Phillips Edison (PECO)
Market Price (12/4/2025): $34.8 | Market Cap: $4.4 BilSector: Real Estate | Industry: Retail REITs
Phillips Edison (PECO)
Market Price (12/4/2025): $34.8Market Cap: $4.4 BilSector: Real EstateIndustry: Retail REITs
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5%, Dividend Yield is 3.6% | Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -49% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 58% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 47%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28% | ||
| Low stock price volatilityVol 12M is 19% | ||
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, E-commerce & DTC Adoption, and Smart Buildings & Proptech. Themes include ESG REITs, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5%, Dividend Yield is 3.6% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 47%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28% |
| Low stock price volatilityVol 12M is 19% |
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, E-commerce & DTC Adoption, and Smart Buildings & Proptech. Themes include ESG REITs, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -49% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 58% |
Valuation, Metrics & Events
PECO Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
1. Focus on necessity-based retail. Phillips Edison & Company (PECO) specializes in owning and operating grocery-anchored shopping centers, which provide essential goods and services. This necessity-based retail model offers resilience against economic fluctuations and e-commerce impacts, contributing to stable cash flows and, consequently, more predictable stock performance.
2. High and consistent occupancy rates. The company consistently maintains high occupancy rates across its portfolio. For instance, as of September 30, 2025, the total leased portfolio occupancy stood at 97.6%, with anchor occupancy at an even higher 99.2%. Such strong occupancy ensures reliable rental income, fostering financial stability that can translate into limited stock price volatility.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PECO Return | - | - | -0% | 19% | 6% | -4% | 21% |
| Peers Return | -16% | 56% | -26% | 11% | 23% | 2% | 34% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| PECO Win Rate | - | 80% | 42% | 58% | 67% | 30% | |
| Peers Win Rate | 55% | 70% | 43% | 52% | 60% | 46% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| PECO Max Drawdown | - | - | -15% | -10% | -14% | -10% | |
| Peers Max Drawdown | -60% | -4% | -36% | -19% | -9% | -13% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: EPRT, CUZ, IRT, BXMT, SPG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | PECO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -24.2% | -25.4% |
| % Gain to Breakeven | 31.9% | 34.1% |
| Time to Breakeven | 314 days | 464 days |
Compare to EPRT, CUZ, IRT, BXMT, SPG
In The Past
Phillips Edison's stock fell -24.2% during the 2022 Inflation Shock from a high on 4/21/2022. A -24.2% loss requires a 31.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to PECO. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | MPW | Medical Properties Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 8.5% | 8.5% | -5.8% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | MPW | Medical Properties Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 8.5% | 8.5% | -5.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Phillips Edison
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 28.46 |
| Mkt Cap | 4.3 |
| Rev LTM | 682 |
| Op Inc LTM | 219 |
| FCF LTM | 213 |
| FCF 3Y Avg | 253 |
| CFO LTM | 350 |
| CFO 3Y Avg | 339 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.5% |
| Rev Chg 3Y Avg | 7.3% |
| Rev Chg Q | 14.5% |
| QoQ Delta Rev Chg LTM | 3.3% |
| Op Mgn LTM | 26.8% |
| Op Mgn 3Y Avg | 25.6% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 45.7% |
| CFO/Rev 3Y Avg | 54.9% |
| FCF/Rev LTM | 36.2% |
| FCF/Rev 3Y Avg | 42.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.3 |
| P/S | 6.1 |
| P/EBIT | 21.8 |
| P/E | 41.1 |
| P/CFO | 13.8 |
| Total Yield | 5.5% |
| Dividend Yield | 3.9% |
| FCF Yield 3Y Avg | 5.4% |
| D/E | 0.6 |
| Net D/E | 0.6 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.7% |
| 3M Rtn | 0.3% |
| 6M Rtn | -0.5% |
| 12M Rtn | -4.6% |
| 3Y Rtn | 17.0% |
| 1M Excs Rtn | 3.7% |
| 3M Excs Rtn | -6.1% |
| 6M Excs Rtn | -15.2% |
| 12M Excs Rtn | -20.1% |
| 3Y Excs Rtn | -52.3% |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10242025 | 10-Q 9/30/2025 |
| 6302025 | 7252025 | 10-Q 6/30/2025 |
| 3312025 | 4252025 | 10-Q 3/31/2025 |
| 12312024 | 2112025 | 10-K 12/31/2024 |
| 9302024 | 10252024 | 10-Q 9/30/2024 |
| 6302024 | 7262024 | 10-Q 6/30/2024 |
| 3312024 | 4262024 | 10-Q 3/31/2024 |
| 12312023 | 2122024 | 10-K 12/31/2023 |
| 9302023 | 11012023 | 10-Q 9/30/2023 |
| 6302023 | 8022023 | 10-Q 6/30/2023 |
| 3312023 | 5032023 | 10-Q 3/31/2023 |
| 12312022 | 2212023 | 10-K 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 8052022 | 10-Q 6/30/2022 |
| 3312022 | 5052022 | 10-Q 3/31/2022 |
| 12312021 | 2162022 | 10-K 12/31/2021 |
External Quote Links
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