EastGroup Properties

EastGroup Properties, Inc. is an internally-managed equity real estate investment trust. The firm is engaged in the development, acquisition, and operation of industrial properties in the United States. Its portfolio consists of distribution facilities in Florida, California, Texas, Arizona, and North Carolina. The company was founded in 1969 and is headquartered in Ridgeland, MS.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

EastGroup Properties surpasses earnings expectations, eyes cautious growth strategy

EastGroup Properties (EGP) exceeded FFO guidance, achieved record performance in 2022, and maintains a cautious approach in the current economic environment. Challenges include capital market volatility and delays in equipment procurement, while opportunities lie in the development pipeline and stable cap rates for acquisitions.

EastGroup Properties (EGP) excels in Q1 2023 amidst market uncertainties

EastGroup Properties (EGP) delivered a strong performance in Q1 2023, showcasing operational excellence and prudent financial management amidst market uncertainties. While facing challenges like potential economic downturns, EGP remains poised to capitalize on opportunities in strategic transactions and rent growth across key markets.

EastGroup Properties excels in Q2, eyes growth amidst challenges

EastGroup Properties delivered strong financial performance and highlighted positive market trends and growth opportunities.
While facing challenges in certain markets and securing capital, the company remains well-positioned for future success.
Strategic focus on development projects and diverse funding sources will drive growth amidst market uncertainties.
Overall, EastGroup's operational excellence and strategic initiatives position it for sustained growth and value creation.

EastGroup Properties (EGP) reports strong Q3 performance and eyes value creation opportunities

EastGroup Properties (EGP) delivered a robust Q3 performance with rising FFO per share and strong operational metrics. Despite challenges like construction delays and G&A expense reductions, the company is focused on value creation and seizing opportunities in the market. EGP's strategic approach to acquisitions and developments positions it well for future growth.

EastGroup Properties reports record earnings, eyes strategic acquisitions for growth

EastGroup Properties delivered a strong performance in Q4 2023, with record FFO per share and robust occupancy metrics.
The company's strategic focus on acquisitions, rent growth, and financial prudence positions it well for future growth and value creation.
Challenges in certain markets and cautious approach to acquisitions highlight the need for strategic risk management and market responsiveness.
Opportunities in acquisitions, rent growth, nearshoring activities, and development starts offer avenues for sustained growth and portfolio expansion.

EastGroup Properties excels in Q1, eyes growth in Raleigh and Nashville markets

EastGroup Properties showcases strong Q1 performance with a focus on strategic acquisitions, high occupancies, and navigating economic challenges. The company remains optimistic about future growth, emphasizing return hurdles for acquisitions and market resiliency. Opportunities lie in targeted market growth, unique acquisitions, and adapting to evolving tenant behavior.

EastGroup Properties (EGP) excels in Q3, eyes growth amid challenges

EastGroup Properties (EGP) reported strong financial performance and operational metrics in Q3 2024.
The company remains focused on strategic acquisitions, development, and maximizing value for shareholders.
Challenges include economic uncertainties and operational risks, but EGP is well-positioned to capitalize on growth opportunities.
With a positive outlook, EGP's emphasis on acquisitions, rent increases, and portfolio expansion bodes well for future success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

EastGroup Properties, Inc. is an internally-managed equity real estate investment trust, which engages in the development, acquisition, and operation of industrial properties. The company was founded in 1969 and is headquartered in Ridgeland, MS.

JACKSON, Miss., Dec. 3, 2020 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.79 per share payable on January 15, 2021 to shareholders of record of Common Stock on December 31, 2020. This dividend is the...

EastGroup Properties Announces 164th Consecutive Quarterly Cash Dividend

Duke Realty

Prologis

Rexford Industrial Realty

With the pandemic fueling online orders and substantially boosting e-commerce's share of total retail sales this shopping season, industrial REITs have solid chances to excel in the upcoming period.

Can Industrial REITs Make the Most of This Cyber Monday?

A surge in e-commerce business drove up rent collection this year. Normalization of life next year will likely erode some of the gains in e-commerce. New entrants may pressurize pricing power in the coming years.

EastGroup Properties: Revenue Growth Likely To Weaken

JACKSON, Miss., Nov. 12, 2020 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) announced today that it is scheduled to present at the Nareit REITworld: 2020 Annual Conference. EastGroup's presentation is scheduled for Wednesday, November 18, 2020 at 3:45 p.m., Eastern Time. The...

EastGroup Properties Announces Presentation at the Nareit REITworld: 2020 Annual Conference

Eastgroup Properties, Inc. (EGP) CEO Marshall Loeb on Q3 2020 Results - Earnings Call Transcript

JACKSON, Miss., Oct. 27, 2020 /PRNewswire/ -- Third Quarter 2020 Results Net Income Attributable to Common Stockholders of $0.62 Per Share for Third Quarter 2020 Compared to $0.60 Per Share for Third Quarter 2019 Funds from Operations of $1.36 Per Share for Third Quarter 2020 Compared to...

EastGroup Properties Announces Third Quarter 2020 Results

Digital Realty Trust

3 Equity REIT Stocks Poised to Escape COVID-19-Led Industry Scare

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does EastGroup Properties (EGP) have what it takes?

Are You Looking for a High-Growth Dividend Stock? EastGroup Properties (EGP) Could Be a Great Choice

Agilent Technologies

Ameren

Federal Agricultural

Allegion

AvalonBay Communities

Brookfield Asset Management

B&G Foods

Berkshire Hills Bancorp

Bank of South Carolina

Brookfield Property Partners

Brookfield Property Partners L.P.

Brookfield Property Partners L.P. - 6.50% PRF PERPETUAL USD 25 - Ser 1 Cls A

BancorpSouth Bank

Crown Castle International

C&F Financial

CareTrust REIT

Dillard's

Dollar General

Quest Diagnostics

Amdocs

Domino's Pizza

Meridian Bancorp

Enterprise Financial Services

A weekly summary of dividend activity for Dividend Challengers.

Dividend Challenger Highlights: Week Of September 27

Innovative Industrial Properties

Plymouth Industrial REIT

STAG Industrial

Terreno Realty

Vanguard Real Estate ETF

Recent earnings reports confirmed that fundamentals are back in-line with pre-pandemic expectations with positive growth expected in 2020. With the pandemic exposing deficiencies in supply chains, we believe the logistics-boom is back in the early-innings.

Industrial REITs: Virus Exposes Frail Supply Chains

EastGroup's (EGP) August rental receipts as of Sep 3 are slightly higher than the July rental collections made as of Aug 3, 2020.

EastGroup Sees 96.5% Occupancy, Collects 97.9% of August Rents

Arbor Realty Trust

American Campus Communities

Agree Realty

AGNC Investment

Great Ajax

Great Ajax Corp. 7.25 % Convertible Notes 2017-30.04.24 Global

ARMOUR Residential REIT

Alpine Global Premier Properties Fund

JPMorgan BetaBuilders MSCI US REIT ETF

Black Knight

CBL & Associates Properties

CyrusOne

SPDR Dow Jones Industrial Average ETF

Ellington Financial

First Industrial Realty Trust

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

FlexShares Global Quality Real Estate Index Fund

Xtrackers International Real Estate ETF

iShares iBoxx High Yield Corporate Bond ETF

iShares Cohen & Steers REIT ETF

iShares 7-10 Year Treasury Bond ETF

iShares International Developed Real Estate ETF

Tech wreck: The "unofficial end" of summer came with one final "splash" in its final days as volatility returned to U.S. equity markets following several months of relative tranquility.

REITs Unfazed By Tech Wreck

JACKSON, Miss., Sept. 3, 2020 /PRNewswire/ -- EastGroup Properties, Inc.

EastGroup Properties Announces Business Updates

BancFirst

Intuit

LCI Industries

Lam Research

Northrim BanCorp

Silgan Hlds

Dividend Changes: August 22-28, 2020

Maintaining its impressive track record of increasing dividends, EastGroup Properties (EGP) announces 5.3% sequential hike in quarterly distributions.

Is EastGroup Properties' (EGP) 5.3% Dividend Hike Sustainable?

EastGroup Properties, Inc. (EGP) CEO Marshall Loeb on Q2 2020 Results - Earnings Call Transcript

EastGroup Properties (EGP) delivered FFO and revenue surprises of 4.72% and 1.20%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

EastGroup Properties (EGP) Tops Q2 FFO and Revenue Estimates

JACKSON, Miss., July 28, 2020 /PRNewswire/ -- Second Quarter 2020 Results Net Income Attributable to Common Stockholders of $0.60 Per Share for Second Quarter 2020 Compared to $0.73 Per Share for Second Quarter 2019 (Second Quarter 2019 Included Gains on Sales of Real Estate Investments.

EastGroup Properties Announces Second Quarter 2020 Results

Equity LifeStyle Properties

Getty Realty

Lockdowns have been tough on real estate investment trusts (REITs).

7 Promising REIT Dividends For The Next Phase Of Lockdowns

JACKSON, Miss., July 8, 2020 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) today announced three significant actions relating to its corporate governance, including refreshment of its board of directors and committee chairs, and changes to its independent director compensation policy....

EastGroup Properties Announces New Director and Governance Actions

JACKSON, Miss., June 5, 2020 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) announced today that Marshall Loeb, President and CEO, will present at the Stifel 2020 Cross Sector Insight Conference on Monday, June 8, 2020 at 2:00 p.m. EDT. The presentation will be broadcast live and...

EastGroup Properties Announces Presentation at Stifel 2020 Cross Sector Insight Conference

JACKSON, Miss., June 1, 2020 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "EastGroup" or "we") announced today that in light of the current COVID-19 pandemic, the Company is providing an update on its portfolio occupancy, rent collections and rent relief requests....

EastGroup Properties Announces Business and Market Updates

JACKSON, Miss., May 21, 2020 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.75 per share payable on July 15, 2020 to shareholders of record of Common Stock on June 30, 2020. This dividend is the 162nd...

EastGroup Properties Announces 162nd Consecutive Quarterly Cash Dividend

EastGroup Properties, Inc. (EGP) CEO Marshall Loeb on Q1 2020 Results - Earnings Call Transcript

EastGroup Properties (EGP) delivered FFO and revenue surprises of 1.55% and 0.74%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

EastGroup Properties (EGP) Q1 FFO and Revenues Surpass Estimates

News for EastGroup Properties Stock (EGP)