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Phillips Edison & Company PECO Florida — Concentration risk (as a percent)

Other geography segments

California
11.3%+2.7%
Texas
0.2%

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Other financials

Income statement

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Revenue$189.6M+6.7%
Net income$41.1M+222%
EPS (diluted)$0.33+230%

Balance sheet

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Cash & equivalents$7.1M+27.6%
Total debt$2.5B+2.4%
Total equity$2.4B+3.7%
Total assets$5.4B+3.3%

Cash flow

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Operating cash flow$118.0M+22.8%
CapEx$13.3M+37.7%
Free cash flow$119.6M+22.7%

Valuation

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Market cap$5.24B+23.7%
Enterprise value$7.68B+16.0%
P/E36.5×-25.1×
P/S+0.9×

Profitability

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Net margin19.1%+9.2pp
FCF margin46.4%-1.1pp

Returns & leverage

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Return on equity6.2%+3.1pp
Debt / equity0.0×

Where this comes from

Reported directly by Phillips Edison & Company in its filing.

Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.

The source filing: Phillips Edison & Company’s 10-Q, filed April 24, 2026.

Filed
Apr 24, 2026, 4:43 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001476204-26-000024

No single tenant comprised 10% or more of our aggregate annualized base rent (“ABR”) as of March 31, 2026. As of March 31, 2026, our wholly-owned real estate investments in Florida, California, and Texas represented 11.9%, 11.3%, and 10.0% of our ABR, respectively. As a result, the geographic concentration of our portfolio makes it particularly susceptible to adverse natural or economic events in the Florida, California, and Texas real estate markets.

Item 1. FINANCIAL STATEMENTS (CONDENSED AND UNAUDITED)

FAQ

What is Phillips Edison & Company's florida — concentration risk (as a percent)?
Phillips Edison & Company (PECO) reported florida — concentration risk (as a percent) of 11.9% in Q1 2026.
How has Phillips Edison & Company's florida — concentration risk (as a percent) changed year-over-year?
Phillips Edison & Company's florida — concentration risk (as a percent) increased by 1.7% year-over-year, from 11.7% to 11.9%.
What does florida — concentration risk (as a percent) mean?
This metric measures the proportion of total segment revenue or asset value derived from a single tenant, industry, or specific geographic cluster within the Florida market. It serves as a key indicator of exposure to localized economic downturns or the potential impact of a single major tenant's default. Monitoring this concentration helps investors assess the diversification level and stability of the regional portfolio's cash flow.

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