Phillips Edison (FRA:9R4) Dividend Payout Ratio: 1.45 (As of Mar. 2026) — 50% Below Median


FRA:9R4 Phillips Edison & Co Inc FRA:9R4
75 GF Score
Price €36.60
GF Value €34.94
Valuation Fairly Valued
! 7 Warning Signs
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What is Phillips Edison Dividend Payout Ratio?

Phillips Edison FRA:9R4 +1.10% 75 Dividend Payout Ratio is 1.45 as of Mar. 2026, which is 50% below its 10-year median of 2.91. GuruFocus rates FRA:9R4 with a GF Score™ of 75/100 and a GF Value™ of €34.94 (Fairly Valued). The stock has 7 warning signs investors should review. Among 711 REITs companies, Phillips Edison ranks worse than 77.36% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Phillips Edison's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.45.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Phillips Edison & Co Inc is 1.72, which seems too high.

The historical rank and industry rank for Phillips Edison's Dividend Payout Ratio or its related term are showing as below:

FRA:9R4' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.73   Med: 2.91   Max: 432.5
Current: 1.73

During the past 13 years, the highest Dividend Payout Ratio of Phillips Edison was 432.50. The lowest was 1.73. And the median was 2.91.

FRA:9R4's Dividend Payout Ratio is ranked worse than
77.36% of 711 companies
in the REITs industry
Industry Median: 0.99 vs FRA:9R4: 1.73

As of today (2026-07-09), the Dividend Yield % of Phillips Edison is 3.03%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Phillips Edison was 3.87%. The lowest was 0.61%. And the median was 3.04%.

Phillips Edison's Dividends per Share for the months ended in Mar. 2026 was €0.28.

During the past 12 months, Phillips Edison's average Dividends Per Share Growth Rate was 5.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 24.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Phillips Edison was 87.10% per year. The lowest was 1.10% per year. And the median was 11.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Phillips Edison (FRA:9R4) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Phillips Edison Dividend Payout Ratio Related Terms

Phillips Edison Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Phillips Edison's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Phillips Edison Dividend Payout Ratio Chart

Phillips Edison Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 272.00 2.92 2.41 2.19 1.80

Phillips Edison Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.65 2.78 1.77 1.45 1.45

FRA:9R4 vs KRG, SKT, EPRT: Dividend Payout Ratio Comparison

For the REIT - Retail subindustry, Phillips Edison's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Phillips Edison Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Phillips Edison's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Phillips Edison's Dividend Payout Ratio falls into.


FRA:9R4
75GF Score
Phillips Edison & Co Inc FRA:9R4
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Phillips Edison Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Phillips Edison's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.075/ 0.599
=1.79

Phillips Edison's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.281/ 0.194
=1.45

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.45 mean?
Phillips Edison (FRA:9R4) has a Dividend Payout Ratio of 1.45 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Phillips Edison and its competitors. This is 50% below median its historical median of 2.91. Over the past decade, Phillips Edison's Dividend Payout Ratio has ranged from 1.73 to 432.50. According to the industry distribution chart, Phillips Edison ranks #550 out of 711 companies in the REITs industry, placing it in the top 77.4%.
Is Phillips Edison's Dividend Payout Ratio too high?
Phillips Edison's current Dividend Payout Ratio of 1.45 is 50% below median its 10-year median of 2.91. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 432.50. The REITs industry median Dividend Payout Ratio is 0.99. Phillips Edison's value of 1.45 is 46.5% above this industry median. Based on the distribution chart, Phillips Edison ranks #550 out of 711 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Phillips Edison has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Phillips Edison's Dividend Payout Ratio compare to KRG and SKT?
According to the REITs industry distribution chart, Phillips Edison ranks #550 out of 711 companies for Dividend Payout Ratio. This places Phillips Edison in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Phillips Edison's value of 1.45 is 46.5% above this benchmark. Historically, Phillips Edison's own Dividend Payout Ratio has ranged from 1.73 to 432.50 over the past decade. While the company's 10-year median is 2.91 vs. the industry median of 0.99, Phillips Edison has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 711 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Phillips Edison's current Dividend Payout Ratio of 1.45 is 46.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Phillips Edison and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phillips Edison's current Dividend Payout Ratio is 1.45, which is 50% below median its own 10-year median of 2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phillips Edison stock overvalued right now?
Based on GuruFocus' analysis, Phillips Edison (FRA:9R4) is currently considered Fairly Valued. The stock's GF Value™ is €34.94, compared to a current price of €36.60 — trading 4.8% above its estimated fair value. The current Dividend Payout Ratio is 1.45, which is 50% below median its 10-year median of 2.91 and 46.5% above the REITs industry median of 0.99. Phillips Edison's overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Phillips Edison (FRA:9R4), the current Dividend Payout Ratio is 1.45 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Phillips Edison (FRA:9R4) Overvalued in 2026?

Based on GuruFocus' analysis, Phillips Edison stock appears to be overvalued. The current stock price of €36.60 is trading 4.8% above its estimated GF Value™ of €34.94. GuruFocus considers Phillips Edison to be Fairly Valued.

Key valuation signals for FRA:9R4:

  • Dividend Payout Ratio: 1.45 (50% below median its 10-year median of 2.91)
  • GF Value™: €34.94 vs. price of €36.60 (4.8% above fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 46.5% above the REITs median (#550 of 711)

No single metric tells the full story. See the FRA:9R4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Phillips Edison Business Description

Industry Real EstateREITs
Other Exchanges PECO:USA
Address 11501 Northlake Drive, Cincinnati, OH, USA, 45249
Phillips Edison & Co Inc is a real estate investment trust. The company also operates a third-party investment management business providing property management and advisory services to four unconsolidated institutional joint ventures, in which it has a partial ownership interest, and one private fund. It invests in well-occupied, grocery-anchored neighborhood and community shopping centers. It holds an integrated in-house operating platform built on a market of expertise designed to optimize property value and consistently deliver a great shopping experience.
75GF Score

Get the complete analysis for FRA:9R4

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€36.60
Price
€34.94
GF Value