Phillips Edison (PECO) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
661.4M
Gross Profit
471.1M
71.22%
Operating Income
170.6M
25.80%
Net Income
69.7M
10.54%
EPS (Diluted)
$0.51
Balance Sheet Metrics
Total Assets
5.0B
Total Liabilities
2.4B
Shareholders Equity
2.6B
Debt to Equity
0.92
Cash Flow Metrics
Operating Cash Flow
333.0M
Free Cash Flow
239.6M
Revenue & Profitability Trend
Phillips Edison Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 661.4M | 610.1M | 575.4M | 532.8M | 498.0M |
| Cost of Goods Sold | 190.3M | 175.1M | 163.2M | 158.3M | 154.5M |
| Gross Profit | 471.1M | 435.0M | 412.1M | 374.6M | 343.5M |
| Operating Expenses | 45.6M | 44.4M | 45.2M | 48.8M | 41.4M |
| Operating Income | 170.6M | 153.8M | 130.7M | 104.3M | 77.4M |
| Pre-tax Income | 69.7M | 63.8M | 54.5M | 17.2M | 5.5M |
| Income Tax | - | - | - | 327.0K | 491.0K |
| Net Income | 69.7M | 63.8M | 54.5M | 17.2M | 5.5M |
| EPS (Diluted) | $0.51 | $0.48 | $0.42 | $0.15 | $0.06 |
Income Statement Trend
Phillips Edison Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 135.4M | 125.1M | 115.1M | 200.3M | 211.7M |
| Non-Current Assets | 4.9B | 4.7B | 4.6B | 4.5B | 4.5B |
| Total Assets | 5.0B | 4.9B | 4.7B | 4.7B | 4.7B |
| Liabilities | |||||
| Current Liabilities | 226.6M | 315.8M | 210.7M | 116.7M | 191.5M |
| Non-Current Liabilities | 2.2B | 1.9B | 1.9B | 2.1B | 2.5B |
| Total Liabilities | 2.4B | 2.2B | 2.1B | 2.2B | 2.7B |
| Equity | |||||
| Total Shareholders Equity | 2.6B | 2.7B | 2.6B | 2.5B | 2.0B |
Balance Sheet Composition
Phillips Edison Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 69.7M | 63.8M | 54.5M | 17.2M | 5.5M |
| Operating Cash Flow | 333.0M | 288.4M | 296.9M | 281.9M | 205.4M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Investing Cash Flow | -1.6M | 4.9M | 3.2M | -3.5M | 3.5M |
| Financing Activities | |||||
| Dividends Paid | -134.0M | -135.7M | -127.1M | -106.7M | -49.3M |
| Financing Cash Flow | 58.0M | 53.9M | 21.2M | -98.8M | -384.7M |
| Free Cash Flow | 239.6M | 195.7M | 186.4M | 187.9M | 146.6M |
Cash Flow Trend
Phillips Edison Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
59.60
Forward P/E
61.73
Price to Book
1.88
Price to Sales
7.05
PEG Ratio
61.73
Profitability Ratios
Profit Margin
10.51%
Operating Margin
28.00%
Return on Equity
3.00%
Return on Assets
2.22%
Financial Health
Current Ratio
1.36
Debt to Equity
86.92
Beta
0.46
Per Share Data
EPS (TTM)
$0.58
Book Value per Share
$18.43
Revenue per Share
$5.49
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| peco | 4.8B | 59.60 | 1.88 | 3.00% | 10.51% | 86.92 |
| Simon Property | 61.8B | 26.08 | 20.85 | 67.31% | 34.25% | 773.47 |
| Realty Income | 51.6B | 51.91 | 1.32 | 2.51% | 18.10% | 69.96 |
| Federal Realty | 8.2B | 27.13 | 2.69 | 9.45% | 24.70% | 133.51 |
| Agree Realty | 7.9B | 40.66 | 1.44 | 3.55% | 30.05% | 52.67 |
| NNN REIT | 8.1B | 20.24 | 1.86 | 9.35% | 45.09% | 103.10 |
Financial data is updated regularly. All figures are in the company's reporting currency.