Filing Flows › Phillips Edison & Company (PECO) › Q1 2025
Phillips Edison & Company (PECO) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
Phillips Edison & Company (PECO) reported revenue of $178M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +3% from the quarter before. Operating margin was 16.3%, net earnings $26.3M (14.8% of revenue).
Phillips Edison & Company, Q1 2025: revenue $178M (+10% year over year), operating margin 16.3%, net earnings $26.3M, operating cash flow $60.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $178M | +3% | +11% |
| Operating profit | $29.0M | +67% | +47% |
| Net earnings | $26.3M | +45% | +49% |
| Operating cash flow | $60.5M | -28% | -4% |
| Free cash flow | $34.2M | -23% | -32% |
What changed
Revenue was $178.3M in Q1 2025, up 11% year over year and up 3% from the previous quarter.
Operating profit was $29.0M, a 16.3% margin (up 4.0 points year over year). Of the extra revenue versus a year earlier, 54% reached operating profit, above the 12% margin then. Total costs grew 5% against revenue growth of 11%. Net earnings were $26.3M, up 49% year over year. The effective tax rate was 0.3%.
Operating cash flow was $60.5M (down 4% year over year), 210% of net income including minority interests. Non-cash charges added back $65.3M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $35.8M. Capital expenditures of $26.4M left free cash flow of $34.2M.
Questions
What was Phillips Edison & Company's revenue in the first quarter 2025?
Phillips Edison & Company (PECO) reported revenue of $178M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +3% from the quarter before.
Was Phillips Edison & Company profitable in the first quarter 2025?
Operating profit was $29.0M (16.3% of revenue) and net earnings $26.3M.