NYSE:EGP

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Executive Summary

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


Snowflake Analysis

Established dividend payer with questionable track record.


Similar Companies

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 +/- 4% a week.

Volatility Over Time: EGP's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.2%

EGP

-0.7%

US REITs

-0.4%

US Market


1 Year Return

3.4%

EGP

-4.9%

US REITs

36.2%

US Market

Return vs Industry: EGP exceeded the US REITs industry which returned -4.9% over the past year.

Return vs Market: EGP underperformed the US Market which returned 36.2% over the past year.


Shareholder returns

EGPIndustryMarket
7 Day-0.2%-0.7%-0.4%
30 Day-6.8%-0.7%-2.3%
90 Day1.3%0.9%5.0%
1 Year6.1%3.4%-0.5%-4.9%39.1%36.2%
3 Year74.8%61.3%30.2%14.3%48.4%39.0%
5 Year176.3%138.6%41.2%12.7%116.6%92.4%

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

Valuation

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

1.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EGP ($135.79) is trading below our estimate of fair value ($137.75)

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 (49.1x) compared to the US REITs industry average (47.7x).

PE vs Market: EGP is poor value based on its PE Ratio (49.1x) compared to the US market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: EGP is poor value based on its PEG Ratio (13.1x)


Price to Book Ratio

PB vs Industry: EGP is overvalued based on its PB Ratio (4.2x) compared to the US REITs industry average (1.6x).


Next Steps

Future Growth

How is EastGroup Properties forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

3.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EGP's forecast earnings growth (3.8% per year) is above the savings rate (2%).

Earnings vs Market: EGP's earnings (3.8% per year) are forecast to grow slower than the US market (19.2% per year).

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

Revenue vs Market: EGP's revenue (7.6% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: EGP's revenue (7.6% 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 (9.1%).


Next Steps

Past Performance

How has EastGroup Properties performed over the past 5 years?

10.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EGP has high quality earnings.

Growing Profit Margin: EGP's current net profit margins (29.9%) are lower than last year (36.8%).


Past Earnings Growth Analysis

Earnings Trend: EGP's earnings have grown by 10.4% 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 (-10.9%) over the past year, making it difficult to compare to the REITs industry average (-6.1%).


Return on Equity

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


Next Steps

Financial Health

How is EastGroup Properties's financial position?


Financial Position Analysis

Short Term Liabilities: EGP's short term assets ($73.8M) do not cover its short term liabilities ($81.3M).

Long Term Liabilities: EGP's short term assets ($73.8M) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: EGP's debt to equity ratio (104.4%) is considered high.

Reducing Debt: EGP's debt to equity ratio has reduced from 185.9% to 104.4% over the past 5 years.

Debt Coverage: EGP's debt is not well covered by operating cash flow (14.8%).

Interest Coverage: EGP's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet


Next Steps

Dividend

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

2.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EGP's dividend (2.33%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: EGP's dividend (2.33%) is low compared to the top 25% of dividend payers in the US market (3.64%).


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 (56.6%), 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 (52.1% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Marshall Loeb (58 yo)

5.17yrs

Tenure

US$4,733,252

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 ($USD4.73M) is about average for companies of similar size in the US market ($USD6.35M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Marshall Loeb
President5.17yrsUS$4.73m0.25%
$ 13.3m
Brent Wood
Executive VP3.58yrsUS$2.17m0.25%
$ 13.6m
John Coleman
Executive VP & Head of Eastern Regional20.17yrsUS$1.70m0.25%
$ 13.2m
R. Dunbar
Senior VP & Head of Texas Region3.83yrsUS$1.43m0.038%
$ 2.0m
Ryan Collins
Senior VP & Head of Western Region3.83yrsUS$1.18m0.028%
$ 1.5m
Staci Tyler
Senior VP0.83yrno data0.022%
$ 1.2m
Brian Laird
Chief Information Officer & VP0.17yrno datano data
Wendi Powers
Investor Relations5.17yrsno datano data
Shelby Trusty
Director of Human Resourcesno datano datano data
Michael Sacco
Vice President of the Western Regional Officeno datano datano data
Michelle Rayner
Vice President of Financial Reporting3.17yrsno datano data
Keena Frazier
Director Leasing Statisticsno datano datano data

3.8yrs

Average Tenure

47yo

Average Age

Experienced Management: EGP's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marshall Loeb
President5.17yrsUS$4.73m0.25%
$ 13.3m
David Hoster
Chairman of the Board5.17yrsUS$239.05k0.52%
$ 28.0m
H. Bolton
Lead Independent Director4.17yrsUS$171.04k0.030%
$ 1.6m
D. Aloian
Independent Director21.5yrsUS$178.54k0.080%
$ 4.3m
H. Bailey
Independent Director41.17yrsUS$165.04k0.0097%
$ 520.4k
Hayden Eaves
Independent Director19yrsUS$173.04k0.029%
$ 1.6m
Donald Colleran
Independent Director3.58yrsUS$156.54k0.0091%
$ 486.0k
Mary Elizabeth McCormick
Independent Director15.75yrsUS$172.04k0.052%
$ 2.8m
Katherine Sandstrom
Independent Director0.67yrno data0.0024%
$ 126.7k

5.2yrs

Average Tenure

64yo

Average Age

Experienced Board: EGP's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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%.


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$5.370b
  • Shares outstanding: 39.55m
  • Website: https://www.eastgroup.net

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EGPNYSE (New York Stock Exchange)YesCommon SharesUSUSDNov 1972
EGODB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1972

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 Analysis2021/03/07 23:12
End of Day Share Price2021/03/05 00:00
Earnings2020/12/31
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.