Filing Flows › Phillips Edison & Company (PECO) › Q2 2026
Phillips Edison & Company (PECO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 24, 2026
Phillips Edison & Company (PECO) reported revenue of $190M for the second quarter 2026 (Q2 2026), +7% from a year earlier and -0.6% from the quarter before. Operating margin was 24.0%, net earnings $41.1M (21.7% of revenue).
Phillips Edison & Company, Q2 2026: revenue $190M (+7% year over year), operating margin 24.0%, net earnings $41.1M, operating cash flow $118M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $190M | -0.6% | +7% |
| Operating profit | $45.5M | +36% | +215% |
| Net earnings | $41.1M | +35% | +222% |
| Operating cash flow | $118M | +112% | +23% |
| Free cash flow | $94.0M | +223% | +49% |
What changed
Revenue was $189.6M in Q2 2026, up 7% year over year and down 1% from the previous quarter.
Operating profit was $45.5M, a 24.0% margin (up 15.8 points year over year). Of the extra revenue versus Q2 2025, 261% reached operating profit, above the 8% margin then. Total costs fell 12% while revenue rose 7%. Net earnings were $41.1M, up 222% year over year. The effective tax rate was 0.4%.
Operating cash flow was $118.0M (up 23% year over year), 261% of net income including minority interests. Non-cash charges added back $66.8M of depreciation and amortization and $3.6M of share-based compensation. Capital expenditures of $24.0M left free cash flow of $94.0M.
Questions
What was Phillips Edison & Company's revenue in the second quarter 2026?
Phillips Edison & Company (PECO) reported revenue of $190M for the second quarter 2026 (Q2 2026), +7% from a year earlier and -0.6% from the quarter before.
Was Phillips Edison & Company profitable in the second quarter 2026?
Operating profit was $45.5M (24.0% of revenue) and net earnings $41.1M.