Pulling SEC filings + quote and writing the call…

Phillips Edison & Company, Inc.
Next earnings Jul 22, 2026 · consensus $0.19 EPS, $193M rev
Last earnings +2.1% on 2026-04-23
High-occupancy grocery-anchored REIT growing FFO and its dividend, with defensive necessity-based tenancy and healthy leverage.
Sources: SEC EDGAR (CIK 0001476204, latest 10-Q filed 2026-04-24) · EODHD · analysis by claude-code · as of 6/21/2026, 8:57:46 PM.
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The fundamentals carry the rating, but the price is rich (~20% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
Phillips Edison is a pure-play grocery-anchored shopping-center REIT — 324 properties across 31 states, 97.3% leased, with necessity-based 'Neighbors' that make the cash flows highly defensive. The portfolio is well diversified (top markets Atlanta, Chicago, Dallas, Sacramento) and the grocery anchor drives recurring foot traffic that insulates it from much of the e-commerce pressure on other retail formats.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $10.3M | $11.5M | $9.65M | $10.7M | $12.8M |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $15.1M | $48.3M | $56.8M | $62.7M | $111M |
| Diluted EPS | $0.15 | $0.42 | $0.48 | $0.51 | $0.89 |
| Net margin | 146.3% | 418.7% | 589.3% | 584.1% | 872.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1074 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
| 2026-05-12 | Fischer Elizabeth Director | Award | 2.90K | |
| 2026-05-12 | QUAZZO STEPHEN R Director | Award | 2.90K | |
| 2026-05-12 | Silfen Jane Director | Award | 2.90K | |
| 2026-05-12 | Strong John A. Director | Award | 2.90K | |
| 2026-05-12 | Wood Gregory S. Director | Award | 2.90K | |
| 2026-05-12 | Terry Anthony E Director | Award | 2.90K | |
| 2026-05-12 | CHAO LESLIE T Director | Award | 2.90K |