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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Overall Score: 8.7

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 20, 2022


Open Price: $203.4
Closing Price: $201.14
Price Change: -1.8 (-0.887%)
Lowest Price: $200.91
Highest Price: $206.09

52-Week Low: $128.63
52-Week High: $229.84
52-Week Change: 49.59%

5 Day Price Change: -2.47%
1 Month Price Change: -5.05%
3 Month Price Change: 10.70%
6 Month Price Change: 19.89%
YTD Price Change: -10.93%
1 Year Price Change: 54.78%
2 Year Price Change: 56.73%
5 Year Price Change: 207.83%

Dividend of Trading Day January 20, 2022


Dividend Yield: 2.188%*
Annualized Dividend: $4.4*
Dividend Yield (TTM): 1.752%
Annualized Dividend (TTM): $3.5559
Ex-Dividend Date: 2021-12-30
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)


Funds From Operations (FFO)

Key Stats of Trading Day January 20, 2022


Total Cash: $247,000
Current Debt: $166,064,000
Revenue: $394,771,000
Gross Profit: $394,771,000
Total Revenue: $394,771,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $267,186,000
Revenue Per Share: $10
Revenue Per Employee: N/A
Employee: 89
Debt to Equity Ratio (D/E): 2.10
Profit Margin: 0.31%
Enterprise Value (EV): $9,901,432,185
Enterprise Value to Revenue (EV/R): 25.08
Price to Sales (P/S): 21.66
Price to Book (P/B): 6.03
Price/Earnings-to-Growth (PEG) Ratio: -82.60
P/E Ratio: 65.52
P/E High: 36.52
P/E Low: 28.13
Forward P/E Ratio: 64.11
Market Capitalization: $8,183,234,671
Beta: 0.85
Latest Volume: 154,991
Avg. Total Volume: 183,821
Avg. 10-Day Volume: 186,266
Avg. 30-Day Volume: 183,821
TTM EPS: 3.07
Shares Outstanding: 40,684,273
Float: N/A
50-Day Moving Avg.: $214.58
200-Day Moving Avg.: $188.51

Latest REIT Community Comments on #EGP


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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 2021-01-21 costing $927.85 @ $132.55 per share you would have been able to buy 3 shares of EGP on 2021-01-21 costing $397.65 @ $132.55 per share you would have been able to buy 1 shares of EGP on 2021-01-21 costing $132.55 @ $132.55 per share you would have been able to buy 0 shares of EGP on 2021-01-21 costing $0.00 @ $132.55 per share you would have been able to buy 0 shares of EGP on 2021-01-21 costing $0.00
Current worth On 2022-01-20 these 7 shares would be worth $1,407.98 @ $201.14 On 2022-01-20 these 3 shares would be worth $603.42 @ $201.14 On 2022-01-20 these 1 shares would be worth $201.14 @ $201.14 On 2022-01-20 these 0 shares would be worth $0.00 @ $201.14 On 2022-01-20 these 0 shares would be worth $0.00 @ $201.14
Dividends earned $25.06 in dividends would have been earned since 2021-01-21 with 7 shares. $11 in dividends would have been earned since 2021-01-21 with 3 shares. $3.58 in dividends would have been earned since 2021-01-21 with 1 shares. $0.00 in dividends would have been earned since 2021-01-21 with 0 shares. $0.00 in dividends would have been earned since 2021-01-21 with 3 shares.
Net (gain / loss)* 505.19 USD 216.51 USD 72.17 USD 0.00 USD 0.00 USD
ROI** 54.45% 54.45% 54.45% 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 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
EGP 2017-06-14 0.620 --- 2017-05-11 2017-06-16 2017-06-30
EGP 2017-03-20 0.620 --- 2017-03-03 2017-03-22 2017-03-31

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
2021 Q3 EastGroup Properties Announces Third Quarter 2021 Results
2021 Q2 EastGroup Properties Announces Second Quarter 2021 Results
2021 Q1 EastGroup Properties Announces First Quarter 2021 Results

Financial Statements Overview


The next Earnings Report for EGP is 2022-02-08

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 247,000 38,565,000 68,000 21,000
Receivables 55,454,000 55,328,000 49,567,000 51,277,000
Inventory 0 0 0 0
Current Assets 55,701,000 93,893,000 49,635,000 73,789,000
Current Assets (Other) 0 0 0 22,491,000
Short Term Investments 0 0 0 22,491,000
Long-term Investments 2,929,309,000 2,761,729,000 2,707,286,000 2,647,014,000
Property, Plant & Equipment Net 2,806,060,000 2,651,796,000 2,596,954,000 2,563,757,000
Goodwill 990,000 990,000 990,000 990,000
Intangible Assets 16,348,000 13,168,000 13,926,000 15,147,000
Other Assets 96,692,000 86,189,000 85,411,000 57,543,000
Net Tangible Assets 1,401,560,000 1,358,283,000 1,300,995,000 1,253,501,000
Total Assets 2,985,010,000 2,855,622,000 2,756,921,000 2,720,803,000
Accounts Payable 0 0 0 0
Liabilities (Other) 37,184,000 37,205,000 36,868,000 30,641,000
Current Liabilities (Other) 152,834,000 115,872,000 92,605,000 90,207,000
Total Current Liabilities 166,064,000 115,872,000 103,790,000 95,383,000
Current Long-term Debt 13,230,000 0 11,185,000 5,176,000
Long-term Debt 1,336,615,000 1,316,129,000 1,286,063,000 1,310,895,000
Total Liabilities 1,566,112,000 1,483,181,000 1,441,010,000 1,451,165,000
Minority Interest 842,000 890,000 887,000 880,000
Common Stock 40,434,000 40,068,000 39,673,000 39,957,000
Retained Earnings -344,378,000 -338,423,000 -334,000,000 -329,667,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,418,898,000 1,372,441,000 1,315,911,000 1,269,638,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 104,597,000 99,575,000 97,931,000 92,668,000
Cost of Revenue 0 0 0 0
Gross Profit 104,597,000 99,575,000 97,931,000 92,668,000
Research and Development 0 0 0 0
Selling General and Admin 3,559,000 4,486,000 4,036,000 3,384,000
Operating Expense 65,599,000 64,026,000 62,499,000 60,072,000
Operating Income 38,998,000 35,549,000 35,432,000 32,596,000
Income Expense Net (Other) 0 0 0 0
EBIT 38,998,000 35,549,000 35,432,000 32,596,000
Interest Income 8,416,000 8,181,000 8,276,000 8,777,000
Pretax Income 30,792,000 27,578,000 27,357,000 37,195,000
Income Tax 0 0 0 0
Minority Interest 21,000 20,000 18,000 14,000
Net Income 30,771,000 27,558,000 27,339,000 37,181,000
Net Income Basic 30,771,000 27,558,000 27,339,000 37,181,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 30,771,000 27,558,000 27,339,000 37,181,000
Depreciation 32,263,000 31,349,000 30,313,000 116,359,000
Changes in Receivables 55,454,000 55,328,000 49,567,000 51,277,000
Changes in Inventories 0 0 0 0
Cash Change 247,000 38,565,000 68,000 21,000
Cash Flow 103,491,000 58,853,000 78,822,000 16,678,000
Capital Expenditures -87,232,000 -8,966,000 -9,128,000 -228,577,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -178,705,000 -77,891,000 -63,919,000 -98,574,000
Dividends Paid 0 0 0 0
Net Borrowings 1,349,598,000 1,277,564,000 1,297,180,000 1,293,559,000
Cash Flow Financing 36,896,000 27,823,000 14,856,000 81,898,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

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.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
9 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.8
6 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 7.7
8 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 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
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
8.7 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: 2022-01-21 - v2.9