Phillips Edison & Company, Inc. (PECO) Financials

$33.59 -0.08 (-0.25%)

As of 11:05 AM Eastern

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

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

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

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

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

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

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%

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%

Financials Breakdown Chart

Key Financial Trends

Phillips Edison & Company, Inc. (NASDAQ: PECO) has demonstrated a steady financial performance over the past four years through its quarterly statements ending in Q1 2025. Here are the key insights from their recent income statements, cash flow statements, and balance sheets:

Consolidated Net Income attributable to common shareholders increased from $16.6 million in Q1 2023 to $26.3 million in Q1 2025, showcasing positive earnings growth.
Basic and diluted earnings per share (EPS) rose from $0.14 in Q1 2023 to $0.21 in Q1 2025, indicating improved profitability on a per-share basis.
Total revenue showed consistent growth, with Q1 2025 revenue at approximately $183.9 million compared to $132.5 million in Q1 2023, driven mainly by substantial non-interest income.
Net cash from continuing operating activities increased to about $60.5 million in Q1 2025, up from $62.8 million in Q1 2023, reflecting solid cash generation from core operations.
Total assets increased steadily, from roughly $4.79 billion in Q1 2023 to $5.16 billion in Q1 2025, indicating ongoing growth and asset acquisition.
Long-term debt levels also grew from approximately $1.97 billion in Q1 2023 to $2.28 billion in Q1 2025, requiring monitoring for leverage risk but supporting asset growth.
Cash dividends per common share rose moderately from $0.2799 in Q1 2023 to $0.3075 in Q1 2025, providing incremental shareholder returns.
Other special charges and other operating expenses have increased in absolute terms, with total non-interest expenses reaching $128.4 million in Q1 2025 up from $113.1 million in Q1 2023, which could pressure margins if unchecked.
Interest expense remains substantial, with cash interest paid of around $31.8 million in Q1 2025, up from $15.2 million in Q1 2023, reflecting potentially higher borrowing costs or debt levels.
Negative adjustments to consolidated net income (other adjustments) rose, with -$25.7 million recorded in Q1 2025 versus about -$3.4 million in Q1 2023, which decreases overall profitability.

In summary, Phillips Edison & Company, Inc. has shown growing revenues and net income with improving earnings per share in recent quarters. Their solid operating cash flow supports ongoing investments and dividends. However, rising expenses and increased interest costs underline the importance of closely managing operating efficiency and debt levels. Investors should weigh the company's growth trajectory against these cost pressures when considering its stock.

10/09/25 10:19 AM ETAI Generated. May Contain Errors.

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

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

According to the most recent income statement we have on file, Phillips Edison & Company, Inc.'s financial year ends in December. Their financial 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 Phillips Edison & Company, Inc.'s forecast for analyst expectations on what’s next for the company.

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 10/9/2025 by MarketBeat.com Staff

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Phillips Edison & Company, Inc. (PECO) Financials

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Phillips Edison & Company, Inc. (PECO) Financials

Annual Income Statements for Phillips Edison & Company, Inc.

Quarterly Income Statements for Phillips Edison & Company, Inc.

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

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

Annual Balance Sheets for Phillips Edison & Company, Inc.

Quarterly Balance Sheets for Phillips Edison & Company, Inc.

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

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

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Key Financial Trends

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

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