Phillips Edison Balance Sheet Health
Financial Health criteria checks 2/6
Phillips Edison has a total shareholder equity of $2.6B and total debt of $2.3B, which brings its debt-to-equity ratio to 86.9%. Its total assets and total liabilities are $5.2B and $2.5B respectively. Phillips Edison's EBIT is $178.5M making its interest coverage ratio 2. It has cash and short-term investments of $5.5M.
Key information
86.9%
Debt to equity ratio
US$2.28b
Debt
| Interest coverage ratio | 2x |
| Cash | US$5.46m |
| Equity | US$2.62b |
| Total liabilities | US$2.54b |
| Total assets | US$5.16b |
Recent financial health updates
No updates
Recent updates
Phillips Edison: Excellent Fundamentals Support Investment Thesis
Apr 29Phillips Edison: Prime Grocery-Anchored Real Estate At A Great Price
Feb 10Phillips Edison & Company: Defensive Shopping Center REIT
Nov 13Phillips Edison: A High-Quality REIT At A High Valuation
Sep 20
Grocery-Anchored Shopping Centers Drive Growth And Resilience For Retail REIT
Aug 30 The strategy of focusing on grocery-anchored shopping centers and necessity-based retail tenants aims to enhance revenue, occupancy rates, and stable income.Phillips Edison Q2 Earnings: Slow And Steady Wins The Race
Jul 31Financial Position Analysis
Short Term Liabilities: PECO's short term assets ($168.3M) exceed its short term liabilities ($123.6M).
Long Term Liabilities: PECO's short term assets ($168.3M) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: PECO's net debt to equity ratio (86.7%) is considered high.
Reducing Debt: PECO's debt to equity ratio has reduced from 115.5% to 86.9% over the past 5 years.
Debt Coverage: PECO's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: PECO's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/05 05:53 |
| End of Day Share Price | 2025/05/02 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Phillips Edison & Company, Inc. is covered by 16 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Kim | BMO Capital Markets Equity Research |
| Juan Sanabria | BMO Capital Markets Equity Research |
| null null | BMO Capital Markets Equity Research |