PECO - Phillips Edison & Company, Inc. Stock Price, Fair Value and News

33.22USD-0.27 (-0.81%)Market Closed

Market Summary

USD33.22-0.27

Market Closed

-0.81%

PECO Stock Price

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PECO RSI Chart

PECO Valuation

Market Cap

4.1B

Price/Earnings (Trailing)

71.41

Price/Sales (Trailing)

6.65

Price/Free Cashflow

13.95

PECO Price/Sales (Trailing)

PECO Profitability

Return on Equity

2.46%

Return on Assets

1.17%

Free Cashflow Yield

7.17%

PECO Fundamentals

PECO Revenue

Revenue (TTM)

610.1M

Rev. Growth (Yr)

6.49%

Rev. Growth (Qtr)

1.3%

PECO Earnings

Earnings (TTM)

56.8M

Earnings Growth (Yr)

-1.06%

Earnings Growth (Qtr)

10.52%

Breaking Down PECO Revenue

Last 7 days

3.4%

Last 30 days

-5.5%

Last 90 days

-4.9%

Trailing 12 Months

8.4%

How does PECO drawdown profile look like?

PECO Financial Health

Debt/Equity

0.85

Debt/Cashflow

0.15

PECO Investor Care

Dividend Yield

3.42%

Dividend/Share (TTM)

1.14

Shares Dilution (1Y)

4.18%

Diluted EPS (TTM)

0.48

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	584.3M	593.9M	600.7M	610.1M
2022	544.6M	554.1M	567.4M	575.4M
2021	496.9M	510.9M	516.5M	532.8M
2020	535.5M	521.9M	512.6M	498.0M
2019	460.0M	488.4M	519.5M	536.7M
2018	346.4M	380.8M	415.0M	430.4M
2017	263.0M	269.7M	275.1M	311.5M
2016	246.2M	250.1M	253.5M	257.7M
2015	211.5M	226.8M	238.6M	242.1M
2014	97.6M	126.4M	156.2M	188.2M
2013	26.6M	38.6M	53.6M	73.2M
2012	5.1M	7.6M	11.9M	17.6M
2011	955.8K	1.8M	2.7M	3.5M
2010	0	0	0	98.0K

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Tracking the Latest Insider Buys and Sells of Phillips Edison & Company, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 01, 2024	robison jennifer l	acquired	-	-	4,698	chief accounting officer & svp
Mar 01, 2024	robison jennifer l	sold (taxes)	-23,365	35.51	-658	chief accounting officer & svp
Jan 01, 2024	myers robert f.	sold (taxes)	-32,722	36.48	-897	president
Jan 01, 2024	caulfield john p	sold (taxes)	-14,847	36.48	-407	cfo, evp & treasurer
Jan 01, 2024	edison jeffrey	sold (taxes)	-104,333	36.48	-2,860	chairman and ceo
Jan 01, 2024	brady tanya	sold (taxes)	-5,873	36.48	-161	evp, gc & secretary
Jan 01, 2024	robison jennifer l	sold (taxes)	-18,130	36.48	-497	chief accounting officer & svp
Dec 31, 2023	myers robert f.	sold (taxes)	-132,131	36.48	-3,622	president
Dec 31, 2023	edison jeffrey	sold (taxes)	-518,819	36.48	-14,222	chairman and ceo
Dec 31, 2023	brady tanya	sold (taxes)	-32,029	36.48	-878	evp, gc & secretary

Which funds bought or sold PECO recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Bell Bank	unchanged	-	-13,478	792,548	0.07%
Apr 23, 2024	Venturi Wealth Management, LLC	unchanged	-	-899	52,837	-%
Apr 23, 2024	McAdam, LLC	reduced	-3.36	-320,650	6,128,140	0.39%
Apr 23, 2024	FIFTH THIRD BANCORP	added	14.86	699	6,098	-%
Apr 23, 2024	Gradient Investments LLC	sold off	-100	-147,963	-	-%
Apr 23, 2024	Global Retirement Partners, LLC	unchanged	-	1,930	92,329	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-16.92	-306,000	1,363,000	0.01%
Apr 23, 2024	Revisor Wealth Management LLC	new	-	691,956	691,956	0.31%
Apr 23, 2024	Louisiana State Employees Retirement System	added	1.00	-14,956	2,166,550	0.04%
Apr 23, 2024	FirstPurpose Wealth LLC	reduced	-10.6	-827,927	3,562,040	1.29%

Are Funds Buying or Selling PECO?

Are funds buying PECO calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PECO

No. of Funds

Unveiling Phillips Edison & Company, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	15.69%	18,759,585	SC 13G/A
Feb 09, 2024	massachusetts financial services co /ma/	2.6%	3,087,214	SC 13G/A
Feb 08, 2024	wellington management group llp	6.76%	8,083,622	SC 13G/A
Jan 29, 2024	state street corp	5.58%	6,674,943	SC 13G
Jan 19, 2024	blackrock inc.	17.8%	21,259,846	SC 13G/A
Jul 07, 2023	blackrock inc.	18.1%	21,283,920	SC 13G/A
Feb 09, 2023	janus henderson group plc	0.8%	979,810	SC 13G/A
Feb 09, 2023	vanguard group inc	14.60%	17,097,620	SC 13G/A
Feb 08, 2023	massachusetts financial services co /ma/	5.0%	5,907,063	SC 13G
Feb 06, 2023	wellington management group llp	7.89%	9,238,506	SC 13G/A

Recent SEC filings of Phillips Edison & Company, Inc.

View All Filings

Date Filed	Form Type	Document
Mar 21, 2024	ARS	ARS
Mar 21, 2024	DEF 14A	DEF 14A
Mar 21, 2024	DEFA14A	DEFA14A
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Feb 21, 2024	8-K	Current Report

Phillips Edison & Company, Inc. News

Latest updates

Phillips Edison & Company, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	1.3%	154	152	152	151	145	146	143	142	137	132	133	130	121	127	119	132	135	136	133	133	118
Operating Expenses	3.2%	116	112	114	113	112	112	111	110	114	104	108	108	111	104	102	106	121	147	137	128	118
S&GA Expenses	3.6%	11.00	10.00	12.00	12.00	11.00	11.00	11.00	12.00	16.00	12.00	12.00	9.00	11.00	10.00	10.00	11.00	10.00	12.00	14.00	13.00	13.00
Interest Expenses	4.9%	23.00	22.00	21.00	19.00	18.00	18.00	17.00	18.00	19.00	19.00	19.00	20.00	20.00	20.00	22.00	23.00	27.00	25.00	26.00	25.00	21.00
Net Income	10.5%	14.00	12.00	14.00	17.00	14.00	11.00	14.00	10.00	-5.21	15.00	6.00	0.00	-11.19	12.00	-5.59	10.00	4.00	-25.88	-36.57	-5.19	65.00
Net Income Margin	-1.8%	0.09*	0.09*	0.09*	0.09*	0.08*	0.05*	0.06*	0.05*	0.03*	0.02*	0.01*	-0.01*	0.01*	0.04*	-	-	-	-	-	-	-
Free Cashflow	-18.8%	72.00	89.00	68.00	63.00	62.00	86.00	82.00	60.00	65.00	68.00	81.00	49.00	53.00	67.00	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	3.1%	4,866	4,718	4,741	4,787	4,735	4,730	4,695	4,640	4,669	4,492	4,506	4,567	4,679	4,722	4,702	4,767	4,828	4,895	4,976	5,057	5,163
Cash Equivalents	29.0%	5.00	4.00	6.00	6.00	5.00	5.00	25.00	5.00	93.00	24.00	22.00	20.00	132	104	53.00	37.00	95.00	30.00	18.00	13.00	84.00
Goodwill	0%	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00	29.00
Liabilities	4.8%	2,212	2,111	2,179	2,214	2,138	2,116	2,100	2,103	2,192	1,994	2,510	2,557	2,663	2,614	2,615	2,673	2,659	2,747	2,734	2,708	2,751
Long Term Debt	5.3%	1,969	1,870	1,951	1,967	1,897	1,873	1,877	1,876	1,892	1,699	2,228	2,277	2,293	2,319	2,321	2,356	2,354	2,422	2,423	2,416	2,439
Shareholder's Equity	2.4%	2,310	2,257	2,562	2,573	2,236	2,615	2,595	2,538	2,476	2,498	1,995	2,009	2,016	2,108	2,087	2,094	2,169	2,148	2,242	2,349	2,412
Retained Earnings	-1.8%	-1,248	-1,226	-1,204	-1,186	-1,169	-1,150	-1,129	-1,111	-1,090	-1,054	-1,041	-1,023	-999	-980	-991	-986	-947	-904	-830	-745	-692
Additional Paid-In Capital	2.5%	3,547	3,462	3,388	3,382	3,384	3,382	3,342	3,276	3,264	3,262	2,750	2,747	2,739	2,797	2,795	2,794	2,779	2,718	2,719	2,694	2,675
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	94.00	94.00	93.00	290	290	290	96.00	284	-	-	-
Minority Interest	-2.2%	343	351	356	360	361	361	372	372	327	324	323	325	326	344	341	342	355	361	371	398	415
Float	-	-	-	4,000	-	-	-	3,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-18.8%	71,980	88,598	67,627	62,763	62,127	86,264	82,278	60,221	64,589	68,416	81,146	48,751	53,331	67,339	54,293	35,613	50,993	75,813	58,825	41,244	31,255
Share Based Compensation	42.3%	1,856	1,304	3,234	472	4,051	4,168	4,041	3,146	7,563	3,986	3,735	1,110	2,015	1,854	2,141	-149	1,745	2,178	2,521	1,272	1,385
Cashflow From Investing	-426.4%	-207,047	-39,336	-15,585	-91,418	-54,970	-90,382	-79,396	-106,497	-218,326	-12,002	45,147	4,690	-30,531	-7,095	-4,053	-2,413	73,485	17,685	-55,365	28,378	-242,612
Cashflow From Financing	366.4%	135,706	-50,939	-54,090	23,270	-14,254	-15,123	23,336	-51,784	155,051	-53,600	-77,145	-123,125	-27,661	-2,776	-55,485	-43,733	-115,436	-59,988	-37,662	-67,168	261,722
Dividend Payments	4.1%	35,408	34,020	33,045	33,276	32,965	32,139	31,053	30,926	31,030	27,361	24,012	24,296	248	-	16,291	32,792	30,651	31,697	30,655	30,132	19,603
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	77,765	56.00	-	35.00	5,176	4,762	18,210	5,994	5,444	3,780

PECO Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Rental income	$ 597,501	$ 560,538	$ 519,495
Fees and management income	9,646	11,541	10,335
Other property income	2,977	3,293	3,016
Total revenues	610,124	575,372	532,846
Operating Expenses:
Property operating	102,303	95,359	92,914
Real estate taxes	72,816	67,864	65,381
General and administrative	44,366	45,235	48,820
Depreciation and amortization	236,443	236,224	221,433
Impairment of real estate assets	0	322	6,754
Total operating expenses	455,928	445,004	435,302
Other:
Interest expense, net	(84,232)	(71,196)	(76,371)
Gain on disposal of property, net	1,110	7,517	30,421
Other expense, net	(7,312)	(12,160)	(34,361)
Net income	63,762	54,529	17,233
Net income attributable to noncontrolling interests	(6,914)	(6,206)	(2,112)
Net income attributable to stockholders	$ 56,848	$ 48,323	$ 15,121
Earnings per share of common stock:
Net income per share attributable to stockholders - basic (in dollars per share)	$ 0.48	$ 0.42	$ 0.15
Net income per share attributable to stockholders - diluted (in dollars per share)	$ 0.48	$ 0.42	$ 0.15
Comprehensive income:
Net income	$ 63,762	$ 54,529	$ 17,233
Other comprehensive (loss) income:
Change in unrealized value on interest rate swaps	(11,816)	51,285	32,000
Comprehensive income	51,946	105,814	49,233
Net income attributable to noncontrolling interests	(6,914)	(6,206)	(2,112)
Change in unrealized value on interest rate swaps attributable to noncontrolling interests	1,265	(5,736)	(4,500)
Reallocation of comprehensive income (loss) upon conversion of noncontrolling interests	71	273	(13)
Comprehensive income attributable to stockholders	$ 46,368	$ 94,145	$ 42,608

PECO Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investment in real estate:
Land and improvements	$ 1,768,487	$ 1,674,133
Building and improvements	3,818,184	3,572,146
In-place lease assets	495,525	471,507
Above-market lease assets	74,446	71,954
Total investment in real estate assets	6,156,642	5,789,740
Accumulated depreciation and amortization	(1,540,551)	(1,316,743)
Net investment in real estate assets	4,616,091	4,472,997
Investment in unconsolidated joint ventures	25,220	27,201
Total investment in real estate assets, net	4,641,311	4,500,198
Cash and cash equivalents	4,872	5,478
Restricted cash	4,006	11,871
Goodwill	29,066	29,066
Other assets, net	186,411	188,879
Total assets	4,865,666	4,735,492
Liabilities:
Debt obligations, net	1,969,272	1,896,594
Below-market lease liabilities, net	108,223	109,799
Accounts payable and other liabilities	116,461	113,185
Deferred income	18,359	18,481
Total liabilities	2,212,315	2,138,059
Commitments and contingencies (see Note 11)	0	0
Equity:
Preferred stock	0	0
Common stock	1,220	1,171
Additional paid-in capital (“APIC”)	3,546,838	3,383,978
Accumulated other comprehensive income (“AOCI”)	10,523	21,003
Accumulated deficit	(1,248,273)	(1,169,665)
Total stockholders’ equity	2,310,308	2,236,487
Noncontrolling interests	343,043	360,946
Total equity	2,653,351	2,597,433
Total liabilities and equity	$ 4,865,666	$ 4,735,492

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. (Ã‚â€œPECOÃ‚â€) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, 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 strong markets throughout the United States. PECO's top grocery anchors include Kroger, Publix, Albertsons and Ahold Delhaize. As of June 30, 2023, PECO managed 294 shopping centers, including 274 wholly-owned centers comprising 31.4 million square feet across 31 states and 20 shopping centers owned in one institutional joint venture. PECO is exclusively focused on creating great omni-channel, grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time.

CEO	Mr. Jeffrey S. Edison
WEBSITE	phillipsedison.com
INDUSTRY	REIT Mortgage
EMPLOYEES	290

Phillips Edison & Company, Inc. Frequently Asked Questions

What is the ticker symbol for Phillips Edison & Company, Inc.? What does PECO stand for in stocks?

PECO is the stock ticker symbol of Phillips Edison & Company, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Phillips Edison & Company, Inc. (PECO)?

As of Tue Apr 23 2024, market cap of Phillips Edison & Company, Inc. is 4.09 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PECO stock?

You can check PECO's fair value in chart for subscribers.

What is the fair value of PECO stock?

You can check PECO's fair value in chart for subscribers. The fair value of Phillips Edison & Company, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Phillips Edison & Company, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PECO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Phillips Edison & Company, Inc. a good stock to buy?

The fair value guage provides a quick view whether PECO is over valued or under valued. Whether Phillips Edison & Company, Inc. is cheap or expensive depends on the assumptions which impact Phillips Edison & Company, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PECO.

What is Phillips Edison & Company, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, PECO's PE ratio (Price to Earnings) is 71.99 and Price to Sales (PS) ratio is 6.71. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PECO PE ratio will change depending on the future growth rate expectations of investors.