Phillips Edison & Company Inc. Common Stock (PECO)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach this as a business first and a stock second. Phillips Edison owns grocery-anchored neighborhood centers, a necessity-based niche where location and anchor traffic can create a modest but durable edge; the vertically integrated platform is a plus. Filed figures show momentum: in fiscal Q2 2026, the quarter ended 2026-06-30, net income was $41.1M and diluted EPS $0.33, versus $12.8M and $0.10 in fiscal Q2 2025, the quarter ended 2025-06-30. For FY2025, the year ended 2025-12-31, filed net income was $111.3M versus $62.7M in FY2024, and filed revenue rose from $9.6M in FY2023 to $10.7M in FY2024 and $12.8M in FY2025. That trend is encouraging, though the filed revenue scale looks odd against the stated $189.6M latest-quarter revenue, so I would demand clean FFO/AFFO before trusting the cash-earnings picture. As a REIT, EPS and P/E are distorted by depreciation; FFO/AFFO are the right measures and are not in the data, so I lean on dividend yield, leverage, revenue trend, and price-to-book. At the $38.60 close on 2026-10-26, FairStock calculates P/B 2.09, EV/EBITDA 14.03, P/E 33.86, dividend yield 3.71%, FCF yield 4.8%, D/E 0.92, ROE 6.02%, ROCE 2.55%, and Altman Z-score 0.75. Those are neither a bargain nor a disaster. The FairStock score of 46/100 and STALWART category—profit growing 87.7% a year over five years and revenue 5.4%—fit a steady but not cheap operator. I see quality, but little cushion.

In plain English: The company owns and runs grocery-anchored shopping centers that are mostly filled with stores selling everyday necessities. The business looks reasonably strong, with profit improving, a modest dividend, and debt that is manageable but not low. At $38.60 a share, the price looks fair to slightly expensive versus the company's reported profit and net assets, while the key cash measures for property owners are missing.

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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer