Phillips Edison & Company, Inc. ("PECO") is one of the nation's largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers. PECO's centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO's top grocery anchors include Kroger, Publix, Albertsons and Ahold Delhaize. As of March 31, 2025, PECO managed 321 shopping centers, including 298 wholly-owned centers comprising 33.5 million square feet across 31 states and 23 shopping centers owned in three institutional joint ventures. PECO is focused on creating great omni-channel, grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time.
Grocery-Anchored REIT | Explore PECO's strategic focus on essential retail, providing stability amidst retail sector challenges while facing potential tenant issues and economic uncertainties |
Acquisition-Driven Growth | Delve into PECO's steady acquisition strategy, aligning with guidance and potentially strengthening market position despite a challenging retail environment |
Retail Market Dynamics | Learn how PECO navigates mixed economic signals, maintaining growth and dividends while analysts consider scenarios from mild recession to continued expansion |
Tenant Health Concerns | Uncover the implications of potential tenant bankruptcies and bad debt on PECO's performance, with Wells Fargo setting a $34 price target amidst these challenges |
Metrics to compare | PECO | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipPECOPeersSector | |
---|---|---|---|---|
P/E Ratio | 61.9x | 10.6x | 8.9x | |
PEG Ratio | 4.47 | 0.68 | 0.01 | |
Price/Book | 2.1x | 1.2x | 0.9x | |
Price / LTM Sales | 6.8x | 8.0x | 3.9x | |
Upside (Analyst Target) | 12.0% | 12.3% | 12.3% | |
Fair Value Upside | Unlock | −3.1% | −0.2% | Unlock |