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Last €49.75 EUR
Change Today -0.50 / -1.00%
Volume 0.0
EGO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 1:45 PM 06/3/15 All times are local (Market data is delayed by at least 15 minutes).

eastgroup properties inc (EGO) Snapshot

Open
€49.94
Previous Close
€50.25
Day High
€49.94
Day Low
€49.36
52 Week High
01/23/15 - €59.37
52 Week Low
08/4/14 - €45.75
Market Cap
1.6B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
32.3M
EX-Date
06/17/15
P/E TM
--
Dividend
€2.30
Dividend Yield
3.68%
Current Stock Chart for EASTGROUP PROPERTIES INC (EGO)

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eastgroup properties inc (EGO) Details

EastGroup Properties, Inc., a real estate investment trust (REIT), focuses on the development, acquisition, and operation of industrial properties in the United States. As of December 31, 2007, it owned 202 industrial properties and 1 office building, as well as approximately 1.7 million square feet properties in Florida, Texas, Arizona, and California. The company has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income tax purposes, provided it distributes at least 90% of its REIT taxable income to its shareholders. EastGroup Properties, Inc. was founded in 1969 and is headquartered in Jackson, Mississippi.

69 Employees
Last Reported Date: 02/17/15
Founded in 1969

eastgroup properties inc (EGO) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $605.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $360.0K
Senior Vice President
Total Annual Compensation: $350.0K
Senior Vice President
Total Annual Compensation: $350.0K
Senior Vice President
Total Annual Compensation: $340.0K
Compensation as of Fiscal Year 2014.

eastgroup properties inc (EGO) Key Developments

EastGroup Properties Declares Quarterly Cash Dividend, Payable on June 30, 2015

EastGroup Properties announced that its board of directors declared a quarterly cash dividend of $0.57 per share payable on June 30, 2015 to shareholders of record of common stock on June 19, 2015. This dividend is the 142nd consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $2.28 per share.

EastGroup Properties Inc., Annual General Meeting, May 28, 2015

EastGroup Properties Inc., Annual General Meeting, May 28, 2015., at 09:00 Central Standard Time. Location: 190 East Capitol Street,. Agenda: To consider and elect nine directors to serve until the next Annual Meeting of Shareholders and until their successors are elected and qualified; to consider and Cast an advisory vote to ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for the 2015 fiscal year; to consider and Cast an advisory vote on executive compensation; and to consider and transact other business properly presented at the meeting or any adjournment or postponement at the meeting.

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.

 

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Industry Analysis

EGO

Industry Average

Valuation EGO Industry Range
Price/Earnings 36.2x
Price/Sales 8.0x
Price/Book 3.2x
Price/Cash Flow 15.1x
TEV/Sales 3.8x
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