PECO - Phillips Edison & Company, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$41.40
DETAILS
HIGH:
$45.00
LOW:
$37.00
MEDIAN:
$43.00
CONSENSUS:
$41.40
UPSIDE:
2.73%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 732.3 | 661.4 | 610.1 | 575.4 | 532.8 | 498.0 | 536.7 | 430.4 | 311.5 | 257.7 | 242.1 | 188.2 | 73.2 | 17.6 | (0.1) |
| Cost of Revenue | 742.5 | 190.3 | 175.1 | 163.2 | 158.3 | 154.5 | 161.1 | 132.5 | 97.3 | 78.5 | 79.1 | 75.6 | 40.3 | 9.0 | 0 |
| Gross Profit | (10.2) | 471.1 | 435.0 | 412.1 | 374.6 | 343.5 | 375.6 | 297.8 | 214.3 | 179.2 | 163.0 | 112.6 | 32.8 | 8.6 | (0.1) |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 51.6 | 45.6 | 44.4 | 45.2 | 48.8 | 41.4 | 48.5 | 50.4 | 60.9 | 36.3 | 15.8 | 36.5 | 4.3 | 1.7 | 0 |
| Other Expenses | (260.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | (209.0) | 45.6 | 44.4 | 45.2 | 48.8 | 41.4 | 48.5 | 50.4 | 60.9 | 36.3 | 15.8 | 36.5 | 4.3 | 9.8 | 0 |
| Operating Income | |||||||||||||||
| Operating Income | 198.8 | 425.5 | 390.6 | 366.9 | 325.7 | 302.1 | 327.1 | 247.4 | 153.3 | 142.9 | 147.2 | 76.1 | 28.5 | (1.3) | 0 |
| Interest Expense | 110.2 | 95.7 | 83.9 | 71.2 | 76.4 | 85.3 | 103.2 | 72.6 | 45.7 | 32.5 | 32.4 | 20.4 | 10.5 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.0 | 0 |
| Profitability | |||||||||||||||
| EBITDA | 505.7 | 411.0 | 380.3 | 355.6 | 322.1 | 299.0 | 322.9 | 243.5 | 150.8 | 138.9 | 143.2 | 73.6 | 27.8 | 7.0 | 1.0 |
| EBIT | 239.4 | 172.4 | 154.2 | 130.7 | 104.3 | 77.4 | 90.2 | 56.2 | 22.7 | 36.8 | 45.7 | (3.0) | (2.0) | (1.3) | (0.8) |
| Income Before Tax | 124.3 | 71.5 | 64.2 | 54.5 | 17.2 | 5.5 | (72.8) | 47.0 | (41.7) | 9.0 | 13.6 | (22.6) | (12.3) | (4.3) | (2.4) |
| Income Tax Expense | 1.3 | 1.8 | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.4 |
| Net Income | 111.3 | 62.7 | 56.8 | 48.3 | 15.1 | 4.8 | (63.5) | 39.1 | (38.4) | 8.9 | 13.4 | (22.6) | (12.4) | (3.3) | (2.4) |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 0.90 | 0.51 | 0.48 | 0.42 | 0.15 | 0.05 | -0.67 | 0.60 | -0.63 | 0.15 | 0.22 | -0.38 | -0.53 | -1.54 | – |
| EPS (Diluted) | 0.89 | 0.51 | 0.48 | 0.42 | 0.13 | 0.05 | -0.67 | 0.59 | -0.64 | 0.15 | 0.22 | -0.39 | -0.54 | -1.54 | – |
| Shares Outstanding | 124.2 | 123.1 | 118.6 | 115.5 | 102.4 | 97.1 | 94.6 | 66.6 | 60.1 | 61.5 | 61.2 | 58.0 | 23.0 | 2.2 | 0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 3.5 | 4.9 | 4.9 | 5.5 | 92.6 | 104.3 | 17.8 | 16.8 | 5.7 | 8.2 |
| Short-Term Investments | 16.4 | 0 | 8.6 | 7.8 | 5.6 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 134.2 | 119.4 | 107.6 | 89.9 | 77.7 | 79.7 | 76.1 | 5.1 | 65.5 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 1.6 | 0 | 6.0 | 17.4 | (16.5) | (11.9) |
| Other Current Assets | 39.8 | 21.3 | 4.0 | (2.7) | 11.3 | 18.9 | 1.1 | 67.5 | 21.7 | 44.7 |
| Total Current Assets | 193.9 | 145.6 | 125.1 | 115.1 | 200.3 | 211.7 | 101.1 | 106.8 | 97.2 | 49.9 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 30.1 | 4,575.2 | 24.1 | 23.1 | 24.8 | 21.6 | 19.4 | 14.3 | 10.3 | 2,249.7 |
| Goodwill | 29.1 | 29.1 | 29.1 | 29.1 | 29.1 | 29.1 | 29.1 | 29.1 | 29.1 | 0 |
| Intangible Assets | 6.7 | 206.6 | 6.7 | 6.7 | 6.7 | 6.8 | 2.4 | 14.1 | 55.1 | 43.0 |
| Long-Term Investments | 49.4 | 45.9 | 32.1 | 37.0 | 34.3 | 37.4 | 42.9 | 45.7 | 0.9 | (2,380.2) |
| Other Non-Current Assets | 4,977.3 | 43.9 | 4,648.7 | 4,524.6 | 4,373.5 | 4,372.1 | 126.3 | (209.9) | 37.4 | 37.6 |
| Total Non-Current Assets | 5,092.5 | 4,900.6 | 4,740.6 | 4,620.4 | 4,468.4 | 4,466.9 | 4,727.0 | 5,056.7 | 3,428.9 | 2,330.2 |
| Total Assets | 5,286.4 | 5,046.2 | 4,865.7 | 4,735.5 | 4,668.8 | 4,678.6 | 4,828.2 | 5,163.5 | 3,526.1 | 2,380.2 |
| Current Liabilities | ||||||||||
| Account Payables | 180.3 | 145.4 | 116.5 | 113.2 | 97.2 | 176.9 | 124.1 | 123.0 | 102.6 | 56.2 |
| Short-Term Debt | 92 | 37.6 | 181 | 79 | 0 | 0 | 0 | 73.4 | 61.6 | 0 |
| Deferred Revenue | 23.0 | 22.9 | 18.4 | 18.5 | 19.1 | 14.6 | 16.0 | 14.0 | 0 | (177.0) |
| Other Current Liabilities | 0 | (10.7) | 0 | 0 | 0.3 | 0 | 0 | (83.8) | (67.9) | (51.6) |
| Total Current Liabilities | 295.4 | 195.6 | 315.8 | 210.7 | 116.7 | 191.5 | 140.0 | 126.7 | 149.8 | 56.2 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 2,282.8 | 2,071.9 | 1,788.0 | 1,817.0 | 1,891.0 | 2,292.4 | 2,353.7 | 2,438.8 | 1,807.0 | 879.2 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 5.0 | 132.7 | 90.6 | 43.0 |
| Other Non-Current Liabilities | 0 | 140.4 | 0 | 0 | 76.5 | 76.8 | 37.0 | 38.4 | 90.6 | 181.6 |
| Total Non-Current Liabilities | 2,401.7 | 2,216.6 | 1,896.5 | 1,927.4 | 2,075.8 | 2,471.1 | 2,519.4 | 2,623.9 | 1,897.6 | 1,099.2 |
| Total Liabilities | 2,697.1 | 2,412.2 | 2,212.3 | 2,138.1 | 2,192.4 | 2,662.6 | 2,659.4 | 2,750.6 | 2,047.4 | 1,155.4 |
| Stockholders' Equity | ||||||||||
| Common Stock | 1.3 | 1.3 | 1.2 | 1.2 | 1.1 | 2.8 | 2.9 | 2.8 | 1.9 | 1.9 |
| Retained Earnings | (1,379.3) | (1,332.4) | (1,248.3) | (1,169.7) | (1,090.8) | (999.5) | (947.3) | (692.0) | (601.2) | (438.2) |
| Accumulated Other Comprehensive Income | 0.4 | 4.3 | 10.5 | 21.0 | (24.8) | (52.3) | (20.8) | 12.4 | 16.5 | 10.6 |
| Total Stockholders' Equity | 2,286.6 | 2,319.9 | 2,310.3 | 2,236.5 | 2,149.5 | 1,690.4 | 1,814.0 | 1,998.0 | 1,046.2 | 1,201.4 |
| Total Liabilities & Equity | 5,286.4 | 5,046.2 | 4,865.7 | 4,735.5 | 4,668.8 | 4,678.6 | 4,828.2 | 5,163.5 | 3,526.1 | 2,380.2 |
| Debt Metrics | ||||||||||
| Total Debt | 2,493.7 | 2,114.3 | 2,077.5 | 2,006.4 | 1,999.2 | 2,394.4 | 2,466.4 | 2,512.2 | 1,807.0 | 1,056.2 |
| Net Debt | 2,490.1 | 2,109.4 | 2,072.6 | 2,000.9 | 1,906.7 | 2,290.1 | 2,448.6 | 2,495.4 | 1,801.3 | 1,047.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 123.0 | 62.7 | 56.8 | 54.5 | 17.2 | 5.5 | (72.8) | 47.0 | (41.7) | 9.0 |
| Depreciation & Amortization | 257.7 | 253.0 | 236.4 | 231.9 | 217.9 | 221.5 | 232.7 | 187.3 | 128.9 | 103.3 |
| Stock-Based Compensation | 11.7 | 9.7 | 9.4 | 15.4 | 16.4 | 5.9 | 7.7 | 5.1 | 27.4 | 0 |
| Change in Working Capital | (2.7) | 9.7 | (9.4) | (0.2) | 4.0 | (15.9) | (12.3) | (19.9) | 1.0 | (3.9) |
| Other Non-Cash Items | (41.5) | (0.4) | (2.3) | (10.8) | 26.4 | 5.4 | 71.6 | (66.2) | 20.6 | (5.3) |
| Operating Cash Flow | 348.1 | 334.7 | 291.0 | 290.9 | 262.9 | 210.6 | 226.9 | 153.3 | 108.9 | 103.1 |
| Investing Activities | ||||||||||
| Capital Expenditure | (136.1) | (95.1) | (95.3) | (104.5) | (75.0) | (64.0) | (75.5) | (49.0) | (201.8) | (227.2) |
| Acquisitions | (11.8) | 0 | 0 | 4.2 | 5.0 | 3.5 | (11.7) | (201.7) | (456.7) | 0 |
| Purchases of Investments | (8.3) | 0 | 0 | (3) | (8.5) | (41.5) | 0 | (87.1) | (159.7) | (201.1) |
| Sales/Maturities of Investments | 0.1 | 5.8 | 0 | 52.0 | 75.0 | 57.9 | 0 | 78.7 | 37.8 | 1.0 |
| Other Investing Activities | (236.1) | (303.7) | (258.1) | (279.9) | (177.0) | 0 | 151.4 | (8.2) | 37.8 | 1.0 |
| Investing Cash Flow | (392.3) | (392.9) | (353.4) | (331.2) | (180.5) | (44.1) | 64.2 | (258.9) | (620.7) | (226.2) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 252.7 | 133.6 | 58.5 | (2.9) | (407.7) | (65.0) | (92.8) | 332.6 | 656.2 | 180.1 |
| Stock Repurchased | 0 | 0 | 0 | 0 | (77.8) | (5.3) | (34.7) | (53.2) | (46.5) | (20.3) |
| Dividends Paid | (157.3) | (134.0) | (135.7) | (127.1) | (106.7) | (49.3) | (123.1) | (80.7) | (74.2) | (64.3) |
| Other Financing Activities | (16.6) | (16.1) | (17.9) | (17.9) | (15.0) | (10.1) | (29.7) | (36.3) | (26.1) | (4.8) |
| Financing Cash Flow | 78.8 | 58.0 | 53.9 | (57.8) | (98.8) | (129.7) | (280.3) | 162.4 | 509.4 | 90.7 |
| Cash Position | ||||||||||
| Net Change in Cash | 34.7 | (0.2) | (8.5) | (98.2) | (16.4) | 36.8 | 10.8 | 56.9 | (2.5) | (32.5) |
| Cash at Beginning | 8.6 | 8.9 | 17.3 | 115.5 | 131.9 | 95.1 | 84.3 | 27.4 | 8.2 | 40.7 |
| Cash at End | 43.3 | 8.6 | 8.9 | 17.3 | 115.5 | 131.9 | 95.1 | 84.3 | 5.7 | 8.2 |
| Free Cash Flow | 212.0 | 239.6 | 195.7 | 186.4 | 187.9 | 146.6 | 151.4 | 104.3 | (93.0) | (124.2) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 732.3 | 661.4 | 610.1 | 575.4 | 532.8 | 498.0 | 536.7 | 430.4 | 311.5 | 257.7 | 242.1 | 188.2 | 73.2 | 17.6 | (0.1) |
| Gross Profit | (10.2) | 471.1 | 435.0 | 412.1 | 374.6 | 343.5 | 375.6 | 297.8 | 214.3 | 179.2 | 163.0 | 112.6 | 32.8 | 8.6 | (0.1) |
| Operating Income | 198.8 | 425.5 | 390.6 | 366.9 | 325.7 | 302.1 | 327.1 | 247.4 | 153.3 | 142.9 | 147.2 | 76.1 | 28.5 | (1.3) | 0 |
| Net Income | 111.3 | 62.7 | 56.8 | 48.3 | 15.1 | 4.8 | (63.5) | 39.1 | (38.4) | 8.9 | 13.4 | (22.6) | (12.4) | (3.3) | (2.4) |
| EPS (Diluted) | 0.89 | 0.51 | 0.48 | 0.42 | 0.13 | 0.05 | -0.67 | 0.59 | -0.64 | 0.15 | 0.22 | -0.39 | -0.54 | -1.54 | – |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 3.5 | 4.9 | 4.9 | 5.5 | 92.6 | 104.3 | 17.8 | 16.8 | 5.7 | 8.2 | |||||
| Total Assets | 5,286.4 | 5,046.2 | 4,865.7 | 4,735.5 | 4,668.8 | 4,678.6 | 4,828.2 | 5,163.5 | 3,526.1 | 2,380.2 | |||||
| Total Debt | 2,493.7 | 2,114.3 | 2,077.5 | 2,006.4 | 1,999.2 | 2,394.4 | 2,466.4 | 2,512.2 | 1,807.0 | 1,056.2 | |||||
| Stockholders' Equity | 2,286.6 | 2,319.9 | 2,310.3 | 2,236.5 | 2,149.5 | 1,690.4 | 1,814.0 | 1,998.0 | 1,046.2 | 1,201.4 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 348.1 | 334.7 | 291.0 | 290.9 | 262.9 | 210.6 | 226.9 | 153.3 | 108.9 | 103.1 | |||||
| Capital Expenditure | (136.1) | (95.1) | (95.3) | (104.5) | (75.0) | (64.0) | (75.5) | (49.0) | (201.8) | (227.2) | |||||
| Free Cash Flow | 212.0 | 239.6 | 195.7 | 186.4 | 187.9 | 146.6 | 151.4 | 104.3 | (93.0) | (124.2) | |||||