EGP

EastGroup PropertiesNYSE:EGP Stock Report

Market Cap

US$6.9b

7D

-1.6%

1Y

29.3%

Updated

22 Sep, 2021

Data

Company Financials +
EGP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance2/6
Financial Health3/6
Dividends5/6

EGP Overview

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.

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 +/- 2% a week.

Volatility Over Time: EGP's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-1.6%

EGP

-1.0%

US REITs

-1.8%

US Market


1 Year Return

29.3%

EGP

34.6%

US REITs

31.5%

US Market

Return vs Industry: EGP underperformed the US REITs industry which returned 36.1% over the past year.

Return vs Market: EGP underperformed the US Market which returned 33% over the past year.


Shareholder returns

EGPIndustryMarket
7 Day-1.6%-1.0%-1.8%
30 Day-2.7%-1.1%-0.9%
90 Day2.6%2.4%0.8%
1 Year32.2%29.3%39.0%34.6%33.5%31.5%
3 Year94.7%80.5%46.3%30.1%57.5%47.8%
5 Year165.2%133.2%54.7%25.2%119.1%95.3%

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

EastGroup Properties Fundamentals Summary

How do EastGroup Properties's earnings and revenue compare to its market cap?
EGP fundamental statistics
Market CapUS$6.89b
Earnings (TTM)US$116.48m
Revenue (TTM)US$382.19m

59.2x

P/E Ratio

18.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EGP income statement (TTM)
RevenueUS$382.19m
Cost of RevenueUS$108.07m
Gross ProfitUS$274.12m
ExpensesUS$157.64m
EarningsUS$116.48m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.94
Gross Margin71.72%
Net Profit Margin30.48%
Debt/Equity Ratio96.1%

How did EGP perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

55%

Payout Ratio

Does EGP pay a reliable dividends?

See EGP dividend history and benchmarks
When do you need to buy EGP by to receive an upcoming dividend?
EastGroup Properties dividend dates
Ex Dividend DateSep 29 2021
Dividend Pay DateOct 15 2021
Days until Ex dividend6 days
Days until Dividend pay date22 days

Does EGP pay a reliable dividends?

See EGP dividend history and benchmarks

Valuation

Is EastGroup Properties undervalued compared to its fair value and its price relative to the market?

7.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EGP ($170.97) is trading below our estimate of fair value ($184.74)

Significantly Below Fair Value: EGP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: EGP is poor value based on its PE Ratio (59.2x) compared to the US REITs industry average (49.7x).

PE vs Market: EGP is poor value based on its PE Ratio (59.2x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: EGP is poor value based on its PEG Ratio (6.4x)


Price to Book Ratio

PB vs Industry: EGP is overvalued based on its PB Ratio (5x) compared to the US REITs industry average (2x).


Future Growth

How is EastGroup Properties forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

9.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EGP's forecast earnings growth (9.2% per year) is above the savings rate (2%).

Earnings vs Market: EGP's earnings (9.2% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: EGP's earnings are forecast to grow, but not significantly.

Revenue vs Market: EGP's revenue (8.8% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: EGP's revenue (8.8% 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 (8.2%).


Past Performance

How has EastGroup Properties performed over the past 5 years?

7.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EGP has high quality earnings.

Growing Profit Margin: EGP's current net profit margins (30.5%) are lower than last year (34.2%).


Past Earnings Growth Analysis

Earnings Trend: EGP's earnings have grown by 7.4% 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 (-2.1%) over the past year, making it difficult to compare to the REITs industry average (3.9%).


Return on Equity

High ROE: EGP's Return on Equity (8.5%) is considered low.


Financial Health

How is EastGroup Properties's financial position?


Financial Position Analysis

Short Term Liabilities: EGP's short term assets ($112.2M) exceed its short term liabilities ($105.9M).

Long Term Liabilities: EGP's short term assets ($112.2M) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: EGP's debt to equity ratio (96.1%) is considered high.

Reducing Debt: EGP's debt to equity ratio has reduced from 161.6% to 96.1% over the past 5 years.

Debt Coverage: EGP's debt is not well covered by operating cash flow (16.5%).

Interest Coverage: EGP's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


Dividend

What is EastGroup Properties's current dividend yield, its reliability and sustainability?

2.10%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 22 2021Ex Dividend DateSep 29 2021Dividend Pay DateOct 15 202116 days from Ex DividendBuy in the next 6 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: EGP's dividend (2.1%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: EGP's dividend (2.1%) is low compared to the top 25% of dividend payers in the US market (3.65%).


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 (55.1%), 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 (52.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Marshall Loeb (59 yo)

5.67yrs

Tenure

US$4,666,270

Compensation

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 ($USD4.67M) is about average for companies of similar size in the US market ($USD6.43M).

Compensation vs Earnings: Marshall's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: EGP's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: EGP's board of directors are considered experienced (5.7 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.


Top Shareholders

Company Information

EastGroup Properties, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: EastGroup Properties, Inc.
  • Ticker: EGP
  • Exchange: NYSE
  • Founded: 1969
  • Industry: Industrial REITs
  • Sector: Real Estate
  • Market Cap: US$6.892b
  • Shares outstanding: 40.31m
  • Website: https://www.eastgroup.net

Number of Employees


Location

  • EastGroup Properties, Inc.
  • 400 West Parkway Place
  • Suite 100
  • Ridgeland
  • Mississippi
  • 39157
  • United States

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 00:11
End of Day Share Price2021/09/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.