EastGroup Properties Management

Management criteria checks 2/4

EastGroup Properties' CEO is Marshall Loeb, appointed in Mar 2015, has a tenure of 9.08 years. total yearly compensation is $6.89M, comprised of 11.2% salary and 88.8% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth €19.80M. The average tenure of the management team and the board of directors is 6.8 years and 8.3 years respectively.

Key information

Marshall Loeb

Chief executive officer

US$6.9m

Total compensation

CEO salary percentage	11.2%
CEO tenure	9.1yrs
CEO ownership	0.3%
Management average tenure	6.8yrs
Board average tenure	8.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Marshall Loeb's remuneration changed compared to EastGroup Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$214m
Dec 31 2023	US$7m	US$775k	US$200m
Sep 30 2023	n/a	n/a	US$176m
Jun 30 2023	n/a	n/a	US$165m
Mar 31 2023	n/a	n/a	US$167m
Dec 31 2022	US$5m	US$745k	US$186m
Sep 30 2022	n/a	n/a	US$219m
Jun 30 2022	n/a	n/a	US$212m
Mar 31 2022	n/a	n/a	US$194m
Dec 31 2021	US$5m	US$720k	US$158m
Sep 30 2021	n/a	n/a	US$123m
Jun 30 2021	n/a	n/a	US$116m
Mar 31 2021	n/a	n/a	US$112m
Dec 31 2020	US$5m	US$695k	US$108m
Sep 30 2020	n/a	n/a	US$121m
Jun 30 2020	n/a	n/a	US$119m
Mar 31 2020	n/a	n/a	US$122m
Dec 31 2019	US$5m	US$675k	US$122m
Sep 30 2019	n/a	n/a	US$91m
Jun 30 2019	n/a	n/a	US$91m
Mar 31 2019	n/a	n/a	US$82m
Dec 31 2018	US$4m	US$650k	US$89m
Sep 30 2018	n/a	n/a	US$88m
Jun 30 2018	n/a	n/a	US$80m
Mar 31 2018	n/a	n/a	US$99m
Dec 31 2017	US$5m	US$625k	US$83m

Compensation vs Market: Marshall's total compensation ($USD6.89M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Marshall's compensation has increased by more than 20% in the past year.

CEO

Marshall Loeb (61 yo)

9.1yrs

Tenure

US$6,894,670

Compensation

Mr. Marshall A. Loeb has been Independent Director at Lamar Advertising Company since May 17, 2018. He has been the Chief Executive Officer and President of EastGroup Properties Inc. since January 1, 2016...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Marshall Loeb	President	9.1yrs	US$6.89m	0.28% $ 19.8m
Brent Wood	Executive VP	6.7yrs	US$3.09m	0.23% $ 16.5m
John Coleman	Executive VP & Head of Eastern Regional	23.3yrs	US$2.23m	0.20% $ 13.9m
R. Dunbar	Senior VP & Head of Texas Region	6.9yrs	US$2.05m	0.045% $ 3.2m
Ryan Collins	Senior VP & Head of Western Region	6.9yrs	US$1.73m	0.036% $ 2.5m
Staci Tyler	Senior VP	3.9yrs	no data	0.024% $ 1.7m
Brian Laird	Chief Information Officer & VP	3.3yrs	no data	no data
Wendi Powers	Investor Relations	8.3yrs	no data	no data
Ceejaye Peters	VP & Corporate Counsel	1.3yrs	no data	no data
Shelby Trusty	Director of Human Resources	no data	no data	no data
Michael Sacco	Vice President of the Western Regional Office	no data	no data	no data
Michelle Rayner	Vice President of Financial Reporting	6.3yrs	no data	no data

6.8yrs

Average Tenure

50yo

Average Age

Experienced Management: EGO's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Marshall Loeb	President	8.3yrs	US$6.89m	0.28% $ 19.8m
H. Bolton	Independent Director	10.3yrs	US$199.01k	0.029% $ 2.0m
D. Aloian	Independent Director	24.6yrs	US$186.10k	0.071% $ 4.9m
Donald Colleran	Independent Chairman of the Board	6.7yrs	US$173.52k	0.012% $ 818.9k
Mary Elizabeth McCormick	Independent Director	18.8yrs	US$196.10k	0.047% $ 3.3m
David Fields	Independent Director	2.2yrs	US$224.79k	0.0035% $ 244.5k
Katherine Sandstrom	Independent Director	3.8yrs	US$178.39k	0.0062% $ 432.2k

8.3yrs

Average Tenure

66yo

Average Age

Experienced Board: EGO's board of directors are considered experienced (8.3 years average tenure).

EastGroup Properties Management

Management criteria checks 2/4

Key information

Recent management updates

EastGroup Properties, Inc., Annual General Meeting, May 23, 2024

Insufficient new directors

Independent Director recently sold €95k worth of stock

Senior VP & Head of Texas Region recently sold €146k worth of stock

Independent Director recently bought €91k worth of stock

EastGroup Properties, Inc., Annual General Meeting, May 26, 2022

Recent updates

First quarter 2024 earnings released: EPS: US$1.22 (vs US$1.02 in 1Q 2023)

EastGroup Properties, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2024 and for the Full Year 2024

New minor risk - Insider selling

EastGroup Properties, Inc., Annual General Meeting, May 23, 2024

EastGroup Properties, Inc. to Report Q1, 2024 Results on Apr 23, 2024

Upcoming dividend of US$1.27 per share

Fourth quarter dividend of US$1.27 announced

EastGroup Properties, Inc. Declares Quarterly Cash Dividend, Payable on April 15, 2024

New minor risk - Insider selling

Full year 2023 earnings released: EPS: US$4.43 (vs US$4.37 in FY 2022)

EastGroup Properties, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024

EastGroup Properties, Inc. to Report Q4, 2023 Results on Feb 07, 2024

Upcoming dividend of US$1.27 per share at 2.8% yield

EastGroup Properties, Inc. Announces Quarterly Cash Dividend, Payable on January 12, 2024

EastGroup Properties, Inc. Provides Earnings Guidance for the Fourth Quarter 2023 and Year End 2023

Third quarter 2023 earnings released: EPS: US$1.07 (vs US$0.87 in 3Q 2022)

EastGroup Properties, Inc. to Report Q3, 2023 Results on Oct 24, 2023

Upcoming dividend of US$1.27 per share at 2.9% yield

EastGroup Properties, Inc. (NYSE:EGP) acquired 255,000 square feet Blue Diamond Business Park for $53 million.

EastGroup Properties, Inc. Announces Quarterly Dividend, Payable on October 13, 2023

Insufficient new directors

New minor risk - Profit margin trend

EastGroup Properties, Inc. Provides Earning Guidance for 2023

Second quarter 2023 earnings released: EPS: US$0.97 (vs US$1.09 in 2Q 2022)

Now 21% undervalued

EastGroup Properties, Inc. to Report Q2, 2023 Results on Jul 25, 2023

Now 20% undervalued

EastGroup Properties, Inc. Declares Quarterly Cash Dividend, Payable on July 14, 2023

Independent Director recently sold €95k worth of stock

First quarter 2023 earnings released: EPS: US$1.02 (vs US$1.54 in 1Q 2022)

Full year 2022 earnings released: EPS: US$4.37 (vs US$3.91 in FY 2021)

EastGroup Properties, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2023

EastGroup Properties, Inc. to Report Q4, 2022 Results on Feb 07, 2023

Upcoming dividend of US$1.25 per share

Senior VP & Head of Texas Region recently sold €146k worth of stock

Eastgroup Properties Announces Quarterly Cash Dividend, Payable on January 13, 2023

Third quarter 2022 earnings released: FFO per share: US$1.8 (vs US$1.58 in 3Q 2021)

EastGroup Properties, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022

EastGroup Properties, Inc. to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$1.25 per share

EastGroup Properties Announces Dividend Increase, Payable on October 14, 2022

EastGroup Properties, Inc. Declares Cash Dividend for the Second Quarter of 2022, Payable on July 15, 2022

Second quarter 2022 earnings released: EPS: US$1.11 (vs US$0.69 in 2Q 2021)

EastGroup Properties, Inc. to Report Q2, 2022 Results on Jul 26, 2022

Upcoming dividend of US$1.10 per share

Independent Director recently bought €91k worth of stock

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 Declares Quarterly Cash Dividend, Payable on July 15, 2022

First quarter 2022 earnings released: FFO: US$113.0m per share (vs US$1.47 in 1Q 2021)

EastGroup Properties, Inc. (NYSE:EGP) acquired Mesa Gateway Commerce Park in Phoenix, Arizona for $18.3 million.

EastGroup Properties, Inc. Provides Earnings Guidance for Second Quarter and Full Year of 2022

EastGroup Properties, Inc., Annual General Meeting, May 26, 2022

EastGroup Properties, Inc. to Report Q1, 2022 Results on Apr 26, 2022

Upcoming dividend of US$1.10 per share

EastGroup Properties Declares Quarterly Cash Dividend, Payable on April 14, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

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. Appoints David M. Fields as Director

Upcoming dividend of US$1.10 per share

EastGroup Properties, Inc. (NYSE:EGP) acquired Viva Logistics Center II from IDS Real Estate Group for approximately $140 million.

Executive VP & Head of Eastern Regional recently sold €583k worth of stock

Third quarter 2021 earnings released: EPS US$0.76 (vs US$0.62 in 3Q 2020)

Upcoming dividend of US$0.90 per share

Senior VP recently sold €147k worth of stock

Second quarter 2021 earnings released: EPS US$0.69 (vs US$0.60 in 2Q 2020)

EastGroup Properties, Inc.(NYSE:EGP) dropped from Russell 3000E Value Index

Upcoming dividend of US$0.79 per share

EastGroup Properties, Inc. (NYSE:EGP) acquired Access Point 2 a 159,000 square foot building at I-385 submarket in Greenville, South Carolina for $10.7 million.

EastGroup Properties Declares Quarterly Cash Dividend, Payable on July 15, 2021