EastGroup Properties, Inc. | REIT Profile
Symbol: EGP
CIK: 49600
Exchange: NYSE
Founded: 1969 (55 years)
HQ: Jackson, MS, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Industrial
Internally Managed REIT
See EGP on Yahoo Finance
See EGP on SEC.gov
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EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company’s goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company’s strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company’s portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 56.0 million square feet.
Stock Chart
REITMovers
REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.
| Latest Price | High | Low | Open | Previous Close | Volume | Change $ | Change % |
|---|---|---|---|---|---|---|---|
| $184.51 | $187.68 | $183.88 | $186.56 | $185.40 | 374,261 | -$0.89 | -0.48% |
Last update: 2024-07-26 12:57:32 PST
Hightlights of Trading Day July 5, 2024
Closing Price: $173.61
Price Change: 1.61 (0.936%)
Lowest Price: $171.6
Highest Price: $174.26
52-Week Low: $151.43
52-Week Change: 1.32%
5 Day Price Change: 2.44%
1 Month Price Change: 4.99%
3 Month Price Change: -0.17%
6 Month Price Change: -3.09%
1 Year Price Change: 1.38%
2 Year Price Change: 16.50%
5 Year Price Change: 64.70%
Dividend of Trading Day July 5, 2024
Annualized Dividend: $5.08*
Dividend Yield (TTM): 2.921%
Annualized Dividend (TTM): $5.0246
Ex-Dividend Date: 2024-06-28
Dividend Frequency: Quarterly
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest REIT Press Releases
- EastGroup Properties Announces Second Quarter 2024 Results - Tue, 23 Jul 2024 20:07:27 UTC
- EastGroup Properties Announces Recent Business Activity and Presentation at Nareit's REITweek - Thu, 30 May 2024 20:34:08 UTC
- EastGroup Properties Announces 178th Consecutive Quarterly Cash Dividend - Thu, 23 May 2024 19:13:05 UTC
- EastGroup Properties Announces First Quarter 2024 Results - Tue, 23 Apr 2024 20:08:25 UTC
- EastGroup Properties Announces 177th Consecutive Quarterly Cash Dividend - Fri, 08 Mar 2024 17:45:04 UTC
Funds From Operations (FFO)
FFO Amount and Payout Ratio
Below are the FFO amounts, dividends, and payout ratios for the last two quarters for EGP.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2024 | Q1 | FFO | $--- | $--- | ---% |
| 2023 | Q4 | FFO | $--- | $--- | ---% |
REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.
Key Stats of Trading Day July 5, 2024
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Properties Owned by EGP
Sample of REIT’s Properties. Image Source - REIT’s website
Properties Based on Earnings Report's 10-K
Occupancy Rate
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $132.55 per share you would have been able to buy 7 shares of EGP on 2023-07-27 costing $927.85 | @ $132.55 per share you would have been able to buy 3 shares of EGP on 2023-07-27 costing $397.65 | @ $132.55 per share you would have been able to buy 1 shares of EGP on 2023-07-27 costing $132.55 | @ $132.55 per share you would have been able to buy 0 shares of EGP on 2023-07-27 costing $0.00 | @ $132.55 per share you would have been able to buy 0 shares of EGP on 2023-07-27 costing $0.00 |
| Current worth | On 2024-07-05 these 7 shares would be worth $1,215.27 @ $173.61 | On 2024-07-05 these 3 shares would be worth $520.83 @ $173.61 | On 2024-07-05 these 1 shares would be worth $173.61 @ $173.61 | On 2024-07-05 these 0 shares would be worth $0.00 @ $173.61 | On 2024-07-05 these 0 shares would be worth $0.00 @ $173.61 |
| Dividends earned | $35.56 in dividends would have been earned since 2023-07-27 with 7 shares. | $15 in dividends would have been earned since 2023-07-27 with 3 shares. | $5.08 in dividends would have been earned since 2023-07-27 with 1 shares. | $0.00 in dividends would have been earned since 2023-07-27 with 0 shares. | $0.00 in dividends would have been earned since 2023-07-27 with 3 shares. |
| Net (gain / loss)* | 322.98 USD | 138.42 USD | 46.14 USD | 0.00 USD | 0.00 USD |
| ROI** | 34.81% | 34.81% | 34.81% | nan% | nan% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| --- | --- | --- | --- | --- | --- | --- |
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
REITProperty
| Name | Type | Address | City | State |
|---|---|---|---|---|
| Ten Sky Harbor | Distribution Center | 3825 South 36th Street | Phoenix | AZ |
| 55th Avenue Distribution Center | Distribution Center | 616 S 55th Ave | Phoenix | AZ |
| Chandler Freeways | Distribution Center | 6850 W Morelos Pl | Chandler | AZ |
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|---|---|---|---|---|---|
| First Industrial Realty Trust, Inc. (FR) | N/A | NYSE | Mid-Cap | Industrial | United States |
| Digital Realty Trust (DLR) | N/A | NYSE | Large-Cap | Data Centers | United States |
| STAG Industrial, Inc. (STAG) | N/A | NYSE | Mid-Cap | Industrial | United States |
| Prologis, Inc. (PLD) | N/A | NYSE | Large-Cap | Industrial | United States |
| Rexford Industrial Realty, Inc. (REXR) | N/A | NYSE | Mid-Cap | Industrial | United States |
Last updated: 2024-07-27 - v4.9