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Earnings transcript
Read the complete earnings call transcript.
PECO
Phillips Edison & Company, Inc.
$37.53
0.29
(0.78%)
| Exchange: | NASDAQ |
| Market Cap: | 4.721B |
| Shares Outstanding: | 0 |
About The Company
| Sector: | Real Estate | |||||
| Industry: | REIT – Retail | |||||
| CEO: | Jeffrey S. Edison | |||||
| Full Time Employees: | 300 | |||||
| Address: |
| |||||
| Website: | https://www.phillipsedison.com |
Phillips Edison & Company, Inc. (PECO), an internally-managed REIT, is one of the nation’s largest owners and operators of grocery-anchored shopping centers. PECO’s diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States. Through its vertically-integrated operating platform, the Company manages a portfolio of 309 properties, including 283 wholly-owned properties comprising approximately 31.7 million square feet across 31 states (as of September 30, 2020). PECO has generated strong operating results over its 29+ year history and has partnered with leading institutional commercial real estate investors, including TPG Real Estate and The Northwestern Mutual Life Insurance Company. The Company remains exclusively focused on creating great grocery-anchored shopping experiences and improving the communities it serves one center at a time.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 610,124 | 661,392 | 732,299 |
| Gross Profit | 435,005 | 471,075 | -10,185 |
| EBITDA | 380,335 | 410,970 | 505,746 |
| Operating Income | 390,639 | 425,464 | 198,846 |
| Net Income | 56,848 | 62,685 | 111,303 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 4,865,666 | 5,046,223 | 5,286,438 |
| Total Liabilities | 2,212,315 | 2,412,238 | 2,697,060 |
| Total Stockholders Equity | 2,310,308 | 2,319,922 | 2,286,569 |
| Total Debt | 2,077,495 | 2,225,639 | 2,612,040 |
| Cash and Cash Equivalents | 4,872 | 4,881 | 43,312 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 290,968 | 334,710 | 348,149 |
| Capital Expenditure | -95,262 | -95,084 | -136,144 |
| Free Cash Flow | 195,706 | 239,626 | 212,005 |
| Net Income | 56,848 | 62,685 | 111,303 |
| Net Change in Cash | -8,471 | -229 | 34,663 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 742,132.719 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 820,584.573 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 781,358.646 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 468,735.871 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 518,286.574 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 493,511.222 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 108,963.488 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 119,300.351 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 114,131.920 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 56,763.257 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 62,763.777 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 59,763.517 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0.820 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0.860 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0.780 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance in Q2 2025: As highlighted in the latest earnings call transcript, PECO reported robust financial results for Q2 2025, exceeding expectations with key metrics showing growth. This performance underscores the company’s operational efficiency and ability to deliver consistent value to shareholders.
- Positive Guidance and Strategic Confidence: The company raised its full-year guidance during the Q2 2025 earnings call, reflecting management’s confidence in sustained growth and effective strategic positioning within the market, which could bolster investor sentiment.
- Healthy Profitability Metrics: Based on key metrics (TTM), PECO demonstrates strong gross profit margin and net profit margin, indicating efficient cost management and profitability compared to industry peers in the real estate sector.
- Stable Cash Flow Generation: Analysis of cash flow statements reveals consistent net cash provided by operating activities and positive free cash flow, providing financial flexibility for reinvestment or dividend payments.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates PECO intrinsic value between $25.77 – $50.11 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about PECO valuation
Is Phillips Edison & Company, Inc. (PECO) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Phillips Edison & Company, Inc. (PECO) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is PECO a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PECO trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is PECO’s P/E ratio?
You can see PECO’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for PECO?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PECO a good long-term investment?
Whether PECO fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PECO
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Daily snapshot
0.78
Trading Metrics:
| Open: | 37.01 | Previous Close: | 37.24 | |
| Day Low: | 37 | Day High: | 37.55 | |
| Year Low: | 32.4 | Year High: | 40.06 | |
| Price Avg 50: | Price Avg 200: | |||
| Volume: | Average Volume: |
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