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EGP

EGP - EastGroup Properties Inc Stock Price, Fair Value and News

166.03USD-1.35 (-0.81%)Market Closed

Market Summary

EGP
USD166.03-1.35
Market Closed
-0.81%

EGP Stock Price

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EGP RSI Chart

EGP Valuation

Market Cap

8.0B

Price/Earnings (Trailing)

37.26

Price/Sales (Trailing)

13.55

Price/Free Cashflow

22.1

EGP Price/Sales (Trailing)

EGP Profitability

Return on Equity

8.07%

Return on Assets

4.69%

Free Cashflow Yield

4.52%

EGP Fundamentals

EGP Revenue

Revenue (TTM)

589.8M

Rev. Growth (Yr)

14.22%

Rev. Growth (Qtr)

3.4%

EGP Earnings

Earnings (TTM)

214.5M

Earnings Growth (Yr)

31.21%

Earnings Growth (Qtr)

-7.58%

Breaking Down EGP Revenue

Last 7 days

-0.6%

Last 30 days

0.6%

Last 90 days

-5.8%

Trailing 12 Months

-4.5%

How does EGP drawdown profile look like?

EGP Financial Health

EGP Investor Care

Dividend Yield

3.05%

Dividend/Share (TTM)

5.06

Shares Dilution (1Y)

8.41%

Diluted EPS (TTM)

4.62

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024589.8M000
2023509.1M530.4M551.3M570.6M
2022424.5M443.5M464.6M487.0M
2021372.3M382.2M394.8M409.5M
2020341.2M348.8M356.9M363.0M
2019307.0M314.2M322.8M331.4M
2018280.2M287.2M293.8M300.4M
2017257.6M263.6M269.1M274.1M
2016239.0M243.1M247.7M253.0M
2015224.6M228.6M231.2M235.0M
2014206.8M211.5M216.3M219.8M
2013187.6M190.5M195.0M202.2M
2012176.3M179.4M182.2M185.8M
2011170.8M170.3M171.0M173.2M
2010173.5M174.0M174.0M172.0M
20090169.8M171.1M172.4M
2008000168.5M

Tracking the Latest Insider Buys and Sells of EastGroup Properties Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 31, 2024
colleran donald f
acquired
-
-
840
-
May 31, 2024
fields david michael
acquired
-
-
840
-
May 31, 2024
aloian d pike
acquired
-
-
840
-
May 31, 2024
sandstrom katherine m
acquired
-
-
840
-
May 31, 2024
bolton h eric jr
acquired
-
-
840
-
May 31, 2024
mccormick mary e
acquired
-
-
840
-
Feb 26, 2024
tyler staci h.
acquired
-
-
450
senior vp, cao and secretary
Feb 26, 2024
loeb marshall a
acquired
-
-
4,103
president and ceo
Feb 26, 2024
coleman john f
acquired
-
-
914
executive vice president
Feb 26, 2024
wood brent
acquired
-
-
1,430
executive vice president & cfo

1–10 of 50

Which funds bought or sold EGP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
added
30.19
4,957
53,595
-%
Jun 04, 2024
DekaBank Deutsche Girozentrale
reduced
-14.77
-1,112,000
5,008,000
0.01%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-54,000
2,582,000
0.02%
May 28, 2024
Boston Partners
added
26.1
32,585,800
171,399,000
0.20%
May 24, 2024
Cetera Investment Advisers
new
-
574,195
574,195
-%
May 21, 2024
Atria Investments, Inc
added
48.9
643,467
2,047,350
0.03%
May 20, 2024
Virtu Financial LLC
reduced
-75.02
-844,000
273,000
0.02%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-94.68
-4,053,380
222,735
-%
May 16, 2024
B. Riley Wealth Advisors, Inc.
added
8.1
-7,483
396,199
0.01%
May 16, 2024
Tidal Investments LLC
added
30.41
714,848
3,292,670
0.05%

1–10 of 48

Are Funds Buying or Selling EGP?

Are funds buying EGP calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own EGP
No. of Funds

Unveiling EastGroup Properties Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
14.36%
6,652,922
SC 13G/A
Jan 29, 2024
state street corp
5.49%
2,545,791
SC 13G/A
Jan 24, 2024
blackrock inc.
11.6%
5,371,227
SC 13G/A
Feb 14, 2023
price t rowe associates inc /md/
1.7%
719,386
SC 13G/A
Feb 09, 2023
vanguard group inc
14.72%
6,415,688
SC 13G/A
Feb 03, 2023
state street corp
5.35%
2,330,635
SC 13G/A
Jan 26, 2023
blackrock inc.
11.2%
4,883,295
SC 13G/A
Jan 20, 2023
blackrock inc.
11.2%
4,883,295
SC 13G/A
Sep 08, 2022
blackrock inc.
10.6%
4,637,005
SC 13G
Feb 14, 2022
price t rowe associates inc /md/
6.7%
2,763,335
SC 13G/A

Recent SEC filings of EastGroup Properties Inc

View All Filings
Date Filed Form Type Document
Jun 13, 2024
8-K
Current Report
May 31, 2024
4
Insider Trading
May 31, 2024
4
Insider Trading
May 31, 2024
4
Insider Trading
May 31, 2024
4
Insider Trading
May 31, 2024
4
Insider Trading
May 31, 2024
4
Insider Trading
May 28, 2024
8-K
Current Report
Apr 24, 2024
10-Q
Quarterly Report
Apr 23, 2024
8-K
Current Report

Peers (Alternatives to EastGroup Properties Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
91.9B
11.2B
5.24% 2.77%
46.55
8.2
3.63% 50.79%
43.4B
6.8B
-1.22% -12.74%
31.11
6.33
-2.39% -16.60%
28.4B
2.8B
1.25% 5.15%
29.76
10.13
5.72% -6.46%
20.5B
3.0B
-5.57% -3.95%
104.32
6.93
10.44% -73.79%
13.0B
-
-1.83% 1.67%
30.71
7.99
8.93% 11.87%
11.4B
1.4B
3.16% 1.31%
30.21
8.32
10.48% -2.04%
MID-CAP
9.6B
3.3B
-4.28% 13.06%
50.09
2.91
4.82% -75.15%
8.4B
1.2B
-0.66% 7.93%
35.42
7.34
5.48% -38.69%
3.7B
913.7M
3.69% 121.78%
-7.19
4.03
1.13% -307.54%
3.2B
878.0M
-10.06% 32.26%
-9.36
3.65
2.35% -290.39%
SMALL-CAP
1.3B
444.1M
-3.19% 12.21%
19.4
3
3.54% 8.91%
1.2B
198.2M
-1.84% -4.41%
-7.32
6.02
-43.33% -308.08%
1.1B
650.2M
-0.28% -6.01%
36.04
1.7
27.93% 140.31%
551.0M
285.4M
-3.05% -40.32%
-4.32
1.93
11.05% 83.70%
445.3M
277.2M
-1.41% -17.47%
-54.3
1.61
25.89% 94.64%

EastGroup Properties Inc News

Latest updates
MarketBeat11 hours ago
Yahoo Movies UK02 Jun 202404:52 pm

EastGroup Properties Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue3.4%15414914714013513012611911310710510098.0093.0092.0090.0089.0087.0084.0082.0079.00
Costs and Expenses7.4%95.0089.0087.0085.0083.0080.0078.0074.0072.0066.0066.0064.0062.0060.0059.0058.0057.0057.0053.0055.0050.00
  S&GA Expenses78.6%7.004.003.004.005.004.004.004.004.004.004.004.004.003.004.004.003.005.003.005.004.00
Interest Expenses-9.4%10.0011.0011.0013.0013.0012.0010.009.008.008.008.008.008.009.008.008.008.008.009.009.009.00
Net Income-7.6%59.0063.0049.0043.0045.0039.0038.0046.0064.0072.0031.0028.0027.0037.0024.0023.0023.0051.0023.0027.0023.00
Net Income Margin3.5%0.36*0.35*0.32*0.31*0.33*0.38*0.47*0.48*0.46*0.38*0.31*0.30*---------
Free Cashflow206.8%11738.0012185.0093.0040.0010094.0082.0015.0010063.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets1.3%4,5774,5194,3554,2044,0804,0363,9623,8523,3453,2152,9852,8562,7572,7212,6362,6232,6052,5462,4002,2952,172
    Cash Equivalents-61.2%16.0040.000.001.009.000.005.006.006.004.000.0039.000.000.000.000.001.000.000.000.002.00
Liabilities0.4%1,9181,9111,9761,9902,0442,0821,9721,8661,6701,6441,5651,4821,4401,4501,3911,4061,4121,3441,2921,2861,250
Shareholder's Equity1.9%2,6592,6082,3792,2142,0361,9531,9901,9861,6741,5711,4201,3731,3171,2711,2451,2171,1921,2021,1091,009921
  Retained Earnings----359-335---------------
  Additional Paid-In Capital1.6%2,9972,9502,7062,5362,3552,2522,2672,2631,9561,8871,7661,7151,6521,6101,5921,5581,5261,5141,4431,3371,246
Shares Outstanding0.7%48.0048.0045.0045.0044.0044.0042.0042.0041.0041.0040.0040.00---------
Minority Interest2.9%0.000.000.000.000.000.001.001.001.001.001.001.001.001.002.002.002.002.002.002.002.00
Float----7,754---6,625---6,542---4,560---4,259-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations206.8%116,90038,103121,32085,31893,46139,950100,39993,88882,26415,32699,75662,58878,82216,67862,92565,24351,43925,21672,30956,90541,482
  Share Based Compensation152.8%3,5071,3872,7662,7712,7847722,8553,0622,5948,342-2,461-2,893-2,1477,318-2,036-2,694-1,7817,488-1,739-2,291-1,447
Cashflow From Investing31.8%-123,232-180,599-180,656-143,980-64,823-135,594-124,416-146,993-114,145-208,748-174,970-81,626-63,919-98,574-43,021-48,037-98,624-135,351-123,144-135,912-48,930
Cashflow From Financing-110.0%-18,306182,38558,62850,354-19,30490,85223,31052,94233,206197,56836,89657,535-14,85681,898-19,989-17,77347,632110,22950,63977,5028,905
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EGP Income Statement

2024-03-31
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES  
Income from real estate operations$ 154,074$ 133,964
Other revenue1501,061
Revenues154,224135,025
EXPENSES  
Expenses from real estate operations43,00336,186
Depreciation and amortization45,16941,014
General and administrative6,6815,204
Indirect leasing costs177140
Expenses95,03082,544
OTHER INCOME (EXPENSE)  
Interest expense(10,061)(13,025)
Gains on sales of real estate investments8,7514,809
Other774439
Net Income58,65844,704
Net income attributable to noncontrolling interest in joint ventures(14)(14)
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS58,64444,690
Other comprehensive income (loss) - interest rate swaps5,894(10,262)
TOTAL COMPREHENSIVE INCOME$ 64,538$ 34,428
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS  
Net income attributable to common stockholders$ 1.23$ 1.02
Weighted average shares outstanding (in shares)47,86043,751
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS  
Net income attributable to common stockholders$ 1.22$ 1.02
Weighted average shares outstanding (in shares)47,96143,823

EGP Balance Sheet

2024-03-31
CONSOLIDATED BALANCE SHEETS - Unaudited - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS  
Real estate properties$ 4,927,921$ 4,853,548
Development and value-add properties[1]670,250639,647
Real estate, development and value-add properties5,598,1715,493,195
Less accumulated depreciation(1,299,905)(1,273,723)
Real estate, net4,298,2664,219,472
Unconsolidated investment7,8167,539
Cash and cash equivalents15,62540,263
Other assets255,298251,939
TOTAL ASSETS4,577,0054,519,213
LIABILITIES  
Unsecured bank credit facilities, net of debt issuance costs(1,281)(1,520)
Unsecured debt, net of debt issuance costs1,676,5731,676,347
Accounts payable and accrued expenses155,255146,337
Other liabilities87,09989,415
Total Liabilities1,917,6461,910,579
STOCKHOLDERS' EQUITY  
Common shares; $.0001 par value; 70,000,000 shares authorized; 48,010,613 shares issued and outstanding at March 31, 2024 and 47,700,432 at December 31, 202355
Excess shares; $.0001 par value; 30,000,000 shares authorized; zero shares issued00
Additional paid-in capital2,997,2102,949,907
Distributions in excess of earning(368,954)(366,473)
Accumulated other comprehensive income30,78224,888
Total Stockholders' Equity2,659,0432,608,327
Noncontrolling interest in joint ventures316307
Total Equity2,659,3592,608,634
TOTAL LIABILITIES AND EQUITY$ 4,577,005$ 4,519,213
BALANCE SHEET PARENTHETICAL DISCLOSURES  
Common shares, par value (in dollars per share)$ 0.0001$ 0.0001
Common shares, authorized70,000,00070,000,000
Common shares, issued48,010,61347,700,432
Common shares, outstanding48,010,61347,700,432
Excess shares, par value$ 0.0001$ 0.0001
Excess shares, authorized30,000,00030,000,000
Excess Stock, Shares Issued00
[1]Value-add properties are defined in Note 6.
EGP
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 20,000 to 100,000 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 57.6 million square feet.
 CEO
 WEBSITEeastgroup.net
 INDUSTRYREIT Mortgage
 EMPLOYEES87

EastGroup Properties Inc Frequently Asked Questions


What is the ticker symbol for EastGroup Properties Inc? What does EGP stand for in stocks?

EGP is the stock ticker symbol of EastGroup Properties Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of EastGroup Properties Inc (EGP)?

As of Thu Jun 13 2024, market cap of EastGroup Properties Inc is 7.99 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of EGP stock?

You can check EGP's fair value in chart for subscribers.

What is the fair value of EGP stock?

You can check EGP's fair value in chart for subscribers. The fair value of EastGroup Properties Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of EastGroup Properties Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for EGP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is EastGroup Properties Inc a good stock to buy?

The fair value guage provides a quick view whether EGP is over valued or under valued. Whether EastGroup Properties Inc is cheap or expensive depends on the assumptions which impact EastGroup Properties Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for EGP.

What is EastGroup Properties Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Jun 13 2024, EGP's PE ratio (Price to Earnings) is 37.26 and Price to Sales (PS) ratio is 13.55. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. EGP PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on EastGroup Properties Inc's stock?

In the past 10 years, EastGroup Properties Inc has provided 0.129 (multiply by 100 for percentage) rate of return.