EastGroup Properties, Inc. (EGP)
| Market Cap | 8.80B |
| Revenue (ttm) | 656.99M |
| Net Income (ttm) | 228.53M |
| Shares Out | 52.44M |
| EPS (ttm) | 4.58 |
| PE Ratio | 36.31 |
| Forward PE | 34.05 |
| Dividend | $5.60 (3.37%) |
| Ex-Dividend Date | Mar 31, 2025 |
| Volume | 17,613 |
| Open | 166.58 |
| Previous Close | 167.17 |
| Day's Range | 165.77 - 168.23 |
| 52-Week Range | 137.67 - 192.61 |
| Beta | 1.07 |
| Analysts | Buy |
| Price Target | 188.57 (+12.42%) |
| Earnings Date | Apr 23, 2025 |
About EGP
EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for locatio... [Read more]
Financial Performance
In 2024, EastGroup Properties's revenue was $638.53 million, an increase of 12.73% compared to the previous year's $566.40 million. Earnings were $227.75 million, an increase of 13.60%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for EGP stock is "Buy." The 12-month stock price forecast is $188.57, which is an increase of 12.42% from the latest price.
News
3 Blue-Chip REIT Bargains On Sale
I'm always on the lookout for high-quality REITs on sale, focusing on blue-chip companies with proven management, strong balance sheets, and conservative dividend policies. Realty Income, Public Stora...
Tensions Ease Ahead Of Critical Week
US equity markets resumed their recovery this week from the "liberation day" plunge after the White House negotiated trade deals with several nations and indicated plans to ease China tariffs. Trimmin...
6 Dividend Growth Stocks I'm Buying As The Trade War Hits Stalemate
Tariffs, especially on China, remain a significant risk, causing market uncertainty, potential shortages, inflation, and economic strain, despite the potential for reductions. Recession odds for 2025 ...
EastGroup Properties, Inc. (EGP) Q1 2025 Earnings Call Transcript
EastGroup Properties, Inc. (NYSE:EGP) Q1 2025 Earnings Conference Call April 24, 2025 11:00 AM ET Company Participants Marshall Loeb - President and CEO Brent Wood - CFO Conference Call Participants ...
EastGroup Properties Announces First Quarter 2025 Results
Quarter Highlights Net Income Attributable to Common Stockholders of $1.14 Per Diluted Share for First Quarter 2025 Compared to $1.22 Per Diluted Share for First Quarter 2024 (Gains on Sales of Real E...
2 Oversold Industrial Powerhouses Long-Term Dividend Investors Should Consider
Prologis and EastGroup Properties are trading below historical averages, presenting a buying opportunity for long-term dividend investors amid market volatility. Both REITs have robust balance sheets,...
5 Dividend Growth Stocks I'm Buying As Defensive Sectors Become Sexy Again
The market has shifted from tech to defensive stocks, with real estate and consumer staples outperforming due to tariffs and trade wars. US companies with high foreign sales exposure are struggling, w...
7 Quality Dividend Stocks I'm Buying As Tariff Risks Remain
The 90-day tariff pause offers short-term relief, but long-term trade uncertainty and recession risks persist, making it critical to stay vigilant and strategic. Despite market volatility, now is the ...
EastGroup Properties Announces Standardization of Key Property Metrics among Industrial REITs
JACKSON, Miss. , April 1, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "our", "us" or "EastGroup") announced today a coalition of industrial real estate investment...
EastGroup Properties Announces First Quarter 2025 Earnings Conference Call and Webcast
JACKSON, Miss. , March 25, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its First Quarter 2025 Earnings Conference Call ...
EastGroup Properties Q4: Another Reason To Own This Industrial REIT
EastGroup Properties, Inc. is a high performing industrial REIT with proven growth strategy. Q4 2024 results showed growth in FFO and acquisitions, with a 97.1% leased portfolio, indicating strong fut...
EastGroup Properties Announces 181st Consecutive Quarterly Cash Dividend
JACKSON, Miss. , March 7, 2025 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company" or "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.40 p...
Winners Of REIT Earnings Season
In Part 2 of our Earnings Recap, we present a sector-by-sector breakdown of the Winners of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Healthc...
EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conference
JACKSON, Miss. , Feb. 28, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "our", "us" or "EastGroup") announced today its recent business activity.
My Top 10 REITs For 2025 (Revisited)
I screened for high-quality, competitively advantaged REITs to deliver 29% annualized returns in 2025; the portfolio is on target with a 5.4% YTD return. Top performers include Terreno (+13.5%), EastG...
EastGroup Properties, Inc. (EGP) Q4 2024 Earnings Call Transcript
EastGroup Properties, Inc. (NYSE:EGP) Q4 2024 Earnings Conference Call February 7, 2025 11:00 AM ET Company Participants Marshall Loeb - President and Chief Executive Officer Keena Frazier - Director...
EastGroup Properties Announces Fourth Quarter and Full Year 2024 Results
Fourth Quarter 2024 Highlights Net Income Attributable to Common Stockholders of $1.16 Per Diluted Share for Fourth Quarter 2024 Compared to $1.35 Per Diluted Share for Fourth Quarter 2023 (Gains on S...
The Ten Commandments Of REIT Investing
The Chilton REIT Strategy, founded by Bruce Garrison, has achieved an annualized total return of +9.3% gross of fees over 20 years. Successful REITs are characterized by strong management, a focused s...
EastGroup Properties Announces the Income Tax Treatment of its 2024 Distributions
JACKSON, Miss. , Jan. 27, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today the income tax treatment of its 2024 distributions as described bel...
10 Stocks I'm Buying As A New Government Takes Power
Global warming isn't just a "woke" issue; it has real financial implications for energy investments. DOGE has lofty and worthy goals, but the reality is that Congress controls the purse strings. Delay...
7 Stocks I'm Buying Amid This Goldilocks (For Now) Economy
There is an often overlooked difference between income investing and dividend growth investing. The two are not the same. Timely charts showing that inflation is even more subdued than the official CP...