EastGroup Properties Balance Sheet Health
Financial Health criteria checks 3/6
EastGroup Properties has a total shareholder equity of $2.8B and total debt of $1.6B, which brings its debt-to-equity ratio to 57.4%. Its total assets and total liabilities are $4.8B and $1.9B respectively. EastGroup Properties's EBIT is $251.4M making its interest coverage ratio 6.2. It has cash and short-term investments of $34.3M.
Key information
57.4%
Debt to equity ratio
US$1.63b
Debt
| Interest coverage ratio | 6.2x |
| Cash | US$34.30m |
| Equity | US$2.83b |
| Total liabilities | US$1.92b |
| Total assets | US$4.75b |
Recent financial health updates
No 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 30Financial Position Analysis
Short Term Liabilities: EGP's short term assets ($150.6M) do not cover its short term liabilities ($328.7M).
Long Term Liabilities: EGP's short term assets ($150.6M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: EGP's net debt to equity ratio (56.2%) is considered high.
Reducing Debt: EGP's debt to equity ratio has reduced from 101.7% to 57.4% over the past 5 years.
Debt Coverage: EGP's debt is well covered by operating cash flow (24.6%).
Interest Coverage: EGP's interest payments on its debt are well covered by EBIT (6.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 16:47 |
| 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| 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
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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 45 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 |