EGP Stock Overview
EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, 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
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
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EastGroup Properties, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$173.38 |
| 52 Week High | US$192.61 |
| 52 Week Low | US$155.10 |
| Beta | 1.02 |
| 1 Month Change | 8.93% |
| 3 Month Change | -1.49% |
| 1 Year Change | -6.26% |
| 3 Year Change | -11.38% |
| 5 Year Change | 22.42% |
| Change since IPO | 983.63% |
Recent News & Updates
Recent updates
EGP: Rising Dividends With Industrial Real Estate
Jan 12EastGroup Properties: Double-Digit Dividend Growth, Industrial Powerhouse You Should Consider
Nov 01EastGroup Properties Still Looks Buyable After Solid Q2 2024 Delivery
Aug 23EastGroup Properties Is Well-Positioned To Benefit From The Upcoming Market Shift
Jul 01EastGroup Properties: A Fully Valued Industrial Sunbelt Play
Apr 22EastGroup Properties: A Great Dividend Pick At A Great Premium
Jan 25EastGroup Properties: Guidance Raised Again In Q3, But Wait For Better Price
Nov 09EastGroup Properties: Wait For A Discount To Buy This Quality Industrial REIT
Sep 21Recession Worries? EastGroup Properties Could Be A Better Buy Than STAG Industrial
Aug 24EastGroup Properties: Solid Core Holding At Less Of A Bargain
Jul 17Eastgroup Properties GAAP EPS of $0.87 beats by $0.02, revenue of $125.66M beats by $1.73M
Oct 25Eastgroup Properties raises quarterly dividend by 13.6%
Aug 26Amazon Sneezed, EastGroup Properties Caught A Cold
Aug 18EastGroup Properties: Rocket On The Launching Pad
Jul 30EastGroup Properties: Still Quality, But Still Pricey Too
Apr 18Shareholder Returns
| EGP | US Industrial REITs | US Market | |
|---|---|---|---|
| 7D | 1.9% | 0.1% | 0.6% |
| 1Y | -6.3% | -8.1% | 22.4% |
Return vs Industry: EGP exceeded the US Industrial REITs industry which returned -8.1% over the past year.
Return vs Market: EGP underperformed the US Market which returned 22.4% over the past year.
Price Volatility
| EGP volatility | |
|---|---|
| EGP Average Weekly Movement | 3.3% |
| Industrial REITs Industry Average Movement | 3.7% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 18.8% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: EGP has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: EGP's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1969 | 96 | Marshall Loeb | www.eastgroup.net |
EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, 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 20,000 to 100,000 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 Properties, Inc. Fundamentals Summary
| EGP fundamental statistics | |
|---|---|
| Market cap | US$8.50b |
| Earnings (TTM) | US$232.57m |
| Revenue (TTM) | US$627.82m |
36.8x
P/E Ratio13.6x
P/S RatioIs EGP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EGP income statement (TTM) | |
|---|---|
| Revenue | US$627.82m |
| Cost of Revenue | US$170.39m |
| Gross Profit | US$457.43m |
| Other Expenses | US$224.87m |
| Earnings | US$232.57m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
Feb 07, 2025
| Earnings per share (EPS) | 4.71 |
| Gross Margin | 72.86% |
| Net Profit Margin | 37.04% |
| Debt/Equity Ratio | 57.4% |
How did EGP perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield61%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 00:42 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
EastGroup Properties, Inc. is covered by 47 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Rodgers | Baird |
| Nicholas Thillman | Baird |
| Brendan Lynch | Barclays |