EastGroup Properties, Inc. | REIT Profile

Symbol: EGP
CIK: 49600
Exchange: NYSE
Founded: 1969 (53 years)
HQ: Jackson, MS, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Industrial
Internally Managed REIT

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See EGP on SEC.gov

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About EastGroup Properties, Inc.

EastGroup Properties, Inc. 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 strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects in lease-up and under construction, currently includes 38.8 million square feet.


EastGroup Properties, Inc. Company Logo

Stock Chart

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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 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$172.21 $172.87 $170.88 $172.30 $171.71 $171.71 41,539 $0.50 0.29% $7,502,503,615 33.50 $227.03 $147.30 -23.41%

Last update: 2022-08-09 10:06:01 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 9.1

Hightlights of Trading Day August 8, 2022


Open Price: $173.23
Closing Price: $171.71
Price Change: 1.68 (0.988%)
Lowest Price: $170.71
Highest Price: $173.565
52-Week Low: $147.30
52-Week High: $227.03
52-Week Change: -0.37%
5 Day Price Change: -0.30%
1 Month Price Change: 8.30%
3 Month Price Change: 1.65%
6 Month Price Change: -12.55%
YTD Price Change: -24.45%
1 Year Price Change: -0.37%
2 Year Price Change: 29.76%
5 Year Price Change: 127.63%

Dividend of Trading Day August 8, 2022


Dividend Yield: 2.562%*
Annualized Dividend: $4.4*
Dividend Yield (TTM): 2.449%
Annualized Dividend (TTM): $4.1636
Ex-Dividend Date: 2022-06-29
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 News Headlines


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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
2022 Q1 FFO $--- $--- ---%
2021 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.


Funds From Operations (FFO)

Key Stats of Trading Day August 8, 2022


Total Cash: $5,555,000
Current Debt: $172,110,000
Revenue: $443,496,000
Gross Profit: $443,496,000
Total Revenue: $443,496,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $304,440,000
Revenue Per Share: $10
Revenue Per Employee: N/A
Employee: 89
Debt to Equity Ratio (D/E): 1.94
Profit Margin: 0.48%
Enterprise Value (EV): $9,050,764,369
Enterprise Value to Revenue (EV/R): 20.41
Price to Sales (P/S): 16.75
Price to Book (P/B): 3.74
Price/Earnings-to-Growth (PEG) Ratio: 0.46
P/E Ratio: 33.41
P/E High: 36.08
P/E Low: 27.78
Forward P/E Ratio: 41.70
Market Capitalization: $7,480,720,607
Beta: 0.85
Latest Volume: 232,285
Avg. Total Volume: 205,594
Avg. 10-Day Volume: 223,459
Avg. 30-Day Volume: 205,594
TTM EPS: 5.14
Shares Outstanding: 43,566,016
Float: N/A
50-Day Moving Avg.: $160.15
200-Day Moving Avg.: $178.28

Latest REIT Community Comments on #EGP


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Properties Owned by EGP


EGP Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

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 2021-08-09 costing $927.85 @ $132.55 per share you would have been able to buy 3 shares of EGP on 2021-08-09 costing $397.65 @ $132.55 per share you would have been able to buy 1 shares of EGP on 2021-08-09 costing $132.55 @ $132.55 per share you would have been able to buy 0 shares of EGP on 2021-08-09 costing $0.00 @ $132.55 per share you would have been able to buy 0 shares of EGP on 2021-08-09 costing $0.00
Current worth On 2022-08-08 these 7 shares would be worth $1,201.97 @ $171.71 On 2022-08-08 these 3 shares would be worth $515.13 @ $171.71 On 2022-08-08 these 1 shares would be worth $171.71 @ $171.71 On 2022-08-08 these 0 shares would be worth $0.00 @ $171.71 On 2022-08-08 these 0 shares would be worth $0.00 @ $171.71
Dividends earned $29.40 in dividends would have been earned since 2021-08-09 with 7 shares. $13 in dividends would have been earned since 2021-08-09 with 3 shares. $4.20 in dividends would have been earned since 2021-08-09 with 1 shares. $0.00 in dividends would have been earned since 2021-08-09 with 0 shares. $0.00 in dividends would have been earned since 2021-08-09 with 3 shares.
Net (gain / loss)* 303.52 USD 130.08 USD 43.36 USD 0.00 USD 0.00 USD
ROI** 32.71% 32.71% 32.71% 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


Below are the most recent cash dividends paid by EGP. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
EGP 2022-06-29 1.100 --- 2022-05-26 2022-06-30 2022-07-15
EGP 2022-03-30 1.100 --- 2022-03-04 2022-03-31 2022-04-14
EGP 2021-12-30 1.100 22.22% 2021-12-01 2021-12-31 2022-01-15
EGP 2021-09-29 0.900 13.92% 2021-08-26 2021-09-30 2021-10-15
EGP 2021-06-29 0.790 --- 2021-05-27 2021-06-30 2021-07-15
EGP 2021-03-30 0.790 --- 2021-03-05 2021-03-31 2021-04-15
EGP 2020-12-30 0.790 --- 2020-12-03 2020-12-31 2021-01-15
EGP 2020-09-29 0.790 5.33% 2020-08-27 2020-09-30 2020-10-15
EGP 2020-06-29 0.750 --- 2020-05-21 2020-06-30 2020-07-15
EGP 2020-03-30 0.750 --- 2020-03-05 2020-03-31 2020-04-15
EGP 2019-12-27 0.750 --- 2019-12-06 2019-12-30 2020-01-15
EGP 2019-09-27 0.750 4.17% 2019-08-29 2019-09-30 2019-10-15
EGP 2019-06-27 0.720 --- 2019-05-23 2019-06-28 2019-07-15
EGP 2019-03-28 0.720 --- 2019-03-08 2019-03-29 2019-04-15
EGP 2018-12-28 0.720 --- 2018-12-07 2018-12-31 2019-01-15
EGP 2018-09-27 0.720 12.50% 2018-09-07 2018-09-28 2018-10-15
EGP 2018-06-19 0.640 --- 2018-05-24 2018-06-20 2018-06-29
EGP 2018-03-20 0.640 --- 2018-03-02 2018-03-21 2018-03-30
EGP 2017-12-14 0.640 --- 2017-12-01 2017-12-15 2017-12-29
EGP 2017-09-14 0.640 3.23% 2017-08-31 2017-09-15 2017-09-29

Earnings Press Releases


Below are the Earnings Press Releases for EGP. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q1 EastGroup Properties Announces First Quarter 2022 Results
2021 Q4 EastGroup Properties Announces Fourth Quarter and Year 2021 Results
2021 Q3 EastGroup Properties Announces Third Quarter 2021 Results
2021 Q2 EastGroup Properties Announces Second Quarter 2021 Results

Financial Statements Overview


The next Earnings Report for EGP is 2022-10-25

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 5,555,000 5,718,000 4,393,000 247,000
Receivables 59,854,000 58,140,000 66,783,000 55,454,000
Inventory 0 0 0 0
Current Assets 71,339,000 71,716,000 87,923,000 55,701,000
Current Assets (Other) 5,930,000 7,858,000 16,747,000 0
Short Term Investments 5,930,000 7,858,000 16,747,000 0
Long-term Investments 3,780,378,000 3,273,019,000 3,127,413,000 2,929,309,000
Property, Plant & Equipment Net 3,620,720,000 3,125,890,000 3,015,708,000 2,806,060,000
Goodwill 990,000 990,000 990,000 990,000
Intangible Assets 25,586,000 25,702,000 18,900,000 16,348,000
Other Assets 119,116,000 110,978,000 76,816,000 96,692,000
Net Tangible Assets 1,958,147,000 1,646,341,000 1,550,180,000 1,401,560,000
Total Assets 3,851,717,000 3,344,735,000 3,215,336,000 2,985,010,000
Accounts Payable 0 0 0 0
Liabilities (Other) 47,298,000 41,316,000 38,211,000 37,184,000
Current Liabilities (Other) 169,075,000 137,292,000 124,112,000 152,834,000
Total Current Liabilities 172,110,000 141,791,000 128,957,000 166,064,000
Current Long-term Debt 3,035,000 4,499,000 4,845,000 13,230,000
Long-term Debt 1,623,536,000 1,464,516,000 1,451,778,000 1,336,615,000
Total Liabilities 1,866,994,000 1,671,702,000 1,645,266,000 1,566,112,000
Minority Interest 1,351,000 1,356,000 1,390,000 842,000
Common Stock 42,211,000 41,246,000 40,845,000 40,434,000
Retained Earnings -302,324,000 -300,429,000 -318,056,000 -344,378,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,984,723,000 1,673,033,000 1,570,070,000 1,418,898,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 118,553,000 112,974,000 107,372,000 104,597,000
Cost of Revenue 0 0 0 0
Gross Profit 118,553,000 112,974,000 107,372,000 104,597,000
Research and Development 0 0 0 0
Selling General and Admin 4,226,000 4,310,000 3,623,000 3,559,000
Operating Expense 74,349,000 71,890,000 66,457,000 65,599,000
Operating Income 44,204,000 41,084,000 40,915,000 38,998,000
Income Expense Net (Other) 0 0 0 0
EBIT 44,204,000 41,084,000 40,915,000 38,998,000
Interest Income 8,970,000 8,110,000 8,072,000 8,416,000
Pretax Income 46,165,000 63,604,000 71,911,000 30,792,000
Income Tax 0 0 0 0
Minority Interest 26,000 24,000 22,000 21,000
Net Income 46,139,000 63,580,000 71,889,000 30,771,000
Net Income Basic 46,139,000 63,580,000 71,889,000 30,771,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income 46,139,000 63,580,000 71,889,000 30,771,000
Depreciation 37,461,000 36,341,000 33,174,000 32,263,000
Changes in Receivables 59,854,000 58,140,000 66,783,000 55,454,000
Changes in Inventories 0 0 0 0
Cash Change 5,555,000 5,718,000 4,393,000 247,000
Cash Flow 93,888,000 82,264,000 15,326,000 103,491,000
Capital Expenditures -168,222,000 -136,952,000 -134,810,000 -87,232,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -146,993,000 -114,145,000 -208,748,000 -178,705,000
Dividends Paid 0 0 0 0
Net Borrowings 1,615,086,000 1,455,439,000 1,435,483,000 1,349,598,000
Cash Flow Financing 52,942,000 33,206,000 197,568,000 36,896,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
9 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.7
9 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.2
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 8.8
8 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
10 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.0
10 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.8
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.4
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
10 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
7 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.0
9.1 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

REITProperty


Below are some of the properties owned by this EGP. Please click on the property name to see more details. See complete list of properties.

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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Last updated: 2022-08-09 - v3.4