Phillips Edison & Company, Inc. (PECO) stock
PECONasdaqReal Estate Investment TrustsFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 27, 2026Score 14/3010% below fair value
$38.83+0.13 (+0.34%)
Close on Oct 30, 2026Market cap $5.00BP/E 35.0Yield 3.23%
Earnings
Phillips Edison &'s quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Feb 4, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$193.09M
+5.7% on a year earlier
Core FFO per diluted share, Q3 FY2026
$0.71
$0.65 a year earlier
Latest guidance
Raised
Oct 26, 2026 · 11 items
Quarterly results
Revenue and earnings per share from each of Phillips Edison &'s earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 4, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Oct 26, 2026after the close | $193.09M | +5.7% | $0.49 | $0.71 | Release |
| Q2 FY2026ended Jun 30, 2026 | Jul 23, 2026after the close | – | – | $0.33 | $0.69 | Release |
| Q1 FY2026ended Mar 31, 2026 | Apr 23, 2026after the close | – | – | $0.24 | – | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 5, 2026after the close | $187.86M | +8.6% | $0.38 | $0.66 | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 23, 2025after the close | $182.67M | +10.4% | $0.20 | $0.65 | Release |
| Q2 FY2025ended Jun 30, 2025 | Jul 24, 2025after the close | $177.75M | +10.1% | $0.10 | $0.64 | Release |
| Q1 FY2025ended Mar 31, 2025 | Apr 24, 2025after the close | $178.31M | +10.5% | $0.21 | $0.65 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 6, 2025after the close | $173.05M | +12.0% | $0.15 | $0.62 | Release |
| Q3 FY2024ended Sep 30, 2024 | Oct 24, 2024after the close | $165.53M | +8.6% | $0.09 | $0.62 | Release |
| Q2 FY2024ended Jun 30, 2024 | Jul 25, 2024after the close | $161.52M | +6.2% | $0.12 | $0.59 | Release |
| Q1 FY2024ended Mar 31, 2024 | Apr 25, 2024after the close | $161.30M | +6.8% | $0.14 | $0.60 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 8, 2024after the close | $154.45M | +6.5% | $0.11 | $0.58 | Release |
| Q3 FY2023ended Sep 30, 2023 | Oct 31, 2023after the close | $152.47M | +4.7% | $0.10 | $0.58 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 1, 2023after the close | $152.14M | +6.8% | $0.12 | $0.59 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 2, 2023after the close | $151.06M | +6.3% | $0.14 | $0.59 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 9, 2023after the close | $145.04M | +5.8% | $0.12 | $0.56 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 3, 2022after the close | $145.65M | +10.1% | $0.09 | $0.58 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 5, 2022after the close | $142.52M | – | $0.12 | $0.56 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 5, 2022after the close | $142.16M | – | $0.09 | $0.56 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 10, 2022after the close | $137.06M | – | -$0.05 | $0.47 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 4, 2021after the close | $132.33M | – | $0.13 | $0.54 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 5, 2021after the close | – | – | – | – | Release |
| Q1 FY2021ended Mar 31, 2021 | May 4, 2021during market hours | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Mar 11, 2021after the close | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Nov 9, 2020after the close | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Phillips Edison &'s latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Non-cash revenue items (2) | FY2026 | $19.00M – $21.00M | – | New | Feb 5, 2026 |
| Same-Center NOI growthnon-GAAP | FY2026 | +3% – +4% | – | New | Feb 5, 2026 |
| Net income per shareGAAP | FY2026 | $0.74 – $0.77 | – | New | Feb 5, 2026 |
| Net income per share - dilutedGAAP | FY2026 | $1.21 – $1.24 | – | New | Oct 26, 2026 |
| Core FFO per sharenon-GAAP | FY2026 | $2.71 – $2.77 | – | New | Feb 5, 2026 |
| Core FFO per share - dilutednon-GAAP | FY2026 | $2.75 – $2.79 | – | New | Oct 26, 2026 |
| Acquisitions, gross | FY2026 | $600.00M – $700.00M | – | New | Oct 26, 2026 |
| Acquisitions, gross (1) | FY2026 | $400.00M – $500.00M | – | New | Feb 5, 2026 |
| Adjustments for collectibility | FY2026 | $4.50M – $6.00M | – | Lowered | Oct 26, 2026 |
| Adjustments for collectibility | FY2026 | $5.00M – $8.00M | – | Lowered | Feb 5, 2026 |
| Contributions to joint ventures, net | FY2026 | $200.00M – $250.00M | – | Raised | Oct 26, 2026 |
| Dispositions | FY2026 | $175.00M – $210.00M | – | Lowered | Oct 26, 2026 |
| G&A expense | FY2026 | $51.00M – $53.00M | – | Lowered | Oct 26, 2026 |
| G&A expense | FY2026 | $49.00M – $53.00M | – | Lowered | Feb 5, 2026 |
| Interest expense, net | FY2026 | $116.00M – $120.00M | – | Lowered | Oct 26, 2026 |
| Interest expense, net | FY2026 | $117.00M – $127.00M | – | Lowered | Feb 5, 2026 |
| Nareit FFO per sharenon-GAAP | FY2026 | $2.65 – $2.71 | – | New | Feb 5, 2026 |
| Nareit FFO per share - dilutednon-GAAP | FY2026 | $2.68 – $2.72 | – | New | Oct 26, 2026 |
| Non-cash revenue items | FY2026 | $22.00M – $24.00M | – | Lowered | Oct 26, 2026 |
| Same-Center NOI growthnon-GAAP | FY2026 | +3.5% – +4% | – | New | Oct 26, 2026 |
Guidance vs results
The last range Phillips Edison & gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| FY2025 | Core FFO per share | $2.57 – $2.61 | $2.60Σ4Q | Within range |
| FY2025 | EPS (GAAP) | $0.62 – $0.65 | $0.89Σ4Q | Above range |
Guidance history
Every forecast Phillips Edison & put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Oct 26, 2026 | Core FFO per share - diluted | FY2026 | $2.75 – $2.79 | New |
| Oct 26, 2026 | Net income per share - diluted | FY2026 | $1.21 – $1.24 | New |
| Oct 26, 2026 | Same-Center NOI growth | FY2026 | +3.5% – +4% | New |
| Oct 26, 2026 | Acquisitions, gross | FY2026 | $600.00M – $700.00M | New |
| Oct 26, 2026 | Dispositions | FY2026 | $175.00M – $210.00M | Lowered |
| Oct 26, 2026 | Contributions to joint ventures, net | FY2026 | $200.00M – $250.00M | Raised |
| Oct 26, 2026 | Interest expense, net | FY2026 | $116.00M – $120.00M | Lowered |
| Oct 26, 2026 | G&A expense | FY2026 | $51.00M – $53.00M | Lowered |
| Oct 26, 2026 | Non-cash revenue items | FY2026 | $22.00M – $24.00M | Lowered |
| Oct 26, 2026 | Adjustments for collectibility | FY2026 | $4.50M – $6.00M | Lowered |
| Oct 26, 2026 | Nareit FFO per share - diluted | FY2026 | $2.68 – $2.72 | New |
| Feb 5, 2026 | Same-Center NOI growth | FY2026 | +3% – +4% | New |
| Feb 5, 2026 | Core FFO per share | FY2026 | $2.71 – $2.77 | New |
| Feb 5, 2026 | Net income per share | FY2026 | $0.74 – $0.77 | New |
| Feb 5, 2026 | Acquisitions, gross (1) | FY2026 | $400.00M – $500.00M | New |
| Feb 5, 2026 | Interest expense, net | FY2026 | $117.00M – $127.00M | Lowered |
| Feb 5, 2026 | G&A expense | FY2026 | $49.00M – $53.00M | Lowered |
| Feb 5, 2026 | Adjustments for collectibility | FY2026 | $5.00M – $8.00M | Lowered |
| Feb 5, 2026 | Nareit FFO per share | FY2026 | $2.65 – $2.71 | New |
| Feb 5, 2026 | Non-cash revenue items (2) | FY2026 | $19.00M – $21.00M | New |
| Oct 23, 2025 | Same-Center NOI growth | FY2025 | +3.1% – +3.6% | New |
| Oct 23, 2025 | Core FFO per share | FY2025 | $2.57 – $2.61 | New |
| Oct 23, 2025 | Net income per share | FY2025 | $0.62 – $0.65 | New |
| Oct 23, 2025 | G&A expense | FY2025 | $48.00M – $52.00M | Lowered |
| Oct 23, 2025 | Non-cash revenue items | FY2025 | $19.00M – $21.00M | Lowered |
| Oct 23, 2025 | Adjustments for collectibility | FY2025 | $5.00M – $7.00M | Lowered |
| Oct 23, 2025 | Nareit FFO per share | FY2025 | $2.51 – $2.55 | New |
| Oct 23, 2025 | Acquisitions, gross | FY2025 | $350.00M – $450.00M | New |
| Oct 23, 2025 | Interest expense, net | FY2025 | $108.00M – $116.00M | Lowered |
| Feb 6, 2025 | Core FFO per share | FY2025 | $2.52 – $2.59 | Raised |
| Feb 6, 2025 | Nareit FFO per share | FY2025 | $2.47 – $2.54 | New |
| Feb 6, 2025 | Net income per share | FY2025 | $0.54 – $0.59 | New |
| Feb 6, 2025 | Adjustments for collectibility | FY2025 | $4.00M – $8.00M | Lowered |
| Feb 6, 2025 | G&A expense | FY2025 | $45.00M – $49.00M | Lowered |
| Feb 6, 2025 | Same-Center NOI growth | FY2025 | +3% – +3.5% | New |
| Feb 6, 2025 | Acquisitions, gross | FY2025 | $350.00M – $450.00M | New |
| Feb 6, 2025 | Interest expense, net | FY2025 | $111.00M – $121.00M | Lowered |
| Feb 6, 2025 | Non-cash revenue items | FY2025 | $18.00M – $20.00M | Lowered |
| Oct 24, 2024 | Same-Center NOI growth | FY2024 | +3.5% – +4% | New |
| Oct 24, 2024 | Core FFO per share | FY2024 | $2.40 – $2.44 | Narrowed |
| Oct 24, 2024 | Net income per share | FY2024 | $0.48 – $0.50 | Lowered |
| Oct 24, 2024 | Acquisitions, net | FY2024 | $275.00M – $325.00M | Raised |
| Oct 24, 2024 | Interest expense, net | FY2024 | $96.00M – $99.00M | Lowered |
| Oct 24, 2024 | G&A expense | FY2024 | $45.00M – $47.00M | Lowered |
| Oct 24, 2024 | Non-cash revenue items | FY2024 | $15.00M – $19.00M | Lowered |
| Oct 24, 2024 | Adjustments for collectibility | FY2024 | $4.00M – $5.00M | Lowered |
| Oct 24, 2024 | Nareit FFO per share | FY2024 | $2.35 – $2.39 | Narrowed |
| Jul 25, 2024 | Acquisitions, net | FY2024 | $200.00M – $300.00M | New |
| Jul 25, 2024 | Core FFO per share | FY2024 | $2.37 – $2.45 | Reaffirmed |
| Jul 25, 2024 | Net income per share | FY2024 | $0.49 – $0.54 | Lowered |
| Jul 25, 2024 | Same-Center NOI growth | FY2024 | +3.25% – +4.25% | New |
| Jul 25, 2024 | Interest expense, net | FY2024 | $98.00M – $106.00M | Raised |
| Jul 25, 2024 | G&A expense | FY2024 | $45.00M – $49.00M | Lowered |
| Jul 25, 2024 | Non-cash revenue items | FY2024 | $14.50M – $18.50M | Lowered |
| Jul 25, 2024 | Adjustments for collectibility | FY2024 | $4.00M – $5.00M | Lowered |
| Jul 25, 2024 | Nareit FFO per share | FY2024 | $2.34 – $2.41 | Reaffirmed |
| Apr 25, 2024 | Core FFO per share | FY2024 | $2.37 – $2.45 | Reaffirmed |
| Apr 25, 2024 | Net income per share | FY2024 | $0.51 – $0.55 | Lowered |
| Apr 25, 2024 | Same-Center NOI growth | FY2024 | +3.25% – +4.25% | Reaffirmed |
| Apr 25, 2024 | Acquisitions, net | FY2024 | $200.00M – $300.00M | Raised |
| Apr 25, 2024 | Interest expense, net | FY2024 | $98.00M – $106.00M | Lowered |
| Apr 25, 2024 | G&A expense | FY2024 | $45.00M – $49.00M | Lowered |
| Apr 25, 2024 | Non-cash revenue items (1) | FY2024 | $14.50M – $18.50M | Lowered |
| Apr 25, 2024 | Adjustments for collectibility | FY2024 | $4.00M – $5.00M | Lowered |
| Apr 25, 2024 | Nareit FFO per share | FY2024 | $2.34 – $2.41 | Reaffirmed |
| Feb 8, 2024 | Core FFO per share | FY2024 | $2.37 – $2.45 | New |
| Feb 8, 2024 | Net income per share | FY2024 | $0.53 – $0.58 | New |
| Feb 8, 2024 | Same-Center NOI growth | FY2024 | +3.25% – +4.25% | New |
| Feb 8, 2024 | Acquisitions, net | FY2024 | $200.00M – $300.00M | New |
| Feb 8, 2024 | Adjustments for collectibility | FY2024 | $4.00M – $5.00M | Lowered |
| Feb 8, 2024 | Interest expense, net | FY2024 | $95.00M – $105.00M | New |
| Feb 8, 2024 | G&A expense | FY2024 | $45.00M – $49.00M | Lowered |
| Feb 8, 2024 | Non-cash revenue items (1) | FY2024 | $14.50M – $18.50M | New |
| Feb 8, 2024 | Nareit FFO per share | FY2024 | $2.34 – $2.41 | New |
| Oct 31, 2023 | Development and redevelopment spend | FY2023 | $35.00M – $45.00M | Reaffirmed |
| Oct 31, 2023 | Core FFO per share | FY2023 | $2.31 – $2.35 | Narrowed |
| Oct 31, 2023 | Net income per share | FY2023 | $0.46 – $0.50 | Lowered |
| Oct 31, 2023 | Same-Center NOI growth | FY2023 | +3.75% – +4.5% | Reaffirmed |
| Oct 31, 2023 | Acquisitions (net of dispositions) | FY2023 | $250.00M – $300.00M | Raised |
| Oct 31, 2023 | Non-cash revenue items (1) | FY2023 | $15.50M – $18.50M | Lowered |
| Oct 31, 2023 | Adjustments for collectibility | FY2023 | $3.00M – $4.00M | Lowered |
| Oct 31, 2023 | Interest expense, net | FY2023 | $85.00M – $88.00M | New |
| Oct 31, 2023 | G&A expense | FY2023 | $44.00M – $47.00M | Lowered |
| Oct 31, 2023 | Nareit FFO per share | FY2023 | $2.23 – $2.27 | Lowered |
| Aug 1, 2023 | Development and redevelopment spend | FY2023 | $35.00M – $45.00M | Lowered |
| Aug 1, 2023 | Core FFO per share | FY2023 | $2.30 – $2.36 | Raised |
| Aug 1, 2023 | Net income per share | FY2023 | $0.51 – $0.55 | Raised |
| Aug 1, 2023 | Same-Center NOI growth | FY2023 | +3.75% – +4.5% | Raised |
| Aug 1, 2023 | Acquisitions (net of dispositions) | FY2023 | $200.00M – $300.00M | Raised |
| Aug 1, 2023 | Interest expense, net | FY2023 | $85.00M – $90.00M | Lowered |
| Aug 1, 2023 | G&A expense | FY2023 | $44.00M – $48.00M | Lowered |
| Aug 1, 2023 | Non-cash revenue items (1) | FY2023 | $16.00M – $19.00M | Lowered |
| Aug 1, 2023 | Adjustments for collectibility | FY2023 | $3.00M – $4.00M | Lowered |
| Aug 1, 2023 | Nareit FFO per share | FY2023 | $2.27 – $2.32 | Raised |
| May 2, 2023 | Development and redevelopment spend | FY2023 | $50.00M – $60.00M | Reaffirmed |
| May 2, 2023 | Core FFO per share | FY2023 | $2.28 – $2.34 | Reaffirmed |
| May 2, 2023 | Net income per share | FY2023 | $0.47 – $0.52 | Reaffirmed |
| May 2, 2023 | Same-Center NOI growth | FY2023 | +3% – +4% | New |
| May 2, 2023 | Acquisitions (net of dispositions) | FY2023 | $200.00M – $300.00M | Raised |
| May 2, 2023 | Interest expense, net | FY2023 | $85.00M – $90.00M | Lowered |
| May 2, 2023 | G&A expense | FY2023 | $44.00M – $48.00M | Lowered |
| May 2, 2023 | Non-cash revenue items (1) | FY2023 | $14.00M – $19.00M | Lowered |
| May 2, 2023 | Adjustments for collectibility | FY2023 | $3.50M – $4.50M | Lowered |
| May 2, 2023 | Nareit FFO per share | FY2023 | $2.23 – $2.29 | Reaffirmed |
| Feb 9, 2023 | Development and redevelopment spend | FY2023 | $50.00M – $60.00M | New |
| Feb 9, 2023 | Core FFO per share | FY2023 | $2.28 – $2.34 | New |
| Feb 9, 2023 | Net income per share | FY2023 | $0.47 – $0.52 | New |
| Feb 9, 2023 | Same-Center NOI growth | FY2023 | +3% – +4% | New |
| Feb 9, 2023 | Acquisitions (net of dispositions) | FY2023 | $200.00M – $300.00M | New |
| Feb 9, 2023 | Interest expense, net | FY2023 | $83.00M – $89.00M | Lowered |
| Feb 9, 2023 | G&A expense | FY2023 | $44.00M – $48.00M | Lowered |
| Feb 9, 2023 | Non-cash revenue items (1) | FY2023 | $15.00M – $20.00M | Lowered |
| Feb 9, 2023 | Adjustments for uncollectibility | FY2023 | $3.50M – $4.50M | Lowered |
| Feb 9, 2023 | Nareit FFO per share | FY2023 | $2.23 – $2.29 | New |
| Nov 3, 2022 | Core FFO per share | FY2022 | $2.22 – $2.26 | Raised |
| Nov 3, 2022 | Net income per share | FY2022 | $0.36 – $0.39 | Narrowed |
| Nov 3, 2022 | Same-Center NOI growth | FY2022 | +4.1% – +4.5% | Raised |
| Nov 3, 2022 | Acquisitions (net of dispositions) | FY2022 | $200.00M – $250.00M | Lowered |
| Nov 3, 2022 | Nareit FFO per share | FY2022 | $2.11 – $2.15 | Raised |
| Aug 4, 2022 | Core FFO per share | FY2022 | $2.19 – $2.25 | Raised |
| Aug 4, 2022 | Net income per share | FY2022 | $0.34 – $0.40 | Raised |
| Aug 4, 2022 | Same-Center NOI growth | FY2022 | +3.75% – +4.5% | Raised |
| Aug 4, 2022 | Acquisitions (net of dispositions) | FY2022 | $200.00M – $300.00M | Lowered |
| Aug 4, 2022 | Nareit FFO per share | FY2022 | $2.09 – $2.15 | Raised |
| May 5, 2022 | Core FFO per share | FY2022 | $2.18 – $2.24 | Raised |
| May 5, 2022 | Net income per share | FY2022 | $0.29 – $0.35 | Reaffirmed |
| May 5, 2022 | Acquisitions (net of dispositions) | FY2022 | $300.00M – $400.00M | Reaffirmed |
| May 5, 2022 | Same-Center NOI growth | FY2022 | +3.25% – +4% | New |
| May 5, 2022 | Nareit FFO per share | FY2022 | $2.07 – $2.13 | Raised |
| Feb 10, 2022 | Core FFO per share | FY2022 | $2.16 – $2.24 | New |
| Feb 10, 2022 | Net income per share | FY2022 | $0.29 – $0.35 | New |
| Feb 10, 2022 | Same-Center NOI growth | FY2022 | +3% – +4% | New |
| Feb 10, 2022 | Acquisitions (net of dispositions) | FY2022 | $300.00M – $400.00M | New |
| Feb 10, 2022 | Nareit FFO per share | FY2022 | $2.05 – $2.12 | New |
| Nov 4, 2021 | Core FFO per share | FY2021 | $2.14 – $2.18 | New |
| Nov 4, 2021 | Net income per share | FY2021 | $0.21 – $0.26 | New |
| Nov 4, 2021 | Same-Center NOI growth | FY2021 | +6.5% – +7% | New |
| Nov 4, 2021 | Acquisitions | FY2021 | $200.00M – $270.00M | New |
| Nov 4, 2021 | Dispositions | FY2021 | $95.00M – $105.00M | Lowered |
| Nov 4, 2021 | Nareit FFO per share | FY2021 | $1.82 – $1.86 | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Phillips Edison & filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Update
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- Results
- Update