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Real Estate - REIT - Industrial - NYSE - US
$ 171.99
0.579 %
$ 8.51 B
Market Cap
36.28
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one EGP stock under the base case scenario is HIDDEN Compared to the current market price of 172 USD, EastGroup Properties, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart EGP

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FINANCIALS
571 M REVENUE
17.16%
228 M OPERATING INCOME
24.14%
201 M NET INCOME
7.66%
338 M OPERATING CASH FLOW
6.86%
-570 M INVESTING CASH FLOW
-9.39%
272 M FINANCING CASH FLOW
35.82%
164 M REVENUE
2.66%
0 OPERATING INCOME
0.00%
55.2 M NET INCOME
-0.17%
123 M OPERATING CASH FLOW
0.06%
-126 M INVESTING CASH FLOW
14.84%
-19.6 M FINANCING CASH FLOW
-40.19%
Balance Sheet Decomposition EastGroup Properties, Inc.
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Current Assets 167 M
Cash & Short-Term Investments 40.3 M
Receivables 83.8 M
Other Current Assets 42.9 M
Non-Current Assets 4.35 B
Long-Term Investments 7.54 M
PP&E 2.83 M
Other Non-Current Assets 4.34 B
Current Liabilities 320 M
Accounts Payable 15 M
Short-Term Debt 0
Other Current Liabilities 305 M
Non-Current Liabilities 1.59 B
Long-Term Debt 1.53 B
Other Non-Current Liabilities 63.8 M
EFFICIENCY
Earnings Waterfall EastGroup Properties, Inc.
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Revenue 571 M
Cost Of Revenue 154 M
Gross Profit 417 M
Operating Expenses 188 M
Operating Income 228 M
Other Expenses 27.6 M
Net Income 201 M
RATIOS
73.01% GROSS MARGIN
73.01%
39.98% OPERATING MARGIN
39.98%
35.14% NET MARGIN
35.14%
7.69% ROE
7.69%
4.44% ROA
4.44%
5.55% ROIC
5.55%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis EastGroup Properties, Inc.
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Net Income 201 M
Depreciation & Amortization 171 M
Capital Expenditures 0
Stock-Based Compensation 8.96 M
Change in Working Capital -19.8 M
Others -36.5 M
Free Cash Flow 338 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets EastGroup Properties, Inc.
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Wall Street analysts predict an average 1-year price target for EGP of $195 , with forecasts ranging from a low of $172 to a high of $214 .
EGP Lowest Price Target Wall Street Target
172 USD 0.01%
EGP Average Price Target Wall Street Target
195 USD 13.20%
EGP Highest Price Target Wall Street Target
214 USD 24.43%
4. DIVIDEND ANALYSIS
0.68% DIVIDEND YIELD
1.4 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership EastGroup Properties, Inc.
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Sold
0-3 MONTHS
612 K USD 2
3-6 MONTHS
0 USD 0
6-9 MONTHS
457 K USD 1
9-12 MONTHS
173 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Sep 12, 2024
Sell 308 K USD
WOOD BRENT
Executive Vice President & CFO
- 1670
184.416 USD
2 months ago
Sep 12, 2024
Sell 304 K USD
Dunbar Richard Reid
Senior Vice President
- 1650
183.9939 USD
9 months ago
Feb 13, 2024
Sell 457 K USD
WOOD BRENT
Executive Vice President & CFO
- 2500
182.7435 USD
11 months ago
Dec 06, 2023
Sell 173 K USD
COLEMAN JOHN F
Executive Vice President
- 1000
173.0518 USD
1 year ago
Jul 27, 2023
Sell 290 K USD
Dunbar Richard Reid
Senior Vice President
- 1600
181.25 USD
1 year ago
Apr 27, 2023
Sell 104 K USD
EAVES HAYDEN C III
Director
- 638
163.415 USD
1 year ago
Dec 07, 2022
Sell 153 K USD
Dunbar Richard Reid
Senior Vice President
- 1000
152.687 USD
2 years ago
Jun 08, 2022
Bought 98 K USD
EAVES HAYDEN C III
director:
+ 600
163.29 USD
2 years ago
Nov 19, 2021
Sell 102 K USD
Dunbar Richard Reid
Senior Vice President
- 500
204.2663 USD
3 years ago
Nov 16, 2021
Sell 661 K USD
COLEMAN JOHN F
Executive Vice President
- 3199
206.5741 USD
3 years ago
Sep 15, 2021
Sell 333 K USD
COLEMAN JOHN F
Executive Vice President
- 1900
175.3846 USD
3 years ago
Sep 14, 2021
Sell 173 K USD
Tyler Staci H.
Senior VP, CAO and Secretary
- 1000
173.3683 USD
3 years ago
Apr 30, 2021
Sell 903 K USD
COLEMAN JOHN F
Executive Vice President
- 5760
156.7429 USD
4 years ago
Nov 02, 2020
Sell 29 K USD
SPEED LELAND R
Director
- 215
135 USD
4 years ago
Nov 02, 2020
Sell 441 K USD
COLEMAN JOHN F
Executive Vice President
- 3233
136.2661 USD
4 years ago
Sep 30, 2020
Sell 149 K USD
COLEMAN JOHN F
Executive Vice President
- 1136
131.1529 USD
4 years ago
Sep 18, 2020
Sell 95.2 K USD
COLEMAN JOHN F
Executive Vice President
- 700
136.0439 USD
4 years ago
Sep 22, 2020
Sell 133 K USD
COLEMAN JOHN F
Executive Vice President
- 1000
132.8796 USD
4 years ago
Aug 07, 2020
Sell 109 K USD
HOSTER DAVID H II
Director
- 798
137.08 USD
4 years ago
Jun 01, 2020
Sell 58.5 K USD
BAILEY H C JR
Director
- 500
117.08 USD
4 years ago
Feb 11, 2020
Sell 56.4 K USD
BAILEY H C JR
Director
- 403
140.011 USD
5 years ago
Oct 28, 2019
Sell 797 K USD
HOSTER DAVID H II
Director
- 6000
132.84 USD
5 years ago
Aug 23, 2019
Sell 61 K USD
BAILEY H C JR
Director
- 490
124.4764 USD
5 years ago
Aug 23, 2019
Sell 398 K USD
WOOD BRENT
Executive Vice President & CFO
- 3250
122.56 USD
5 years ago
Jun 04, 2019
Sell 104 K USD
HOSTER DAVID H II
Director
- 942
110.83 USD
5 years ago
Mar 26, 2019
Sell 1.11 M USD
COLEMAN JOHN F
Executive Vice President
- 10000
111.0892 USD
5 years ago
Nov 28, 2018
Sell 996 K USD
COLEMAN JOHN F
Executive Vice President
- 10000
99.5675 USD
5 years ago
Nov 28, 2018
Sell 600 K USD
WOOD BRENT
Executive Vice President
- 6000
99.9538 USD
6 years ago
Oct 31, 2018
Sell 25.6 K USD
BAILEY H C JR
Director
- 264
97.014 USD
6 years ago
Aug 17, 2018
Sell 458 K USD
WOOD BRENT
Executive Vice President
- 4700
97.399 USD
6 years ago
Aug 03, 2018
Sell 481 K USD
COLEMAN JOHN F
Executive Vice President
- 5000
96.273 USD
6 years ago
Jul 03, 2018
Sell 25.6 K USD
BAILEY H C JR
Director
- 265
96.441 USD
6 years ago
May 30, 2018
Sell 96.4 K USD
HOSTER DAVID H II
Director
- 1032
93.38 USD
6 years ago
May 30, 2018
Sell 46.9 K USD
EAVES HAYDEN C III
Director
- 500
93.776 USD
6 years ago
Apr 24, 2018
Sell 513 K USD
COLEMAN JOHN F
Executive Vice President
- 6000
85.4214 USD
6 years ago
Feb 08, 2018
Bought 240 K USD
GOULD FREDRIC H
Director
+ 3000
80.0536 USD
6 years ago
Dec 08, 2017
Sell 329 K USD
CORKERN BRUCE
Senior Vice President
- 3586
91.747 USD
6 years ago
Dec 07, 2017
Sell 298 K USD
WOOD BRENT
Executive Vice President & CFO
- 3300
90.259 USD
6 years ago
Dec 04, 2017
Sell 1.15 M USD
HOSTER DAVID H II
Director
- 12250
94.1044 USD
7 years ago
Nov 07, 2017
Sell 141 K USD
EAVES HAYDEN C III
Director
- 1532
92.136 USD
7 years ago
Nov 07, 2017
Sell 184 K USD
EAVES HAYDEN C III
Director
- 2000
92.136 USD
7 years ago
Jun 09, 2017
Sell 106 K USD
HOSTER DAVID H II
Director
- 1259
84 USD
7 years ago
May 23, 2017
Sell 69.1 K USD
BAILEY H C JR
Director
- 850
81.305 USD
7 years ago
May 22, 2017
Sell 403 K USD
COLEMAN JOHN F
Executive Vice President
- 5000
80.5637 USD
7 years ago
Apr 25, 2017
Sell 315 K USD
WOOD BRENT
Senior Vice President
- 4000
78.722 USD
7 years ago
Apr 25, 2017
Sell 315 K USD
WOOD BRENT
Senior Vice President
- 4000
78.722 USD
7 years ago
Apr 25, 2017
Sell 395 K USD
HOSTER DAVID H II
Director
- 5000
79.08 USD
7 years ago
Apr 25, 2017
Sell 314 K USD
HOSTER DAVID H II
Director
- 4000
78.5 USD
7 years ago
Mar 14, 2017
Sell 59.6 K USD
EAVES HAYDEN C III
Director
- 848
70.33 USD
7 years ago
Mar 14, 2017
Sell 14.1 K USD
EAVES HAYDEN C III
Director
- 200
70.33 USD
7 years ago
Dec 15, 2016
Sell 76 K USD
BAILEY H C JR
Director
- 1059
71.804 USD
7 years ago
Dec 07, 2016
Sell 109 K USD
BAILEY H C JR
Director
- 1500
72.9039 USD
7 years ago
Dec 09, 2016
Sell 74 K USD
BAILEY H C JR
Director
- 1000
74 USD
8 years ago
Aug 16, 2016
Sell 246 K USD
WOOD BRENT
Senior Vice President
- 3400
72.216 USD
8 years ago
Aug 10, 2016
Sell 730 K USD
HOSTER DAVID H II
Director
- 10000
73.01 USD
8 years ago
Jul 25, 2016
Sell 177 K USD
CORKERN BRUCE
Senior Vice President
- 2475
71.396 USD
8 years ago
Jun 28, 2016
Sell 90.1 K USD
BAILEY H C JR
Director
- 1339
67.296 USD
8 years ago
Jun 22, 2016
Sell 544 K USD
HOSTER DAVID H II
Director
- 8000
68 USD
8 years ago
Jun 22, 2016
Sell 544 K USD
HOSTER DAVID H II
Director
- 8000
68 USD
8 years ago
May 06, 2016
Sell 420 K USD
HOSTER DAVID H II
Director
- 6715
62.5095 USD
8 years ago
May 04, 2016
Sell 46.5 K USD
HOSTER DAVID H II
Director
- 750
62.045 USD
8 years ago
Apr 26, 2016
Bought 102 K USD
BOLTON H ERIC JR
Director
+ 1700
59.954 USD
8 years ago
Mar 31, 2016
Sell 1.45 M USD
HOSTER DAVID H II
Director
- 24208
60.01 USD
8 years ago
Feb 10, 2016
Bought 256 K USD
GOULD FREDRIC H
Director
+ 5000
51.1479 USD
9 years ago
Nov 05, 2015
Bought 227 K USD
GOULD FREDRIC H
Director
+ 4000
56.7039 USD
9 years ago
Jun 23, 2015
Sell 104 K USD
BAILEY H C JR
Director
- 1800
57.89 USD
9 years ago
May 08, 2015
Bought 176 K USD
GOULD FREDRIC H
Director
+ 3000
58.58 USD
9 years ago
May 05, 2015
Bought 48.1 K USD
BOLTON H ERIC JR
Director
+ 850
56.5747 USD
9 years ago
May 01, 2015
Bought 57.2 K USD
GOULD FREDRIC H
Director
+ 1000
57.2483 USD
9 years ago
May 01, 2015
Bought 17.2 K USD
GOULD FREDRIC H
Director
+ 300
57.32 USD
9 years ago
Mar 10, 2015
Bought 199 K USD
GOULD FREDRIC H
Director
+ 3400
58.5749 USD
9 years ago
Mar 09, 2015
Bought 23.5 K USD
GOULD FREDRIC H
Director
+ 400
58.86 USD
9 years ago
Feb 23, 2015
Sell 406 K USD
HOSTER DAVID H II
President and CEO
- 6400
63.449 USD
9 years ago
Feb 17, 2015
Sell 228 K USD
HOSTER DAVID H II
President and CEO
- 3600
63.4 USD
9 years ago
Feb 10, 2015
Sell 124 K USD
EAVES HAYDEN C III
Director
- 2000
61.89 USD
10 years ago
Sep 15, 2014
Bought 62 K USD
BOLTON H ERIC JR
Director
+ 1000
62 USD
10 years ago
Sep 10, 2014
Sell 97.2 K USD
EAVES HAYDEN C III
Director
- 1500
64.8 USD
10 years ago
Jul 22, 2014
Sell 97.4 K USD
EAVES HAYDEN C III
Director
- 1500
64.96 USD
10 years ago
Jun 12, 2014
Sell 112 K USD
BAILEY H C JR
Director
- 1745
64.4229 USD
10 years ago
Jun 11, 2014
Sell 71 K USD
EAVES HAYDEN C III
Director
- 1106
64.22 USD
10 years ago
Apr 21, 2014
Sell 335 K USD
HOSTER DAVID H II
President and CEO
- 5220
64.21 USD
10 years ago
Feb 19, 2014
Sell 214 K USD
EAVES HAYDEN C III
Director
- 3444
62.28 USD
10 years ago
Feb 18, 2014
Sell 987 K USD
HOSTER DAVID H II
President and CEO
- 16012
61.64 USD
10 years ago
Dec 30, 2013
Sell 72.7 K USD
CORKERN BRUCE
Senior Vice President
- 1257
57.8 USD
7. News
EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conferences JACKSON, Miss. , Nov. 14, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity. prnewswire.com - 2 days ago
Why REITs Will Pummel Stocks In 2025 REITs have strongly outperformed the S&P 500 in the recent past. I expect this strong outperformance to continue. There are two reasons for this. seekingalpha.com - 3 days ago
EastGroup Properties: The Surprising Growth Catalyst in Sun Belt Real Estate EastGroup's strengths, management, and financials-all in 12 minutes or less! fool.com - 3 days ago
My Portfolio's Biggest Winners And Losers From A Republican Sweep The election's swift resolution led to a sharp market reaction; S&P 500 rose ~4.5%, but REITs were weighed down by rising Treasury rates. Trump's victory is seen as inflationary, benefiting REIT fundamentals by suppressing new construction starts due to higher interest rates. My portfolio saw significant movements post-election, with regional banks and energy stocks gaining, while renewables and healthcare REITs faced short-term declines. seekingalpha.com - 1 week ago
It Is SNOing In November For REITs Real estate activity is rebounding as macroeconomic uncertainties clear, with significant leasing volume in data centers and retail sectors, leading to future revenue visibility. SNO leases in data centers and retail REITs provide excellent visibility into future annual base rent, impacting future FFO growth as leases commence in 2025-2026. Retail REITs like CTO and Brixmor benefit from high-margin SNO leases filling vacant spaces, translating to substantial AFFO growth, unlike lower-margin data center leases. seekingalpha.com - 1 week ago
8 Stocks I'm Buying No Matter How The U.S. Election Goes The federal government absorbed most of the economic pain of the pandemic, and that shows up in federal debt to GDP. Big Tech companies paradoxically benefit from a higher Fed Funds Rate, because their cash holdings are immense, and they can earn relatively high yields on that cash. Real estate stopped its short-lived outperformance once interest rates began to rise again in mid-September. seekingalpha.com - 2 weeks ago
PINE vs. EGP: Which Stock Is the Better Value Option? Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Alpine Income (PINE) and EastGroup Properties (EGP). But which of these two stocks presents investors with the better value opportunity right now? zacks.com - 2 weeks ago
EastGroup Properties: Double-Digit Dividend Growth, Industrial Powerhouse You Should Consider EastGroup Properties has shown strong fundamentals, growing FFO and revenue despite industrial sector headwinds, and has raised its dividend and FFO guidance for the year. The REIT's focus on attractive Sun Belt markets and lower leverage ratios positions it well for future growth, even amid current market volatility. With a forward P/FFO multiple of 21.20x and Wall Street's buy rating, EastGroup Properties offers potential double-digit upside. seekingalpha.com - 2 weeks ago
Brace For Volatility U.S. equity markets snapped a six-week winning streak, while benchmark interest rates surged to three-month highs as investors braced for a volatile two-week stretch of market-moving events. Another surprisingly solid slate of domestic economic data - highlighted by improved jobless claims and consumer sentiment reports - lifted the U.S. Economic Surprise Index to the highest-level since April. Retreating from record-highs, the S&P 500 finished lower by 1% on the week, declining for just the second time in the past twelve weeks. Rate-sensitive segments and small-caps were laggards. seekingalpha.com - 3 weeks ago
7 Stocks I'm Buying As Recession Fears Fade And Trump Victory Odds Rise Assessing the reasons for the recent rise in the 10-year Treasury rate: Soft landing optimism? A potential Fed overshoot? Rising odds of a Trump electoral victory? A series of Rorschach Tests that may interest investors. seekingalpha.com - 3 weeks ago
EastGroup Properties, Inc. (EGP) Q3 2024 Earnings Call Transcript EastGroup Properties, Inc. (NYSE:EGP ) Q3 2024 Earnings Call Transcript October 24, 2024 11:00 AM ET Company Participants Marshall Loeb - President & Chief Executive Officer Keena Frazier - Director-Leasing Statistics Brent Wood - Chief Financial Officer Conference Call Participants Craig Mailman - Citigroup Rich Anderson - Wedbush Andrew Berger - Bank of America Samir Khanal - Evercore ISI Todd Thomas - KeyBanc Capital Markets Blaine Heck - Wells Fargo Michael Carroll - RBC Capital Markets Alexander Goldfarb - Piper Sandler Nick Thillman - Baird Mike Mueller - JPMorgan Jessica Zheng - Green Street John Kim - BMO Capital Markets Brendan Lynch - Barclays Operator Good morning, ladies and gentlemen, and welcome to the EastGroup Properties Third Quarter 2024 Earnings Conference Call and Webcast. At this time, all lines are in a listen-only mode. seekingalpha.com - 3 weeks ago
EastGroup Properties (EGP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates While the top- and bottom-line numbers for EastGroup Properties (EGP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 3 weeks ago
8. Profile Summary

EastGroup Properties, Inc. EGP

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COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 8.51 B
Dividend Yield 0.68%
Description 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.
Contact 400 West Parkway Place, Ridgeland, MS, 39157 https://www.eastgroup.net
IPO Date Oct. 21, 1983
Employees 95
Officers Mr. Brian Laird CPA Chief Information Officer & Vice President Ms. Staci H. Tyler CPA Senior Vice President, Chief Accounting Officer, Chief Administrative Officer & Secretary Mr. Michael P. Sacco Vice President of the Western Regional Office Ms. Ceejaye Peters Vice President & Corporate Counsel Shelby Trusty Vice President of Human Resources Mr. Marshall A. Loeb President, Chief Executive Officer & Director Mr. John F. Coleman Executive Vice President & Head of Eastern Regional Mr. R. Reid Dunbar Senior Vice President & Head of Texas Region Mr. Ryan M. Collins Senior Vice President & Head of Western Region Ms. Wendi Powers Investor Relations