Upcoming Dividend • Jun 24
Upcoming dividend of US$1.55 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 15 July 2026. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.1%). Announcement • Jun 13
EastGroup Properties, Inc. to Report Q2, 2026 Results on Jul 22, 2026 EastGroup Properties, Inc. announced that they will report Q2, 2026 results After-Market on Jul 22, 2026 Declared Dividend • May 25
First quarter dividend of US$1.55 announced Shareholders will receive a dividend of US$1.55. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 3.1%, which is lower than the industry average of 3.8%. Announcement • May 23
EastGroup Properties, Inc. announces Quarterly dividend, payable on July 15, 2026 EastGroup Properties, Inc. announced Quarterly dividend of USD 1.5500 per share payable on July 15, 2026, ex-date on June 30, 2026 and record date on June 30, 2026. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Director David Fields was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 13
EastGroup Properties, Inc., Annual General Meeting, May 21, 2026 EastGroup Properties, Inc., Annual General Meeting, May 21, 2026. Announcement • Mar 13
EastGroup Properties, Inc. to Report Q1, 2026 Results on Apr 23, 2026 EastGroup Properties, Inc. announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Mar 07
EastGroup Properties, Inc. Announces Quarterly Cash Dividend, Payable on April 15, 2026 EastGroup Properties, Inc. announced that its Board of Directors declared a quarterly cash dividend of $1.55 per share payable on April 15, 2026, to shareholders of record of Common Stock on March 31, 2026. Announcement • Feb 05
EastGroup Properties, Inc. Provides Earnings Guidance for the First Quarter of 2026 and Full Year 2026 EastGroup Properties, Inc. provided earnings guidance for the first quarter of 2026 and full year 2026. For the quarter, the company expects Net income attributable to common stockholders in the range of $62,946,000 to $67,214,000 and Net income attributable to common stockholders per share (diluted) in the range of $1.18 to $1.26.
For the year, the company expects Net income attributable to common stockholders in the range of $263,432,000 to $274,110,000 and Net income attributable to common stockholders per share (diluted) in the range of $4.93 to $5.13. Announcement • Jan 09
EastGroup Properties, Inc. to Report Q4, 2025 Results on Feb 04, 2026 EastGroup Properties, Inc. announced that they will report Q4, 2025 results After-Market on Feb 04, 2026 Announcement • Dec 13
EastGroup Properties, Inc. Declares Quarterly Cash Dividend, Payable on January 15, 2026 EastGroup Properties, Inc. announced that its Board of Directors declared a quarterly cash dividend of $1.55 per share payable on January 15, 2026, to shareholders of record of Common Stock on December 31, 2025. Announcement • Dec 06
EastGroup Properties, Inc. has filed a Follow-on Equity Offering in the amount of $1 billion. EastGroup Properties, Inc. has filed a Follow-on Equity Offering in the amount of $1 billion.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Announcement • Sep 25
EastGroup Properties, Inc. to Report Q3, 2025 Results on Oct 23, 2025 EastGroup Properties, Inc. announced that they will report Q3, 2025 results After-Market on Oct 23, 2025 Announcement • Aug 23
EastGroup Properties, Inc. Approves Increase in its Quarterly Dividend, Payable on October 15, 2025 EastGroup Properties, Inc. announced on August 22, 2025 that its Board of Directors approved a 10.7% increase in its quarterly dividend, raising it to $1.55 per share from $1.40 per share. The dividend is payable on October 15, 2025, to shareholders of record of Common Stock on September 30, 2025. This dividend is the 183 consecutive quarterly cash distribution to EastGroup's shareholders and represents an annualized dividend rate of $6.20 per share. Announcement • Jul 24
Eastgroup Properties, Inc. Provides Earnings Guidance for the Third Quarter and for the Full Year 2025 EastGroup Properties, Inc. provided earnings guidance for the third quarter and for the full year 2025. For the second quarter, the company expects net income attributable to common stockholders to be $62,857,000 to $67,115,000. Diluted net income per share attributable to common stockholders to be $1.18 to $1.26.
For the full year, the company expects net income attributable to common stockholders to be $251,206,000 to $258,598,000. Diluted net income per share attributable to common stockholders to be $4.76 to $4.90. Announcement • Jul 03
EastGroup Properties, Inc. to Report Q2, 2025 Results on Jul 23, 2025 EastGroup Properties, Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025 Announcement • May 23
EastGroup Properties, Inc. Announces Quarterly Cash Dividend, Payable on July 15, 2025 EastGroup Properties, Inc. announced that its Board of Directors declared a quarterly cash dividend of $1.40 per share payable on July 15, 2025, to shareholders of record of Common Stock on June 30, 2025. This dividend is the 182 consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.60 per share. EastGroup has increased or maintained its dividend for 32 consecutive years. The Company has increased it 29 years over that period, including increases in each of the last 13 years. Announcement • Apr 25
Eastgroup Properties, Inc. Provides Earnings Guidance for the Second Quarter and for the Full Year 2025 EastGroup Properties, Inc. provided earnings guidance for the second quarter and for the full year 2025. For the second quarter, the company expects net income attributable to common stockholders to be $57,803,000 to $62,003,000. Diluted net income per share to be $1.10 to $1.18.
For the full year, the company expects net income attributable to common stockholders to be $245,883,000 to $256,423,000. Diluted net income per share to be $4.67 to $4.87. Announcement • Apr 14
EastGroup Properties, Inc., Annual General Meeting, May 22, 2025 EastGroup Properties, Inc., Annual General Meeting, May 22, 2025. Announcement • Mar 26
EastGroup Properties, Inc. to Report Q1, 2025 Results on Apr 23, 2025 EastGroup Properties, Inc. announced that they will report Q1, 2025 results After-Market on Apr 23, 2025 Announcement • Mar 08
EastGroup Properties Announces Quarterly Cash Dividend, Payable on April 15, 2025 EastGroup Properties announced 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. Announcement • Feb 13
EastGroup Properties, Inc. has completed a Follow-on Equity Offering in the amount of $37.005 million. EastGroup Properties, Inc. has completed a Follow-on Equity Offering in the amount of $37.005 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 214,138
Price\Range: $172.809123 Announcement • Feb 07
EastGroup Properties, Inc. Provides Earnings Guidance for the First Quarter of 2025 and Full Year 2025 EastGroup Properties, Inc. provided earnings guidance for the first quarter of 2025 and full Year 2025. For the quarter, the company expects net income attributable to common stockholders of $55, 378,000 to 59,544,000.
For the year, the company estimate EPS for 2025 to be in the range of $4.71 to $4.91 and FFO per share attributable to common stockholders for 2025 to be in the range of $8.80 to $9.00. Announcement • Jan 08
EastGroup Properties, Inc. to Report Q4, 2024 Results on Feb 06, 2025 EastGroup Properties, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2025 Announcement • Dec 31
EastGroup Properties, Inc. (NYSE:EGP) acquired DFW Global Logistics Centre 5-8 for $76 million. EastGroup Properties, Inc. (NYSE:EGP) acquired DFW Global Logistics Centre 5-8 for $76 million in November, 2024.
EastGroup Properties, Inc. (NYSE:EGP) completed the acquisition of DFW Global Logistics Centre 5-8 in November, 2024. Announcement • Dec 03
Eastgroup Properties, Inc. Declares Quarterly Dividend, Payable on January 15, 2025 EastGroup Properties announced that its Board of Directors declared a quarterly cash dividend of $1.40 per share payable on January 15, 2025, to shareholders of record of Common Stock on December 31, 2024. This dividend is the 180 consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.60 per share. EastGroup has increased or maintained its dividend for 32 consecutive years. The Company has increased it 29 years over that period, including increases in each of the last 13 years. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$1.12 (vs US$1.07 in 3Q 2023) Third quarter 2024 results: EPS: US$1.12 (up from US$1.07 in 3Q 2023). Revenue: US$162.9m (up 11% from 3Q 2023). Net income: US$55.2m (up 13% from 3Q 2023). Profit margin: 34% (in line with 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Announcement • Oct 02
EastGroup Properties, Inc. to Report Q3, 2024 Results on Oct 23, 2024 EastGroup Properties, Inc. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024 Upcoming Dividend • Sep 23
Upcoming dividend of US$1.40 per share Eligible shareholders must have bought the stock before 30 September 2024. Payment date: 15 October 2024. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.0%). Declared Dividend • Sep 01
Second quarter dividend of US$1.40 announced Shareholders will receive a dividend of US$1.40. Ex-date: 30th September 2024 Payment date: 15th October 2024 Dividend yield will be 2.9%, which is lower than the industry average of 3.8%. Announcement • Aug 24
EastGroup Properties Announces Quarterly Dividend, Payable on October 15, 2024 EastGroup Properties announced that its Board of Directors approved a 10.2% increase in its quarterly dividend, raising it to $1.40 per share from $1.27 per share. The dividend is payable on October 15, 2024, to shareholders of record of Common Stock on September 30, 2024. Reported Earnings • Jul 24
Second quarter 2024 earnings released: EPS: US$1.15 (vs US$0.97 in 2Q 2023) Second quarter 2024 results: EPS: US$1.15 (up from US$0.97 in 2Q 2023). Revenue: US$159.1m (up 14% from 2Q 2023). Net income: US$55.3m (up 27% from 2Q 2023). Profit margin: 35% (up from 31% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year. Announcement • Jul 24
EastGroup Properties, Inc. Provides Earnings Guidance for the Third Quarter and for the Full Year 2024 EastGroup Properties, Inc. provided earnings guidance for the third quarter and for the full year 2024. For the third quarter, the company expects net income attributable to common stockholders to be $53,224,000 to $56,156,0000. Diluted net income per share to be $1.09 to $1.15.
For the full year, the company expected net income attributable to common stockholders to be $226,303,000 to $231,191,0000. Diluted net income per share to be $4.63 to $4.73. Announcement • Jul 02
EastGroup Properties, Inc. to Report Q2, 2024 Results on Jul 23, 2024 EastGroup Properties, Inc. announced that they will report Q2, 2024 results After-Market on Jul 23, 2024 Declared Dividend • May 27
First quarter dividend of US$1.27 announced Shareholders will receive a dividend of US$1.27. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 3.2%, which is lower than the industry average of 3.8%. Announcement • May 24
EastGroup Properties, Inc. Declares Quarterly Cash Dividend, Payable on July 15, 2024 EastGroup Properties, Inc. announced 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. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$1.22 (vs US$1.02 in 1Q 2023) First quarter 2024 results: EPS: US$1.22 (up from US$1.02 in 1Q 2023). Revenue: US$154.2m (up 14% from 1Q 2023). Net income: US$58.6m (up 31% from 1Q 2023). Profit margin: 38% (up from 33% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Announcement • Apr 24
EastGroup Properties, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2024 and for the Full Year 2024 EastGroup Properties, Inc. provided earnings guidance for the second quarter of fiscal 2024 and for the full year 2024. For the second quarter, the company expected net income attributable to common stockholders to be $49,773,000 to $53,641,0000. Diluted net income per share to be $1.03 to $1.11.For the full year, the company expected net income attributable to common stockholders to be $216,899,000 to $226,638,0000. Diluted net income per share to be $4.45 to $4.65. New Risk • Apr 18
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €426k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (62% net debt to equity). Shareholders have been diluted in the past year (8.6% increase in shares outstanding). Significant insider selling over the past 3 months (€426k sold). Announcement • Apr 13
EastGroup Properties, Inc., Annual General Meeting, May 23, 2024 EastGroup Properties, Inc., Annual General Meeting, May 23, 2024, at 09:00 Central Standard Time. Announcement • Apr 05
EastGroup Properties, Inc. to Report Q1, 2024 Results on Apr 23, 2024 EastGroup Properties, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on Apr 23, 2024 Upcoming Dividend • Mar 20
Upcoming dividend of US$1.27 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.1%). Declared Dividend • Mar 17
Fourth quarter dividend of US$1.27 announced Shareholders will receive a dividend of US$1.27. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 3.0%, which is lower than the industry average of 3.8%. Announcement • Mar 09
EastGroup Properties, Inc. Declares Quarterly Cash Dividend, Payable on April 15, 2024 EastGroup Properties, Inc. announced that its Board of Directors declared a quarterly cash dividend of $1.27 per share payable on April 15, 2024, to shareholders of record of Common Stock on March 28, 2024. New Risk • Feb 16
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €587k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (62% net debt to equity). Shareholders have been diluted in the past year (10% increase in shares outstanding). Significant insider selling over the past 3 months (€587k sold). Reported Earnings • Feb 09
Full year 2023 earnings released: EPS: US$4.43 (vs US$4.37 in FY 2022) Full year 2023 results: EPS: US$4.43 (up from US$4.37 in FY 2022). Revenue: US$570.6m (up 17% from FY 2022). Net income: US$200.5m (up 7.7% from FY 2022). Profit margin: 35% (down from 38% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Announcement • Feb 08
EastGroup Properties, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024 EastGroup Properties, Inc. provided earnings guidance for the first quarter and full year 2024. For the quarter, the company expects net income attributable to common stockholders to be in the range of $45,596,000 to $49,436,000 and diluted net income attributable to common stockholders to be in the range of $0.95 to $1.03. For the year, the company expects net income attributable to common stockholders to be in the range of $198,871,000 to $208,589,000 and diluted net income attributable to common stockholders to be in the range of $4.09 to $4.29. Announcement • Jan 12
EastGroup Properties, Inc. to Report Q4, 2023 Results on Feb 07, 2024 EastGroup Properties, Inc. announced that they will report Q4, 2023 results After-Market on Feb 07, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of US$1.27 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 12 January 2024. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.8%). Announcement • Dec 09
EastGroup Properties, Inc. Announces Quarterly Cash Dividend, Payable on January 12, 2024 EastGroup Properties, Inc. announced that its Board of Directors declared a quarterly cash dividend of $1.27 per share payable on January 12, 2024, to shareholders of record of Common Stock on December 29, 2023. Announcement • Oct 25
EastGroup Properties, Inc. Provides Earnings Guidance for the Fourth Quarter 2023 and Year End 2023 EastGroup Properties, Inc. provided earnings guidance for the fourth quarter 2023 and year end 2023. For the fourth quarter the company expects net income attributable to common stockholders to be in the range of $48,859,000 to $50,727,000.For the year end 2023, the company expects net income attributable to common stockholders to be in the range of $185,895,000 to $187,763,000 and EPS to be in the range of $4.11 to $4.15. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: US$1.07 (vs US$0.87 in 3Q 2022) Third quarter 2023 results: EPS: US$1.07 (up from US$0.87 in 3Q 2022). Revenue: US$146.5m (up 17% from 3Q 2022). Net income: US$48.9m (up 29% from 3Q 2022). Profit margin: 33% (up from 30% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Oct 05
EastGroup Properties, Inc. to Report Q3, 2023 Results on Oct 24, 2023 EastGroup Properties, Inc. announced that they will report Q3, 2023 results After-Market on Oct 24, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of US$1.27 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.4%). Announcement • Sep 08
EastGroup Properties, Inc. (NYSE:EGP) acquired 255,000 square feet Blue Diamond Business Park for $53 million. EastGroup Properties, Inc. (NYSE:EGP) acquired 255,000 square feet Blue Diamond Business Park for $53 million in September.
EastGroup Properties, Inc. (NYSE:EGP) completed the acquisition of 255,000 square feet Blue Diamond Business Park in September. Announcement • Aug 26
EastGroup Properties, Inc. Announces Quarterly Dividend, Payable on October 13, 2023 EastGroup Properties, Inc. announced that its Board of Directors approved an increase in its quarterly dividend, raising it to $1.27 per share from $1.25 per share. Projected total dividends per share for 2023 are expected to represent an increase of 7.2% over total dividends declared in 2022. The $1.27 per share dividend is payable on October 13, 2023, to shareholders of record of Common Stock on September 29, 2023. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director David Fields was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 31% Last year net profit margin: 48% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Profit margins are more than 30% lower than last year (31% net profit margin). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Announcement • Jul 26
EastGroup Properties, Inc. Provides Earning Guidance for 2023 EastGroup Properties, Inc. provided earning guidance for 2023. For the period, the company expects EPS to be in the range of $3.84 to $3.94. Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: US$0.97 (vs US$1.09 in 2Q 2022) Second quarter 2023 results: EPS: US$0.97 (down from US$1.09 in 2Q 2022). Revenue: US$139.9m (up 18% from 2Q 2022). Net income: US$43.5m (down 5.8% from 2Q 2022). Profit margin: 31% (down from 39% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. Buying Opportunity • Jul 19
Now 21% undervalued Over the last 90 days, the stock is up 6.0%. The fair value is estimated to be €203, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 8.9% per annum over the same time period. Announcement • Jul 01
EastGroup Properties, Inc. to Report Q2, 2023 Results on Jul 25, 2023 EastGroup Properties, Inc. announced that they will report Q2, 2023 results After-Market on Jul 25, 2023 Buying Opportunity • Jun 22
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be €196, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 8.9% per annum over the same time period. Announcement • May 26
EastGroup Properties, Inc. Declares Quarterly Cash Dividend, Payable on July 14, 2023 EastGroup Properties, Inc. announced that its Board of Directors declared a quarterly cash dividend of $1.25 per share payable on July 14, 2023, to shareholders of record of Common Stock on June 30, 2023. This dividend is the 174th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.00 per share. Recent Insider Transactions • Apr 30
Independent Director recently sold €95k worth of stock On the 27th of April, Hayden Eaves sold around 638 shares on-market at roughly €148 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €149k more than they bought in the last 12 months. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: US$1.02 (vs US$1.54 in 1Q 2022) First quarter 2023 results: EPS: US$1.02 (down from US$1.54 in 1Q 2022). Revenue: US$135.0m (up 20% from 1Q 2022). Net income: US$44.7m (down 30% from 1Q 2022). Profit margin: 33% (down from 56% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Industrial REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 08
Full year 2022 earnings released: EPS: US$4.37 (vs US$3.91 in FY 2021) Full year 2022 results: EPS: US$4.37 (up from US$3.91 in FY 2021). Revenue: US$487.0m (up 19% from FY 2021). Net income: US$186.2m (up 18% from FY 2021). Profit margin: 38% (in line with FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Feb 08
EastGroup Properties, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2023 EastGroup Properties, Inc. provided earnings guidance for the first quarter and full year 2023. For the quarter, the company expects net income attributable to common stockholders to be in the range of $33,789,000 to $37,279,000 and diluted net income attributable to common stockholders to be in the range of $0.77 to $0.85. For the year, the company expects net income attributable to common stockholders to be in the range of $141,496,000 to $150,276,000 and diluted net income attributable to common stockholders to be in the range of $3.22 to $3.42. Announcement • Jan 11
EastGroup Properties, Inc. to Report Q4, 2022 Results on Feb 07, 2023 EastGroup Properties, Inc. announced that they will report Q4, 2022 results After-Market on Feb 07, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of US$1.25 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 13 January 2023. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%). Recent Insider Transactions • Dec 10
Senior VP & Head of Texas Region recently sold €146k worth of stock On the 7th of December, R. Dunbar sold around 1k shares on-market at roughly €146 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €54k more than they bought in the last 12 months. Announcement • Dec 02
Eastgroup Properties Announces Quarterly Cash Dividend, Payable on January 13, 2023 EastGroup Properties announced that its Board of Directors declared a quarterly cash dividend of $1.25 per share payable on January 13, 2023 to shareholders of record of Common Stock on December 30, 2022. Reported Earnings • Oct 27
Third quarter 2022 earnings released: FFO per share: US$1.8 (vs US$1.58 in 3Q 2021) Third quarter 2022 results: FFO per share: US$1.8 (up from US$1.58 in 3Q 2021). Revenue: US$125.7m (up 20% from 3Q 2021). Funds from operations (FFO): US$77.1m (up 22% from 3Q 2021). FFO margin: 61% (up from 60% in 3Q 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Oct 26
EastGroup Properties, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022 EastGroup Properties, Inc. provided earnings guidance for the fourth quarter and full year of 2022. For the quarter, the company expects net income attributable to common stockholders of $34,039,000 to $35,747,000 and net income attributable to common stockholders of $0.78 per share to $0.82 per share.For the year, the company expects net income attributable to common stockholders of $181,550,000 to $183,258,000 and net income attributable to common stockholders of $4.25 per share to $4.29 per share. Announcement • Sep 29
EastGroup Properties, Inc. to Report Q3, 2022 Results on Oct 25, 2022 EastGroup Properties, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Oct 25, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of US$1.25 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 14 October 2022. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.4%). Announcement • Aug 27
EastGroup Properties Announces Dividend Increase, Payable on October 14, 2022 EastGroup Properties announced that its Board of Directors approved a 13.6% increase in its quarterly dividend, raising it to $1.25 per share from $1.10 per share. The dividend is payable on October 14, 2022 to shareholders of record of Common Stock on September 30, 2022. This dividend is the 171st consecutive quarterly cash distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.00 per share. EastGroup has increased or maintained its dividend for 30 consecutive years. The Company has increased it 27 years over that period, including increases in each of the last 11 years. Announcement • Jul 27
EastGroup Properties, Inc. Declares Cash Dividend for the Second Quarter of 2022, Payable on July 15, 2022 EastGroup Properties, Inc. declared a cash dividend of $1.10 per share in the second quarter of 2022. The second quarter dividend, which was paid on July 15, 2022, was the Company's 170th consecutive quarterly cash distribution to shareholders. The Company has increased or maintained its dividend for 29 consecutive years and has increased it 26 years over that period, including increases in each of the last 10 years. The annualized dividend rate of $4.40 per share yielded 2.7% on the closing stock price of $164.87 on July 25, 2022. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$1.11 (vs US$0.69 in 2Q 2021) Second quarter 2022 results: EPS: US$1.11 (up from US$0.69 in 2Q 2021). Revenue: US$118.6m (up 19% from 2Q 2021). Net income: US$46.1m (up 67% from 2Q 2021). Profit margin: 39% (up from 28% in 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 1.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year. Announcement • Jul 01
EastGroup Properties, Inc. to Report Q2, 2022 Results on Jul 26, 2022 EastGroup Properties, Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 26, 2022 Upcoming Dividend • Jun 22
Upcoming dividend of US$1.10 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (4.7%). Recent Insider Transactions • Jun 12
Independent Director recently bought €91k worth of stock On the 8th of June, Hayden Eaves bought around 600 shares on-market at roughly €152 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.0m more in shares than they bought in the last 12 months. Announcement • Jun 03
EastGroup Properties, Inc. (NYSE:EGP) completed the acquisition of Industrial Real Estate Portfolio of 14 properties in California from Brian Tulloch and others. EastGroup Properties, Inc. (NYSE:EGP) agreed to acquire Industrial Real Estate Portfolio of 14 properties in California from Brian Tulloch and others for approximately $350 million on May 20, 2022. As consideration, EastGroup Properties, Inc. assumed a loan with an outstanding principal balance of $60 million and issued 1,868,809 shares of EastGroup Properties, Inc. common stock at a negotiated price of $190 per share. The transaction is expected to close in the second quarter of 2022.
EastGroup Properties, Inc. (NYSE:EGP) completed the acquisition of Industrial Real Estate Portfolio of 14 properties in California from Brian Tulloch and others on June 1, 2022. Announcement • May 27
EastGroup Properties Declares Quarterly Cash Dividend, Payable on July 15, 2022 EastGroup Properties announced that its Board of Directors declared a quarterly cash dividend of $1.10 per share payable on July 15, 2022 to shareholders of record of Common Stock on June 30, 2022. This dividend represents an annualized dividend rate of $4.40 per share. Reported Earnings • Apr 28
First quarter 2022 earnings released: FFO: US$113.0m per share (vs US$1.47 in 1Q 2021) First quarter 2022 results: FFO: US$113.0m per share (up from US$1.47 in 1Q 2021). Revenue: US$113.0m (up 15% from 1Q 2021). Funds from operations (FFO): US$69.6m (up 21% from 1Q 2021). FFO margin: 62% (up from 59% in 1Q 2021). Over the next year, revenue is forecast to grow 12% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 28
EastGroup Properties, Inc. (NYSE:EGP) acquired Mesa Gateway Commerce Park in Phoenix, Arizona for $18.3 million. EastGroup Properties, Inc. (NYSE:EGP) acquired Mesa Gateway Commerce Park in Phoenix, Arizona for $18.3 million on April 2022.
EastGroup Properties, Inc. (NYSE:EGP) completed the acquisition of Mesa Gateway Commerce Park in Phoenix, Arizona on April 2022. Announcement • Apr 27
EastGroup Properties, Inc. Provides Earnings Guidance for Second Quarter and Full Year of 2022 EastGroup Properties, Inc. provided earnings guidance for second quarter and full Year of 2022. For the second quarter, the company expects Net income attributable to common stockholders in the range of $29,688,000 to $32,204,000. EPS will be in the range of $0.71 to $0.77.For the year, the company expects Net income attributable to common stockholders in the range of $156,433,000 to $161,475,000. EPS will be in the range of $3.72 to $3.84. Announcement • Apr 15
EastGroup Properties, Inc., Annual General Meeting, May 26, 2022 EastGroup Properties, Inc., Annual General Meeting, May 26, 2022, at 09:00 Central Daylight. Agenda: To elect the nine director nominees named in this proxy statement for a one-year term to serve until the next annual meeting of shareholders and until their successors are duly elected and qualified;to ratify the appointment of kpmg llp as the company’s independent registered public accounting firm for the fiscal year ending december 31, 2022;to approve, by a non-binding, advisory vote, the compensation of named executive officers as described in this proxy statement; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof. Announcement • Apr 01
EastGroup Properties, Inc. to Report Q1, 2022 Results on Apr 26, 2022 EastGroup Properties, Inc. announced that they will report Q1, 2022 results After-Market on Apr 26, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of US$1.10 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 April 2022. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.7%). Announcement • Mar 06
EastGroup Properties Declares Quarterly Cash Dividend, Payable on April 14, 2022 EastGroup Properties announced that its Board of Directors declared a quarterly cash dividend of $1.10 per share payable on April 14, 2022 to shareholders of record of Common Stock on March 31, 2022. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: FFO: US$409.5m per share (up from US$5.40 in FY 2020). Revenue: US$409.5m (up 13% from FY 2020). Funds from operations (FFO): US$245.9m (up 16% from FY 2020). FFO margin: 60% (up from 58% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 10%, compared to a 5.2% growth forecast for the reits industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 09
EastGroup Properties, Inc. (NYSE:EGP) acquired 760,000 Square Feet of Operating Properties in Charlotte, Dallas, San Antonio, and Phoenix for approximately $110 million. EastGroup Properties, Inc. (NYSE:EGP) acquired 760,000 Square Feet of Operating Properties in Charlotte, Dallas, San Antonio, and Phoenix for approximately $110 million during the fourth quarter ended 2021.
EastGroup Properties, Inc. (NYSE:EGP) completed the acquisition of 760,000 Square Feet of Operating Properties in Charlotte, Dallas, San Antonio, and Phoenix during the fourth quarter ended 2021. 
