EastGroup Properties, Inc. (EGP)

EastGroup Properties Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	623.29	566.18	486.82	409.41	362.67	330.81
Other Revenue	4.52	4.41	0.21	0.06	0.35	-
Total Revenue	627.82	570.59	487.03	409.48	363.02	330.81
Revenue Growth (YoY	14.75%	17.16%	18.94%	12.80%	9.74%	10.63%
Property Expenses	170.39	154.03	133.92	115.08	103.37	93.27
Selling, General & Administrative	21.02	17.34	16.91	16.4	15.07	16.82
Depreciation & Amortization	185	171.08	153.64	127.1	116.36	104.72
Total Operating Expenses	376.4	342.45	304.46	258.58	234.79	214.82
Operating Income	251.42	228.14	182.56	150.89	128.23	116
Interest Expense	-40.87	-48	-38.5	-32.95	-33.93	-34.46
Other Non-Operating Income	0.17	2.44	1.21	0.83	0.94	0.65
EBT Excluding Unusual Items	210.72	182.58	145.28	118.78	95.25	82.19
Gain (Loss) on Sale of Assets	21.91	17.97	41	38.86	13.15	41.15
Pretax Income	232.62	200.55	186.27	157.64	108.39	123.34
Earnings From Continuing Operations	232.62	200.55	186.27	157.64	108.39	123.34
Net Income to Company	232.62	200.55	186.27	157.64	108.39	123.34
Minority Interest in Earnings	-0.06	-0.06	-0.09	-0.08	-0.03	-1.68
Net Income	232.57	200.49	186.18	157.56	108.36	121.66
Net Income to Common	232.57	200.49	186.18	157.56	108.36	121.66
Net Income Growth	32.36%	7.69%	18.17%	45.40%	-10.93%	37.46%
Basic Shares Outstanding	48	45	43	40	39	37
Diluted Shares Outstanding	48	45	43	40	39	38
Shares Change (YoY)	8.06%	6.13%	5.78%	2.75%	4.71%	5.69%
EPS (Basic)	4.85	4.43	4.37	3.91	2.77	3.25
EPS (Diluted)	4.83	4.42	4.36	3.90	2.76	3.24
EPS Growth	22.43%	1.38%	11.79%	41.30%	-14.81%	30.12%
Dividend Per Share	5.210	5.040	4.700	3.580	3.080	2.940
Dividend Growth	3.78%	7.23%	31.28%	16.23%	4.76%	8.09%
Operating Margin	40.05%	39.98%	37.49%	36.85%	35.32%	35.06%
Profit Margin	37.04%	35.14%	38.23%	38.48%	29.85%	36.78%
Free Cash Flow Margin	63.84%	59.27%	64.99%	62.64%	54.07%	59.22%
EBITDA	412.09	374.61	314.69	260.74	228.69	206.33
EBITDA Margin	65.64%	65.65%	64.61%	63.68%	63.00%	62.37%
D&A For Ebitda	160.67	146.46	132.12	109.84	100.46	90.33
EBIT	251.42	228.14	182.56	150.89	128.23	116
EBIT Margin	40.05%	39.98%	37.49%	36.85%	35.32%	35.06%
Funds From Operations (FFO)	395.55	353.28	298.93	245.93	211.57	186.86
FFO Per Share	8.23	7.79	7.00	6.09	5.38	4.98
Adjusted Funds From Operations (AFFO)	-	353.28	298.93	245.93	211.57	186.86
AFFO Per Share	-	7.79	7.00	6.09	5.38	4.98
FFO Payout Ratio	61.36%	63.87%	64.88%	53.58%	56.61%	58.22%
Revenue as Reported	625.34	570.59	487.03	409.48	363.02	331.39

Source: S&P Capital IQ. Real Estate template. Financial Sources.