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EastGroup Properties

NYSE:EGP
Snowflake Description

Established dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EGP
NYSE
$4B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

EastGroup Properties, Inc. 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 last earnings update was 7 days ago. More info.


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EGP Share Price and Events
7 Day Returns
0.5%
NYSE:EGP
0.1%
US REITs
0.5%
US Market
1 Year Returns
32.3%
NYSE:EGP
12.8%
US REITs
2%
US Market
EGP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EastGroup Properties (EGP) 0.5% 13.2% 8.7% 32.3% 104.5% 72.2%
US REITs 0.1% 7.3% 4.2% 12.8% 20.5% 26.4%
US Market 0.5% 6.3% 1.9% 2% 45.1% 40.5%
1 Year Return vs Industry and Market
  • EGP outperformed the REITs industry which returned 12.8% over the past year.
  • EGP outperformed the Market in United States of America which returned 2% over the past year.
Price Volatility
EGP
Industry
5yr Volatility vs Market

EGP Value

 Is EastGroup Properties undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of EastGroup Properties to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for EastGroup Properties.

NYSE:EGP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:EGP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.551 (1 + (1- 21%) (28.59%))
0.675
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 7.27%)
8.55%

Discounted Cash Flow Calculation for NYSE:EGP using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for EastGroup Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

EastGroup Properties is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:EGP DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Adjusted Funds From Operations (AFFO) (USD, Millions) 131.25 141.25 136.40 146.00 162.70
Source Analyst x7 Analyst x5 Analyst x1 Analyst x1 Analyst x1
Present Value
Discounted (@ 8.55%)
120.91 119.89 106.65 105.17 107.97
Present value of next 5 years cash flows $560.60
NYSE:EGP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $162.70 × (1 + 2.73%) ÷ (8.55% – 2.73%)
$2,873.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $2,873.83 ÷ (1 + 8.55%)5
$1,907.18
NYSE:EGP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $560.60 + $1,907.18
$2,467.78
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,467.78 / 36.36
$67.87
NYSE:EGP Discount to Share Price
Calculation Result
Value per share (USD) From above. $67.87
Current discount Discount to share price of $106.38
= -1 x ($106.38 - $67.87) / $67.87
-56.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of EastGroup Properties is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for EastGroup Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EastGroup Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:EGP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.50
NYSE:EGP Share Price ** NYSE (2019-02-13) in USD $106.38
United States of America REITs Industry PE Ratio Median Figure of 154 Publicly-Listed REITs Companies 31.96x
United States of America Market PE Ratio Median Figure of 3,046 Publicly-Listed Companies 16.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of EastGroup Properties.

NYSE:EGP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:EGP Share Price ÷ EPS (both in USD)

= 106.38 ÷ 2.50

42.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EastGroup Properties is overvalued based on earnings compared to the US REITs industry average.
  • EastGroup Properties is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does EastGroup Properties's expected growth come at a high price?
Raw Data
NYSE:EGP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 42.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
1%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 0.86x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

NYSE:EGP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 42.6x ÷ 1%

42.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EastGroup Properties is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on EastGroup Properties's assets?
Raw Data
NYSE:EGP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $24.84
NYSE:EGP Share Price * NYSE (2019-02-13) in USD $106.38
United States of America REITs Industry PB Ratio Median Figure of 192 Publicly-Listed REITs Companies 1.74x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.81x
NYSE:EGP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:EGP Share Price ÷ Book Value per Share (both in USD)

= 106.38 ÷ 24.84

4.28x

* Primary Listing of EastGroup Properties.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EastGroup Properties is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess EastGroup Properties's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. EastGroup Properties has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EGP Future Performance

 How is EastGroup Properties expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EastGroup Properties expected to grow at an attractive rate?
  • EastGroup Properties's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • EastGroup Properties's earnings growth is positive but not above the United States of America market average.
  • EastGroup Properties's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:EGP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:EGP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 1%
NYSE:EGP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 6.2%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 0.8%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:EGP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:EGP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 416 95 1
2022-12-31 386 90 1
2021-12-31 358 85 1
2020-12-31 340 89 5
2019-12-31 321 82 5
NYSE:EGP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 299 165 89
2018-09-30 293 174 88
2018-06-30 286 162 80
2018-03-31 280 153 99
2017-12-31 274 155 83
2017-09-30 269 155 81
2017-06-30 264 142 80
2017-03-31 258 144 87
2016-12-31 253 139 96
2016-09-30 248 134 92
2016-06-30 243 135 89
2016-03-31 239 128 60

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • EastGroup Properties's earnings are expected to grow by 1% yearly, however this is not considered high growth (20% yearly).
  • EastGroup Properties's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:EGP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from EastGroup Properties Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:EGP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.47 2.47 2.47 1.00
2022-12-31 2.37 2.37 2.37 1.00
2021-12-31 2.28 2.28 2.28 1.00
2020-12-31 2.35 2.46 2.24 2.00
2019-12-31 2.20 2.21 2.18 3.00
NYSE:EGP Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.50
2018-09-30 2.50
2018-06-30 2.32
2018-03-31 2.89
2017-12-31 2.45
2017-09-30 2.40
2017-06-30 2.39
2017-03-31 2.64
2016-12-31 2.93
2016-09-30 2.83
2016-06-30 2.76
2016-03-31 1.86

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • EastGroup Properties is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess EastGroup Properties's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
EastGroup Properties has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EGP Past Performance

  How has EastGroup Properties performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare EastGroup Properties's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • EastGroup Properties's year on year earnings growth rate has been positive over the past 5 years.
  • EastGroup Properties's 1-year earnings growth is less than its 5-year average (6.4% vs 19.4%)
  • EastGroup Properties's earnings growth has not exceeded the US REITs industry average in the past year (6.4% vs 16.8%).
Earnings and Revenue History
EastGroup Properties's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from EastGroup Properties Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:EGP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 299.15 88.51 13.74
2018-09-30 292.62 87.54 13.65
2018-06-30 286.04 80.41 13.79
2018-03-31 280.20 99.08 12.96
2017-12-31 274.15 83.18 14.97
2017-09-30 269.15 80.82 14.16
2017-06-30 263.59 79.59 13.28
2017-03-31 257.61 86.62 13.40
2016-12-31 253.05 95.51 13.23
2016-09-30 247.72 91.72 14.23
2016-06-30 243.08 89.03 15.08
2016-03-31 239.01 59.65 15.87
2015-12-31 235.01 47.87 15.09
2015-09-30 231.23 49.15 14.48
2015-06-30 228.63 54.91 14.67
2015-03-31 224.61 49.50 13.82
2014-12-31 219.83 47.94 12.73
2014-09-30 216.29 43.84 12.77
2014-06-30 211.51 34.46 11.99
2014-03-31 206.78 32.95 11.81
2013-12-31 202.17 31.73 11.73
2013-09-30 195.02 30.87 11.11
2013-06-30 190.55 29.16 10.98
2013-03-31 187.65 27.53 10.74
2012-12-31 185.84 25.51 10.49
2012-09-30 182.28 23.79 10.67
2012-06-30 179.42 22.85 10.77
2012-03-31 176.28 22.43 10.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • EastGroup Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • EastGroup Properties used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • EastGroup Properties has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess EastGroup Properties's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
EastGroup Properties has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EGP Health

 How is EastGroup Properties's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up EastGroup Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EastGroup Properties's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • EastGroup Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of EastGroup Properties's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from EastGroup Properties Company Filings, last reported 1 month ago.

NYSE:EGP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 904.70 1,105.79 0.37
2018-09-30 869.93 1,098.06 10.95
2018-06-30 840.70 1,095.65 10.39
2018-03-31 774.68 1,113.15 8.99
2017-12-31 751.13 1,129.88 6.05
2017-09-30 726.17 1,081.12 4.19
2017-06-30 720.85 1,074.98 4.37
2017-03-31 674.98 1,110.12 5.29
2016-12-31 641.87 1,118.36 5.07
2016-09-30 605.03 1,029.14 0.03
2016-06-30 607.49 980.90 0.01
2016-03-31 556.28 1,048.83 0.28
2015-12-31 559.20 1,039.08 0.45
2015-09-30 561.87 985.89 0.34
2015-06-30 566.42 977.52 1.60
2015-03-31 564.81 965.13 0.27
2014-12-31 575.62 936.49 0.82
2014-09-30 562.45 922.63 1.68
2014-06-30 540.77 938.15 0.84
2014-03-31 528.82 899.69 3.37
2013-12-31 518.71 893.99 1.70
2013-09-30 503.68 898.61 1.48
2013-06-30 494.77 902.39 1.75
2013-03-31 497.44 823.66 0.02
2012-12-31 491.18 814.57 1.26
2012-09-30 457.86 791.12 1.03
2012-06-30 461.16 794.86 0.12
2012-03-31 414.52 841.31 0.21
  • EastGroup Properties's level of debt (122.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (172.3% vs 122.2% today).
  • Debt is not well covered by operating cash flow (14.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess EastGroup Properties's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. EastGroup Properties has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EGP Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.71%
Current annual income from EastGroup Properties dividends. Estimated to be 2.96% next year.
If you bought $2,000 of EastGroup Properties shares you are expected to receive $54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • EastGroup Properties's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • EastGroup Properties's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:EGP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 185 Stocks 4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:EGP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 3.55 2.00
2022-12-31 3.40 2.00
2021-12-31 3.26 2.00
2020-12-31 3.11 7.00
2019-12-31 2.97 7.00
NYSE:EGP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-12-07 2.880 2.952
2018-09-07 2.880 2.984
2018-05-24 2.560 2.681
2018-03-02 2.560 2.995
2017-12-01 2.560 3.000
2017-08-31 2.560 2.817
2017-05-11 2.480 2.958
2017-03-03 2.480 3.296
2016-12-02 2.480 3.404
2016-09-01 2.480 3.584
2016-05-26 2.400 3.421
2016-03-03 2.400 4.001
2015-12-04 2.400 4.461
2015-09-03 2.400 4.312
2015-05-28 2.280 3.984
2015-03-06 2.280 3.873
2014-12-05 2.280 3.561
2014-09-04 2.280 3.530
2014-05-29 2.160 3.371
2014-03-07 2.160 3.440
2013-12-06 2.160 3.652
2013-08-29 2.160 3.570
2013-05-29 2.120 3.613
2013-03-08 2.120 3.479
2013-01-23 2.120 3.731
2012-09-07 2.120 3.988
2012-05-30 2.080 3.992
2012-03-08 2.080 4.190
2011-12-02 2.080 4.537
2011-09-01 2.080 5.155
2011-05-25 2.080 4.961
2011-03-03 2.080 4.716
2010-12-03 2.080 4.882
2010-09-02 2.080 5.302
2010-05-26 2.080 5.762
2010-03-04 2.080 5.383
2009-12-03 2.080 5.550
2009-08-26 2.080 5.489
2009-05-27 2.080 6.016
2009-03-05 2.080 6.982
2009-02-17 2.080 8.222

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of EastGroup Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (60x coverage).
X
Income/ dividend checks
We assess EastGroup Properties's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can EastGroup Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EastGroup Properties has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EGP Management

 What is the CEO of EastGroup Properties's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Marshall Loeb
COMPENSATION $5,356,622
AGE 56
TENURE AS CEO 3.1 years
CEO Bio

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, 2015, respectively and served as its Chief Operating Officer since March 1, 2015 until January 1, 2016. Mr. Loeb served as the President of Glimcher Realty Trust since September 6, 2007 and its Chief Operating Officer since May 16, 2005. Mr. Loeb joined Glimcher Realty in May 2005. Mr. Loeb served as an Executive Vice President of Glimcher Realty Trust from May 16, 2005 to September 6, 2007. He served as an Executive Vice President at Parkway Properties Inc., from 2003 to May 2005 and also served as its Chief Financial Officer and Secretary from November 2000 to May 2005. He served as Senior Vice President of Parkway Properties Inc., since 2000. He served as Senior Vice President and Director for Western Region of EastGroup Properties Inc., from August 1991 to April 2000; Portfolio Manager with Investment Development Services since 2000. He has been Director of EastGroup Properties Inc. since January 1, 2016. He earned his Certified Public Accountant with Ernst and Young. He is a Member of ICSC and NAREIT. Mr. Loeb holds an MBA from the Harvard School of Business Administration. He holds a Bachelor of Science in accounting and Master of Tax Accounting degree from the University of Alabama.

CEO Compensation
  • Marshall's compensation has increased by more than 20% in the past year.
  • Marshall's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the EastGroup Properties management team in years:

2.4
Average Tenure
52
Average Age
  • The tenure for the EastGroup Properties management team is about average.
Management Team

Marshall Loeb

TITLE
President
COMPENSATION
$5M
AGE
56
TENURE
3.1 yrs

Brent Wood

TITLE
Executive VP
COMPENSATION
$2M
AGE
48
TENURE
1.5 yrs

Bruce Corkern

TITLE
Senior VP
COMPENSATION
$1M
AGE
56
TENURE
14.1 yrs

John Coleman

TITLE
Executive VP & Head of Eastern Regional
COMPENSATION
$2M
AGE
58
TENURE
18.1 yrs

R. Dunbar

TITLE
Senior Vice President of Texas Region
COMPENSATION
$969K
AGE
42
TENURE
1.8 yrs

Wendi Powers

TITLE
Investor Relations
TENURE
3.1 yrs

Shelby Trusty

TITLE
Director of Human Resources

Ryan Collins

TITLE
Senior VP & Head of Western Region
AGE
37
TENURE
1.8 yrs

Staci Tyler

TITLE
VP & Controller
TENURE
1.8 yrs

Brian Laird

TITLE
Vice President of Information Technology
Board of Directors Tenure

Average tenure and age of the EastGroup Properties board of directors in years:

8.4
Average Tenure
67.5
Average Age
  • The tenure for the EastGroup Properties board of directors is about average.
Board of Directors

David Hoster

TITLE
Chairman of the Board
COMPENSATION
$320K
AGE
72
TENURE
3.1 yrs

Marshall Loeb

TITLE
President
COMPENSATION
$5M
AGE
56
TENURE
3.2 yrs

Leland Speed

TITLE
Chairman Emeritus
COMPENSATION
$137K
AGE
85
TENURE
3.1 yrs

D. Aloian

TITLE
Director
COMPENSATION
$161K
AGE
63
TENURE
19.4 yrs

Hayden Eaves

TITLE
Director
COMPENSATION
$155K
AGE
72
TENURE
16.9 yrs

Beth McCormick

TITLE
Director
COMPENSATION
$156K
AGE
61
TENURE
13.7 yrs

H. Bolton

TITLE
Lead Independent Director
COMPENSATION
$151K
AGE
61
TENURE
3.1 yrs

H. Bailey

TITLE
Director
COMPENSATION
$141K
AGE
78
TENURE
39.1 yrs

Fred Gould

TITLE
Director
COMPENSATION
$133K
AGE
82
TENURE
21.1 yrs

Don Colleran

TITLE
Director
COMPENSATION
$95K
AGE
62
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • EastGroup Properties insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
29. Nov 18 Sell John Coleman Individual 28. Nov 18 28. Nov 18 -10,000 $99.57 $-995,675
29. Nov 18 Sell Brent Wood Individual 28. Nov 18 28. Nov 18 -6,000 $99.95 $-599,723
31. Oct 18 Sell H. Bailey Individual 31. Oct 18 31. Oct 18 -264 $97.01 $-25,612
17. Aug 18 Sell Brent Wood Individual 17. Aug 18 17. Aug 18 -4,700 $97.40 $-457,775
06. Aug 18 Sell John Coleman Individual 03. Aug 18 03. Aug 18 -5,000 $96.27 $-481,365
03. Jul 18 Sell H. Bailey Individual 03. Jul 18 03. Jul 18 -265 $96.44 $-25,557
01. Jun 18 Sell Hayden Eaves Individual 30. May 18 30. May 18 -500 $93.78 $-46,888
01. Jun 18 Sell David Hoster Individual 30. May 18 30. May 18 -1,032 $93.38 $-96,368
24. Apr 18 Sell John Coleman Individual 24. Apr 18 24. Apr 18 -6,000 $85.42 $-512,528
X
Management checks
We assess EastGroup Properties's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. EastGroup Properties has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EGP News

Simply Wall St News

How Should You Analyze REIT Stock EastGroup Properties, Inc. (NYSE:EGP)?

real estate investment trust (REIT) based in Ridgeland, United States. … They have to meet certain requirements in order to become a REIT, meaning they should be analyzed a different way. … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation.

Simply Wall St -

Does EastGroup Properties, Inc.'s (NYSE:EGP) CEO Pay Compare Well With Peers?

Marshall Loeb has been the CEO of EastGroup Properties, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Marshall Loeb's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is EastGroup Properties Inc's (NYSE:EGP) ROE Of 10% Impressive?

Our data shows EastGroup Properties has a return on equity of 10% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Will EastGroup Properties Inc's (NYSE:EGP) Earnings Grow In The Year Ahead?

After EastGroup Properties Inc's (NYSE:EGP) earnings announcement on 30 September 2018, … as a -4.5% fall in profits is expected in the upcoming year

Simply Wall St -

One Metric To Rule Them All: EastGroup Properties Inc (NYSE:EGP)

real estate investment trust (REIT) based in Ridgeland, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company. … They have to meet certain requirements in order to become a REIT, meaning they should be analyzed a different way.

Simply Wall St -

Are Insiders Bearish About EastGroup Properties Inc (NYSE:EGP)?

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. … some insider selling over the past three months, with insiders divesting from. … It is widely considered that insider selling stock in their own companies is potentially a bearish signal.

Simply Wall St -

Should You Buy EastGroup Properties Inc (NYSE:EGP) Now?

saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s take a look at EastGroup Properties’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

What Should You Know About EastGroup Properties Inc's (NYSE:EGP) Future?

After EastGroup Properties Inc's (NYSE:EGP) earnings announcement in March 2018, … with earnings expected to decline by -17.84% in the upcoming year … the past 5-year average growth rate of 24.78%.

Simply Wall St -

What You Must Know About EastGroup Properties Inc's (NYSE:EGP) ROE

and looking to gauge the potential return on investment in EastGroup Properties Inc (NYSE:EGP). … EastGroup Properties Inc (NYSE:EGP) outperformed the industrial reits industry on the basis of its ROE – producing a higher 12.83% relative to the peer average of 7.63% over the past 12 months. … If EGP borrows debt to invest in its business, its profits will be higher.

Simply Wall St -

EastGroup Properties Inc (NYSE:EGP): What You Have To Know Before Buying For The Upcoming Dividend

To qualify for the dividend check of $0.64 per share, investors must have owned the shares prior to 19 June 2018, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Below, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:

Simply Wall St -

EGP Company Info

Map
Description

EastGroup Properties, Inc. 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 50,000 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 41.7 million square feet.

Details
Name: EastGroup Properties, Inc.
EGP
Exchange: NYSE
Founded: 1969
$3,867,746,061
36,357,831
Website: http://www.eastgroup.net
Address: EastGroup Properties, Inc.
400 West Parkway Place,
Suite 100,
Ridgeland,
Mississippi, 39157,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE EGP Common Shares New York Stock Exchange US USD 06. Nov 1972
DB EGO Common Shares Deutsche Boerse AG DE EUR 06. Nov 1972
Number of employees
Current staff
Staff numbers
70
EastGroup Properties employees.
Industry
Industrial REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/13 23:39
End of day share price update: 2019/02/13 00:00
Last estimates confirmation: 2019/02/08
Last earnings filing: 2019/02/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.