Phillips Edison & Company, Inc. (PECO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 190.74M | 187.86M | 182.67M | 177.75M | 178.31M | 173.05M | 165.53M | 161.51M | 161.3M | 154.45M | 152.47M | 152.14M | 151.06M | 145.04M | 145.65M | 142.52M | 142.16M | 137.06M | 132.33M | 133.07M |
| Revenue Growth % | 6.97% | 8.56% | 10.36% | 10.05% | 10.54% | 12.04% | 8.56% | 6.16% | 6.78% | 6.49% | 4.68% | 6.75% | 6.26% | 5.82% | 10.07% | 7.1% | 9.04% | 13.5% | 4.45% | 11.79% |
| Property Operating Expenses | 55.06M | 55.7M | 52.42M | 50.6M | 51.02M | 50.96M | 47.1M | 46.87M | 45.39M | 45.63M | 43.3M | 43.07M | 43.12M | 41.96M | 41.13M | 39.33M | 40.81M | 42.75M | 37.98M | 38.79M |
| Net Operating Income (NOI) | 135.68M | 132.16M | 130.25M | 127.15M | 127.3M | 122.09M | 118.43M | 114.64M | 115.91M | 108.82M | 109.17M | 109.07M | 107.95M | 103.08M | 104.52M | 103.19M | 101.35M | 94.31M | 94.35M | 94.28M |
| NOI Margin % | 71.14% | 70.35% | 71.3% | 71.53% | 71.39% | 70.55% | 71.55% | 70.98% | 71.86% | 70.46% | 71.6% | 71.69% | 71.46% | 71.07% | 71.76% | 72.41% | 71.29% | 68.81% | 71.3% | 70.85% |
| Operating Expenses | 77.47M | 78.88M | 78.36M | 12.92M | 12.09M | 11.55M | 11.11M | 11.13M | 11.81M | 10.76M | 10.38M | 11.69M | 11.53M | 11.48M | 10.84M | 11.38M | 11.53M | 15.91M | 11.63M | 11.94M |
| G&A Expenses | 11.94M | 13.88M | 12.75M | 12.92M | 12.09M | 11.55M | 11.11M | 11.13M | 11.81M | 10.76M | 10.38M | 11.69M | 11.53M | 11.48M | 10.84M | 11.38M | 11.53M | 15.91M | 11.63M | 11.94M |
| EBITDA | 123.74M | 117.58M | 117.49M | 183.31M | 178.54M | 164.09M | 173.9M | 163.11M | 162.89M | 151.11M | 156.2M | 155.78M | 153.68M | 151.76M | 149.5M | 151.51M | 146.04M | 135.66M | 133.12M | 138.04M |
| EBITDA Margin % | 64.87% | 62.59% | 64.32% | 103.12% | 100.13% | 94.82% | 105.06% | 100.99% | 100.98% | 97.84% | 102.44% | 102.4% | 101.73% | 104.64% | 102.64% | 106.31% | 102.73% | 98.97% | 100.59% | 103.74% |
| Depreciation & Amortization | 65.53M | 64.29M | 65.6M | 69.08M | 63.33M | 53.55M | 66.58M | 59.6M | 58.79M | 53.05M | 57.41M | 58.41M | 57.27M | 60.17M | 55.82M | 59.69M | 56.22M | 57.26M | 50.39M | 55.7M |
| D&A / Revenue % | 34.36% | 34.22% | 35.91% | 38.86% | 35.52% | 30.94% | 40.23% | 36.9% | 36.45% | 34.35% | 37.65% | 38.39% | 37.91% | 41.48% | 38.32% | 41.88% | 39.55% | 41.78% | 38.08% | 41.86% |
| Operating Income | 58.21M | 53.28M | 51.89M | 114.23M | 115.21M | 110.54M | 107.32M | 103.51M | 104.1M | 98.06M | 98.79M | 97.38M | 96.41M | 91.6M | 93.68M | 91.81M | 89.82M | 78.4M | 82.72M | 82.34M |
| Operating Margin % | 30.52% | 28.36% | 28.41% | 64.26% | 64.61% | 63.88% | 64.83% | 64.09% | 64.54% | 63.49% | 64.79% | 64.01% | 63.82% | 63.15% | 64.32% | 64.42% | 63.18% | 57.2% | 62.51% | 61.88% |
| Interest Expense | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 1.96x | 2.86x | 1.96x | 1.55x | 1.95x | 1.89x | 1.64x | 1.79x | 1.88x | 1.71x | 1.90x | 1.82x | 1.95x | 1.82x | 1.92x | 1.83x | 1.88x | 1.28x | 1.71x | 1.38x |
| Non-Operating Income | 0 | -27.63M | -4.1M | 71.2M | 65.27M | 63.31M | 68.33M | 61.17M | 60.21M | 59.57M | 58.71M | 59.67M | 58.5M | 58.22M | 60.01M | 60.77M | 57.23M | 55.6M | 53.9M | 56.59M |
| Pretax Income | 30.38M | 52.59M | 27.45M | 14.49M | 29.04M | 20.95M | 13.35M | 17.45M | 19.76M | 15.27M | 13.85M | 16.33M | 18.64M | 16.14M | 12.35M | 15.35M | 11.4M | -6M | 16.73M | 6.55M |
| Pretax Margin % | 15.93% | 28% | 15.03% | 8.15% | 16.29% | 12.11% | 8.06% | 10.8% | 12.25% | 9.89% | 9.08% | 10.73% | 12.34% | 11.13% | 8.48% | 10.77% | 8.02% | -4.38% | 12.64% | 4.93% |
| Income Tax | 0 | 0 | 219K | 234K | 146K | 774K | 446K | 464K | 137K | 81K | 120K | 119K | 0 | 433K | 179K | 97K | 0 | -169K | 165K | 165K |
| Effective Tax Rate % | 0% | 0% | 0.8% | 1.62% | 0.5% | 3.69% | 3.34% | 2.66% | 0.69% | 0.53% | 0.87% | 0.73% | 0% | 2.68% | 1.45% | 0.63% | 0% | 2.81% | 0.99% | 2.52% |
| Net Income | 30.38M | 47.5M | 24.68M | 12.78M | 26.31M | 18.14M | 11.6M | 15.27M | 17.67M | 13.53M | 12.24M | 14.45M | 16.62M | 13.68M | 11.04M | 13.53M | 10.08M | -5.21M | 14.63M | 5.59M |
| Net Margin % | 15.93% | 25.28% | 13.51% | 7.19% | 14.75% | 10.48% | 7.01% | 9.45% | 10.95% | 8.76% | 8.03% | 9.5% | 11% | 9.43% | 7.58% | 9.49% | 7.09% | -3.8% | 11.06% | 4.2% |
| Net Income Growth % | 15.47% | 161.82% | 112.77% | -16.29% | 48.89% | 34.06% | -5.25% | 5.67% | 6.32% | -1.06% | 10.94% | 6.82% | 64.89% | 362.58% | -24.57% | 141.83% | 9685.44% | 53.46% | 24.18% | 200.11% |
| Funds From Operations (FFO) | 95.91M | 111.79M | 90.29M | 81.86M | 89.64M | 71.69M | 78.19M | 74.87M | 76.46M | 66.58M | 69.66M | 72.86M | 73.89M | 73.84M | 66.86M | 73.22M | 66.3M | 52.05M | 65.02M | 61.29M |
| FFO Margin % | 50.28% | 59.51% | 49.43% | 46.05% | 50.27% | 41.43% | 47.24% | 46.36% | 47.4% | 43.11% | 45.68% | 47.89% | 48.91% | 50.91% | 45.9% | 51.38% | 46.64% | 37.98% | 49.14% | 46.06% |
| FFO Growth % | 6.99% | 55.94% | 15.48% | 9.33% | 17.24% | 7.67% | 12.25% | 2.77% | 3.48% | -9.83% | 4.19% | -0.5% | 11.44% | 41.87% | 2.82% | 19.46% | 21.42% | 12.22% | 0.5% | 22.62% |
| FFO per Share | 0.77 | 0.89 | 0.65 | 0.59 | 0.65 | 0.59 | 0.57 | 0.55 | 0.56 | 0.54 | 0.52 | 0.55 | 0.56 | 0.65 | 0.51 | 0.57 | 0.52 | 0.50 | 0.53 | 0.57 |
| FFO Payout Ratio % | 0% | 24.52% | 43.8% | 47.35% | 57.51% | 35.48% | 62.12% | 32.11% | 47.05% | 53.18% | 48.84% | 45.36% | 45.04% | 44.64% | 48.07% | 42.41% | 46.64% | 59.62% | 42.08% | 39.18% |
| EPS (Diluted) | 0.24 | 0.38 | 0.20 | 0.09 | 0.21 | 0.15 | 0.08 | 0.12 | 0.14 | 0.11 | 0.10 | 0.12 | 0.14 | 0.12 | 0.09 | 0.12 | 0.09 | -0.06 | 0.13 | 0.06 |
| EPS Growth % | 14.29% | 153.33% | 135.57% | -23.33% | 50% | 36.36% | -15.1% | 0% | 0% | -8.33% | 8.11% | 0% | 57.84% | 314.29% | -28.85% | 101.34% | - | 60% | 8.33% | 203.29% |
| EPS (Basic) | 0.24 | 0.38 | 0.20 | 0.10 | 0.21 | 0.15 | 0.09 | 0.12 | 0.14 | 0.11 | 0.10 | 0.12 | 0.14 | 0.12 | 0.09 | 0.12 | 0.09 | -0.05 | 0.13 | 0.06 |
| Diluted Shares Outstanding | 125M | 125M | 138.86M | 138.91M | 138.64M | 120.95M | 136.58M | 136.44M | 136.4M | 123.03M | 132.8M | 131.89M | 131.94M | 113.98M | 131.59M | 129.12M | 128.5M | 104.18M | 122.57M | 107.17M |