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Last $56.81 USD
Change Today +0.27 / 0.48%
Volume 181.2K
EGP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

eastgroup properties inc (EGP) Key Developments

EastGroup Properties Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2015

EastGroup Properties Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $57,575,000 against $52,777,000 a year ago. Operating income was $18,499,000 against $17,184,000 a year ago. Net income was $10,061,000 against $8,514,000 a year ago. Net income attributable to company’s common stockholders was $9,930,000 or $0.31 per basic and diluted share against $8,372,000 or $0.27 per basic and diluted share a year ago. Funds from operations attributable to common stockholders were $28,051,000 or $0.87 per share against $25,426,000 or $0.82 per share a year ago. EBITDA was $37,037,000 against $34,677,000 a year ago. Property net operating income (PNOI) increased by $3,419,000, or 9.1%, during the quarter ended March 31, 2015, compared to the same period of 2014. Property net operating income was $41,159,000 against $37,740,000 a year ago. The company provided earnings guidance for the second quarter and full year of fiscal 2015. For the second quarter of 2015, the company expects net income attributable to common stockholders in the range of $10,049,000 compared to $10,695,000, funds from operations attributable to common stockholders in the range of $28,941,000 to $29,587,000, net income per diluted share attributable to common stockholders in the range of $0.31 to $0.33 and funds from operations attributable to common stockholders in the range of $0.89 to $0.91. For the year 2015, the company expects net income attributable to common stockholders in the range of $41,534,000 compared to $44,786,000, funds from operations attributable to common stockholders in the range of $117,218,000 to $120,470,000, net income per diluted share attributable to common stockholders in the range of $1.28 to $1.38 and funds from operations attributable to common stockholders in the range of $3.60 to $3.70.

EastGroup Properties Inc. Presents at 19th Annual Burkenroad Reports Investment Conference, Apr-24-2015 11:00 AM

EastGroup Properties Inc. Presents at 19th Annual Burkenroad Reports Investment Conference, Apr-24-2015 11:00 AM. Venue: Hyatt Regency New Orleans Hotel, 601 Loyola Avenue, New Orleans, LA 70113, United States. Speakers: Chris Segrest, Vice President.

EastGroup Properties Inc. to Report Q1, 2015 Results on Apr 16, 2015

EastGroup Properties Inc. announced that they will report Q1, 2015 results on Apr 16, 2015

EastGroup Properties Inc., Q1 2015 Earnings Call, Apr 17, 2015

EastGroup Properties Inc., Q1 2015 Earnings Call, Apr 17, 2015

EastGroup Properties Enters Lease Agreement with Pacific Grain & Foods

EastGroup Properties leases 57,750 square feet at 4067 W. Shaw Ave. in Fresno to Pacific Grain & Foods. James Griffin was the agent.

 

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EGP Competitors

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Company Last Change
Cousins Properties Inc $9.66 USD +0.16
Lexington Realty Trust $9.01 USD -0.08
Pennsylvania Real Estate Investment Trust $22.59 USD +0.09
Ramco-Gershenson Properties Trust $17.40 USD +0.05
Saul Centers Inc $50.18 USD +0.41
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Industry Analysis

EGP

Industry Average

Valuation EGP Industry Range
Price/Earnings 36.3x
Price/Sales 8.1x
Price/Book 3.2x
Price/Cash Flow 15.1x
TEV/Sales 3.8x
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