Phillips Edison & Company, Inc. - Understand $peco stock

$PECO Market Cap: $5.336 Billion

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Financial Snapshot

Revenue

$642.8M

TTM

Gross Margin

71.21%

TTM

Net Earnings

$58.08M

TTM

Current Assets

$6.446M

Q3 2024

Current Liabilities

$129.5M

Q3 2024

Current Ratio

4.98%

Q3 2024

Total Assets

$4.950B

Q3 2024

Total Liabilities

$2.371B

Q3 2024

Book Value

$2.579B

Q3 2024

Cash

$6.446M

Q3 2024

P/E

91.89

Nov 29, 2024 EST

Free Cash Flow

$246.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$610.1M	$575.4M	$532.8M	$498.0M	$536.7M	$430.4M	$311.5M	$257.7M	$242.1M	$188.2M	$73.17M	$17.55M	$3.529M
YoY Change	6.04%	7.98%	6.99%	-7.21%	24.7%	38.15%	20.88%	6.46%	28.63%	157.25%	316.89%	397.31%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$610.1M	$575.4M	$532.8M	$498.0M	$536.7M	$430.4M	$311.5M	$257.7M	$242.1M	$188.2M	$73.17M	$17.55M	$3.529M
Cost Of Revenue	$175.1M	$163.2M	$158.3M	$154.5M	$161.1M	$132.5M	$97.28M	$78.52M	$73.70M	$58.20M	$21.60M	$5.000M
Gross Profit	$435.0M	$412.1M	$374.6M	$343.5M	$375.6M	$297.8M	$214.3M	$179.2M	$168.4M	$130.0M	$51.60M	$12.50M
Gross Profit Margin	71.3%	71.63%	70.29%	68.98%	69.99%	69.2%	68.77%	69.54%	69.56%	69.07%	70.53%	71.23%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$44.37M	$46.04M	$48.82M	$41.38M	$48.53M	$50.41M	$60.39M	$31.80M	$15.80M	$36.50M	$4.300M	$1.700M
YoY Change	-3.64%	-5.69%	17.97%	-14.72%	-3.74%	-16.52%	89.87%	101.29%	-56.71%	748.84%	152.94%
% of Gross Profit	10.2%	11.17%	13.03%	12.05%	12.92%	16.93%	28.18%	17.75%	9.38%	28.08%	8.33%	13.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$236.4M	$236.2M	$221.4M	$224.7M	$231.0M	$177.5M	$127.2M	$103.3M	$98.37M	$76.55M	$29.24M	$7.850M	$1.500M
YoY Change	0.09%	6.68%	-1.44%	-2.75%	30.15%	39.59%	23.12%	5.0%	28.49%	161.79%	272.51%	423.33%
% of Gross Profit	54.35%	57.32%	59.12%	65.41%	61.5%	59.6%	59.35%	57.63%	58.41%	58.89%	56.67%	62.8%
Operating Expenses	$455.9M	$445.0M	$435.3M	$423.0M	$533.9M	$415.0M	$294.3M	$222.2M	$196.4M	$191.3M	$75.18M	$18.80M	$5.234M
YoY Change	2.45%	2.23%	2.91%	-20.77%	28.63%	41.01%	32.45%	13.15%	2.69%	154.38%	299.83%	259.27%
Operating Profit	-$20.92M	-$32.86M	-$60.75M	-$79.48M	-$158.2M	-$117.2M	-$80.06M	-$43.01M	-$28.00M	-$61.26M	-$2.019M	-$1.254M	-$1.705M
YoY Change	-36.32%	-45.92%	-23.56%	-49.76%	35.02%	46.36%	86.15%	53.61%	-54.3%	2933.98%	61.0%	-26.45%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$84.23M	$71.20M	$76.37M	$85.30M	$103.2M	$72.64M	$45.66M	$32.46M	$32.39M	$20.36M	$10.51M	$3.020M	$811.0K
YoY Change	18.31%	-6.78%	-10.47%	-17.32%	42.03%	59.09%	40.68%	0.21%	59.09%	93.7%	248.05%	272.38%
% of Operating Profit
Other Income/Expense, Net	-$7.312M	-$12.16M	-$34.36M	$9.245M	-$676.0K	-$1.723M	$673.0K	$1.258M	$200.0K	$800.0K	$200.0K	$0.00
YoY Change	-39.87%	-64.61%	-471.67%	-1467.6%	-60.77%	-356.02%	-46.5%	529.0%	-75.0%	300.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	$63.76M	$54.53M	$17.23M	$5.462M	-$72.83M	$46.98M	-$41.72M	$9.043M	$13.60M	-$22.60M	-$12.40M	-$4.300M
YoY Change	16.93%	216.42%	215.51%	-107.5%	-255.03%	-212.6%	-561.33%	-33.51%	-160.18%	82.26%	188.37%
Income Tax								$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income								0.0%	0.0%
Net Earnings	$56.85M	$48.32M	$15.12M	$4.772M	-$63.53M	$39.14M	-$38.39M	$8.932M	$13.36M	-$22.64M	-$12.40M	-$3.346M	-$2.364M
YoY Change	17.64%	219.58%	216.87%	-107.51%	-262.33%	-201.95%	-529.81%	-33.14%	-159.02%	82.48%	270.71%	41.54%
Net Earnings / Revenue	9.32%	8.4%	2.84%	0.96%	-11.84%	9.09%	-12.32%	3.47%	5.52%	-12.03%	-16.95%	-19.07%	-66.99%
Basic Earnings Per Share	$0.48	$0.42	$0.15	$0.05	-$0.67	$0.60
Diluted Earnings Per Share	$0.48	$0.42	$0.15	$0.05	-$0.67	$0.59	-$626.7K	$143.6K	$0.22	-$0.38	-$0.53	-$1.49

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$4.872M	$5.478M	$92.59M	$104.3M	$17.82M	$16.79M	$5.716M	$8.224M	$40.70M	$15.60M	$460.3M	$7.700M
YoY Change	-11.06%	-94.08%	-11.23%	485.27%	6.13%	193.75%	-30.5%	-79.79%	160.9%	-96.61%	5877.92%
Cash & Equivalents	$4.872M	$5.478M	$92.59M	$104.3M	$17.82M	$16.79M	$5.716M	$8.224M	$40.70M	$15.60M	$460.3M	$7.700M
Short-Term Investments
Other Short-Term Assets	$10.75M	$14.58M	$11.66M								$13.30M	$6.400M
YoY Change	-26.28%	25.05%									107.81%
Inventory		$0.00	$1.557M	$0.00	$6.038M	$17.36M
Prepaid Expenses
Receivables					$0.00	$5.125M	$6.102M				$13.00M	$2.700M
Other Receivables					$0.00	$0.00	$0.00				$0.00	$0.00
Total Short-Term Assets	$4.872M	$20.05M	$105.8M	$104.3M	$23.86M	$39.28M	$11.82M	$8.224M	$40.70M	$15.60M	$486.6M	$16.80M
YoY Change	-75.7%	-81.05%	1.44%	337.15%	-39.26%	232.37%	43.7%	-79.79%	160.9%	-96.79%	2796.43%
Property, Plant & Equipment	$4.616B	$4.474B	$4.355B	$4.355B	$4.529B	$4.815B	$3.290B	$2.250B	$2.118B	$2.074B	$1.107B	$283.9M
YoY Change	3.18%	2.74%	-0.01%	-3.83%	-5.95%	46.35%	46.24%	6.22%	2.1%	87.46%	289.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$25.22M	$44.79M	$39.88M	$37.37M	$42.85M	$45.65M
YoY Change	-43.7%	12.33%	6.72%	-12.81%	-6.13%
Other Assets	$4.006M	$61.56M	$67.91M	$27.64M	$77.29M	$67.51M	$21.73M	$41.72M	$20.10M	$20.50M	$20.00M	$3.900M
YoY Change	-93.49%	-9.36%	145.69%	-64.24%	14.48%	210.7%	-47.92%	107.57%	-1.95%	2.5%	412.82%
Total Long-Term Assets	$4.861B	$4.715B	$4.563B	$4.574B	$4.804B	$5.124B	$3.514B	$2.372B	$2.194B	$2.135B	$1.235B	$308.6M
YoY Change	3.08%	3.34%	-0.25%	-4.79%	-6.24%	45.81%	48.16%	8.11%	2.76%	72.9%	300.16%
Total Assets	$4.866B	$4.735B	$4.669B	$4.679B	$4.828B	$5.163B	$3.526B	$2.380B	$2.235B	$2.151B	$1.722B	$325.4M
YoY Change
Accounts Payable	$116.5M	$108.5M	$91.92M	$171.2M	$114.6M	$122.4M	$149.7M	$55.95M	$48.70M	$49.10M	$2.800M	$4.200M
YoY Change	7.36%	18.02%	-46.31%	49.4%	-6.4%	-18.22%	167.59%	14.89%	-0.81%	1653.57%	-33.33%
Accrued Expenses	$5.094M	$4.705M	$5.311M	$5.731M	$9.453M						$27.90M	$5.100M
YoY Change	8.27%	-11.41%	-7.33%	-39.37%							447.06%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$73.36M	$61.57M	$177.0M	$0.00	$0.00	$0.00	$0.00
YoY Change					-100.0%	19.15%	-65.21%
Long-Term Debt Due							$8.142M	$41.20M
YoY Change							-80.24%
Total Short-Term Liabilities	$116.5M	$113.2M	$97.23M	$176.9M	$124.1M	$195.8M	$219.4M	$274.1M	$48.70M	$49.10M	$30.70M	$9.300M
YoY Change	2.89%	16.41%	-45.05%	42.63%	-36.64%	-10.77%	-19.95%	462.86%	-0.81%	59.93%	230.11%
Long-Term Debt	$1.969B	$1.897B	$1.892B	$2.293B	$2.354B	$2.365B	$1.737B	$838.0M	$854.1M	$650.5M	$200.9M	$159.0M
YoY Change	3.83%	0.26%	-17.49%	-2.61%	-0.48%	36.16%	107.32%	-1.89%	31.3%	223.79%	26.35%
Other Long-Term Liabilities	$126.6M	$128.3M	$203.5M	$193.1M	$181.2M	$189.3M	$90.69M	$43.29M	$40.20M	$43.10M	$20.40M	$4.900M
YoY Change	-1.32%	-36.96%	5.39%	6.53%	-4.26%	108.76%	109.46%	7.7%	-6.73%	111.27%	316.33%
Total Long-Term Liabilities	$2.096B	$2.025B	$2.095B	$2.486B	$2.535B	$2.555B	$1.828B	$881.3M	$894.3M	$693.6M	$221.3M	$163.9M
YoY Change	3.51%	-3.36%	-15.71%	-1.96%	-0.76%	39.76%	107.42%	-1.46%	28.94%	213.42%	35.02%
Total Liabilities	$2.555B	$2.499B	$2.519B	$2.988B	$3.014B	$3.165B	$2.480B	$1.179B	$968.2M	$765.4M	$252.1M	$218.8M
YoY Change	2.26%	-0.8%	-15.69%	-0.86%	-4.78%	27.65%	110.37%	21.75%	26.5%	203.61%	15.22%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	118.3M shares	115.4M shares	102.4M shares	96.76M shares	94.64M shares	65.53M shares	183.8M shares	183.9M shares	183.7M shares	179.3M shares	70.23M shares
Diluted Shares Outstanding	133.0M shares	130.3M shares	116.7M shares	111.2M shares	109.0M shares	80.46M shares	196.5M shares	186.7M shares	186.4M shares	179.3M shares	70.23M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.3363 Billion

About Phillips Edison & Company, Inc.

Phillips Edison & Co., Inc. is a real estate investment trust, which engages in the ownership and operation of shopping centers. The company is headquartered in Cincinnati, Ohio and currently employs 290 full-time employees. The company went IPO on 2020-07-20. The firm's business is conducted through Phillips Edison Grocery Center Operating Partnership I, L.P. The firm is an owner and operator of grocery-anchored neighborhood shopping centers. In addition to managing its own shopping centers, its third-party investment management business provides comprehensive real estate and asset management services to two unconsolidated institutional joint ventures, Grocery Retail Partners I LLC (GRP I) and Necessity Retail Partners (NRP) and one private fund. Its portfolio primarily consists of neighborhood centers anchored by the #1 or #2 grocer tenants by sales within their respective formats by trade area. Its centers feature a mix of national and regional retailers providing goods and services throughout the United States. The Company’s wholly owned portfolio consists of more than 286 properties, totaling approximately 32.6 million square feet, located in 31 states.

Industry: Real Estate Investment Trusts Peers: AGREE REALTY CORP Brixmor Property Group Inc. SPIRIT REALTY CAPITAL, INC. SITE Centers Corp. FEDERAL REALTY INVESTMENT TRUST KITE REALTY GROUP TRUST MACERICH CO RETAIL OPPORTUNITY INVESTMENTS CORP REALTY INCOME CORP Urban Edge Properties