Revenue
$193.09M
Fiscal year ended 2026-09-30Operating income
Unavailable
Fiscal year ended 2026-09-30Free cash flow
Unavailable
Fiscal year ended 2026-09-30Valuation, from the filing
| Public float | $4.40B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $34.98 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 39.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 6.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
39.5× earnings today, against a median of 67.1× across 4 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $4.40B | 39.5× | |
| 2024-06-28 | $4.00B | 63.8× | |
| 2023-06-30 | $4.00B | 70.4× | |
| 2022-06-30 | $3.90B | 80.7× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Real Estate Investment Trusts filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Revenue YoY growth | 9.9% | 78th | |
| Net margin | 15.3% | 58th | |
| Long-term debt / equity | 0.92x | 44th | |
| SBC / revenue | 1.6% | 46th |
Phillips Edison & Company, Inc. (PECO) reported revenue of $193.09M and net income of $62.68M for the fiscal year ended 2026-09-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Phillips Edison & Company, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.
Income
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $193.09M | $189.62M | $190.74M | $3.38M | $182.67M | $177.75M | $178.31M | $2.79M | $165.53M | $161.52M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $62.68M | $41.12M | $30.38M | $47.52M | $24.68M | $12.78M | $26.31M | $18.14M | $11.60M | $15.27M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 141.31M | shares 139.19M | shares 138.98M | Unavailable | shares 138.86M | shares 138.91M | shares 138.64M | Unavailable | shares 136.58M | shares 136.44M |
| Pretax income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Income tax expense | $200.00K | $200.00K | $200.00K | $700.00K | $200.00K | $200.00K | $100.00K | $800.00K | $400.00K | $500.00K |
| Diluted EPS | $0.49 | $0.33 | $0.24 | Unavailable | $0.20 | $0.10 | $0.21 | Unavailable | $0.09 | $0.12 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $11.91M | $13.58M | $11.94M | $13.88M | $12.75M | $12.92M | $12.09M | $11.55M | $11.11M | $11.13M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $8.90M | $7.13M | $3.14M | $3.54M | $4.08M | $5.59M | $5.46M | $4.88M | $6.45M | $7.06M |
| Total assets | $5.55B | $5.44B | $5.35B | $5.29B | $5.26B | $5.27B | $5.16B | $5.05B | $4.95B | $4.91B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $2.85B | $2.78B | $2.77B | $2.70B | $2.68B | $2.68B | $2.54B | $2.41B | $2.37B | $2.29B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $2.70B | $2.67B | $2.58B | $2.59B | $2.58B | $2.59B | $2.62B | $2.63B | $2.58B | $2.62B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $29.07M | $29.07M | $29.07M | $29.07M | $29.07M | $29.07M | $29.07M | $29.07M | $29.07M | $29.07M |
| Long-term debt | $2.52B | $2.45B | $2.49B | $2.38B | $2.39B | $2.39B | $2.28B | $2.11B | $2.10B | $2.04B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $85.47M | $118.03M | $55.56M | $96.06M | $95.42M | $96.12M | $60.54M | $84.00M | $109.11M | $78.46M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$128.58M | -$108.72M | -$127.84M | -$16.98M | -$46.19M | -$165.57M | -$163.56M | -$133.32M | -$116.38M | -$76.60M |
| Financing cash flow | $31.07M | -$1.71M | $51.34M | -$41.58M | -$52.60M | $70.77M | $102.22M | $48.64M | $5.66M | -$1.01M |
| Net change in cash | -$12.04M | $7.60M | -$20.95M | $37.50M | -$3.36M | $1.32M | -$796.00K | -$684.00K | -$1.62M | $851.00K |
| Stock-based compensation | $3.49M | $3.57M | $2.22M | $3.15M | $3.17M | $3.16M | $2.21M | $2.72M | $2.16M | $3.22M |
| Common dividends paid | $42.86M | $41.16M | $54.73M | $27.42M | $39.55M | $38.76M | $51.55M | $25.43M | $48.57M | $24.04M |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $68.86M | $66.84M | $65.53M | $64.29M | $65.60M | $71.20M | $65.27M | $63.31M | $68.33M | $61.17M |
Derived
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 1.8% | 1.9% | 1.2% | 93.2% | 1.7% | 1.8% | 1.2% | 97.4% | 1.3% | 2.0% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | 5.7% | 6.7% | 7.0% | 21.2% | 10.4% | 10.1% | 10.5% | -98.2% | 8.6% | 6.2% |
| Net margin | 32.5% | 21.7% | 15.9% | 1406.9% | 13.5% | 7.2% | 14.8% | 650.7% | 7.0% | 9.5% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 0.93x | Unavailable | Unavailable | 0.92x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open PECO in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-10-27View SEC filing
10-Q · Filed 2026-07-24View SEC filing
10-Q · Filed 2026-04-24View SEC filing
10-K · Filed 2026-02-10View SEC filing
10-Q · Filed 2025-10-24View SEC filing
10-Q · Filed 2025-07-25View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.