.87% 2.88% 0.00% 3.42%
Net Operating Profit after Tax (NOPAT)		 16 89 19 38 40 58 21 42 39 71 56
NOPAT Margin		 12.56% 44.37% 14.63% 24.83% 26.31% 33.34% 14.90% 26.21% 23.55% 35.93% 30.20%
Net Nonoperating Expense Percent (NNEP)		 0.46% 3.89% 0.04% 1.13% 2.82% 2.21% 0.05% 1.27% 1.31% 2.47% 1.24%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 87.44% 55.63% 85.37% 75.17% 73.69% 66.66% 85.10% 73.79% 76.45% 64.07% 69.80%
Earnings before Interest and Taxes (EBIT)		 16 89 19 38 40 58 21 42 39 71 56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 77 148 78 98 100 118 81 104 108 134 121
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.36 1.55 1.65 1.74 1.68 1.82 1.84 1.75 2.05 1.97 1.97
Price to Tangible Book Value (P/TBV)		 1.38 2.00 2.14 2.26 2.17 2.36 2.39 2.28 2.70 2.59 2.60
Price to Revenue (P/Rev)		 5.74 5.96 7.03 7.08 6.69 6.88 7.94 7.35 8.30 6.92 6.66
Price to Earnings (P/E)		 104.11 71.91 66.44 68.88 66.60 74.00 73.02 67.80 79.32 73.06 63.87
Dividend Yield		 4.13% 3.68% 3.55% 3.40% 3.48% 3.23% 3.25% 3.57% 3.12% 3.19% 3.31%
Earnings Yield		 0.96% 1.39% 1.51% 1.45% 1.50% 1.35% 1.37% 1.48% 1.26% 1.37% 1.57%
Enterprise Value to Invested Capital (EV/IC)		 1.31 1.27 1.31 1.36 1.34 1.41 1.41 1.36 1.50 1.47 1.46
Enterprise Value to Revenue (EV/Rev)		 6.41 9.80 11.49 11.31 10.59 10.65 12.34 11.72 12.68 10.58 10.43
Enterprise Value to EBITDA (EV/EBITDA)		 10.63 15.21 19.27 18.65 17.05 16.54 21.03 19.93 21.52 16.40 16.12
Enterprise Value to EBIT (EV/EBIT)		 39.54 41.45 84.77 67.19 52.05 41.92 90.96 82.68 93.00 40.57 38.76
Enterprise Value to NOPAT (EV/NOPAT)		 31.33 41.45 84.77 67.19 52.05 41.92 90.96 82.68 93.00 40.57 38.76
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.66 19.65 20.31 22.03 21.37 22.37 22.55 21.01 21.79 20.90 21.48
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.02 480.00 0.00 122.29 0.00 243.73 0.00 0.00 0.00 135.78 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.73 0.76 0.76 0.72 0.74 0.76 0.78 0.82 0.80 0.87
Long-Term Debt to Equity		 0.00 0.73 0.76 0.76 0.72 0.74 0.76 0.78 0.82 0.80 0.87
Financial Leverage		 0.33 0.75 0.75 0.74 0.36 0.74 0.76 0.77 0.77 0.77 0.82
Leverage Ratio		 1.80 1.85 1.84 1.83 1.81 1.83 1.86 1.86 1.86 1.87 1.91
Compound Leverage Factor		 1.80 1.85 1.84 1.83 1.81 1.83 1.86 1.86 1.86 1.87 1.91
Debt to Total Capital		 0.00% 42.20% 43.33% 43.24% 41.76% 42.60% 43.32% 43.85% 44.94% 44.47% 46.50%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 42.20% 43.33% 43.24% 41.76% 42.60% 43.32% 43.85% 44.94% 44.47% 46.50%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 13.82% 8.03% 7.94% 7.90% 7.84% 7.42% 7.26% 7.21% 7.04% 6.62% 6.31%
Common Equity to Total Capital		 86.18% 49.77% 48.73% 48.87% 50.40% 49.98% 49.42% 48.94% 48.02% 48.91% 47.19%
Debt to EBITDA		 0.00 5.05 6.36 5.93 5.31 5.00 6.45 6.41 6.44 4.95 5.15
Net Debt to EBITDA		 0.00 5.00 6.32 5.90 5.28 4.98 6.42 6.38 6.41 4.93 5.13
Long-Term Debt to EBITDA		 0.00 5.05 6.36 5.93 5.31 5.00 6.45 6.41 6.44 4.95 5.15
Debt to NOPAT		 0.00 13.75 27.98 21.35 16.20 12.68 27.90 26.60 27.84 12.24 12.37
Net Debt to NOPAT		 0.00 13.63 27.81 21.24 16.13 12.62 27.76 26.46 27.71 12.18 12.33
Long-Term Debt to NOPAT		 0.00 13.75 27.98 21.35 16.20 12.68 27.90 26.60 27.84 12.24 12.37
Noncontrolling Interest Sharing Ratio		 13.41% 13.56% 14.33% 14.14% 13.64% 13.41% 13.40% 13.37% 13.12% 12.43% 12.31%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,598 -37 -107 -3.39 -1,822 -71 -92 -103 -167 -50 -190
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 90.98 0.00 -5.49 0.00 0.00 0.00 -3.95 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 4.91 0.00 3.22 0.00 0.00 0.00 2.71 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 4.91 0.00 3.22 0.00 0.00 0.00 2.71 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.12 0.12 0.11 0.12 0.12 0.13 0.11 0.11 0.11 0.13 0.14
Fixed Asset Turnover		 0.13 0.15 0.13 0.14 0.14 0.15 0.13 0.14 0.14 0.16 0.16
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,615 4,494 4,540 4,513 4,477 4,623 4,653 4,658 4,684 4,744 4,898
Invested Capital Turnover		 0.16 0.13 0.12 0.12 0.16 0.13 0.12 0.12 0.12 0.14 0.14
Increase / (Decrease) in Invested Capital		 -1,582 126 126 41 1,863 129 113 145 206 121 245
Enterprise Value (EV)		 3,421 5,715 5,961 6,140 6,008 6,510 6,571 6,348 7,032 6,994 7,134
Market Capitalization		 3,065 3,475 3,645 3,843 3,796 4,207 4,228 3,981 4,607 4,579 4,555
Book Value per Share		 $19.31 $19.10 $18.86 $18.80 $19.22 $19.32 $18.79 $18.62 $18.36 $18.92 $18.46
Tangible Book Value per Share		 $19.06 $14.82 $14.54 $14.48 $14.90 $14.93 $14.46 $14.25 $13.92 $14.42 $13.99
Total Capital		 2,615 4,494 4,540 4,513 4,477 4,623 4,653 4,658 4,684 4,744 4,898
Total Debt		 0.00 1,897 1,967 1,951 1,870 1,969 2,016 2,042 2,105 2,110 2,278
Total Long-Term Debt		 0.00 1,897 1,967 1,951 1,870 1,969 2,016 2,042 2,105 2,110 2,278
Net Debt		 -4.79 1,879 1,955 1,941 1,862 1,960 2,005 2,032 2,095 2,101 2,270
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 3.92 74 0.76 22 26 43 0.93 25 26 50 27
Net Nonoperating Obligations (NNO)		 0.00 1,897 1,967 1,951 1,870 1,969 2,016 2,042 2,105 2,110 2,278
Total Depreciation and Amortization (D&A)		 60 59 59 60 59 60 61 62 69 63 65
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.09 $0.12 $0.14 $0.12 $0.10 $0.12 $0.14 $0.12 $0.09 $0.16 $0.21
Adjusted Weighted Average Basic Shares Outstanding		 117.10M 117.30M 117.30M 117.40M 119.60M 122.20M 122.40M 122.50M 122.60M 125.20M 125.40M
Adjusted Diluted Earnings per Share		 $0.09 $0.12 $0.14 $0.12 $0.10 $0.12 $0.14 $0.12 $0.09 $0.16 $0.21
Adjusted Weighted Average Diluted Shares Outstanding		 117.10M 117.30M 117.30M 117.40M 119.60M 122.20M 122.40M 122.50M 122.60M 125.20M 125.40M
Adjusted Basic & Diluted Earnings per Share		 $0.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 117.10M 117.30M 117.30M 117.40M 119.60M 122.20M 122.40M 122.50M 122.60M 125.20M 125.40M
Normalized Net Operating Profit after Tax (NOPAT)		 27 81 31 44 45 60 33 49 47 71 60
Normalized NOPAT Margin		 21.41% 40.14% 23.48% 28.73% 29.56% 34.72% 23.89% 30.22% 28.12% 36.26% 32.53%
Pre Tax Income Margin		 12.56% 44.37% 14.63% 24.83% 26.31% 33.34% 14.90% 26.21% 23.55% 35.93% 30.20%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.92 0.00 1.00 0.00 0.00 0.00 0.88 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.92 0.00 1.00 0.00 0.00 0.00 0.88 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.92 0.00 1.00 0.00 0.00 0.00 0.88 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.92 0.00 1.00 0.00 0.00 0.00 0.88 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 429.36% 263.97% 236.25% 234.96% 232.18% 237.99% 238.96% 220.50% 247.99% 214.06% 210.64%
Augmented Payout Ratio		 429.36% 263.97% 236.25% 234.96% 232.18% 237.99% 238.96% 220.50% 247.99% 214.06% 210.64%

Key Financial Trends

Phillips Edison & Company, Inc. (NASDAQ: PECO) has delivered steady financial performance over the past four years through Q1 2025, with important trends visible in their income, cash flow, and balance sheet statements.

Income Statement Highlights:

  • Net income attributable to common shareholders has grown from $11.0 million in Q3 2022 to $26.3 million in Q1 2025, indicating improving profitability.
  • Diluted earnings per share increased from $0.09 in Q3 2022 to $0.21 in Q1 2025, reflecting growth in earnings on a per-share basis.
  • Total revenue rose to $183.9 million in Q1 2025 from $128.1 million in Q3 2022, driven mainly by growth in other non-interest income (e.g., fees, service charges).
  • Total non-interest expense increased to $128.4 million in Q1 2025 from $112.4 million in Q3 2022, mainly due to higher depreciation and special charges, which weigh on margins.
  • Total interest expense was $0 in Q1 2025, contrasting prior quarters with notable interest expenses, likely due to classification or reporting timing differences.

Cash Flow Statement Observations:

  • Net cash from operating activities remains robust, reaching $60.5 million in Q1 2025, supporting ongoing operations and liquidity.
  • Significant investment outflows observed with purchase of investment securities ($170.5 million in Q1 2025), potentially indicating expansion or portfolio acquisitions.
  • Financing activities generated $102.2 million net cash inflows in Q1 2025, showing successful capital raising, partially through increased issuance of debt ($272 million).
  • Cash interest paid rose to $31.8 million in Q1 2025, up from $14.7 million in Q3 2024, implying higher borrowing costs or increased debt levels.

Balance Sheet Analysis:

  • Total assets grew to approximately $5.16 billion as of Q1 2025, up from $4.73 billion in Q3 2022, signifying growth in company size and asset base.
  • Long-term debt increased to $2.28 billion in Q1 2025, from $1.87 billion in Q3 2022, reflecting strategic leveraging for growth initiatives.
  • Total equity including noncontrolling interests stands at $2.62 billion in Q1 2025, showing a healthy capital structure alongside liabilities.
  • Retained earnings remain negative (-$1.34 billion in Q1 2025), indicating cumulative past losses or dividends exceeding earnings, though improved slightly from prior quarters.

Overall Trends and Investor Takeaways:

  • Phillips Edison & Co. continues to expand its asset base and revenue, supported by strong operating cash flows and strategic financing.
  • Earnings growth and improved EPS suggest strengthening operational efficiency despite rising operating expenses.
  • Increased debt and higher interest payments pose risks but also enable growth opportunities; investors should monitor leverage levels.
  • Persistent negative retained earnings highlight historical challenges; future profitability and dividend sustainability warrant attention.
  • Dividend per common share has steadily increased over the past years, reaching $0.3075 in Q1 2025, which is positive for income-focused investors but needs to be balanced against payout ratios and cash flow.

In conclusion, Phillips Edison & Company is on a growth trajectory with expanding revenues and improving earnings per share, powered by investments and financing activities. However, careful monitoring of increasing operating expenses, leverage, and retained earnings situation is advised for risk-conscious investors.

08/08/25 07:44 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Phillips Edison & Company, Inc.'s Financials

When does Phillips Edison & Company, Inc.'s financial year end?

According to the most recent income statement we have on file, Phillips Edison & Company, Inc.'s fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Phillips Edison & Company, Inc.'s net income changed over the last 9 years?

Phillips Edison & Company, Inc.'s net income appears to be on an upward trend, with a most recent value of $69.70 million in 2024, rising from $13.56 million in 2015. The previous period was $63.76 million in 2023. See where experts think Phillips Edison & Company, Inc. is headed by visiting Phillips Edison & Company, Inc.'s forecast page.

How has Phillips Edison & Company, Inc.'s revenue changed over the last 9 years?

Over the last 9 years, Phillips Edison & Company, Inc.'s total revenue changed from $209.71 million in 2015 to $661.36 million in 2024, a change of 215.4%.

How much debt does Phillips Edison & Company, Inc. have?

Phillips Edison & Company, Inc.'s total liabilities were at $2.41 billion at the end of 2024, a 9.0% increase from 2023, and a 158.1% increase since 2015.

How much cash does Phillips Edison & Company, Inc. have?

In the past 9 years, Phillips Edison & Company, Inc.'s cash and equivalents has ranged from $4.87 million in 2023 to $104.30 million in 2020, and is currently $4.88 million as of their latest financial filing in 2024.

How has Phillips Edison & Company, Inc.'s book value per share changed over the last 9 years?

Over the last 9 years, Phillips Edison & Company, Inc.'s book value per share changed from 7.00 in 2015 to 18.92 in 2024, a change of 170.4%.


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This page (NASDAQ:PECO) was last updated on 8/8/2025 by MarketBeat.com Staff
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