Below are the financial statements of Phillips Edison & Co, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Investment in real estate | — | — |
| Land and improvements | 1,867.23a | 1,768.49a |
| Building and improvements | 4,085.71a | 3,818.18a |
| In-place lease assets | 523.21a | 495.53a |
| Above-market lease assets | 76.36a | 74.45a |
| Total investment in real estate assets | 6,552.51a | 6,156.64a |
| Accumulated depreciation and amortization | -1,771.05a | -1,540.55a |
| Net investment in real estate assets | 4,781.46a | 4,616.09a |
| Investment in unconsolidated joint ventures | 31.72a | 25.22a |
| Total investment in real estate assets, net | 4,813.18a | 4,641.31a |
| Cash and cash equivalents | 4.88a | 4.87a |
| Restricted cash | 3.77a | 4.01a |
| Goodwill | 29.07a | 29.07a |
| Other assets, net | 195.33a | 186.41a |
| Total assets | 5,046.22a | 4,865.67a |
| Liabilities and equity | — | — |
| Liabilities | — | — |
| Debt obligations, net | 2,109.54a | 1,969.27a |
| Below-market lease liabilities, net | 116.1a | 108.22a |
| Accounts payable and other liabilities | 163.69a | 116.46a |
| Deferred income | 22.91a | 18.36a |
| Total liabilities | 2,412.24a | 2,212.32a |
| Commitments and contingencies | 0a | 0a |
| Equity | — | — |
| Preferred stock | 0a | 0a |
| Common stock | 1.25a | 1.22a |
| Additional paid-in capital (APIC) | 3,646.8a | 3,546.84a |
| Accumulated other comprehensive income (AOCI) | 4.31a | 10.52a |
| Accumulated deficit | -1,332.44a | -1,248.27a |
| Total stockholders’ equity | 2,319.92a | 2,310.31a |
| Noncontrolling interests | 314.06a | 343.04a |
| Total equity | 2,633.99a | 2,653.35a |
| Total liabilities and equity | 5,046.22a | 4,865.67a |
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