Filing Flows › Phillips Edison & Company (PECO) › Q2 2025
Phillips Edison & Company (PECO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 25, 2025
Phillips Edison & Company (PECO) reported revenue of $178M for the second quarter 2025 (Q2 2025), +10% from a year earlier and -0.3% from the quarter before. Operating margin was 8.1%, net earnings $12.8M (7.2% of revenue).
Phillips Edison & Company, Q2 2025: revenue $178M (+10% year over year), operating margin 8.1%, net earnings $12.8M, operating cash flow $96.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $178M | -0.3% | +10% |
| Operating profit | $14.5M | -50% | -17% |
| Net earnings | $12.8M | -51% | -16% |
| Operating cash flow | $96.1M | +59% | +23% |
| Free cash flow | $63.1M | +85% | +4% |
What changed
Revenue was $177.8M in Q2 2025, up 10% year over year and roughly flat from the previous quarter.
Operating profit was $14.5M, a 8.1% margin (down 2.7 points year over year). Operating profit fell $3.0M even though revenue rose $16.2M versus a year earlier, so costs grew faster than sales. Total costs grew 13% against revenue growth of 10%. The fastest-growing cost line was General & admin (+16%). Net earnings were $12.8M, down 16% year over year. The effective tax rate was 1.4%.
Operating cash flow was $96.1M (up 23% year over year), 674% of net income including minority interests. Non-cash charges added back $71.2M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $7.5M. Capital expenditures of $33.0M left free cash flow of $63.1M.
Questions
What was Phillips Edison & Company's revenue in the second quarter 2025?
Phillips Edison & Company (PECO) reported revenue of $178M for the second quarter 2025 (Q2 2025), +10% from a year earlier and -0.3% from the quarter before.
Was Phillips Edison & Company profitable in the second quarter 2025?
Operating profit was $14.5M (8.1% of revenue) and net earnings $12.8M.