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
Rental Revenue	709.19	647.59	597.5	560.54	519.5
Other Revenue	17.41	13.8	12.62	14.83	13.35
Total 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	209.74	190.32	175.12	163.22	158.3
Selling, General & Administrative	51.64	45.61	44.37	45.24	48.82
Depreciation & Amortization	266.37	253.02	236.44	236.22	221.43
Total Operating Expenses	527.75	488.94	455.93	444.68	428.55
Operating Income	198.85	172.45	154.2	130.69	104.3
Interest Expense	-110.25	-95.7	-76.2	-71.2	-76.37
Income (Loss) on Equity Investments	-0.08	0.09	0.37	-	-
Other Non-Operating Income	2.58	1	-11.91	-10.35	-34.36
EBT Excluding Unusual Items	91.1	77.83	66.46	49.14	-6.43
Merger & Restructuring Charges	-5.52	-4.99	-	-	-
Gain (Loss) on Sale of Investments	-	-	-3	-	-
Gain (Loss) on Sale of Assets	38.79	-0.03	1.11	7.52	30.42
Asset Writedown	-	-	-	-0.32	-6.75
Other Unusual Items	-0.09	-1.29	-0.37	-1.81	-
Pretax Income	124.28	71.52	64.2	54.53	17.23
Income Tax Expense	1.31	1.82	0.44	-	-
Earnings From Continuing Operations	122.97	69.7	63.76	54.53	17.23
Minority Interest in Earnings	-11.67	-7.01	-6.91	-6.21	-2.11
Net Income	111.3	62.69	56.85	48.32	15.12
Net Income to Common	111.3	62.69	56.85	48.32	15.12
Net Income Growth	77.56%	10.27%	17.64%	219.57%	216.87%
Basic Shares Outstanding	125	123	118	115	102
Diluted Shares Outstanding	125	123	133	130	117
Shares Change (YoY)	1.75%	-7.56%	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%	6.36%	14.61%	183.34%	200.50%
Dividend Per Share	1.253	1.190	1.136	1.093	1.035
Dividend Growth	5.31%	4.72%	3.95%	5.62%	76.17%
Operating Margin	27.37%	26.07%	25.27%	22.71%	19.57%
Profit Margin	15.32%	9.48%	9.32%	8.40%	2.84%
EBITDA	459.92	410.97	380.34	355.62	322.15
EBITDA Margin	63.30%	62.14%	62.34%	61.81%	60.46%
D&A For Ebitda	261.07	238.52	226.14	224.93	217.85
EBIT	198.85	172.45	154.2	130.69	104.3
EBIT Margin	27.37%	26.07%	25.27%	22.71%	19.57%
Funds From Operations (FFO)	353.09	323.77	299.55	280.75	211.2
FFO Per Share	2.54	2.37	2.25	2.15	1.81
Adjusted Funds From Operations (AFFO)	294.45	273.19	249.33	280.75	211.2
AFFO Per Share	2.12	2.00	1.88	2.15	1.81
FFO Payout Ratio	-	41.39%	45.32%	45.27%	50.52%
Effective Tax Rate	1.05%	2.55%	0.68%	-	-
Revenue as Reported	726.59	661.39	610.12	575.37	532.85

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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