PECO vs. NNN

Last updated Apr 2, 2026

Compare and contrast key facts about Phillips Edison & Company, Inc. (PECO) and National Retail Properties, Inc. (NNN).

Performance

PECO vs. NNN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Phillips Edison & Company, Inc. (PECO) and National Retail Properties, Inc. (NNN). The values are adjusted to include any dividend payments, if applicable.

PECO vs. NNN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PECO Phillips Edison & Company, Inc.	5.62%	-1.59%	6.20%	18.53%	-0.33%	20.40%
NNN National Retail Properties, Inc.	8.68%	2.81%	-0.06%	-0.60%	-0.01%	1.33%

Fundamentals

Market Cap PECO : $5.17B NNN : $8.03B
EPS PECO : $0.79 NNN : $2.07
PE Ratio PECO : 47.12 NNN : 20.50
PEG Ratio PECO : 0.69 NNN : 2.32
PS Ratio PECO : 6.25 NNN : 8.63
PB Ratio PECO : 2.26 NNN : 1.82
Total Revenue (TTM) PECO : $838.41M NNN : $926.21M
Gross Profit (TTM) PECO : $516.86M NNN : $888.83M
EBITDA (TTM) PECO : $465.22M NNN : $856.49M

Returns By Period

In the year-to-date period, PECO achieves a 5.62% return, which is significantly lower than NNN's 8.68% return.

PECO

• 1D: -0.48%
• 1M: -6.10%
• YTD: 5.62%
• 6M: 11.05%
• 1Y: 4.72%
• 3Y*: 8.19%
• 5Y*: —
• 10Y*: —

NNN

• 1D: 1.00%
• 1M: -7.38%
• YTD: 8.68%
• 6M: 1.70%
• 1Y: 5.82%
• 3Y*: 4.38%
• 5Y*: 4.07%
• 10Y*: 4.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PECO vs. NNN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PECO

PECO Risk / Return Rank: 48
PECO Sharpe Ratio Rank: 50
PECO Sortino Ratio Rank: 42
PECO Omega Ratio Rank: 40
PECO Calmar Ratio Rank: 54
PECO Martin Ratio Rank: 53

NNN

NNN Risk / Return Rank: 49
NNN Sharpe Ratio Rank: 53
NNN Sortino Ratio Rank: 43
NNN Omega Ratio Rank: 42
NNN Calmar Ratio Rank: 52
NNN Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PECO vs. NNN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Phillips Edison & Company, Inc. (PECO) and National Retail Properties, Inc. (NNN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PECO	NNN	Difference
Sharpe ratio Return per unit of total volatility	0.27	0.33	-0.05
Sortino ratio Return per unit of downside risk	0.52	0.57	-0.05
Omega ratio Gain probability vs. loss probability	1.06	1.07	-0.01
Calmar ratio Return relative to maximum drawdown	0.55	0.47	+0.08
Martin ratio Return relative to average drawdown	1.12	1.40	-0.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PECO vs. NNN - Sharpe Ratio Comparison

The current PECO Sharpe Ratio is 0.27, which is comparable to the NNN Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of PECO and NNN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PECO	NNN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	0.33	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.40	+0.04

Correlation

The correlation between PECO and NNN is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PECO vs. NNN - Dividend Comparison

PECO's dividend yield for the trailing twelve months is around 3.41%, less than NNN's 5.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PECO Phillips Edison & Company, Inc.	3.41%	3.52%	3.18%	3.12%	3.43%	1.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NNN National Retail Properties, Inc.	5.61%	5.96%	5.61%	5.17%	4.72%	4.37%	5.06%	3.79%	4.02%	4.31%	4.03%	4.27%

Drawdowns

PECO vs. NNN - Drawdown Comparison

The maximum PECO drawdown since its inception was -23.11%, smaller than the maximum NNN drawdown of -56.17%. Use the drawdown chart below to compare losses from any high point for PECO and NNN.

Drawdown Indicators

	PECO	NNN	Difference
Max Drawdown Largest peak-to-trough decline	-23.11%	-56.17%	+33.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.46%	-11.44%	+0.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.22%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-54.99%	—
Current Drawdown Current decline from peak	-6.10%	-7.38%	+1.28%
Average Drawdown Average peak-to-trough decline	-6.68%	-9.85%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.18%	3.90%	+1.28%

Volatility

PECO vs. NNN - Volatility Comparison

The current volatility for Phillips Edison & Company, Inc. (PECO) is 3.06%, while National Retail Properties, Inc. (NNN) has a volatility of 4.74%. This indicates that PECO experiences smaller price fluctuations and is considered to be less risky than NNN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PECO	NNN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	4.74%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	11.36%	-1.78%
Volatility (1Y) Calculated over the trailing 1-year period	17.46%	17.97%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.75%	19.84%	+2.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.75%	28.11%	-5.36%

Financials

PECO vs. NNN - Profitability Comparison

The chart below illustrates the profitability comparison between Phillips Edison & Company, Inc. and National Retail Properties, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PECO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Phillips Edison & Company, Inc. reported a gross profit of 20.35M and revenue of 187.86M. Therefore, the gross margin over that period was 10.8%.

NNN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, National Retail Properties, Inc. reported a gross profit of 228.36M and revenue of 238.40M. Therefore, the gross margin over that period was 95.8%.

PECO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Phillips Edison & Company, Inc. reported an operating income of -82.27M and revenue of 187.86M, resulting in an operating margin of -43.8%.

NNN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, National Retail Properties, Inc. reported an operating income of 148.56M and revenue of 238.40M, resulting in an operating margin of 62.3%.

PECO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Phillips Edison & Company, Inc. reported a net income of 47.53M and revenue of 187.86M, resulting in a net margin of 25.3%.

NNN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, National Retail Properties, Inc. reported a net income of 95.95M and revenue of 238.40M, resulting in a net margin of 40.3%.