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. More Details
Established dividend payer with imperfect balance sheet.
Share Price & News
How has EastGroup Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EGP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: EGP's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: EGP exceeded the US REITs industry which returned 30% over the past year.
Return vs Market: EGP underperformed the US Market which returned 44.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is EastGroup Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StDid You Participate In Any Of EastGroup Properties' (NYSE:EGP) Fantastic 186% Return ?
1 month ago | Simply Wall StHave Insiders Sold EastGroup Properties, Inc. (NYSE:EGP) Shares Recently?
1 month ago | Simply Wall StWhy EastGroup Properties, Inc. (NYSE:EGP) Looks Like A Quality Company
Is EastGroup Properties undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: EGP ($168.64) is trading above our estimate of fair value ($157.37)
Significantly Below Fair Value: EGP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EGP is poor value based on its PE Ratio (59.1x) compared to the US REITs industry average (48.5x).
PE vs Market: EGP is poor value based on its PE Ratio (59.1x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: EGP is poor value based on its PEG Ratio (7.8x)
Price to Book Ratio
PB vs Industry: EGP is overvalued based on its PB Ratio (5.1x) compared to the US REITs industry average (2x).
How is EastGroup Properties forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EGP's forecast earnings growth (7.5% per year) is above the savings rate (2%).
Earnings vs Market: EGP's earnings (7.5% per year) are forecast to grow slower than the US market (15.5% per year).
High Growth Earnings: EGP's earnings are forecast to grow, but not significantly.
Revenue vs Market: EGP's revenue (7.8% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: EGP's revenue (7.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EGP's Return on Equity is forecast to be low in 3 years time (8.4%).
How has EastGroup Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EGP has high quality earnings.
Growing Profit Margin: EGP's current net profit margins (30.2%) are lower than last year (35.9%).
Past Earnings Growth Analysis
Earnings Trend: EGP's earnings have grown by 8.6% per year over the past 5 years.
Accelerating Growth: EGP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EGP had negative earnings growth (-8.2%) over the past year, making it difficult to compare to the REITs industry average (-10.7%).
Return on Equity
High ROE: EGP's Return on Equity (8.5%) is considered low.
How is EastGroup Properties's financial position?
Financial Position Analysis
Short Term Liabilities: EGP's short term assets ($72.1M) do not cover its short term liabilities ($92.7M).
Long Term Liabilities: EGP's short term assets ($72.1M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: EGP's debt to equity ratio (98.8%) is considered high.
Reducing Debt: EGP's debt to equity ratio has reduced from 188.2% to 98.8% over the past 5 years.
Debt Coverage: EGP's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: EGP's interest payments on its debt are well covered by EBIT (3.9x coverage).
What is EastGroup Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: EGP's dividend (1.87%) is higher than the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: EGP's dividend (1.87%) is low compared to the top 25% of dividend payers in the US market (3.35%).
Stability and Growth of Payments
Stable Dividend: EGP's dividends per share have been stable in the past 10 years.
Growing Dividend: EGP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.8%), EGP's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EGP's dividends in 3 years are forecast to be covered by earnings (51.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Marshall Loeb (58 yo)
Mr. Marshall A. Loeb has been Director at Lamar Advertising Company since May 17, 2018. He has been the Chief Executive Officer and President of EastGroup Properties Inc. since January 1, 2016 and March 1,...
CEO Compensation Analysis
Compensation vs Market: Marshall's total compensation ($USD4.67M) is about average for companies of similar size in the US market ($USD6.52M).
Compensation vs Earnings: Marshall's compensation has been consistent with company performance over the past year.
Experienced Management: EGP's management team is considered experienced (4.1 years average tenure).
Experienced Board: EGP's board of directors are considered experienced (5.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EGP insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.
EastGroup Properties, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: EastGroup Properties, Inc.
- Ticker: EGP
- Exchange: NYSE
- Founded: 1969
- Industry: Industrial REITs
- Sector: Real Estate
- Market Cap: US$6.733b
- Shares outstanding: 39.92m
- Website: https://www.eastgroup.net
Number of Employees
- EastGroup Properties, Inc.
- 400 West Parkway Place
- Suite 100
- United States
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/15 02:27|
|End of Day Share Price||2021/06/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.