Filing Flows › Phillips Edison & Company (PECO) › Q3 2025
Phillips Edison & Company (PECO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 24, 2025
Phillips Edison & Company (PECO) reported revenue of $183M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +3% from the quarter before. Operating margin was 15.0%, net earnings $24.7M (13.5% of revenue).
Phillips Edison & Company, Q3 2025: revenue $183M (+10% year over year), operating margin 15.0%, net earnings $24.7M, operating cash flow $95.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $183M | +3% | +10% |
| Operating profit | $27.4M | +90% | +106% |
| Net earnings | $24.7M | +93% | +113% |
| Operating cash flow | $95.4M | -0.7% | -13% |
| Free cash flow | $59.1M | -6% | -30% |
What changed
Revenue was $182.7M in Q3 2025, up 10% year over year and up 3% from the previous quarter.
Operating profit was $27.4M, a 15.0% margin (up 7.0 points year over year). Of the extra revenue versus a year earlier, 82% reached operating profit, above the 8% margin then. Total costs grew 2% against revenue growth of 10%. The fastest-growing cost line was General & admin (+15%). Net earnings were $24.7M, up 113% year over year. The effective tax rate was 0.7%.
Operating cash flow was $95.4M (down 13% year over year), 350% of net income including minority interests. Non-cash charges added back $65.6M of depreciation and amortization and $3.2M of share-based compensation. Capital expenditures of $36.4M left free cash flow of $59.1M.
Questions
What was Phillips Edison & Company's revenue in the third quarter 2025?
Phillips Edison & Company (PECO) reported revenue of $183M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +3% from the quarter before.
Was Phillips Edison & Company profitable in the third quarter 2025?
Operating profit was $27.4M (15.0% of revenue) and net earnings $24.7M.