Filing Flows › Phillips Edison & Company (PECO) › Q1 2026
Phillips Edison & Company (PECO) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 24, 2026
Phillips Edison & Company (PECO) reported revenue of $191M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +2% from the quarter before. Operating margin was 17.5%, net earnings $30.4M (15.9% of revenue).
Phillips Edison & Company, Q1 2026: revenue $191M (+7% year over year), operating margin 17.5%, net earnings $30.4M, operating cash flow $55.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $191M | +2% | +7% |
| Operating profit | $33.4M | -37% | +15% |
| Net earnings | $30.4M | -36% | +15% |
| Operating cash flow | $55.6M | -42% | -8% |
| Free cash flow | $29.1M | -48% | -15% |
What changed
Revenue was $190.7M in Q1 2026, up 7% year over year and up 2% from the previous quarter.
Operating profit was $33.4M, a 17.5% margin (up 1.3 points year over year). Of the extra revenue versus Q1 2025, 36% reached operating profit, above the 16% margin then. Total costs grew 5% against revenue growth of 7%. Net earnings were $30.4M, up 15% year over year. The effective tax rate was 0.6%.
Operating cash flow was $55.6M (down 8% year over year), 167% of net income including minority interests. Non-cash charges added back $65.5M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $45.4M. Capital expenditures of $26.5M left free cash flow of $29.1M.
Questions
What was Phillips Edison & Company's revenue in the first quarter 2026?
Phillips Edison & Company (PECO) reported revenue of $191M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +2% from the quarter before.
Was Phillips Edison & Company profitable in the first quarter 2026?
Operating profit was $33.4M (17.5% of revenue) and net earnings $30.4M.