EastGroup Properties Key Executives
This section highlights EastGroup Properties's key executives, including their titles and compensation details.
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EastGroup Properties Earnings
This section highlights EastGroup Properties's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-07 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-10-24 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-07-24 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-04-24 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-08 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-10-25 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-07-26 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-04-26 | N/A | N/A |
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, 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. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.8 million square feet.
$173.11
Stock Price
$9.01B
Market Cap
101
Employees
Ridgeland, MS
Location
Financial Statements
Access annual & quarterly financial statements for EastGroup Properties, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $640.23M | $570.59M | $487.02M | $409.48M | $363.02M |
| Cost of Revenue | $638.03M | $154.03M | $133.91M | $115.08M | $103.37M |
| Gross Profit | $2.20M | $416.56M | $353.11M | $294.40M | $259.65M |
| Gross Profit Ratio | 0.34% | 73.00% | 72.50% | 71.90% | 71.53% |
| Research and Development Expenses | $- | $- | $0 | $0 | $0 |
| General and Administrative Expenses | $20.62M | $17.34M | $16.91M | $16.40M | $15.06M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $20.62M | $17.34M | $16.91M | $16.40M | $15.06M |
| Other Expenses | $- | $- | $153.64M | $127.10M | $116.36M |
| Operating Expenses | $20.62M | $188.42M | $170.55M | $143.50M | $131.42M |
| Cost and Expenses | $640.23M | $343.96M | $304.46M | $258.58M | $234.79M |
| Interest Income | $-2.93M | $-2.95M | $38.50M | $32.95M | $33.93M |
| Interest Expense | $36.03M | $45.05M | $38.50M | $32.95M | $33.93M |
| Depreciation and Amortization | $189.41M | $171.08M | $304.60M | $258.11M | $237.56M |
| EBITDA | $453.25M | $399.22M | $337.41M | $278.82M | $245.53M |
| EBITDA Ratio | 70.79% | 69.97% | 69.28% | 68.09% | 67.64% |
| Operating Income | $638.03M | $228.14M | $183.77M | $151.72M | $129.17M |
| Operating Income Ratio | 99.66% | 39.98% | 37.73% | 37.05% | 35.58% |
| Total Other Income Expenses Net | $-638.03M | $-27.60M | $5.78M | $6.74M | $-19.84M |
| Income Before Tax | $4.66K | $200.55M | $186.27M | $157.64M | $108.39M |
| Income Before Tax Ratio | 0.00% | 35.15% | 38.25% | 38.50% | 29.86% |
| Income Tax Expense | $- | $- | $-40.91M | $33.86M | $34.90M |
| Net Income | $4.66K | $200.49M | $186.18M | $123.78M | $73.49M |
| Net Income Ratio | 0.00% | 35.14% | 38.23% | 30.23% | 20.24% |
| EPS | $4.67 | $4.43 | $4.37 | $3.07 | $1.88 |
| EPS Diluted | $4.66 | $4.42 | $4.36 | $3.07 | $1.87 |
| Weighted Average Shares Outstanding | 48.80M | 45.22M | 42.60M | 40.26M | 39.19M |
| Weighted Average Shares Outstanding Diluted | 48.91M | 45.33M | 42.71M | 40.38M | 39.30M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $164.04M | $162.88M | $159.74M | $155.00M | $149.15M | $146.53M | $139.89M | $135.03M | $129.84M | $125.66M | $118.55M | $112.97M | $107.37M | $104.60M | $99.58M | $97.93M | $92.67M | $92.01M | $89.72M | $88.63M |
| Cost of Revenue | $43.20M | $44.16M | $89.51M | $88.17M | $39.37M | $40.71M | $37.77M | $36.19M | $35.27M | $35.03M | $32.55M | $31.06M | $29.56M | $29.64M | $28.06M | $27.82M | $25.86M | $26.32M | $25.35M | $25.83M |
| Gross Profit | $120.85M | $118.71M | $70.22M | $66.83M | $109.78M | $105.82M | $102.12M | $98.84M | $94.57M | $90.62M | $86.01M | $81.91M | $77.81M | $74.95M | $71.52M | $70.11M | $66.81M | $65.69M | $64.36M | $62.80M |
| Gross Profit Ratio | 73.67% | 72.90% | 44.00% | 43.10% | 73.60% | 72.20% | 73.00% | 73.20% | 72.80% | 72.10% | 72.50% | 72.50% | 72.50% | 71.70% | 71.80% | 71.60% | 72.09% | 71.39% | 71.74% | 70.86% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $4.27M | $5.31M | $4.96M | $6.86M | $3.89M | $3.58M | $4.53M | $5.34M | $4.00M | $4.09M | $4.34M | $4.49M | $3.73M | $3.69M | $4.62M | $4.37M | $3.52M | $3.96M | $4.19M | $3.39M |
| Selling and Marketing Expenses | $- | $- | $220.00K | $177.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $4.27M | $5.31M | $4.96M | $6.86M | $3.89M | $3.58M | $4.53M | $5.34M | $4.00M | $4.09M | $4.34M | $4.49M | $3.73M | $3.69M | $4.62M | $4.37M | $3.52M | $3.96M | $4.19M | $3.39M |
| Other Expenses | $116.58M | $- | $518.00K | $-7.63M | $774.00K | $474.00K | $748.00K | $41.01M | $40.56M | $39.28M | $284.00K | $36.34M | $209.00K | $210.00K | $210.00K | $201.00K | $231.00K | $244.00K | $230.00K | $237.00K |
| Operating Expenses | $120.85M | $54.23M | $50.62M | $7.63M | $49.13M | $46.10M | $46.83M | $46.36M | $44.55M | $43.36M | $41.80M | $40.83M | $36.90M | $35.95M | $35.97M | $34.68M | $34.21M | $33.17M | $32.76M | $31.28M |
| Cost and Expenses | $164.04M | $99.51M | $95.12M | $95.81M | $88.50M | $86.81M | $84.59M | $82.54M | $79.83M | $78.40M | $74.35M | $71.89M | $66.46M | $65.60M | $64.03M | $62.50M | $60.07M | $59.50M | $58.11M | $57.11M |
| Interest Income | $-727.00K | $-737.00K | $9.83M | $10.06M | $11.11M | $11.29M | $12.57M | $13.03M | $11.65M | $9.77M | $- | $- | $1.53M | $- | $- | $- | $- | $- | $8.35M | $- |
| Interest Expense | $8.46M | $9.13M | $- | $- | $- | $11.29M | $12.57M | $13.03M | $11.65M | $9.77M | $8.97M | $8.11M | $8.07M | $8.42M | $8.18M | $8.28M | $8.78M | $8.35M | $- | $8.46M |
| Depreciation and Amortization | $49.66M | $48.92M | $45.66M | $45.17M | $45.25M | $42.52M | $42.30M | $41.01M | $40.56M | $39.28M | $37.46M | $36.34M | $33.17M | $32.26M | $31.35M | $30.31M | $30.69M | $29.21M | $28.57M | $27.89M |
| EBITDA | $116.78M | $113.40M | $110.06M | $104.36M | $105.94M | $186.90M | $97.59M | $93.50M | $90.57M | $86.86M | $81.67M | $77.42M | $74.09M | $71.26M | $66.90M | $65.75M | $63.28M | $61.73M | $60.17M | $59.41M |
| EBITDA Ratio | 71.19% | 69.62% | 69.04% | 67.33% | 71.03% | 70.10% | 70.30% | 69.57% | 70.01% | 69.13% | 69.12% | 68.78% | 69.20% | 68.33% | 67.39% | 67.34% | 68.54% | 67.35% | 66.71% | 67.30% |
| Operating Income | $- | $64.48M | $64.61M | $59.19M | $60.69M | $144.38M | $56.04M | $52.92M | $50.34M | $47.59M | $44.20M | $41.36M | $79.47M | $39.00M | $35.55M | $35.43M | $32.60M | $32.51M | $31.60M | $31.52M |
| Operating Income Ratio | 0.00% | 39.59% | 40.45% | 38.19% | 40.69% | 98.53% | 40.06% | 39.19% | 38.77% | 37.87% | 37.29% | 36.61% | 74.01% | 37.28% | 35.70% | 36.18% | 35.18% | 35.34% | 35.23% | 35.56% |
| Total Other Income Expenses Net | $58.65M | $-9.29M | $-9.31M | $-536.00K | $2.82M | $-10.81M | $-11.83M | $-7.78M | $-11.33M | $-9.45M | $1.96M | $22.52M | $31.00M | $-8.21M | $-7.97M | $-8.07M | $4.60M | $-8.10M | $-8.12M | $-8.22M |
| Income Before Tax | $58.65M | $55.19M | $55.30M | $58.66M | $63.47M | $48.91M | $43.47M | $44.70M | $38.69M | $37.82M | $46.16M | $63.60M | $71.91M | $30.79M | $27.58M | $27.36M | $37.20M | $24.41M | $23.49M | $23.30M |
| Income Before Tax Ratio | 35.76% | 33.89% | 34.62% | 37.84% | 42.55% | 33.38% | 31.07% | 33.11% | 29.80% | 30.10% | 38.94% | 56.30% | 66.97% | 29.44% | 27.70% | 27.93% | 40.14% | 26.53% | 26.18% | 26.29% |
| Income Tax Expense | $- | $- | $14.00K | $14.00K | $11.16M | $11.78M | $13.34M | $-4.79M | $17.00K | $25.00K | $9.28M | $-30.33M | $22.00K | $8.65M | $8.41M | $8.49M | $-14.00K | $8.60M | $8.03M | $8.70M |
| Net Income | $58.64M | $55.18M | $55.29M | $58.64M | $63.45M | $48.90M | $43.45M | $44.69M | $38.67M | $37.79M | $46.14M | $93.93M | $71.89M | $30.77M | $27.56M | $27.34M | $37.18M | $24.40M | $23.48M | $23.30M |
| Net Income Ratio | 35.75% | 33.88% | 34.61% | 37.84% | 42.54% | 33.37% | 31.06% | 33.10% | 29.78% | 30.08% | 38.92% | 83.14% | 66.95% | 29.42% | 27.68% | 27.92% | 40.12% | 26.52% | 26.18% | 26.29% |
| EPS | $1.20 | $1.13 | $1.15 | $1.23 | $1.36 | $1.07 | $0.97 | $1.02 | $0.89 | $0.87 | $1.09 | $2.28 | $1.76 | $0.76 | $0.69 | $0.69 | $0.94 | $0.62 | $0.60 | $0.60 |
| EPS Diluted | $1.20 | $1.13 | $1.14 | $1.22 | $1.35 | $1.07 | $0.97 | $1.02 | $0.89 | $0.87 | $1.09 | $2.27 | $1.75 | $0.76 | $0.69 | $0.69 | $0.94 | $0.62 | $0.60 | $0.60 |
| Weighted Average Shares Outstanding | 48.80M | 48.86M | 48.25M | 47.86M | 46.83M | 45.66M | 44.66M | 43.75M | 43.47M | 43.47M | 42.21M | 41.25M | 40.84M | 40.43M | 40.07M | 39.67M | 39.51M | 39.34M | 39.01M | 38.88M |
| Weighted Average Shares Outstanding Diluted | 48.91M | 49.00M | 48.34M | 47.96M | 46.98M | 45.79M | 44.73M | 43.82M | 43.59M | 43.58M | 42.32M | 41.36M | 41.01M | 40.57M | 40.16M | 39.77M | 39.65M | 39.45M | 39.08M | 38.96M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $17.53M | $40.26M | $56.00K | $4.39M | $21.00K |
| Short Term Investments | $- | $- | $7.23M | $2.24M | $- |
| Cash and Short Term Investments | $17.53M | $40.26M | $56.00K | $4.39M | $21.00K |
| Net Receivables | $97.62M | $83.77M | $71.38M | $66.78M | $51.28M |
| Inventory | $- | $- | $-38.35M | $5.70M | $- |
| Other Current Assets | $9.80M | $7.95M | $5.20M | $11.66M | $22.49M |
| Total Current Assets | $124.95M | $131.99M | $76.64M | $93.62M | $73.79M |
| Property Plant Equipment Net | $2.23M | $2.83M | $2.05M | $1.98M | $2.13M |
| Goodwill | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K |
| Intangible Assets | $59.10M | $20.37M | $21.15M | $18.90M | $15.15M |
| Goodwill and Intangible Assets | $60.09M | $21.36M | $22.14M | $19.89M | $16.14M |
| Long Term Investments | $7.45M | $7.54M | $7.23M | $7.32M | $7.45M |
| Tax Assets | $- | $- | $4.04B | $3.22B | $2.56B |
| Other Non-Current Assets | $4.88B | $4.32B | $-108.06M | $-122.81M | $57.54M |
| Total Non-Current Assets | $4.95B | $4.35B | $3.96B | $3.12B | $2.65B |
| Other Assets | $- | $34.94M | $- | $- | $- |
| Total Assets | $5.08B | $4.52B | $4.04B | $3.22B | $2.72B |
| Account Payables | $10.92M | $14.99M | $11.01M | $10.58M | $2.42M |
| Short Term Debt | $- | $- | $115.12M | $75.11M | $84.28M |
| Tax Payables | $11.53M | $9.51M | $6.82M | $4.49M | $3.52M |
| Deferred Revenue | $24.81M | $- | $17.00M | $16.40M | $14.69M |
| Other Current Liabilities | $121.30M | $295.81M | $104.01M | $4.11M | $-24.60M |
| Total Current Liabilities | $168.56M | $320.31M | $322.45M | $333.23M | $208.46M |
| Long Term Debt | $1.55B | $1.53B | $1.77B | $1.40B | $1.24B |
| Deferred Revenue Non-Current | $- | $- | $17.00M | $16.40M | $14.69M |
| Deferred Tax Liabilities Non-Current | $- | $- | $-17.00M | $-16.40M | $-14.69M |
| Other Non-Current Liabilities | $67.56M | $63.80M | $59.76M | $131.59M | $129.98M |
| Total Non-Current Liabilities | $1.62B | $1.59B | $1.76B | $1.31B | $1.24B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $1.78B | $1.91B | $2.08B | $1.64B | $1.45B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $5.00K | $5.00K | $4.00K | $4.00K | $4.00K |
| Retained Earnings | $-403.17M | $-366.47M | $-334.90M | $-318.06M | $-329.67M |
| Accumulated Other Comprehensive Income Loss | $21.95M | $24.89M | $36.37M | $1.30M | $-10.75M |
| Other Total Stockholders Equity | $3.67B | $2.95B | $2.25B | $1.89B | $1.61B |
| Total Stockholders Equity | $3.29B | $2.61B | $1.95B | $1.57B | $1.27B |
| Total Equity | $3.29B | $2.61B | $1.95B | $1.57B | $1.27B |
| Total Liabilities and Stockholders Equity | $5.08B | $4.52B | $4.04B | $3.22B | $2.72B |
| Minority Interest | $365.00K | $307.00K | $441.00K | $1.39M | $880.00K |
| Total Liabilities and Total Equity | $5.08B | $4.52B | $4.04B | $3.22B | $2.72B |
| Total Investments | $7.45M | $7.54M | $14.46M | $7.32M | $7.45M |
| Total Debt | $1.55B | $1.70B | $1.88B | $1.48B | $1.32B |
| Net Debt | $1.53B | $1.66B | $1.88B | $1.47B | $1.32B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $17.53M | $16.96M | $39.40M | $15.62M | $40.26M | $374.00K | $1.08M | $9.39M | $56.00K | $4.85M | $5.55M | $5.72M | $4.39M | $247.00K | $38.56M | $68.00K | $21.00K | $19.00K | $104.00K | $671.00K |
| Short Term Investments | $- | $- | $29.69M | $31.00M | $27.37M | $42.09M | $37.58M | $30.23M | $7.23M | $41.13M | $24.91M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $17.53M | $16.96M | $39.40M | $15.62M | $40.26M | $374.00K | $1.08M | $9.39M | $56.00K | $4.85M | $5.55M | $5.72M | $4.39M | $247.00K | $38.56M | $68.00K | $21.00K | $19.00K | $104.00K | $671.00K |
| Net Receivables | $97.62M | $90.58M | $86.85M | $81.99M | $83.77M | $81.05M | $75.36M | $74.91M | $71.38M | $65.25M | $60.42M | $58.28M | $66.78M | $70.22M | $55.33M | $49.57M | $51.28M | $48.87M | $47.10M | $45.67M |
| Inventory | $- | $- | $-29.69M | $-31.00M | $-27.37M | $-42.09M | $-37.58M | $-30.23M | $-38.35M | $-79.21M | $-24.91M | $-78.67M | $5.70M | $-81.36M | $-73.49M | $- | $- | $- | $- | $- |
| Other Current Assets | $9.80M | $18.00M | $15.78M | $4.68M | $7.95M | $13.31M | $16.78M | $4.56M | $5.20M | $13.96M | $14.68M | $20.39M | $11.66M | $11.15M | $18.16M | $21.29M | $22.49M | $19.77M | $17.19M | $17.80M |
| Total Current Assets | $124.95M | $125.54M | $142.03M | $102.29M | $131.99M | $94.74M | $93.22M | $9.39M | $76.64M | $4.85M | $5.55M | $5.72M | $93.62M | $247.00K | $38.56M | $70.93M | $73.79M | $68.66M | $64.39M | $64.14M |
| Property Plant Equipment Net | $2.23M | $2.37M | $2.52M | $2.67M | $2.83M | $1.68M | $1.80M | $1.93M | $2.05M | $2.02M | $2.14M | $1.86M | $1.98M | $2.11M | $2.23M | $2.36M | $2.13M | $2.25M | $2.38M | $2.50M |
| Goodwill | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K | $990.00K |
| Intangible Assets | $38.85M | $23.25M | $22.89M | $21.25M | $20.37M | $19.35M | $18.58M | $19.17M | $21.15M | $23.46M | $25.59M | $18.43M | $18.90M | $16.35M | $13.17M | $13.93M | $15.15M | $13.85M | $15.25M | $16.68M |
| Goodwill and Intangible Assets | $39.84M | $24.24M | $23.88M | $22.24M | $21.36M | $20.34M | $19.57M | $20.16M | $22.14M | $24.45M | $26.58M | $19.42M | $19.89M | $17.34M | $14.16M | $14.92M | $16.14M | $14.84M | $16.24M | $17.67M |
| Long Term Investments | $7.45M | $7.17M | $7.39M | $40.04M | $7.54M | $7.26M | $7.79M | $7.51M | $7.23M | $7.67M | $7.38M | $7.60M | $7.32M | $7.11M | $7.35M | $7.65M | $7.45M | $7.53M | $7.32M | $7.61M |
| Tax Assets | $- | $- | $4.49B | $4.40B | $4.35B | $4.22B | $4.08B | $- | $- | $- | $3.59B | $- | $- | $2.79B | $2.64B | $2.60B | $2.56B | $2.48B | $2.48B | $2.46B |
| Other Non-Current Assets | $4.90B | $4.57B | $43.90M | $8.25M | $7.57M | $6.59M | $5.65M | $4.04B | $3.93B | $3.92B | $3.81B | $3.31B | $3.09B | $171.59M | $157.91M | $62.94M | $57.54M | $58.31M | $55.87M | $56.49M |
| Total Non-Current Assets | $4.95B | $4.60B | $4.57B | $4.47B | $4.39B | $4.26B | $4.11B | $4.07B | $3.96B | $3.96B | $3.85B | $3.34B | $3.12B | $2.98B | $2.82B | $2.69B | $2.65B | $2.57B | $2.56B | $2.54B |
| Other Assets | $- | $25.08M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $5.08B | $4.75B | $4.71B | $4.58B | $4.52B | $4.35B | $4.20B | $4.08B | $4.04B | $3.96B | $3.85B | $3.34B | $3.22B | $2.99B | $2.86B | $2.76B | $2.72B | $2.64B | $2.62B | $2.60B |
| Account Payables | $10.92M | $10.87M | $13.70M | $14.65M | $14.99M | $14.88M | $13.01M | $12.80M | $11.01M | $16.85M | $16.47M | $13.78M | $10.58M | $- | $- | $- | $2.42M | $- | $- | $- |
| Short Term Debt | $-3.60M | $123.40M | $170.00M | $170.00M | $- | $- | $1.92M | $50.09M | $115.12M | $30.00K | $58.00K | $87.00K | $75.11M | $678.00K | $- | $42.02M | $84.28M | $77.30M | $109.57M | $111.82M |
| Tax Payables | $11.53M | $71.66M | $48.88M | $26.63M | $9.51M | $63.96M | $41.50M | $21.73M | $6.82M | $55.98M | $35.60M | $18.75M | $4.49M | $46.95M | $30.67M | $16.34M | $3.52M | $42.82M | $27.90M | $13.96M |
| Deferred Revenue | $24.81M | $- | $18.40M | $19.47M | $20.07M | $19.20M | $20.64M | $20.40M | $17.00M | $18.29M | $15.90M | $15.08M | $16.40M | $15.53M | $13.60M | $15.39M | $14.69M | $12.13M | $13.24M | $13.15M |
| Other Current Liabilities | $124.89M | $15.29M | $126.25M | $94.73M | $295.81M | $120.08M | $102.77M | $56.74M | $104.01M | $118.09M | $105.02M | $94.09M | $4.11M | $105.34M | $75.18M | $18.93M | $-24.60M | $-8.11M | $-35.46M | $-34.01M |
| Total Current Liabilities | $168.56M | $221.22M | $203.14M | $173.44M | $164.89M | $235.56M | $197.20M | $227.43M | $322.45M | $345.14M | $360.78M | $322.02M | $333.23M | $208.70M | $99.47M | $195.26M | $208.46M | $199.13M | $179.18M | $186.14M |
| Long Term Debt | $1.55B | $1.52B | $1.53B | $1.53B | $1.53B | $1.70B | $1.70B | $1.77B | $1.77B | $1.72B | $1.65B | $1.49B | $1.40B | $1.36B | $1.29B | $1.26B | $1.24B | $1.15B | $1.14B | $1.15B |
| Deferred Revenue Non-Current | $- | $- | $18.40M | $19.47M | $20.07M | $19.20M | $20.64M | $20.40M | $17.00M | $18.29M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $-162.25M | $41.81M | $-20.07M | $-19.20M | $-20.64M | $-20.40M | $-17.00M | $-18.29M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $67.56M | $69.15M | $59.62M | $59.81M | $63.80M | $62.29M | $113.42M | $113.18M | $59.76M | $-92.99M | $-141.31M | $-138.83M | $131.59M | $-4.77M | $88.57M | $90.00M | $129.98M | $119.46M | $153.44M | $154.53M |
| Total Non-Current Liabilities | $1.62B | $1.59B | $1.74B | $1.74B | $1.75B | $1.74B | $1.79B | $1.82B | $1.76B | $1.63B | $1.50B | $1.35B | $1.31B | $1.36B | $1.38B | $1.24B | $1.24B | $1.19B | $1.23B | $1.23B |
| Other Liabilities | $- | $107.50M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.78B | $1.92B | $1.95B | $1.92B | $1.91B | $1.98B | $1.99B | $2.04B | $2.08B | $1.97B | $1.87B | $1.67B | $1.64B | $1.57B | $1.48B | $1.44B | $1.45B | $1.39B | $1.41B | $1.41B |
| Preferred Stock | $- | $- | $375.56M | $368.95M | $- | $369.19M | $358.93M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K | $4.00K |
| Retained Earnings | $-403.17M | $-389.27M | $-375.56M | $-368.95M | $-366.47M | $-369.19M | $-358.93M | $-345.62M | $-334.90M | $-319.06M | $-302.32M | $-300.43M | $-318.06M | $-344.38M | $-338.42M | $-334.00M | $-329.67M | $-335.36M | $-328.44M | $-322.37M |
| Accumulated Other Comprehensive Income Loss | $21.95M | $13.94M | $29.69M | $30.78M | $24.89M | $42.09M | $36.31M | $26.11M | $36.37M | $41.13M | $23.97M | $17.13M | $1.30M | $-2.48M | $-3.80M | $-2.54M | $-10.75M | $-13.45M | $-14.81M | $-12.98M |
| Other Total Stockholders Equity | $3.67B | $3.21B | $3.11B | $3.00B | $2.95B | $2.71B | $2.18B | $2.36B | $2.25B | $2.27B | $2.26B | $1.96B | $1.89B | $1.77B | $1.71B | $1.65B | $1.61B | $1.59B | $1.56B | $1.53B |
| Total Stockholders Equity | $3.29B | $2.83B | $2.77B | $2.66B | $2.61B | $2.38B | $2.21B | $2.04B | $1.95B | $1.99B | $1.98B | $1.67B | $1.57B | $1.42B | $1.37B | $1.32B | $1.27B | $1.24B | $1.22B | $1.19B |
| Total Equity | $3.29B | $2.83B | $2.77B | $2.66B | $2.61B | $2.38B | $2.21B | $2.04B | $1.95B | $1.99B | $1.99B | $1.67B | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Stockholders Equity | $5.08B | $4.75B | $4.71B | $4.58B | $4.52B | $4.35B | $4.20B | $4.08B | $4.04B | $3.96B | $3.85B | $3.34B | $3.22B | $2.99B | $2.86B | $2.76B | $2.72B | $2.64B | $2.62B | $2.60B |
| Minority Interest | $365.00K | $247.00K | $257.00K | $316.00K | $307.00K | $301.00K | $344.00K | $415.00K | $441.00K | $1.29M | $1.35M | $1.36M | $1.39M | $842.00K | $890.00K | $887.00K | $880.00K | $1.70M | $1.72M | $1.73M |
| Total Liabilities and Total Equity | $5.08B | $4.75B | $4.71B | $4.58B | $4.52B | $4.35B | $4.20B | $4.08B | $4.04B | $3.96B | $3.85B | $3.34B | $3.22B | $2.99B | $2.86B | $2.76B | $2.72B | $2.64B | $2.62B | $2.60B |
| Total Investments | $7.45M | $7.17M | $37.08M | $40.04M | $7.54M | $7.26M | $7.79M | $7.51M | $14.46M | $7.67M | $32.29M | $7.60M | $7.32M | $7.11M | $7.35M | $7.65M | $7.45M | $7.53M | $7.32M | $7.61M |
| Total Debt | $1.55B | $1.64B | $1.70B | $1.70B | $1.70B | $1.70B | $1.75B | $1.80B | $1.88B | $1.70B | $1.62B | $1.46B | $1.48B | $1.34B | $1.32B | $1.30B | $1.32B | $1.22B | $1.25B | $1.26B |
| Net Debt | $1.53B | $1.63B | $1.66B | $1.69B | $1.66B | $1.69B | $1.75B | $1.79B | $1.88B | $1.69B | $1.62B | $1.46B | $1.47B | $1.34B | $1.28B | $1.30B | $1.32B | $1.22B | $1.25B | $1.26B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $200.55M | $200.49M | $186.27M | $157.64M | $108.39M |
| Depreciation and Amortization | $171.08M | $171.08M | $153.64M | $127.10M | $116.36M |
| Deferred Income Tax | $- | $- | $- | $-38.86M | $-13.14M |
| Stock Based Compensation | $8.96M | $8.96M | $8.29M | $7.51M | $6.58M |
| Change in Working Capital | $-2.28M | $-19.79M | $7.88M | $1.73M | $-23.47M |
| Accounts Receivables | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $-5.92M | $-5.92M | $17.18M | $13.30M | $-18.85M |
| Other Working Capital | $3.64M | $-13.87M | $-9.29M | $-11.57M | $-4.62M |
| Other Non Cash Items | $-40.11M | $-22.54M | $-39.59M | $1.38M | $1.57M |
| Net Cash Provided by Operating Activities | $338.20M | $338.20M | $316.50M | $256.49M | $196.28M |
| Investments in Property Plant and Equipment | $- | $- | $-40.85M | $-33.30M | $-33.13M |
| Acquisitions Net | $- | $- | $536.97M | $527.00M | $277.78M |
| Purchases of Investments | $- | $- | $-496.12M | $-527.00M | $-244.65M |
| Sales Maturities of Investments | $23.57M | $- | $10.01M | $25.67M | $25.59M |
| Other Investing Activities | $-593.63M | $-570.06M | $-531.15M | $-521.63M | $-313.84M |
| Net Cash Used for Investing Activities | $-570.06M | $-570.06M | $-521.15M | $-529.26M | $-288.26M |
| Debt Repayment | $- | $-186.97M | $350.69M | $142.29M | $127.98M |
| Common Stock Issued | $717.66M | $692.31M | $75.62M | $273.41M | $91.06M |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-252.79M | $-225.62M | $-193.94M | $-131.76M | $-119.77M |
| Other Financing Activities | $-192.80M | $-7.65M | $-32.07M | $-6.80M | $-7.51M |
| Net Cash Used Provided by Financing Activities | $272.06M | $272.06M | $200.31M | $277.14M | $91.77M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $40.21M | $40.21M | $-4.34M | $4.37M | $-203.00K |
| Cash at End of Period | $40.26M | $40.26M | $56.00K | $4.39M | $21.00K |
| Cash at Beginning of Period | $56.00K | $56.00K | $4.39M | $21.00K | $224.00K |
| Operating Cash Flow | $338.20M | $338.20M | $316.50M | $256.49M | $196.28M |
| Capital Expenditure | $- | $- | $-40.85M | $-33.30M | $-33.13M |
| Free Cash Flow | $338.20M | $338.20M | $275.65M | $223.19M | $163.15M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $58.65M | $55.22M | $55.29M | $58.64M | $63.47M | $48.91M | $43.47M | $44.70M | $38.69M | $37.82M | $46.16M | $63.60M | $71.91M | $30.79M | $27.58M | $27.36M | $37.20M | $24.41M | $23.49M | $23.30M |
| Depreciation and Amortization | $49.66M | $48.92M | $45.66M | $45.17M | $45.25M | $42.52M | $42.30M | $41.01M | $40.56M | $39.28M | $37.46M | $36.34M | $33.17M | $32.26M | $31.35M | $30.31M | $30.69M | $29.21M | $28.57M | $27.89M |
| Deferred Income Tax | $- | $- | $- | $- | $-13.16M | $- | $-365.00K | $- | $- | $- | $- | $- | $-38.86M | $- | $- | $- | $-13.14M | $- | $- | $- |
| Stock Based Compensation | $2.20M | $2.53M | $2.24M | $3.51M | $2.13M | $1.88M | $2.17M | $2.78M | $1.76M | $2.21M | $2.42M | $1.90M | $1.67M | $1.83M | $2.41M | $1.60M | $1.55M | $1.61M | $2.19M | $1.23M |
| Change in Working Capital | $-56.67M | $15.59M | $21.36M | $18.54M | $-59.78M | $29.16M | $-1.39M | $10.68M | $-41.87M | $21.05M | $17.95M | $10.75M | $-52.69M | $38.06M | $-3.07M | $19.42M | $-40.05M | $7.56M | $10.51M | $-1.48M |
| Accounts Receivables | $-2.78M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-53.89M | $16.40M | $34.77M | $13.85M | $-56.36M | $28.14M | $12.62M | $9.67M | $-35.32M | $24.39M | $18.72M | $9.38M | $-43.80M | $37.32M | $941.00K | $18.84M | $-34.49M | $7.18M | $11.03M | $-2.57M |
| Other Working Capital | $- | $-810.00K | $-13.41M | $4.69M | $-3.43M | $1.02M | $-14.01M | $1.00M | $-6.55M | $-3.34M | $-774.00K | $1.37M | $-8.88M | $742.00K | $-4.01M | $577.00K | $-5.56M | $374.00K | $-520.00K | $1.09M |
| Other Non Cash Items | $50.00K | $677.00K | $57.11M | $71.03M | $197.00K | $-1.15M | $-855.00K | $-5.72M | $809.00K | $44.00K | $542.00K | $-30.34M | $114.00K | $549.00K | $578.00K | $136.00K | $448.00K | $135.00K | $479.00K | $505.00K |
| Net Cash Provided by Operating Activities | $53.89M | $122.93M | $122.86M | $116.90M | $38.10M | $121.32M | $85.32M | $93.46M | $39.95M | $100.40M | $93.89M | $82.26M | $15.33M | $103.49M | $58.85M | $78.82M | $16.68M | $62.92M | $65.24M | $51.44M |
| Investments in Property Plant and Equipment | $- | $- | $-20.04M | $-14.83M | $-9.02M | $-13.36M | $-12.96M | $-15.78M | $-9.81M | $-9.32M | $- | $- | $-10.51M | $-5.98M | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $157.35M | $- | $151.75M | $79.89M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $-118.07M | $-112.63M | $-179.74M | $-166.29M | $-143.19M | $-64.11M | $-98.76M | $-113.91M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $2.45M | $17.40M | $31.41M | $- | $4.39M | $5.96M | $- | $- | $- | $7.78M | $5.40M | $- | $- | $- | $8.42M | $- | $- | $- |
| Other Investing Activities | $-327.55M | $-125.82M | $-12.08M | $-13.17M | $-180.60M | $-1.00M | $-143.98M | $-70.78M | $-27.03M | $-1.19M | $10.40M | $-121.93M | $-203.64M | $-172.73M | $-77.89M | $-63.92M | $-106.99M | $-43.02M | $-48.04M | $-98.62M |
| Net Cash Used for Investing Activities | $-327.55M | $-125.82M | $-147.75M | $-123.23M | $-180.60M | $-180.66M | $-143.98M | $-64.82M | $-135.59M | $-124.42M | $-146.99M | $-114.14M | $-208.75M | $-178.71M | $-77.89M | $-63.92M | $-98.57M | $-43.02M | $-48.04M | $-98.62M |
| Debt Repayment | $-120.00M | $-50.00M | $- | $- | $- | $-51.92M | $-72.07M | $-64.63M | $164.09M | $74.44M | $99.08M | $13.08M | $114.86M | $20.35M | $32.02M | $-24.95M | $99.95M | $-21.84M | $-18.19M | $68.03M |
| Common Stock Issued | $463.30M | $92.21M | $112.75M | $49.36M | $241.44M | $167.36M | $177.79M | $105.72M | $243.00K | $1.13M | $70.00K | $74.25M | $118.73M | $48.72M | $59.46M | $46.43M | $14.98M | $31.36M | $29.65M | $14.73M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-68.76M | $-61.69M | $-60.90M | $-61.44M | $-58.66M | $-56.55M | $-55.24M | $-55.17M | $-54.34M | $-47.81M | $-45.75M | $-46.03M | $-36.52M | $-31.84M | $-31.54M | $-31.86M | $-31.21M | $-29.40M | $-29.21M | $-29.95M |
| Other Financing Activities | $-315.00K | $-76.00K | $-3.19M | $-6.23M | $-393.00K | $-260.00K | $-133.00K | $-5.22M | $-19.14M | $-4.45M | $-386.00K | $-8.09M | $496.00K | $-334.00K | $-2.41M | $-4.47M | $-1.83M | $-106.00K | $-20.00K | $-5.19M |
| Net Cash Used Provided by Financing Activities | $274.22M | $-19.56M | $48.66M | $-18.31M | $182.38M | $58.63M | $50.35M | $-19.30M | $90.85M | $23.31M | $52.94M | $33.21M | $197.57M | $36.90M | $57.53M | $-14.86M | $81.90M | $-19.99M | $-17.77M | $47.63M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-77.80M | $77.80M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $572.00K | $-22.44M | $23.77M | $-24.64M | $39.89M | $-708.00K | $-8.31M | $9.33M | $-4.79M | $-707.00K | $-163.00K | $1.32M | $4.15M | $-38.32M | $38.50M | $47.00K | $2.00K | $-85.00K | $-567.00K | $447.00K |
| Cash at End of Period | $17.53M | $16.96M | $39.40M | $15.62M | $40.26M | $374.00K | $1.08M | $9.39M | $56.00K | $4.85M | $5.55M | $5.72M | $4.39M | $247.00K | $38.56M | $68.00K | $21.00K | $19.00K | $104.00K | $671.00K |
| Cash at Beginning of Period | $16.96M | $39.40M | $15.62M | $40.26M | $374.00K | $1.08M | $9.39M | $56.00K | $4.85M | $5.55M | $5.72M | $4.39M | $247.00K | $38.56M | $68.00K | $21.00K | $19.00K | $104.00K | $671.00K | $224.00K |
| Operating Cash Flow | $53.89M | $122.93M | $122.86M | $116.90M | $38.10M | $121.32M | $85.32M | $93.46M | $39.95M | $100.40M | $93.89M | $82.26M | $15.33M | $103.49M | $58.85M | $78.82M | $16.68M | $62.92M | $65.24M | $51.44M |
| Capital Expenditure | $- | $- | $-20.04M | $-14.83M | $-9.02M | $-13.36M | $-12.96M | $-15.78M | $-9.81M | $-9.32M | $- | $- | $-10.51M | $-5.98M | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $53.89M | $122.93M | $102.82M | $102.07M | $29.08M | $107.96M | $72.36M | $77.68M | $30.14M | $91.08M | $93.89M | $82.26M | $4.82M | $97.51M | $58.85M | $78.82M | $16.68M | $62.92M | $65.24M | $51.44M |
EastGroup Properties Dividends
Explore EastGroup Properties's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
3.23%
Dividend Payout Ratio
5424763.95%
Dividend Paid & Capex Coverage Ratio
1.34x
EastGroup Properties Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $1.4 | $1.4 | March 31, 2025 | March 31, 2025 | April 15, 2025 | March 07, 2025 |
| $1.4 | $1.4 | December 31, 2024 | December 31, 2024 | January 15, 2025 | December 02, 2024 |
| $1.4 | $1.4 | September 30, 2024 | September 30, 2024 | October 15, 2024 | August 23, 2024 |
| $1.27 | $1.27 | June 28, 2024 | June 28, 2024 | July 15, 2024 | May 23, 2024 |
| $1.27 | $1.27 | March 27, 2024 | March 28, 2024 | April 15, 2024 | March 08, 2024 |
| $1.27 | $1.27 | December 28, 2023 | December 29, 2023 | January 12, 2024 | December 08, 2023 |
| $1.27 | $1.27 | September 28, 2023 | September 29, 2023 | October 13, 2023 | August 25, 2023 |
| $1.25 | $1.25 | June 29, 2023 | June 30, 2023 | July 14, 2023 | May 25, 2023 |
| $1.25 | $1.25 | March 30, 2023 | March 31, 2023 | April 14, 2023 | March 03, 2023 |
| $1.25 | $1.25 | December 29, 2022 | December 30, 2022 | January 13, 2023 | December 01, 2022 |
| $1.25 | $1.25 | September 29, 2022 | September 30, 2022 | October 14, 2022 | August 26, 2022 |
| $1.1 | $1.1 | June 29, 2022 | June 30, 2022 | July 15, 2022 | May 26, 2022 |
| $1.1 | $1.1 | March 30, 2022 | March 31, 2022 | April 14, 2022 | March 04, 2022 |
| $1.1 | $1.1 | December 30, 2021 | December 31, 2021 | January 15, 2022 | December 01, 2021 |
| $0.9 | $0.9 | September 29, 2021 | September 30, 2021 | October 15, 2021 | August 26, 2021 |
| $0.79 | $0.79 | June 29, 2021 | June 30, 2021 | July 15, 2021 | May 27, 2021 |
| $0.79 | $0.79 | March 30, 2021 | March 31, 2021 | April 15, 2021 | March 05, 2021 |
| $0.79 | $0.79 | December 30, 2020 | December 31, 2020 | January 15, 2021 | December 03, 2020 |
| $0.79 | $0.79 | September 29, 2020 | September 30, 2020 | October 15, 2020 | August 27, 2020 |
| $0.75 | $0.75 | June 29, 2020 | June 30, 2020 | July 15, 2020 | May 21, 2020 |
EastGroup Properties News
Read the latest news about EastGroup Properties, including recent articles, headlines, and updates.
EastGroup Properties Q4: Another Reason To Own This Industrial REIT
EastGroup Properties, Inc. is a high performing industrial REIT with proven growth strategy. Q4 2024 results showed growth in FFO and acquisitions, with a 97.1% leased portfolio, indicating strong future income and dividend potential. EGP has a proven strategy, outperforming the S&P 500 Index over 10 years, with a current 3.12% yield and a history of rising dividends.
CIO vs. EGP: Which Stock Is the Better Value Option?
Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either City Office REIT (CIO) or EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?
Tariff Turbulence
US equity markets tumbled this week - suffering its worst week in six months - as disappointing employment reports and fast-shifting tariff policy failed to improve skittish investor sentiment. Reminiscent of Fed Chair Powell's infamous August 2022 "some pain ahead" speech, the Trump Administration warned of a "little disturbance" and a necessary "detox period" for the U.S. economy. Softer-than-expected employment data this week fueled doubts that sweeping overhauls to trade policy and fiscal spending can be accomplished without risking a recession.
EastGroup Properties Announces 181st Consecutive Quarterly Cash Dividend
JACKSON, Miss. , March 7, 2025 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company" or "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.40 per share payable on April 15, 2025, to shareholders of record of Common Stock on March 31, 2025.
Winners Of REIT Earnings Season
In Part 2 of our Earnings Recap, we present a sector-by-sector breakdown of the Winners of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Healthcare REITs were the leaders this earnings season, with results showing robust momentum in senior housing fundamentals, while tenant operator issues improved across other healthcare sub-sectors. Results from Net Lease, Casino, and Residential Mortgage REITs - several of the most rate-sensitive sectors - were also surprisingly steady despite the interest rate turbulence in late 2024.
CIO or EGP: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either City Office REIT (CIO) or EastGroup Properties (EGP). But which of these two companies is the best option for those looking for undervalued stocks?
My Top 10 REITs For 2025 (Revisited)
I screened for high-quality, competitively advantaged REITs to deliver 29% annualized returns in 2025; the portfolio is on target with a 5.4% YTD return. Top performers include Terreno (+13.5%), EastGroup (+12.7%), and Realty Income (+7.9%), while Ryman Hospitality (-4.6%) and Alexandria (-0.7%) lag. Strong balance sheets and strategic market positioning are key factors for REITs like EastGroup, Terreno, and Rexford, supporting my buy and strong buy ratings.
EastGroup Properties, Inc. (EGP) Q4 2024 Earnings Call Transcript
EastGroup Properties, Inc. (NYSE:EGP ) Q4 2024 Earnings Conference Call February 7, 2025 11:00 AM ET Company Participants Marshall Loeb - President and Chief Executive Officer Keena Frazier - Director of Leasing Statistics Brent Wood - Chief Financial Officer Conference Call Participants Andrew Berger - Bank of America Merrill Lynch Alexander Goldfarb - Piper Sandler & Co. Craig Mailman - Citigroup Inc. AJ Peak - KeyBanc Capital Markets, Inc. Richard Anderson - Wedbush Securities Nicholas Thillman - Robert W. Baird & Co., Inc. Eric Borden - BMO Capital Markets Blaine Heck - Wells Fargo Securities Steve Sakwa - Evercore ISI Michael Carroll - RBC Capital Markets Ronald Kamdem - Morgan Stanley Omotayo Okusanya - Deutsche Bank AG Vince Tibone - Green Street Advisors Operator Good morning, ladies and gentlemen, and welcome to the EastGroup Properties, Inc. Fourth Quarter 2024 Earnings Conference Call and Webcast.
EastGroup Properties: Solid Q4 Results
EastGroup Properties (EGP 0.45%), a real estate investment trust (REIT) focused on industrial properties primarily in the Sunbelt, reported its fourth-quarter results on Feb. 6. Earnings per share (EPS) of $1.16 slightly beat expectations of $1.15, while revenue of $164 million came in slightly below the expected $166 million.
EastGroup Properties (EGP) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for EastGroup Properties (EGP) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
EastGroup Properties Announces Fourth Quarter and Full Year 2024 Results
Fourth Quarter 2024 Highlights Net Income Attributable to Common Stockholders of $1.16 Per Diluted Share for Fourth Quarter 2024 Compared to $1.35 Per Diluted Share for Fourth Quarter 2023 (Gains on Sales of Real Estate Investments Were $13 Million, or $0.28 Per Diluted Share, in Fourth Quarter 2023; There Were No Sales in Fourth Quarter 2024) Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.15 Per Diluted Share for Fourth Quarter 2024 Compared to $2.03 Per Diluted Share for Fourth Quarter 2023, an Increase of 5.9% Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 3.6% on a Straight-Line Basis and 3.4% on a Cash Basis for Fourth Quarter 2024 Compared to the Same Period in 2023 Operating Portfolio was 97.1% Leased and 96.1% Occupied as of December 31, 2024; Average Occupancy of Operating Portfolio was 95.8% for Fourth Quarter 2024 as Compared to 98.1% for Fourth Quarter 2023 Rental Rates on New and Renewal Leases Increased an Average of 46.6% on a Straight-Line Basis Acquired Three Operating Properties Containing 1,790,000 Square Feet and 26.8 Acres of Development Land for Approximately $257 Million Started Construction of Five Development Projects Totaling 802,000 Square Feet with Projected Total Costs of Approximately $125 Million Transferred One Development Project Containing 357,000 Square Feet to the Operating Portfolio Full Year 2024 Highlights Net Income Attributable to Common Stockholders of $4.66 Per Diluted Share for 2024 Compared to $4.42 Per Diluted Share for 2023 (Gains on Sales of Real Estate Investments Were $9 Million, or $0.18 Per Diluted Share, in 2024 Compared to $18 Million, or $0.40 Per Diluted Share, in 2023) FFO Excluding Gain on Involuntary Conversion and Business Interruption Claims of $8.31 Per Diluted Share for 2024 Compared to $7.70 Per Diluted Share for 2023, an Increase of 7.9% Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 4.8% on a Straight-Line Basis and 5.6% on a Cash Basis for 2024 Compared to 2023 Average Occupancy of Operating Portfolio was 96.8% for 2024 as Compared to 98.0% for 2023 Rental Rates on New and Renewal Leases Increased an Average of 53.0% on a Straight-Line Basis Acquired Six Operating Properties Containing 2,474,000 Square Feet and 61.1 Acres of Development Land for Approximately $404 Million Started Construction of 10 Development Projects Totaling 1,585,000 Square Feet with Projected Total Costs of Approximately $230 Million Transferred Seven Development Projects Containing 1,519,000 Square Feet to the Operating Portfolio JACKSON, Miss. , Feb. 6, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today the results of its operations for the three and twelve months ended December 31, 2024.
CHCT or EGP: Which Is the Better Value Stock Right Now?
Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Community Healthcare Trust (CHCT) and EastGroup Properties (EGP). But which of these two companies is the best option for those looking for undervalued stocks?
The Ten Commandments Of REIT Investing
The Chilton REIT Strategy, founded by Bruce Garrison, has achieved an annualized total return of +9.3% gross of fees over 20 years. Successful REITs are characterized by strong management, a focused strategy, high insider ownership, and financial strength, as outlined in 'The Ten Commandments of REIT Investing.' Public REITs, with superior balance sheets and access to capital, are well-positioned to outperform private equity alternatives in a higher interest rate environment.
10 Stocks I'm Buying As A New Government Takes Power
Global warming isn't just a "woke" issue; it has real financial implications for energy investments. DOGE has lofty and worthy goals, but the reality is that Congress controls the purse strings. Delayed Onset Tariff Syndrome (DOTS) will impact global trade and investment strategies. Exactly how remains in question.
7 Stocks I'm Buying Amid This Goldilocks (For Now) Economy
There is an often overlooked difference between income investing and dividend growth investing. The two are not the same. Timely charts showing that inflation is even more subdued than the official CPI metrics show, but also what threatens to disrupt the disinflationary trend. A discussion of three books dividend growth investors would benefit from reading. Only one is specifically about dividend growth investing.
EastGroup Properties: Buy The Drop On This Wonderful Bargain
EastGroup Properties is trading at a 52-week low, presenting a buying opportunity for long-term income and growth investors. EGP focuses on high-demand, supply-constrained Sunbelt markets with multi-tenant Shallow Bay properties, supporting resilience and growth potential. It's demonstrated consistent FFO growth, high occupancy rates, and a strong balance sheet with low debt-to-EBITDA, supporting its 3.6% dividend yield.
EGP: Rising Dividends With Industrial Real Estate
EastGroup Properties Inc. (EGP) is an industrial real estate investment trust with a long history of paying and growing dividends. Recent acquisitions and high occupancy rates demonstrate EGP's effective management and growth strategy, combining development and acquisition to maximize shareholder value. Despite recent price declines, EGP's historical performance and potential rebound in a rate-cutting environment make it an attractive buy-and-hold investment.
A Dozen Stocks I'm Buying As Rising Interest Rates Break The Market
Interest rate peaks often cause short-term S&P 500 selloffs, especially for REITs. I retain hope that REITs may decouple from 10-year Treasury yields once rates stabilize. Baby Boomers' economic impact is profound, influencing inflation, wages, and consumption patterns, with Millennials having a smaller effect at later ages in life. Debating whether dividend growth investors should buy Magnificent 7 stocks, I find GOOGL compelling for its reasonable valuation and growth potential.
EastGroup Properties Announces Fourth Quarter 2024 Earnings Conference Call and Webcast
JACKSON, Miss. , Jan. 7, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Fourth Quarter Earnings Conference Call and Webcast on Friday, February 7, 2025, at 11:00 a.m.
World Beaters' 2024 Performance Review
One year ago, I selected a portfolio of 10 REITs for their double-digit dividend growth, believing they would outperform on share price and deliver superior total return. In this article, I hold myself accountable. The World Beaters portfolio underperformed in share price, contrary to expectations, achieving a total return of (-3.48)%. The portfolio ended the year out yielding the VNQ by 12 bps, but did not achieve the anticipated share price outperformance, despite sterling operating results.
Ready, Set, REIT: Why 2025 Could Be A Breakout Year
The commercial real estate sector, valued at $26 trillion, offers diverse opportunities despite low growth and commoditized assets, with REITs providing accessible and liquid investment options. Rising interest rates have pressured REIT performance, yet current valuations present attractive opportunities, especially in sectors like data centers, telecommunications, and warehousing. Despite a challenging 2024, REITs remain financially robust with low leverage and strong access to capital, positioning them well for a potential rebound.
REITs Say 'Good Riddance' To 2024
U.S. equity markets sputtered in a choppy final week of 2024 as investors returned from the holidays with trepidation following the best two-year run for the S&P 500 since 1997-1998. The S&P 500 finished lower by 0.5% on the week, requiring a late-week rebound to pare steep declines following a historically ugly stretch of losses in the Christmas-to-New-Year period. Treasury yields posted a weekly decline for the first time in a month, pressured by a relatively weak slate of economic data, including soft PMI employment metrics and mortgage demand.
REIT Renaissance: The Golden Era?
I'm optimistic about 2025, expecting a REIT renaissance driven by corporate tax cuts, tariffs, and reduced regulation under President Trump's new administration. Corporate tax cuts will incentivize business creation, benefiting REIT tenants and boosting rent quality, despite REITs being pass-through entities. Trump's tariffs could lead to increased U.S. investments, benefiting REITs leasing space to companies building new factories and warehouses.
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