Phillips Edison & Company, Inc.
For the period ended Mar 31, 2025. Filed Apr 25, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 25, 2025
PECO$41.20+0.9%Stored close · as of Nov 10, 2026
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CONSOLIDATED BALANCE SHEETS AS OF MARCH AND DECEMBER 31,
CONSOLIDATED BALANCE SHEETS
AS OF MARCH 31, 2025 AND DECEMBER 31, 2024
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Investment in real estate: | ||
| Land and improvements | $1,904,607 | $1,867,227 |
| Building and improvements | 4,165,580 | 4,085,713 |
| In-place lease assets | 530,825 | 523,209 |
| Above-market lease assets | 76,814 | 76,359 |
| Total investment in real estate assets | 6,677,826 | 6,552,508 |
| Accumulated depreciation and amortization | (1,814,416) | (1,771,052) |
| Net investment in real estate assets | 4,863,410 | 4,781,456 |
| Investment in unconsolidated joint ventures | 34,746 | 31,724 |
| Total investment in real estate assets, net | 4,898,156 | 4,813,180 |
| Cash and cash equivalents | 5,458 | 4,881 |
| Restricted cash | 2,395 | 3,768 |
| Goodwill | 29,066 | 29,066 |
| Other assets, net | 226,664 | 195,328 |
| Total assets | $5,161,739 | $5,046,223 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Debt obligations, net | $2,277,735 | $2,109,543 |
| Below-market lease liabilities, net | 118,253 | 116,096 |
| Accounts payable and other liabilities | 123,557 | 163,692 |
| Deferred income | 21,619 | 22,907 |
| Total liabilities | 2,541,164 | 2,412,238 |
| Commitments and contingencies (see Note 8) | — | — |
| Equity: | ||
| Preferred stock, $0.01 par value per share, 10,000 shares authorized, zero shares issued and outstanding at March 31, 2025 and December 31, 2024 | — | — |
| Common stock, $0.01 par value per share, 1,000,000 shares authorized, 125,407 and 125,120 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 1,254 | 1,251 |
| Additional paid-in capital (“APIC”) | 3,652,286 | 3,646,801 |
| Accumulated other comprehensive income (“AOCI”) | 2,706 | 4,305 |
| Accumulated deficit | (1,344,819) | (1,332,435) |
| Total stockholders’ equity | 2,311,427 | 2,319,922 |
| Noncontrolling interests | 309,148 | 314,063 |
| Total equity | 2,620,575 | 2,633,985 |
| Total liabilities and equity | $5,161,739 | $5,046,223 |
| PHILLIPS EDISON & COMPANYMARCH 31, 2025 FORM 10-Q | 2 |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.