Last €55.54 EUR
Change Today -0.40 / -0.72%
Volume 0.0
EGO On Other Exchanges
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As of 2:07 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

eastgroup properties inc (EGO) Snapshot

Open
€55.54
Previous Close
€55.94
Day High
€55.54
Day Low
€55.54
52 Week High
01/23/15 - €59.37
52 Week Low
03/7/14 - €43.87
Market Cap
1.8B
Average Volume 10 Days
2.0
EPS TTM
--
Shares Outstanding
32.2M
EX-Date
12/17/14
P/E TM
--
Dividend
€2.05
Dividend Yield
3.03%
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, President and Direct...
Total Annual Compensation: $590.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $350.0K
Senior Vice President
Total Annual Compensation: $340.0K
Senior Vice President
Total Annual Compensation: $340.0K
Senior Vice President
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2013.

eastgroup properties inc (EGO) Key Developments

EastGroup Properties Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

EastGroup Properties Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2014. For the quarter, the company reported revenues of $57,241 million, operating income of $19,770 million, income from continuing operations of $12,856 million or $0.4 per diluted share, net income attributable to company shareholders of $12,722 million or $0.4 per diluted share compared to the revenues of $53,697 million, operating income of $17,569 million, income from continuing operations of $8,781 million or $0.28 per diluted share, net income attributable to company shareholders of $9,455 million or $0.31 per diluted share for the same quarter a year ago. Funds from operations was $29.2 million or $0.91 per share compared to $25.7 million or $0.84 per share for the same period of 2013, an increase of 8.3%. For the year, the company reported revenues of $219,829 million, operating income of $73,782 million, income from continuing operations of $48,473 million or $1.52 per diluted share, net income attributable to company shareholders of $47,941 million or $1.52 per diluted share compared to the revenues of $202,171 million, operating income of $66,581 million, income from continuing operations of $32,338 million or $1.05 per diluted share, net income attributable to company shareholders of $32,615 million or $1.08 per diluted share for the previous year. For the year ended December 31, 2014, FFO was $109 million or $3.47 per share compared to $97.6 million or $3.23 per share for 2013, an increase of 7.4%. The company provided earnings guidance for the first quarter and full year of 2015. FFO per share for 2015 is estimated to be in the range of $3.57 to $3.67. Diluted EPS for 2015 is estimated to be in the range of $1.21 to $1.31. For the first quarter, the company expects net income attributable to common stockholders in the range of $8.652 million or $0.27 per diluted share to $9.296 million or $0.29 per diluted share, depreciation and amortization of $18.718 million, funds from operations attributable to common stockholders in the range of $27.370 million or $0.85 per diluted share to $28.014 million or $0.87 per diluted share.

Eastgroup Properties Announces Executive Changes

EastGroup Properties announced that its Board of Directors has implemented an executive succession plan, pursuant to which Marshall A. Loeb has been appointed to the positions of President and Chief Operating Officer effective March 1, 2015. Mr. Loeb will become President and Chief Executive Officer January 1, 2016 and will succeed David H. Hoster II, who has been President of the Company since 1994 and its CEO since 1997. Mr. Hoster will remain on the Board and become its Chairman January 1, 2016. Also, as part of this transition, Leland R. Speed, who is currently Chairman of the Board of Directors, has agreed to remain on the Board as its Chairman Emeritus. Both of these changes are subject to Mr. Hoster and Mr. Speed being reelected as Directors by the stockholders, and elected by the Board to these positions. Mr. Speed has been a Director since 1978, Chairman since 1983 and was Chief Executive Officer from 1983 to 1997. These changes are the result of a succession plan that the Board believes is necessary to ensure experience, knowledge transfer and continuity. Mr. Loeb, who was with EastGroup from 1991 to 2000, began with the Company as an asset manager and rose to senior vice president after having a variety of responsibilities with the Company. He established EastGroup's western regional office in Phoenix where he oversaw all the Company's real estate activities in the western United States including acquisitions, development, leasing and property operations. Subsequent to his time at EastGroup, Mr. Loeb served as the Chief Financial Officer of Parkway Properties (2000-2005) and, most recently, as President and Chief Operating Officer of Glimcher Realty Trust (2005-2015).

EastGroup Properties Inc. Presents at Citl's 2015 Global Property CEO Conference, Mar-02-2015 10:10 AM

EastGroup Properties Inc. Presents at Citl's 2015 Global Property CEO Conference, Mar-02-2015 10:10 AM. Venue: The Diplomat Resort & Spa, 3555 South Ocean Drive, Hollywood, FL 33019, United States. Speakers: David H. Hoster, Chief Executive Officer, President and Director.

 

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Price/Earnings 41.3x
Price/Sales 9.1x
Price/Book 3.5x
Price/Cash Flow 17.2x
TEV/Sales 4.9x
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