EastGroup Properties, Inc. (EGP)
| Market Cap | 9.09B |
| Revenue (ttm) | 638.53M |
| Net Income (ttm) | 227.75M |
| Shares Out | 51.94M |
| EPS (ttm) | 4.66 |
| PE Ratio | 37.57 |
| Forward PE | 35.63 |
| Dividend | $5.60 (3.20%) |
| Ex-Dividend Date | Mar 31, 2025 |
| Volume | 500,631 |
| Open | 177.24 |
| Previous Close | 176.36 |
| Day's Range | 174.05 - 177.79 |
| 52-Week Range | 155.10 - 192.61 |
| Beta | 1.01 |
| Analysts | Buy |
| Price Target | 191.80 (+9.56%) |
| Earnings Date | Apr 22, 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 15 analysts, the average rating for EGP stock is "Buy." The 12-month stock price forecast is $191.8, which is an increase of 9.56% from the latest price.
News
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
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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
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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...
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California REITs see rating upgrades in the wake of fires
CNBC's Diana Olick reports on REIT performance post-California wildfires.
EastGroup Properties: Buy The Drop On This Wonderful Bargain
EastGroup Properties is trading at a 52-week low, presenting a buying opportunity for long-term income and growth investors. EGP focuses on high-demand, supply-constrained Sunbelt markets with multi-t...
EGP: Rising Dividends With Industrial Real Estate
EastGroup Properties Inc. (EGP) is an industrial real estate investment trust with a long history of paying and growing dividends. Recent acquisitions and high occupancy rates demonstrate EGP's effect...
A Dozen Stocks I'm Buying As Rising Interest Rates Break The Market
Interest rate peaks often cause short-term S&P 500 selloffs, especially for REITs. I retain hope that REITs may decouple from 10-year Treasury yields once rates stabilize. Baby Boomers' economic impac...
EastGroup Properties Announces Fourth Quarter 2024 Earnings Conference Call and Webcast
JACKSON, Miss. , Jan. 7, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Fourth Quarter Earnings Conference Call and We...
World Beaters' 2024 Performance Review
One year ago, I selected a portfolio of 10 REITs for their double-digit dividend growth, believing they would outperform on share price and deliver superior total return. In this article, I hold mysel...
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REITs Say 'Good Riddance' To 2024
U.S. equity markets sputtered in a choppy final week of 2024 as investors returned from the holidays with trepidation following the best two-year run for the S&P 500 since 1997-1998. The S&P 500 finis...
EastGroup Properties Announces Recent Business Activity
JACKSON, Miss. , Dec. 30, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity.