Phillips Edison & Company, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $257.7m $311.5m $430.4m $536.7m $498.0m $532.8m $575.4m $9.6m $10.7m $12.8m
Revenues:
Revenue from Contract with Customer, Including Assessed Tax $32.9m $11.7m $9.8m
Operating Expenses $222.2m $294.3m $415.0m $533.9m $423.0m $435.3m $445.0m $455.9m $488.9m $527.7m
Additional Financial Items
Income (Loss) from Equity Method Investments $100k ($200k) $100k
Operating Lease, Lease Income $522.3m $485.5m $519.5m $560.5m $597.5m $647.6m $709.2m
Amortization of Intangible Assets $34.0m $31.9m
Gains (Losses) on Sales of Investment Real Estate $109.3m $28.2m $6.5m $34.3m $7.5m $1.1m ($30k) $38.8m
Goodwill, Impairment Loss $0 $0 $0 $0 $0
Insurance Services Revenue $2.0m $2.4m
Other Operating Income $2.8m $2.7m $3.0m $3.3m $3.0m $3.1m $4.7m
Net Income (Loss) Attributable to Parent $8.9m ($38.4m) $39.1m ($63.5m) $4.8m $15.1m $48.3m $56.8m $62.7m $111.3m
Net Income (Loss) Attributable to Noncontrolling Interest $111k ($3.3m) $7.8m ($9.3m) $690k $2.1m $6.2m $6.9m $7.0m $11.7m
Earnings Per Share, Basic ($0.67) $0.05 $0.15 $0.42 $0.48 $0.51 $0.89
Earnings Per Share, Diluted $0.05 ($0.21) $0.20 ($0.22) $0.02 $0.15 $0.42 $0.48 $0.51 $0.89
Common Stock, Dividends, Per Share, Declared $0.67 $0.67 $0.67 $0.67 $0.19 $1.03 $1.09 $1.14 $1.19 $1.25
Weighted Average Number of Shares Outstanding, Basic 183.9m 183.8m 196.6m 283.9m 290.3m 102.4m 115.4m 118.3m 122.7m 125.5m
Weighted Average Number of Shares Outstanding, Diluted 186.7m 196.5m 241.4m 327.1m 333.5m 116.7m 130.3m 133.0m 136.8m 138.9m
General and Administrative Expense $31.8m $36.3m $50.4m $48.5m $41.4m $48.8m $45.2m $44.4m $45.6m $51.6m
Other Nonoperating Income (Expense) ($1.7m) ($676k) $9.2m ($34.4m) ($12.2m) ($7.3m) ($5.7m) ($4.3m)
Interest Expense (non-operating) $97.0m
Business Combination, Acquisition Related Costs $5.8m $15.7m $3.3m $0 $0
Cost, Depreciation and Amortization $218.7m $217.6m $232.6m $234.3m $251.2m $264.8m
Direct Costs of Leased and Rented Property or Equipment $41.9m $53.8m $77.2m $90.9m
Interest Expense $32.5m $45.7m $72.6m $103.2m $85.3m $76.4m $71.2m $84.2m
Labor and Related Expense $28.0m $35.3m
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $1.1m $3.0m $4.2m $3.4m $2.9m $3.2m $4.3m $3.8m
Other General and Administrative Expense $30.1m $17.6m $16.4m
Real Estate Tax Expense $36.6m $43.5m $55.3m $70.2m $67.0m $65.4m $67.9m $72.8m $77.7m $86.1m
Share-based Payment Arrangement, Expensed and Capitalized, Amount $3.4m $10.4m $10.1m $6.3m $16.8m $14.9m $9.4m $10.3m $11.2m
Income Tax Expense (Benefit) ($1.8m) $1.3m
Interest Income (Expense), Nonoperating, Net ($110.3m)