Phillips Edison & Company, Inc. — Earnings Quality Grade F
PECO · Real Estate
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 27 days, change +1 days YoY
AR growth 13.0% vs revenue growth 9.9%
Revenue 9.9%, CFFO 4.0%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 43.2% is >2x revenue growth 9.9%
SG&A/Gross Profit = 10.0%, excellent (<30%)
Gross margin 71.1%, change -0.1pp. Stable
Cash Flow Quality
CFFO/NI = 3.13. Profits backed by cash
FCF $0.2B, FCF/NI = 1.90
Accruals ratio = -4.5%. Low accruals
Cash $0.0B covers only 1% of debt $2.5B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 2% of equity. Manageable
Debt/EBITDA = 5.0x (>4x). Interest coverage = 1.8x (<2x). Financial stress
Other assets -12.5% vs revenue 9.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -2.61 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score — Not Applicable
Phillips Edison & Company, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25