Phillips Edison & Company, Inc. (PECO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
11501 NORTHLAKE DRIVE CINCINNATI, OH 45249 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,881 | 4,872 | 5,478 | 92,585 | 104,296 | 17,820 | |||
| Cash and cash equivalent | 4,881 | 4,872 | 5,478 | 92,585 | 104,296 | 17,820 | |||
| Restricted cash and investments | 38,100 | ||||||||
| Deferred costs | 44,233 | 39,917 | 40,931 | 40,159 | 38,042 | 39,528 | |||
| Derivative instruments and hedges, assets | 2,728 | ||||||||
| Asset, held-for-sale, not part of disposal group | 1,557 | 6,038 | |||||||
| Total current assets: | 49,114 | 44,789 | 46,409 | 134,301 | 142,338 | 104,214 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,438 | 2,111 | |||||||
| Property, plant and equipment | 1,867,227 | 1,768,487 | 1,674,133 | 1,586,993 | 1,549,362 | 1,552,562 | |||
| Long-term investments and receivables | 6,731 | 6,875 | 9,800 | 3,000 | |||||
| Long-term investments | 6,731 | 6,875 | 9,800 | 3,000 | |||||
| Intangible assets, net (including goodwill) | 628,634 | 599,037 | 572,527 | 550,306 | 536,855 | 31,505 | |||
| Goodwill | 29,066 | 29,066 | 29,066 | 29,066 | 29,066 | 29,066 | |||
| Intangible assets, net (excluding goodwill) | 599,568 | 569,971 | 543,461 | 521,240 | 507,789 | 2,439 | |||
| Regulated entity, other noncurrent assets | 5,666 | 10,303 | 7,963 | 13,150 | 13,538 | 17,204 | |||
| Total noncurrent assets: | 2,508,258 | 2,384,702 | 2,264,423 | 2,153,449 | 2,101,193 | 1,603,382 | |||
| Other undisclosed assets | 2,488,851 | 2,436,175 | 2,424,660 | 2,381,018 | 2,435,032 | 3,120,599 | |||
| TOTAL ASSETS: | 5,046,223 | 4,865,666 | 4,735,492 | 4,668,768 | 4,678,563 | 4,828,195 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Deferred compensation liability | 1,700 | ||||||||
| Derivative instruments and hedges, liabilities | 24,096 | 54,759 | 20,974 | ||||||
| Business combination, contingent consideration, liability | 52,436 | 22,000 | 32,000 | ||||||
| Total current liabilities: | 76,532 | 76,759 | 54,674 | ||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 101,746 | 112,319 | |||||||
| Off-market lease, unfavorable | 101,746 | 112,319 | |||||||
| Total noncurrent liabilities: | 101,746 | 112,319 | |||||||
| Other undisclosed liabilities | 2,412,238 | 2,212,315 | 2,138,059 | 2,115,910 | 2,484,129 | 2,492,408 | |||
| Total liabilities: | 2,412,238 | 2,212,315 | 2,138,059 | 2,192,442 | 2,662,634 | 2,659,401 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,319,922 | 2,310,308 | 2,236,487 | 2,149,514 | 1,690,359 | 1,814,006 | |||
| Common stock | 1,251 | 1,220 | 2,798 | 2,890 | |||||
| Additional paid in capital | 3,646,801 | 3,546,838 | 3,383,978 | 3,264,038 | 2,739,358 | 2,779,130 | |||
| Accumulated other comprehensive income (loss) | 4,305 | 10,523 | 21,003 | (24,819) | (52,306) | (20,762) | |||
| Accumulated deficit | (1,332,435) | (1,248,273) | (1,169,665) | (1,090,837) | (999,491) | (947,252) | |||
| Other undisclosed equity, attributable to parent | 1,171 | 1,132 | |||||||
| Equity, attributable to noncontrolling interest | 314,063 | 343,043 | 360,946 | 326,812 | 325,570 | 354,788 | |||
| Total equity: | 2,633,985 | 2,653,351 | 2,597,433 | 2,476,326 | 2,015,929 | 2,168,794 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,046,223 | 4,865,666 | 4,735,492 | 4,668,768 | 4,678,563 | 4,828,195 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 661,392 | 610,124 | 575,372 | 532,846 | 498,017 | 536,706 | ||
| Operating lease, lease income | 647,589 | 597,501 | 560,538 | 519,495 | 485,483 | 522,270 | ||
| Cost of revenue (Cost of Product and Service Sold) | (251,250) | (234,260) | (232,571) | (217,564) | (218,738) | |||
| Gross profit: | 410,142 | 375,864 | 342,801 | 315,282 | 279,279 | 536,706 | ||
| Operating expenses | (488,944) | (455,928) | (445,004) | (435,302) | (422,991) | (533,852) | ||
| Operating income (loss): | (78,802) | (80,064) | (102,203) | (120,020) | (143,712) | 2,854 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (5,732) | (7,312) | (12,160) | (34,361) | 9,245 | (676) | ||
| Interest and debt expense | (96,990) | (84,232) | (71,196) | (78,367) | (85,307) | (103,174) | ||
| Loss from continuing operations: | (181,524) | (171,608) | (185,559) | (232,748) | (219,774) | (100,996) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (232,748) | (219,774) | (100,996) | |
| Other undisclosed net income | 251,220 | 235,370 | 240,088 | 249,981 | 225,236 | 28,170 | ||
| Net income (loss): | 69,696 | 63,762 | 54,529 | 17,233 | 5,462 | (72,826) | ||
| Net income (loss) attributable to noncontrolling interest | (7,011) | (6,914) | (6,206) | (2,112) | (690) | 9,294 | ||
| Net income (loss) available to common stockholders, diluted: | 62,685 | 56,848 | 48,323 | 15,121 | 4,772 | (63,532) | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 69,696 | 63,762 | 54,529 | 17,233 | 5,462 | (72,826) | ||
| Net income attributable to redeemable noncontrolling interest | 7,011 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive loss | (33,820) | (38,274) | ||||||
| Other undisclosed comprehensive income (loss) | (6,961) | (11,816) | 51,285 | 32,000 | ||||
| Comprehensive income (loss): | 62,735 | 51,946 | 105,814 | 49,233 | (28,358) | (111,100) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (7,011) | (6,914) | (6,206) | (2,112) | 1,385 | 14,444 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 743 | 1,336 | (5,463) | (4,513) | 201 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 56,467 | 46,368 | 94,145 | 42,608 | (26,772) | (96,656) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.