Stocks · Real Estate · REIT - Retail
Phillips Edison & Co. PECO
$37.76 +0.72% Close, Oct 2, 2026 · NASDAQ · Market cap $4.85B
High qualityLow risk
Next earnings report: Oct 26, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $1.15, up 114.2% year over year.
- Operating margin narrowed to 29.0% from 64.4% a year earlier.
- The diluted share count fell 10.0% in a year, mainly through buybacks.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth70Positive
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 44%
- EPS growth (TTM, YoY)Top 14%
- FCF growth (TTM, YoY)Top 39%
- Revenue growth, 3-year CAGRTop 36%
- Revenue growth accelerationBottom 28%
Quality83Strong
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 48%
- Gross marginTop 24%
- Operating marginTop 43%
- Cash conversion (OCF / net income)Top 32%
- Accruals (lower is better)Top 37%
- Net debt / EBITDA (lower is better)Top 34%
- Interest coverTop 36%
Value67Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 49%
- Free-cash-flow yieldBottom 46%
- EBITDA / enterprise valueTop 38%
- Sales / enterprise valueBottom 42%
- P/E vs own 5-year history (lower is better)Top 9%
Momentum74Positive
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 22%
- 6-month returnTop 41%
- 1-year return vs S&P 500Top 21%
- Distance from 52-week highTop 24%
- Trend checklist (0–4)Top 41%
Revisions73Positive
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 22%
- Consecutive EPS beatsTop 19%
- Share of analysts rating BuyTop 39%
- Upside to consensus price targetBottom 20%
Stability98Exceptional
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 7%
- Maximum drawdown, 3 yearsTop 7%
- Beta vs S&P 500 (lower is better)Top 16%
- Net debt / EBITDA (lower is better)Top 34%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 9.1% | 8.1% | ↓ |
| EPS growth (YoY) | 61.4% | 114.2% | ↑ |
| Gross margin | 71.3% | 71.0% | ↓ |
| Operating margin | 64.4% | 29.0% | ↓ |
| FCF margin | 32.6% | 31.7% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 8.1% | 9.1% | ↓ | Top 44% |
| EPS growth (TTM, YoY) | 114.2% | 61.4% | ↑ | Top 14% |
| Gross margin | 71.0% | 71.3% | ↓ | Top 24% |
| Operating margin | 29.0% | 64.4% | ↓ | Top 43% |
| Net margin | 19.1% | 9.9% | ↑ | — |
| Free-cash-flow margin | 31.7% | 32.6% | ↓ | — |
| Return on invested capital | 4.1% | — | Top 48% | |
| Revenue growth, 3-year CAGR | 8.4% | — | Top 36% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.54×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -4.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.6%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -108.1 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 4.79×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.36%
- Net buyback yield (TTM)
- -1.74%
- Shareholder yield
- 1.62%
- Share count change, 1 year
- -10.0%
- Share count change, 3-year CAGR
- -1.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 24, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 3
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- +46.5%
- Average 2-day reaction, last 8
- -0.2%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $42.83
- Target vs current price
- +13.4%
- Analysts with a rating
- 15
- Share rating Buy or Strong Buy
- 53%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | +80.5% | -1.6% | -1.3% | -8.0% | — |
| Apr 23, 2026 | +39.1% | +2.1% | +4.2% | +4.6% | +14.5% |
| Feb 5, 2026 | +135.3% | +1.6% | +1.3% | +4.8% | +7.1% |
| Oct 23, 2025 | -68.8% | -0.9% | -1.9% | -0.6% | +2.8% |
| Jul 24, 2025 | -84.1% | -0.2% | -1.1% | -1.7% | -2.3% |
| Apr 24, 2025 | -66.7% | -1.6% | -3.0% | -4.0% | -3.1% |
| Feb 6, 2025 | +25.0% | -0.7% | +0.4% | -1.9% | -3.6% |
| Oct 24, 2024 | -35.7% | +0.0% | +2.2% | +5.2% | -3.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | $0.33 | $0.18 | +80.5% | $184.5M |
| Apr 23, 2026 | $0.24 | $0.17 | +39.1% | $186.3M |
| Feb 5, 2026 | $0.38 | $0.16 | +135.3% | $183.2M |
| Oct 23, 2025 | $0.20 | $0.64 | -68.8% | $294.5M |
| Jul 24, 2025 | $0.10 | $0.63 | -84.1% | $177.8M |
| Apr 24, 2025 | $0.21 | $0.63 | -66.7% | $178.3M |
| Feb 6, 2025 | $0.15 | $0.12 | +25.0% | $173.0M |
| Oct 24, 2024 | $0.09 | $0.14 | -35.7% | $165.5M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 32.8× | 75.0× | 0th | Top 49% |
| P/E (forward) | 43.9× | — | — | — |
| EV / EBITDA | 13.8× | — | — | Top 38% |
| EV / Sales | 9.89× | — | — | Bottom 42% |
| Free-cash-flow yield | 4.90% | — | — | Bottom 46% |
| Earnings yield | 3.05% | — | — | Top 49% |
P/E over the past five years
Range 37.9× – 243.2× since Dec 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +10.6%
- Earnings per share growth (TTM)
- +114.2%
- Change in P/E multiple
- -41.2%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -4.6%
- 200-day average slope (20 days)
- +0.7%
- Distance from 50-day average
- -4.3%
- Distance from 200-day average
- -3.1%
- RSI (14)
- 43.5
- Relative volume
- 1.48×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 15.1%
- Volatility vs own 5-year history
- 13th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.23
- Correlation with S&P 500
- 0.20
- Current drawdown from 1-year high
- -14.2%
- Maximum drawdown, 3 years
- -17.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 21, 2022 | Sep 29, 2022 | -24.2% | 111 days | 215 days (Aug 9, 2023) |
| Jun 16, 2021 | Jun 17, 2021 | -20.4% | 1 days | 19 days (Jul 15, 2021) |
| Nov 27, 2024 | Aug 8, 2025 | -17.0% | 172 days | 179 days (Apr 27, 2026) |
| Dec 14, 2023 | May 29, 2024 | -17.0% | 113 days | 70 days (Sep 9, 2024) |
| Jul 17, 2026 | Sep 23, 2026 | -16.6% | 47 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $4.85B
- P/E (TTM)
- 32.8
- EPS, diluted (TTM)
- $1.15
- Revenue (TTM)
- $750.9M
- Dividend yield
- 4.07%
- 52-week range
- $32.98 – $44.38
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $532.8M | $575.4M | $610.1M | $661.4M | $732.3M |
| Gross profit | $374.6M | $412.1M | $435.0M | $471.1M | -$10.2M |
| Operating income | $325.7M | $366.9M | $390.6M | $425.5M | $198.8M |
| Net income | $15.1M | $48.3M | $56.8M | $62.7M | $111.3M |
| EPS (diluted) | $0.13 | $0.42 | $0.48 | $0.51 | $0.89 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $165.5M | $173.0M | $178.3M | $177.8M | $182.7M | $187.9M | $191.9M | $188.5M |
| Net income | $11.6M | $18.1M | $26.3M | $12.8M | $24.7M | $47.5M | $30.4M | $41.1M |
| EPS (diluted) | $0.08 | $0.15 | $0.21 | $0.09 | $0.20 | $0.38 | $0.24 | $0.33 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $262.9M | $290.9M | $291.0M | $334.7M | $348.1M |
| Capital expenditure | -$75.0M | -$104.5M | -$95.3M | -$95.1M | -$136.1M |
| Free cash flow | $187.9M | $186.4M | $195.7M | $239.6M | $212.0M |
| Dividends paid | -$106.7M | -$127.1M | -$135.7M | -$134.0M | -$157.3M |
| Net share buybacks | $430.6M | $90.1M | $149.1M | $74.5M | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $7.1M
- Total assets
- $5.44B
- Total liabilities
- $2.78B
- Total debt
- $2.58B
- Net debt
- $2.58B
- Shareholders’ equity
- $2.37B
As of Jun 30, 2026 (filed Jul 24, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Nov 16, 2026 | $0.12 | Dec 1, 2026 |
| Oct 15, 2026 | $0.12 | Nov 3, 2026 |
| Sep 15, 2026 | $0.12 | Oct 1, 2026 |
| Aug 17, 2026 | $0.11 | Sep 1, 2026 |
| Jul 15, 2026 | $0.11 | Aug 4, 2026 |
| Jun 15, 2026 | $0.11 | Jul 1, 2026 |
| May 15, 2026 | $0.11 | Jun 2, 2026 |
| Apr 15, 2026 | $0.11 | May 1, 2026 |
Short interest
- Shares sold short
- 4,826,546
- Days to cover
- 6.19
- Change vs previous report
- +16.1%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jul 6, 2021
- 1-for-3