EGP EastGroup Properties, Inc.

All EGP filings Filing statistics SEC

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

NYSE

Website

www.eastgroup.net

CEO

Marshall A. Loeb

Incorporated in

Maryland

Location

Mississippi

Fiscal year end

Dec 31

Sector

Finance > Real Estate Investment Trusts

Industry (SEC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • Brookfield Property Reit • Welltower • Prologis • Vereit • Two Harbors Investment • Invesco Mortgage Capital • Vornado Realty ...

Former names

Eastgroup Properties, Eastgroup Properties Ii Inc

SEC CIK

0000049600

Corporate docs

Articles of Incorporation & Bylaws

IRS number

132711135

EGP stock data

S&P 500

1M 1Y 2Y 5Y

Company financial data Financial data

Chart EGP financial data

Quarter (USD)	Sep 19	Jun 19	Mar 19	Dec 18
Revenue	83.94M	82.1M	78.8M	77.98M
Net income	22.57M	26.95M	22.53M	18.56M
Diluted EPS	0.6	0.73	0.62	0.51
Net profit margin	26.89%	32.83%	28.59%	23.80%
Operating income				27.72M
Net change in cash	-196K			117K
Cash on hand	130K	326K		374K

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 $18,234,000 ($0.49 per diluted share), or 11.6%, for the nine months ended September 30, 2019, as compared to the same period of 2018. PNOI increased $8,853,000 from newly developed and value-add properties, $6,776,000 from same property operations and $3,423,000 from 2018 and 2019 acquisitions; PNOI decreased $943,000 from operating properties sold in 2018 and 2019. Lease termination fee income was $1,019,000 and $173,000 for the nine months ended September 30, 2019 and 2018, respectively. The Company recorded reserves for uncollectible rent of $339,000 and $282,000 during the nine months ended September 30, 2019 and 2018, respectively. Straight-lining of rent increased Income from real estate operations by $3,789,000 and $3,950,000 for the nine months ended September 30, 2019 and 2018, respectively.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: added, analyzing, answer, argument, Arlington, aware, back, cease, Centre, commitment, deferred, embedded, equivalent, FCA, Francisco, Grand, Las, magnified, Mesa, motion, oral, organized, Otay, pool, prolonged, render, reply, Rocky, serve, Southpointe, sudden, sufficient, Tech, tied, unavailable, uncertainty, understanding, York, Yosemite

Removed: achieve, combination, define, influencing, meaningful, recover

From filing 10-Q 2019 Q3