PHILLIPS EDISON AND COMPANY INC (PECO)
Real Estate · Grocery-anchored retail REITs / Neighborhood shopping centers · NASDAQ
A grocery-anchored shopping center REIT owning and operating 297+ neighborhood retail properties focused on necessity-based retail with 97%+ occupancy rates.
What PHILLIPS EDISON AND COMPANY INC does
Phillips Edison & Company is a real estate investment trust (REIT) founded 35 years ago that owns and operates grocery-anchored shopping centers throughout the United States. As of December 31, 2025, the company wholly-owned 297 shopping centers comprising approximately 36.7 million square feet across 31 states, with an overall portfolio occupancy of 97.3%. The company also operates a third-party investment management business providing property management and advisory services to unconsolidated institutional joint ventures and private funds. Revenue is primarily derived from lease revenues from real estate investments, with tenants being a mix of national, regional, and local retailers providing necessity-based goods and services.
Themes: ["Grocery-anchored retail real estate","Necessity-based retail","Omni-channel retail infrastructure","Last-mile delivery real estate","Suburban neighborhood centers","REIT income and distributions"]
Fundamentals
- Price$42.00 as of 2026-07-09 close
- Market cap$5.8B as of 2026-07-10
- 1-year return+21.5% as of 2026-07-09 close
- P/E50.53 as of 2026-07-10
- Net margin+15.6% as of 2026-07-10
- Gross margin+71.1% as of 2026-07-10
- ROE+5.1% as of 2026-07-10
- Debt / equity1.09 as of 2026-07-10
- Revenue growth (YoY)+8.9% as of 2026-07-10
- Revenue CAGR (3y)+8.1% SEC XBRL
- Beta0.51 as of 2026-07-10
Dividend: yield +3.1%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["High occupancy levels and rental income dependent on retailers' sales productivity and ability to pay rent, particularly during economic downturns affecting consumer spending.","Exposure to real estate market cycles, interest rate changes affecting financing costs (debt obligations of $2.49 billion), and capital requirements for property acquisitions and maintenance.","Competition from e-commerce and alternative retail formats that could reduce demand for brick-and-mortar shopping center space and tenant sales."]
Competitors & peers
- Realty Income Corporation (O)
- STORE Capital (STOR)
- Agree Realty (ADC)
- Whitestone REIT (WSR)
- Retail Opportunity Investments Corp (ROIC)
- Cedar Realty Trust (CDL)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.