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Last $59.93 USD
Change Today +0.48 / 0.81%
Volume 173.7K
EGP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

eastgroup properties inc (EGP) Snapshot

Open
$59.37
Previous Close
$59.45
Day High
$60.29
Day Low
$58.64
52 Week High
11/5/14 - $69.90
52 Week Low
06/5/15 - $55.00
Market Cap
1.9B
Average Volume 10 Days
229.8K
EPS TTM
$1.72
Shares Outstanding
32.3M
EX-Date
06/17/15
P/E TM
34.8x
Dividend
$2.28
Dividend Yield
3.80%
Current Stock Chart for EASTGROUP PROPERTIES INC (EGP)

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eastgroup properties inc (EGP) 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 (EGP) 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 (EGP) Key Developments

EastGroup Properties Mulls Acquisitions

EastGroup Properties Inc. (NYSE:EGP) is seeking acquisitions. David Hoster, Chief Executive Officer of EastGroup Properties, said in Eastgroup Properties Inc. earnings call, “We'll be going forward is like with this potential sale in Houston is to 1031 the proceeds into either operating assets, or more likely land acquisitions.”

EastGroup Properties, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015

EastGroup Properties Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $57.844 million against $53.819 million a year ago. Operating income was $20.001 million against $17.922 million a year ago. Net income attributable to the company’s common stockholders was $14.533 million or $0.45 per diluted share against $9.118 million or $0.29 per diluted share a year ago. Property net operating income (PNOI) was $41.779 million against $38.170 million a year ago. Total PNOI was $41.779 million against $38.170 million a year ago. Funds from operations attributable to common stockholders were $29.593 million or $0.92 per diluted share against $26.254 million or $0.84 per diluted share a year ago. EBITDA was $38.258 million against 35.398 million a year ago. PNOI increased $1.729 million from newly developed properties. $1.505 million from same property operations and $0.751 million from 2014 acquisitions; PNOI decreased $387.000 from properties sold in 2014 and 2015. For the six months, the company reported revenues of $115.436 million against $106.631 million a year ago. Operating income was $38.500 million against $35.106 million a year ago. Net income attributable to the company’s common stockholders was $24.463 million or $0.76 per diluted share against $17.490 million or $0.56 per diluted share a year ago. Property net operating income was $82.938 million against $75.910 million a year ago. Total PNOI was $82.938 million against $75.910 million a year ago. Funds from operations attributable to common stockholders were $57.644 million or $1.79 per diluted share against $51.680 million or $1.66 per diluted share a year ago. EBITDA was $75.295 million against $70.075 million a year ago. PNOI increased by $3.454 million from newly developed properties. $2.575 million from same property operations and $1.719 million from 2014 acquisitions; PNOI decreased $0.729 million from properties sold in 2014 and 2015. The company announced that FFO per share attributable to common stockholders for 2015 is now estimated to be in the range of $3.63 to $3.71. The company increased the mid-point from $3.65 to $3.67 and narrowed the range by $0.02. Diluted EPS for 2015 is estimated to be in the range of $1.41 to $1.49. The company expects to be in the range of $45.649 million to $48.233 million, depreciation and amortization of $74.574 million and funds from operations attributable to common stockholders to be in the range of $117.320 million to $119.904 million. For the third quarter of 2015, the company expects to be in the range of $10.923 million to $11.569 million, depreciation and amortization of $19.006 million and funds from operations attributable to common stockholders to be in the range of $29.929 million to $30.575 million. The company expects net income per diluted share attributable to common stockholders to be in the range of $0.34 to $0.36 and funds from operations per diluted share attributable to common stockholders to be in the range of $0.93 to $0.95.

EastGroup Properties Inc. to Report Q2, 2015 Results on Jul 16, 2015

EastGroup Properties Inc. announced that they will report Q2, 2015 results at 9:01 PM, GMT Standard Time on Jul 16, 2015

 

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EGP:US $59.93 USD +0.48

EGP Competitors

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Company Last Change
Cousins Properties Inc $10.43 USD +0.46
Lexington Realty Trust $8.67 USD +0.09
Ramco-Gershenson Properties Trust $16.74 USD +0.09
Saul Centers Inc $52.10 USD +0.28
St Joe Co/The $16.18 USD +0.03
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Industry Analysis

EGP

Industry Average

Valuation EGP Industry Range
Price/Earnings 34.6x
Price/Sales 8.3x
Price/Book 3.4x
Price/Cash Flow 15.1x
TEV/Sales 4.1x
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