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EastGroup Properties NYSE:EGP Stock Report

Last Price

US$179.99

Market Cap

US$8.8b

7D

-4.1%

1Y

7.8%

Updated

06 Oct, 2024

Data

Company Financials +

EastGroup Properties, Inc.

NYSE:EGP Stock Report

Market Cap: US$8.8b

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.

EGP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance5/6
Financial Health3/6
Dividends5/6

Community Narratives

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US$199.74
FV
9.9% undervalued intrinsic discount
11.73%
Revenue growth p.a.
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3 days ago author updated this narrative

EastGroup Properties, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for EastGroup Properties
Historical stock prices
Current Share PriceUS$179.99
52 Week HighUS$192.61
52 Week LowUS$154.75
Beta1.01
11 Month Change-2.68%
3 Month Change3.18%
1 Year Change7.82%
33 Year Change4.31%
5 Year Change42.61%
Change since IPO1,024.94%

Recent News & Updates

EastGroup Properties Still Looks Buyable After Solid Q2 2024 Delivery

Aug 23

Recent updates

EastGroup Properties Still Looks Buyable After Solid Q2 2024 Delivery

Aug 23

EastGroup Properties Is Well-Positioned To Benefit From The Upcoming Market Shift

Jul 01

EastGroup Properties: A Fully Valued Industrial Sunbelt Play

Apr 22

EastGroup Properties: A Great Dividend Pick At A Great Premium

Jan 25

EastGroup Properties: Guidance Raised Again In Q3, But Wait For Better Price

Nov 09

EastGroup Properties: Wait For A Discount To Buy This Quality Industrial REIT

Sep 21

Recession Worries? EastGroup Properties Could Be A Better Buy Than STAG Industrial

Aug 24

EastGroup Properties: Solid Core Holding At Less Of A Bargain

Jul 17

With EPS Growth And More, EastGroup Properties (NYSE:EGP) Makes An Interesting Case

Jan 09
With EPS Growth And More, EastGroup Properties (NYSE:EGP) Makes An Interesting Case

Eastgroup Properties GAAP EPS of $0.87 beats by $0.02, revenue of $125.66M beats by $1.73M

Oct 25

Here's Why We Think EastGroup Properties (NYSE:EGP) Might Deserve Your Attention Today

Oct 10
Here's Why We Think EastGroup Properties (NYSE:EGP) Might Deserve Your Attention Today

Eastgroup Properties raises quarterly dividend by 13.6%

Aug 26

Amazon Sneezed, EastGroup Properties Caught A Cold

Aug 18

EastGroup Properties: Rocket On The Launching Pad

Jul 30

Is Now The Time To Put EastGroup Properties (NYSE:EGP) On Your Watchlist?

Jul 04
Is Now The Time To Put EastGroup Properties (NYSE:EGP) On Your Watchlist?

EastGroup Properties: Still Quality, But Still Pricey Too

Apr 18

I Ran A Stock Scan For Earnings Growth And EastGroup Properties (NYSE:EGP) Passed With Ease

Feb 24
I Ran A Stock Scan For Earnings Growth And EastGroup Properties (NYSE:EGP) Passed With Ease

EastGroup Properties: A Closer Look At The Top Industrial REIT

Feb 02

Shareholder Returns

EGPUS Industrial REITsUS Market
7D-4.1%-2.8%0.4%
1Y7.8%11.5%32.6%

Return vs Industry: EGP underperformed the US Industrial REITs industry which returned 11.5% over the past year.

Return vs Market: EGP underperformed the US Market which returned 32.6% over the past year.

Price Volatility

Is EGP's price volatile compared to industry and market?
EGP volatility
EGP Average Weekly Movement2.6%
Industrial REITs Industry Average Movement3.2%
Market Average Movement6.4%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market3.1%

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

FoundedEmployeesCEOWebsite
196996Marshall Loebwww.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

How do EastGroup Properties's earnings and revenue compare to its market cap?
EGP fundamental statistics
Market capUS$8.76b
Earnings (TTM)US$226.28m
Revenue (TTM)US$608.99m

38.7x

P/E Ratio

14.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EGP income statement (TTM)
RevenueUS$608.99m
Cost of RevenueUS$166.93m
Gross ProfitUS$442.06m
Other ExpensesUS$215.78m
EarningsUS$226.28m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Oct 23, 2024

Earnings per share (EPS)4.65
Gross Margin72.59%
Net Profit Margin37.16%
Debt/Equity Ratio60.5%

How did EGP perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

62%

Payout Ratio