Here are the 10-K annual reports from Phillips Edison & Company, Inc. (PECO) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PECO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PECO filings page.
Phillips Edison & Company is a REIT focused on omni-channel, grocery-anchored neighborhood shopping centers. As of December 31, 2025, its managed portfolio, including unconsolidated joint ventures, comprised approximately 36.7 million square feet in 31 states and was 97.3% leased.
The company wholly owned 297 shopping centers and held minority interests in three grocery-focused joint ventures. Its strategy centers on necessity-based retailers, high occupancy in small-format centers, and a SOAR framework emphasizing leasing spreads, occupancy, market advantages, and tenant retention to drive cash flow, rent growth, and long-term value.
Balance sheet priorities include maintaining investment grade ratings of Baa2 (Outlook: Stable) and BBB (Outlook: Stable). As of December 31, 2025, indebtedness totaled $2.4 billion and liquidity was $925.1 million, including $43.3 million of cash and $881.8 million of available capacity on a $1 billion revolving credit facility.