EGP EastGroup Properties, Inc.
EastGroup Properties, Inc. is an equity real estate investment trust, which engages in the development, acquisition and operation of industrial properties in the United States. It operates through Industrial Properties segment. Its portfolio consists of distribution facilities in Florida, California, Texas, Arizona, and North Carolina. The company was founded in 1969 and is headquartered in Ridgeland, MS.
Company profile
Ticker
EGP
Exchange
CEO
Marshall A. Loeb
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Eastgroup Properties, Eastgroup Properties Ii Inc
SEC CIK
Corporate docs
IRS number
132711135
EGP stock data
()
Calendar
26 Jul 19
17 Oct 19
31 Dec 19
News
Company financial data Financial data
| Quarter (USD) | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|
| Revenue | 82.1M | 78.8M | 77.98M | 75.33M | |
| Net income | 26.95M | 22.53M | 18.56M | 23.01M | |
| Diluted EPS | 0.73 | 0.62 | 0.51 | 0.64 | |
| Net profit margin | 32.83% | 28.59% | 23.80% | 30.55% | |
| Operating income | 27.72M | 27.58M | |||
| Net change in cash | 117K | 5K | |||
| Cash on hand | 326K | 374K | 257K |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Revenue | 300.39M | 274.15M | 253.05M | 235.01M | |
| Net income | 88.51M | 83.18M | 95.51M | 47.87M | |
| Diluted EPS | 2.49 | 2.44 | 2.93 | 1.49 | |
| Net profit margin | 29.46% | 30.34% | 37.74% | 20.37% | |
| Operating income | 108.56M | 95.2M | 87.37M | 79.06M | |
| Net change in cash | 358K | -506K | 474K | 37K | |
| Cash on hand | 374K | 16K | 522K | 48K |
Financial data from company earnings reports
Financial report summary
?Management Discussion
- PNOI increased by $11,604,000 ($0.32 per diluted share), or 11.2%, for the six months ended June 30, 2019, as compared to the same period of 2018. PNOI increased $5,707,000 from newly developed and value-add properties, $4,395,000 from same property operations and $1,979,000 from 2018 and 2019 acquisitions; PNOI decreased $571,000 from operating properties sold in 2018 and 2019. Lease termination fee income was $985,000 and $139,000 for the six months ended June 30, 2019 and 2018, respectively. The Company recorded reserves for uncollectible rent of $313,000 and $86,000 during the six months ended June 30, 2019 and 2018, respectively. Straight-lining of rent increased Income from real estate operations by $2,619,000 and $2,518,000 for the six months ended June 30, 2019 and 2018, respectively.
Content analysis
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New words:
Altamonte, appeal, arrangement, awaiting, Barbara, BofA, case, comply, court, deeded, Denver, dismissed, dividend, Fort, Greenville, half, imputed, lock, matter, moved, owed, plaintiff, Santa, South
Removed:
Fenner, location, Lynch, Merrill, Pierce, sensitive, Smith
Financial reports
10-Q
2019 Q2
Quarterly report
26 Jul 19
10-Q
2019 Q1
Quarterly report
24 Apr 19
10-K
2018 Q4
Annual report
14 Feb 19
10-Q
2018 Q3
Quarterly report
22 Oct 18
10-Q
2018 Q2
Quarterly report
23 Jul 18
10-Q
2018 Q1
Quarterly report
23 Apr 18
10-K
2017 FY
Annual report
14 Feb 18
10-Q
2017 Q3
Quarterly report
23 Oct 17
10-Q
2017 Q2
Quarterly report
27 Jul 17
10-Q
2017 Q1
Quarterly report
24 Apr 17
Current reports
8-K
Second Quarter 2019 Results
24 Jul 19
8-K
Submission of Matters to a Vote of Security Holders
24 May 19
8-K
First Quarter 2019 Results
22 Apr 19
8-K
Fourth Quarter 2018 Results
6 Feb 19
8-K
Results of Operations and Financial Condition
18 Oct 18
8-K
Departure of Directors or Certain Officers
2 Oct 18
8-K
Results of Operations and Financial Condition
19 Jul 18
8-K
Entry into a Material Definitive Agreement
14 Jun 18
8-K
Submission of Matters to a Vote of Security Holders
30 May 18
8-K
Results of Operations and Financial Condition
19 Apr 18
Registration and prospectus
424B5
Prospectus supplement for primary offering
15 Feb 18
424B5
Prospectus supplement for primary offering
6 Mar 17
S-3ASR
Automatic shelf registration
6 Mar 17
424B5
Prospectus supplement for primary offering
19 Feb 14
S-3ASR
Automatic shelf registration
14 Feb 14
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Feb 14
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Feb 14
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Feb 14
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Feb 14
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Feb 14
Proxies
DEFA14A
Additional proxy soliciting materials
12 Apr 19
DEF 14A
Definitive proxy
12 Apr 19
DEF 14A
Definitive proxy
13 Apr 18
DEFA14A
Additional proxy soliciting materials
13 Apr 18
DEF 14A
Definitive proxy
31 Mar 17
DEFA14A
Additional proxy soliciting materials
31 Mar 17
DEFA14A
Additional proxy soliciting materials
19 May 16
DEFA14A
Additional proxy soliciting materials
14 Apr 16
DEF 14A
Definitive proxy
14 Apr 16
DEF 14A
Definitive proxy
17 Apr 15
Other
UPLOAD
Letter from SEC
7 Jul 15
CORRESP
Correspondence with SEC
6 Jul 15
UPLOAD
Letter from SEC
1 Jul 15
UPLOAD
Letter from SEC
27 Apr 12
CORRESP
Correspondence with SEC
26 Apr 12
UPLOAD
Letter from SEC
16 Apr 12
UPLOAD
Letter from SEC
22 Jul 10
CORRESP
Correspondence with SEC
2 Jul 10
UPLOAD
Letter from SEC
23 Jun 10
CERTNYS
Certification of approval for NYSE listing
1 Jul 03