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Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Concentration risk (as a percent) by Geography
California11.3%0.1%-10.9pp11%
Florida11.9%+11.8pp0.1%-0.1pp0.2%0%-11.7pp11.7%
Texas10%10.6%+8.1pp

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Questions, answered.

How does Phillips Edison & Company break its business down?
Phillips Edison & Company (PECO) reports concentration risk (as a percent) by geography across 3 parts — California, Florida and Texas. Each is extracted from the segment footnotes and tracked over time.
Where does Phillips Edison & Company's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Phillips Edison & Company's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.