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Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc. (PECO) is listed on NASDAQ and classified in REIT - Retail, part of the Real Estate sector. It is headquartered in Cincinnati, United States and has 320 employees. The company is worth $5.42B and trades at 32.7x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $726.59M in fiscal 2025, up 9.9% from the year before. Net income was $111.3M. The share price is 13.7% below its 52-week high of $44.38. It pays a dividend yielding 3.60%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $28.36M. In that quarter, 3 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +21.8% over 5Y.
today you would have $1,499.41▲ +49.9%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 5 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Year-end price | $35.57 | $37.46 | $36.48 | $31.84 | $33.04 | |
| P/E | 74.6x | 40.0x | 73.5x | 76.0x | 75.8x | 220.3x |
| P/S | 7.0x | 6.2x | 7.1x | 7.3x | 6.5x | 7.0x |
| P/B | 1.9x | 2.0x | 2.0x | 1.9x | 1.7x | 1.7x |
| EPS | $0.89 | $0.51 | $0.48 | $0.42 | $0.15 | |
| Dividend yield | 3.19% | 3.53% | 3.19% | 3.11% | 3.43% | 1.33% |
| Payout | 236.67% | 141.12% | 234.51% | 236.67% | 260.00% | 293.33% |
| Profit margin | 9.32% | 15.32% | 9.48% | 9.32% | 8.40% | 2.84% |
| ROE | 2.46% | 4.87% | 2.70% | 2.46% | 2.16% | 0.70% |
Median of the years shown; P/E years above 200x are left out.
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 3.6% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 74.6 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 0.0% a year against a 7.0% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+18.3% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| OUTOUTFRONT Media Inc. | $31.40 | 22.6x | 8.0x | 3.92% | 35.02% | $5.53B |
| RYNRayonier Inc | $18.72 | 40.7x | 1.1x | 13.10% | 2.02% | $5.6B |
| EPRTEssential Properties Realty Trust Inc | $26.26 | 19.3x | 1.3x | 4.87% | 6.48% | $5.69B |
| KRGKite Realty Group Trust | $24.77 | 15.5x | 1.7x | 4.68% | 10.74% | $5.08B |
| SBRASabra Health Care REIT, Inc. | $19.60 | 75.4x | 1.8x | 6.12% | 2.39% | $5.01B |
| CIGIColliers International Group Inc. | $96.46 | 44.0x | 3.2x | 0.31% | 7.84% | $4.93B |