Phillips Edison & Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	726.59	661.39	610.12	575.37	532.85
Revenue Growth (YoY)	9.86%	8.40%	6.04%	7.98%	6.99%
Property Expenses	123.65	112.63	102.3	95.36	92.91
Total Property Expenses	123.65	112.63	102.3	95.36	92.91
Property Taxes	86.09	77.68	72.82	67.86	65.38
Gross Profit	516.86	471.08	435.01	412.15	374.55
Selling, General & Admin	51.64	45.61	44.37	45.24	48.82
Depreciation & Amortization Expenses	266.37	253.02	236.44	236.22	221.43
Other Operating Expenses	-	-	-	0.32	6.75
Operating Income	198.85	172.45	154.2	130.37	97.54
Net Gains on Disposal of Properties	38.79	-0.03	1.11	7.52	30.42
Interest Expense	-110.34	-96.99	-84.23	-71.2	-76.37
Other Non-Operating Income (Expense)	-4.33	-5.73	-7.31	-12.16	-34.36
Total Non-Operating Income (Expense)	-75.88	-102.75	-90.43	-75.84	-80.31
Pretax Income	122.97	69.7	63.76	54.53	17.23
Net Income	122.97	69.7	63.76	54.53	17.23
Net Income to Common	122.97	69.7	63.76	54.53	17.23
Net Income Growth	76.44%	9.31%	16.93%	216.42%	215.51%
Shares Outstanding (Basic)	126	123	118	115	102
Shares Outstanding (Diluted)	139	137	133	130	117
Shares Change (YoY)	1.52%	2.90%	2.02%	11.71%	4.96%
EPS (Basic)	0.89	0.51	0.48	0.42	0.15
EPS (Diluted)	0.89	0.51	0.48	0.42	0.15
EPS Growth	74.51%	6.25%	14.29%	180.00%	200.00%
Shares Outstanding	125.79	125.12	122.02	117.13	113.22
Free Cash Flow	-148.21	-56.64	-74.56	-95.61	-120.49
Free Cash Flow Per Share	-1.07	-0.41	-0.56	-0.73	-1.03
Dividends Per Share	1.253	1.190	1.136	1.093	1.035
Dividend Growth	5.31%	4.72%	3.95%	5.62%	76.17%
Gross Margin	71.13%	71.22%	71.30%	71.63%	70.29%
Operating Margin	27.37%	26.07%	25.27%	22.66%	18.31%
Profit Margin	16.92%	10.54%	10.45%	9.48%	3.23%
FCF Margin	-20.40%	-8.56%	-12.22%	-16.62%	-22.61%
EBITDA	465.22	425.46	390.64	366.59	318.98
EBITDA Margin	64.03%	64.33%	64.03%	63.71%	59.86%
EBIT	198.85	172.45	154.2	130.37	97.54
EBIT Margin	27.37%	26.07%	25.27%	22.66%	18.31%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q