Summary
170.23 2.32(1.38%)06/28/2024
Eastgroup Properties, Inc. (EGP)
Eastgroup Properties, Inc. (EGP)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 0.62 | 1.86 | 6.75 | -5.31 | -7.98 | 0.74 | 63.84 | 12,796.21 |
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| Trading Data | ||
| Close | 170.23 | |
| Open | 168.72 | |
| High | 170.44 | |
| Low | 167.13 | |
| Volume | 289,093 | |
| Change | 1.05 | |
| Change % | 0.62 | |
| Avg Volume (20 Days) | 245,550 | |
| Volume/Avg Volume (20 Days) Ratio | 1.18 | |
| 52 Week Range | 154.75 - 188.85 | |
| Price vs 52 Week High | -9.86% | |
| Price vs 52 Week Low | 10.00% | |
| Range | 0.89 | |
| Gap Up/Down | -1.17 | |
Fundamentals | ||
| Market Capitalization (Mln) | 8,189 | |
| EBIDTA | 384,633,984 | |
| PE Ratio | 35.6039 | |
| PEG Ratio | 5.7800 | |
| WallStreet Target Price | 183.24 | |
| Book Value | 55.4770 | |
| Earnings Per Share | 4.6200 | |
| EPS Estimate Current Quarter | 1.0500 | |
| EPS Estimate Next Quarter | 1.0800 | |
| EPS Estimate Current Year | 4.5200 | |
| EPS Estimate Next Year | 4.9200 | |
| Diluted EPS (TTM) | 4.6200 | |
| Revenues | ||
| Profit Marging | 0.3636 | |
| Operating Marging (TTM) | 0.3838 | |
| Return on asset (TTM) | 0.0339 | |
| Return on equity (TTM) | 0.0914 | |
| Revenue TTM | 589,790,016 | |
| Revenue per share TTM | 12.7520 | |
| Quarterly Revenue Growth (YOY) | 0.1420 | |
| Quarterly Earnings Growth (YOY) | 0.1960 | |
| Gross Profit (TTM) | 353,110,000 | |
| Dividends | ||
| Dividend Share | 5.0600 | |
| Dividend Yield | 0.0309 | |
| Valuations | ||
| Trailing PE | 35.6039 | |
| Forward PE | 0.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 3.1449 | |
| Revenue Enterprise Value | 17.2789 | |
| EBITDA Enterprise Value | 23.6616 | |
| Shares | ||
| Shares Outstanding | 48,144,300 | |
| Shares Float | 47,275,780 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.02 | |
| Insider (%) | 1.00 | |
| Institutions (%) | 92.44 | |
06/26 07:00 EST - seekingalpha.com
Who Likes Work? These REITs Could Help You Retire (Early)
Workers are becoming less likely to work past the age of 62. Stock market gains and high interest rates are allowing people close to retirement to live off dividends or low-risk investments. EGP and SUI are two REITs that offer consistent dividend growth, decent income, and business models with growth tailwinds, making them good investment options.
Who Likes Work? These REITs Could Help You Retire (Early)
Workers are becoming less likely to work past the age of 62. Stock market gains and high interest rates are allowing people close to retirement to live off dividends or low-risk investments. EGP and SUI are two REITs that offer consistent dividend growth, decent income, and business models with growth tailwinds, making them good investment options.
06/15 08:15 EST - seekingalpha.com
9 Stocks On My Buy List As Fed Rate Cuts Approach
Disinflationary trends continue, opening the door to rate cuts and a potential REIT rally. Signs of consumer weakening are evident in declining movie theater sales, restaurant visits, and ski trips. Texas is expected to host a new stock exchange, reflecting the state's economic strength and ability to attract businesses and IPOs.
9 Stocks On My Buy List As Fed Rate Cuts Approach
Disinflationary trends continue, opening the door to rate cuts and a potential REIT rally. Signs of consumer weakening are evident in declining movie theater sales, restaurant visits, and ski trips. Texas is expected to host a new stock exchange, reflecting the state's economic strength and ability to attract businesses and IPOs.
05/31 10:16 EST - zacks.com
EastGroup (EGP) Expands Portfolio With Raleigh Acquisition
EastGroup's (EGP) strategic expansion efforts in the thriving Raleigh-Durham market align with broader trends in the industrial real estate market.
EastGroup (EGP) Expands Portfolio With Raleigh Acquisition
EastGroup's (EGP) strategic expansion efforts in the thriving Raleigh-Durham market align with broader trends in the industrial real estate market.
05/30 16:32 EST - prnewswire.com
EastGroup Properties Announces Recent Business Activity and Presentation at Nareit's REITweek
JACKSON, Miss. , May 30, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity.
EastGroup Properties Announces Recent Business Activity and Presentation at Nareit's REITweek
JACKSON, Miss. , May 30, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity.
05/29 12:46 EST - zacks.com
GNL or EGP: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Global Net Lease (GNL) and EastGroup Properties (EGP). But which of these two companies is the best option for those looking for undervalued stocks?
GNL or EGP: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Global Net Lease (GNL) and EastGroup Properties (EGP). But which of these two companies is the best option for those looking for undervalued stocks?
05/23 15:11 EST - prnewswire.com
EastGroup Properties Announces 178th Consecutive Quarterly Cash Dividend
JACKSON, Miss. , May 23, 2024 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.27 per share payable on July 15, 2024, to shareholders of record of Common Stock on June 28, 2024.
EastGroup Properties Announces 178th Consecutive Quarterly Cash Dividend
JACKSON, Miss. , May 23, 2024 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.27 per share payable on July 15, 2024, to shareholders of record of Common Stock on June 28, 2024.
05/11 07:30 EST - seekingalpha.com
What I Wish I Knew Before Buying REITs
I have made a lot of money investing in REITs. But at times, I have also suffered major losses due to poor decisions. Here is what I wish I knew before I got started.
What I Wish I Knew Before Buying REITs
I have made a lot of money investing in REITs. But at times, I have also suffered major losses due to poor decisions. Here is what I wish I knew before I got started.
05/04 11:00 EST - seekingalpha.com
Every Dividend Stock On My Buy List For May
The stock market reacted to the Federal Reserve's decisions with initial optimism, then reverted to pessimism, and now seems back to optimism. Fed Chair Jay Powell does not expect inflation to return to the target of 2% in the next few months but believes it will come down later this year. There are weakening trends in small business, the labor market, and consumer finances that lead me to believe the economy is in the "late-cycle" phase.
Every Dividend Stock On My Buy List For May
The stock market reacted to the Federal Reserve's decisions with initial optimism, then reverted to pessimism, and now seems back to optimism. Fed Chair Jay Powell does not expect inflation to return to the target of 2% in the next few months but believes it will come down later this year. There are weakening trends in small business, the labor market, and consumer finances that lead me to believe the economy is in the "late-cycle" phase.
05/04 09:00 EST - seekingalpha.com
13 Fast-Growing REITs With Strong Balance Sheets
There are two types of REITs: COWs (Cash Only Wanted) that focus on high dividend yield, and FROGs (Fast Rate of Growth) that prioritize maximizing total return. Higher yield usually means lower gain, and vice versa, so investors generally have to choose between the two. This article lists 13 REITS that have grown Funds From Operations at double-digit rates, maintain ample liquidity, and have outperformed the average REIT over the past 3 years.
13 Fast-Growing REITs With Strong Balance Sheets
There are two types of REITs: COWs (Cash Only Wanted) that focus on high dividend yield, and FROGs (Fast Rate of Growth) that prioritize maximizing total return. Higher yield usually means lower gain, and vice versa, so investors generally have to choose between the two. This article lists 13 REITS that have grown Funds From Operations at double-digit rates, maintain ample liquidity, and have outperformed the average REIT over the past 3 years.
05/03 07:00 EST - seekingalpha.com
Private REITs 101 Revisited: Do You Invest In BREIT Or A Diverse Public REIT Portfolio?
Blackstone's NAV REIT, BREIT, raised $66 billion from 2017 to 2022, surpassing all publicly-listed REITs in equity raised in 2022 alone. BREIT's ability to redeem shares at reported NAV distinguishes it from other non-traded REITs. Despite its strong performance, BREIT faces challenges such as high front-end loads, front-end dividends, and high management fees.
Private REITs 101 Revisited: Do You Invest In BREIT Or A Diverse Public REIT Portfolio?
Blackstone's NAV REIT, BREIT, raised $66 billion from 2017 to 2022, surpassing all publicly-listed REITs in equity raised in 2022 alone. BREIT's ability to redeem shares at reported NAV distinguishes it from other non-traded REITs. Despite its strong performance, BREIT faces challenges such as high front-end loads, front-end dividends, and high management fees.
04/29 12:45 EST - zacks.com
PGRE or EGP: Which Is the Better Value Stock Right Now?
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Paramount Group (PGRE) and EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?
PGRE or EGP: Which Is the Better Value Stock Right Now?
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Paramount Group (PGRE) and EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?
04/28 09:00 EST - seekingalpha.com
Stagflation Is Back
U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week - erasing essentially all of its declines in the prior week.
Stagflation Is Back
U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week - erasing essentially all of its declines in the prior week.
04/27 08:30 EST - seekingalpha.com
7 Stocks I'm Buying The First Week Of May
The near-closure of the Winnsboro TV factory in South Carolina highlights the global economy's interconnectedness as well as the pitfalls of trade barriers. Rising barriers to international trade, excessive government debt, and aging demographics are major headwinds to economic growth. The trade war with China has not resulted in a return of manufacturing jobs to the US and may hinder long-term GDP growth.
7 Stocks I'm Buying The First Week Of May
The near-closure of the Winnsboro TV factory in South Carolina highlights the global economy's interconnectedness as well as the pitfalls of trade barriers. Rising barriers to international trade, excessive government debt, and aging demographics are major headwinds to economic growth. The trade war with China has not resulted in a return of manufacturing jobs to the US and may hinder long-term GDP growth.
04/24 21:38 EST - seekingalpha.com
EastGroup Properties, Inc. (EGP) Q1 2024 Earnings Call Transcript
EastGroup Properties, Inc. (NYSE:EGP ) Q1 2024 Earnings Conference Call April 24, 2024 11:00 AM ET Company Participants Marshall Loeb - President & CEO Keena Frazier - Director of Leasing Statistics Brent Wood - EVP & CFO Conference Call Participants Jeff Spector - Bank of America Eric Warden - BMO Capital Markets Craig Mailman - Citibank William Crow - Raymond James Mike Keller - JPMorgan Todd Thomas - KeyBanc Capital Markets Jason Belcher - Wells Fargo Ronald Kamdem - Morgan Stanley Jessica Zheng - Green Street Samir Khanal - Evercore Ki Bin Kim - Truist Securities Nicholas Thillman - Robert W. Baird Vikram Malhotra - Mizuho Securities Operator Good morning, ladies and gentlemen, and welcome to the EastGroup Properties First Quarter 2024 Earnings Conference Call and Webcast.
EastGroup Properties, Inc. (EGP) Q1 2024 Earnings Call Transcript
EastGroup Properties, Inc. (NYSE:EGP ) Q1 2024 Earnings Conference Call April 24, 2024 11:00 AM ET Company Participants Marshall Loeb - President & CEO Keena Frazier - Director of Leasing Statistics Brent Wood - EVP & CFO Conference Call Participants Jeff Spector - Bank of America Eric Warden - BMO Capital Markets Craig Mailman - Citibank William Crow - Raymond James Mike Keller - JPMorgan Todd Thomas - KeyBanc Capital Markets Jason Belcher - Wells Fargo Ronald Kamdem - Morgan Stanley Jessica Zheng - Green Street Samir Khanal - Evercore Ki Bin Kim - Truist Securities Nicholas Thillman - Robert W. Baird Vikram Malhotra - Mizuho Securities Operator Good morning, ladies and gentlemen, and welcome to the EastGroup Properties First Quarter 2024 Earnings Conference Call and Webcast.
04/23 19:31 EST - zacks.com
EastGroup Properties (EGP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for EastGroup Properties (EGP) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
EastGroup Properties (EGP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for EastGroup Properties (EGP) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
04/23 18:31 EST - zacks.com
EastGroup Properties (EGP) Q1 FFO Lag Estimates
EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $1.98 per share, missing the Zacks Consensus Estimate of $2.01 per share. This compares to FFO of $1.82 per share a year ago.
EastGroup Properties (EGP) Q1 FFO Lag Estimates
EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $1.98 per share, missing the Zacks Consensus Estimate of $2.01 per share. This compares to FFO of $1.82 per share a year ago.
04/23 16:05 EST - prnewswire.com
EastGroup Properties Announces First Quarter 2024 Results
First Quarter 2024 Highlights Net Income Attributable to Common Stockholders of $1.22 Per Diluted Share for First Quarter 2024 Compared to $1.02 Per Diluted Share for First Quarter 2023 Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $1.98 Per Share for First Quarter 2024 Compared to $1.82 Per Share for First Quarter 2023, an Increase of 8.8% Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 4.9% on a Straight-Line Basis and 7.7% on a Cash Basis for First Quarter 2024 Compared to the Same Period in 2023 Operating Portfolio was 98.0% Leased and 97.7% Occupied as of March 31, 2024; Average Occupancy of Operating Portfolio was 97.5% for First Quarter 2024 as Compared to 98.1% for First Quarter 2023 Rental Rates on New and Renewal Leases Increased an Average of 57.8% on a Straight-Line Basis Acquired One Operating Property Containing 231,000 Square Feet for Approximately $55 Million Acquired 34.3 Acres of Development Land for Approximately $3 Million Started Construction of Two Development Projects Totaling 388,000 Square Feet with Projected Total Costs of Approximately $52 Million Transferred One Development Project, which Contains 133,000 Square Feet and is 100% Leased, to the Operating Portfolio Sold a Portfolio of Operating Properties in the Jackson, MS Market Totaling 159,000 Square Feet for Approximately $14 Million (Gains of $9 Million Not Included in FFO) JACKSON, Miss. , April 23, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today the results of its operations for the three months ended March 31, 2024.
EastGroup Properties Announces First Quarter 2024 Results
First Quarter 2024 Highlights Net Income Attributable to Common Stockholders of $1.22 Per Diluted Share for First Quarter 2024 Compared to $1.02 Per Diluted Share for First Quarter 2023 Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $1.98 Per Share for First Quarter 2024 Compared to $1.82 Per Share for First Quarter 2023, an Increase of 8.8% Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 4.9% on a Straight-Line Basis and 7.7% on a Cash Basis for First Quarter 2024 Compared to the Same Period in 2023 Operating Portfolio was 98.0% Leased and 97.7% Occupied as of March 31, 2024; Average Occupancy of Operating Portfolio was 97.5% for First Quarter 2024 as Compared to 98.1% for First Quarter 2023 Rental Rates on New and Renewal Leases Increased an Average of 57.8% on a Straight-Line Basis Acquired One Operating Property Containing 231,000 Square Feet for Approximately $55 Million Acquired 34.3 Acres of Development Land for Approximately $3 Million Started Construction of Two Development Projects Totaling 388,000 Square Feet with Projected Total Costs of Approximately $52 Million Transferred One Development Project, which Contains 133,000 Square Feet and is 100% Leased, to the Operating Portfolio Sold a Portfolio of Operating Properties in the Jackson, MS Market Totaling 159,000 Square Feet for Approximately $14 Million (Gains of $9 Million Not Included in FFO) JACKSON, Miss. , April 23, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today the results of its operations for the three months ended March 31, 2024.
04/22 17:11 EST - seekingalpha.com
EastGroup Properties: A Fully Valued Industrial Sunbelt Play
EastGroup Properties, Inc. has outperformed many industrial/logistics REITs due to upbeat remarks about the business and lower leverage. The company focuses on providing functional, flexible, and quality space in the Sunbelt states. EastGroup Properties has seen strong growth in rental revenues and has a high occupancy rate, but the valuation is still demanding.
EastGroup Properties: A Fully Valued Industrial Sunbelt Play
EastGroup Properties, Inc. has outperformed many industrial/logistics REITs due to upbeat remarks about the business and lower leverage. The company focuses on providing functional, flexible, and quality space in the Sunbelt states. EastGroup Properties has seen strong growth in rental revenues and has a high occupancy rate, but the valuation is still demanding.
04/20 11:30 EST - seekingalpha.com
8 Stocks I'm Buying Amid The Dividend Stock Selloff
The future is unknowable, but you can put the odds on your side for the long run by sticking to high-quality compounders. "Higher for longer" or, more accurately, "this high for a while longer," wins the day, at least based on March data. There are three primary drivers of economic growth in 2024.
8 Stocks I'm Buying Amid The Dividend Stock Selloff
The future is unknowable, but you can put the odds on your side for the long run by sticking to high-quality compounders. "Higher for longer" or, more accurately, "this high for a while longer," wins the day, at least based on March data. There are three primary drivers of economic growth in 2024.
04/16 07:30 EST - seekingalpha.com
3 Reasons To Hunt For Value In REITs Today
REITs are priced at their lowest valuations in years. But REIT fundamentals remain strong for the most part. And with interest rates soon headed lower, opportunities are abundant.
3 Reasons To Hunt For Value In REITs Today
REITs are priced at their lowest valuations in years. But REIT fundamentals remain strong for the most part. And with interest rates soon headed lower, opportunities are abundant.