Phillips Edison & Company (PECO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Phillips Edison & Company

NasdaqGS•Real Estate•REIT - Retail

$37.80-0.18(<0.01%)Pre-market

Market Cap

$4.69B

P/E

32.6x

P/S

6.2x

P/B

2.0x

Phillips Edison & Company, Inc. (PECO) is one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers. 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, 2026, PECO managed 330 shopping centers, including 302 wholly owned centers comprising 33.9 million square feet across 31 states and 28 shopping centers owned in three institutional joint ventures. PECO is focused on creating great grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time. Phillips Edison & Company, Inc. was incorporated in 1991 and is based in Cincinnati, Ohio.

How this company scores

GoodMetricSide Score: 62/100

Strongest: Profitability (21/25); weakest: Cash & Earnings Quality (10/25).

Profitability21/25

Growth19/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality10/25

Strengths

Strong marginsRising earningsProfit converts from growthConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 32.6x5y range 32.6x – 369.8x

Currently below its 20-quarter median.

P/S · 6.2x5y range 5.6x – 7.3x

Currently near its 20-quarter median.

P/B · 2.0x5y range 1.4x – 2.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Watch

5 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Price & Volume

Market Cap $4.69B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $750.89M
Q. Revenue: $189.62M
TTM EBITDA: $883.69M
TTM Op. Income: $621.43M
Q. Op. Income: $157.54M
TTM Net Income: $143.71M
Q. Net Income: $41.12M
EPS: $0.33
Shares Out.: $126.28M

$750.89M in TTM revenue grew 8.1% YoY, reaching $189.62M last quarter. TTM EBITDA of $883.69M and TTM operating income of $621.43M show growth is flowing through to the bottom line. TTM net income of $143.71M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 118.3%
Op. Margin: 83.1%
Net Margin: 21.7%

Op. margin of 83.1% is down 0.4% YoY — costs are rising relative to revenue. Net margin at 21.7% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 32.6x
P/S Ratio: 6.2x
P/B Ratio: 2.0x

At 32.6x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 6.2x and P/B of 2.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 49% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.44B
Cash: $7.13M
Long-Term Debt: $2.45B
Book Value: $2.37B
D/E Ratio: 1.0
Debt/EBITDA: 10.9

With $5.44B in assets and $2.45B in long-term debt, D/E is 1.0and book value is $2.37B — moderate leverage. Over the past year, debt/equity is down 1% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $118.03M
TTM Free Cash Flow: $4.58M
FCF Margin: 0.6%
FCF / Net Income: 0.0

TTM FCF of $4.58M on $118.03M in operating cash flow. The FCF / Net Income ratio of 0.0x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.