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Companies / Real Estate / Phillips Edison & Company, Inc.
PECO

Phillips Edison & Company, Inc.

Ticker PECOCINCINNATI, OHFiscal year ends DecemberBook value per share $18.86Diluted shares 127.8M

Phillips Edison & Company, Inc. (Nasdaq: PECO) is a real estate investment trust that owns, operates and manages grocery-anchored neighborhood shopping centers, with a growing focus on unanchored everyday retail centers. Its tenants include national, regional and local retailers, primarily offering consumers… From the company’s description.

Over the twelve months to Sep 30, 2026, Phillips Edison & Company, Inc. reported revenue of $761.31M, up 7.0% from a year earlier, and net income of $199.72M. Its operating margin was 29.5%, and operations generated $355.12M in cash. In fiscal 2025, it reported revenue of $726.59M, up 9.9% from fiscal 2024, and net income of $122.97M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$726.59MFY2025
+9.9% year over year
Last 12 mo $761.31M
27.37%FY2025
+1.3 percentage points
Last 12 mo 29.50%
$122.97MFY2025
+76.4% year over year
Last 12 mo $199.72M
4.87%FY2025
+2.2 percentage points
Last 12 mo 7.54%
Cash & financing
$348.15MFY2025
+4.0% year over year
Last 12 mo $355.12M
$-148.21MFY2025
−161.7% year over year
Last 12 mo $-305.42M
1.04FY2025
Was 0.91× a year earlier
Last 12 mo 1.05
125.1MFY2025
+1.7% year over year
Last 12 mo 127.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Phillips Edison & Company, Inc. does

In the company’s own words

Phillips Edison & Company, Inc. (Nasdaq: PECO) is a real estate investment trust that owns, operates and manages grocery-anchored neighborhood shopping centers, with a growing focus on unanchored everyday retail centers. Its tenants include national, regional and local retailers, primarily offering consumers necessity-based goods and services. The company also provides property management and advisory services to institutional joint ventures and a private fund. It reports its operations as a single segment. As of December 31, 2025, its managed portfolio comprised approximately 36.7 million square feet across 31 states, including 297 wholly owned centers and properties held through three unconsolidated joint ventures. Its vertically integrated operations include leasing, property management, development and redevelopment. Its website is www.phillipsedison.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
CINCINNATI, OH
Fiscal year end
December
CIK
1476204
SIC
6798

Financial performance, year by year

Fiscal 2011–2025 · USD
$-156.24M$94.00M$344.24M$594.48M$844.72M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Phillips Edison & Company, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

325
funds hold it
0 of 35
superinvestors hold it
$2.47B
held by funds, at market
46.6%
of shares held by funds

Largest fund holders · Phillips Edison & Company, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.28%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.17%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.06%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Phillips Edison & Company, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Phillips Edison & Company, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
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