PECO
Phillips Edison & Co Inc
NASDAQ: PECO · REAL ESTATE · REIT - RETAIL
$39.71
+2.88% today
Updated 2026-06-05
Market cap
$5.82B
P/E ratio
45.63
P/S ratio
7.88x
EPS (TTM)
$0.92
Dividend yield
3.06%
52W range
$32 – $42
Volume
1.0M
Phillips Edison & Co Inc (PECO) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed PECO price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$39.71
Today
Analyst consensus
$41.14
+3.60% · 12M
2030 Base
$14.30
-63.99% future
NPV today
$10.20
@ 8% WACC
9 analysts:
4 Buy5 Hold0 Sell
Management guidance
PECO management has not publicly issued specific long-term revenue targets through 2030. Latest guidance (May 2026) raised full-year 2026 net income guidance following strong Q1 results, indicating operational momentum. The company focuses on necessity-based retail acquisition and portfolio optimization without providing explicit multi-year revenue CAGR targets.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
PECO · Phillips Edison & Co Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$-0.60
NPV today: $-0.60
Base case (2030)
$14.30
NPV today: $10.20
Bull case (2030)
$36.65
NPV today: $26.15
WallStSmart.com
PECO financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $0.7B | $0.8B | $0.8B | $0.9B | $0.9B | $0.9B |
| Revenue growth | 10.7% | 6.8% | 6.4% | 5.6% | 4.6% | 3.9% |
| Net margin | — | 12.2% | 12.6% | 12.9% | 13.2% | 13.4% |
| EPS | $0.55 | $0.75 | $0.82 | $0.89 | $0.95 | $1.00 |
| Diluted shares | — | 126M | 126M | 127M | 127M | 127M |
| Net debt | — | $2.38B | $2.29B | $2.19B | $2.08B | $1.97B |
| P/S multiple | — | 4.0x | 4.0x | 4.0x | 4.0x | 4.0x |
| Implied price (base) | — | $5.70 | $8.01 | $10.27 | $12.35 | $14.30 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $0.9B | $0.9B | $0.9B |
| P/S multiple | 2.0x | 4.0x | 7.0x |
| Diluted shares | 127M | 127M | 127M |
| Net debt | $1.97B | $1.97B | $1.97B |
| Implied P/E † | -1x | 14x | 37x |
| 2030 Price | $-0.60 | $14.30 | $36.65 |
| NPV @ 8% | $-0.60 | $10.20 | $26.15 |
† Implied P/E: Multiples remain elevated across all three scenarios because PECO is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $14.30 base case
PECO catalysts and risks
Growth catalysts
+ Strategic acquisitions of high-quality grocery-anchored shopping centers (recent VP of Acquisitions hire signals acceleration)
+ Same-store NOI growth driven by necessity-based retail resilience and tenant performance improvement
+ Dividend growth trajectory (consistent monthly distributions at $0.1083/share, ~3.3% yield) supporting institutional investment
Key risks
- E-commerce pressure on traditional retail and anchor tenant viability (particularly grocery-anchored centers sensitive to food delivery disruption)
- Rising interest rates and refinancing risk given $2.61B long-term debt; debt/equity at 1.15x limits capital flexibility
- Tenant concentration risk in grocery sector; anchor tenant financial stress (e.g., Aldi, Kroger labor cost pressures) could impact occupancy and NOI
Methodology · Phillips Edison & Co Inc 2030 stock forecast model
Phillips Edison & Co Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 9 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for PECO by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($1.97B by 2030) |
| 3. Time value | NPV calculated using 8% WACC (CAPM: beta 0.571) |
| 4. Multiple framework | P/S compresses with scale: bear 2.0x / base 4.0x / bull 7.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
PECO price target FAQ
What is the PECO price target for 2030?
WallStSmart's Phillips Edison & Co Inc 2030 base case is $14.30 per share, with a bull case of $36.65 and bear case of $-0.60. The NPV of the base case discounted to today at 8% WACC is $10.20.
How is the Phillips Edison & Co Inc 2030 stock forecast calculated?
The PECO 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the PECO price target account for dilution?
Phillips Edison & Co Inc is projected to grow diluted share count from 126M to 127M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on PECO stock?
9 analysts cover PECO with an average 12-month price target of $41.14. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.