eastgroup properties, inc. 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 florida, texas, arizona, california and north carolina. the company’s strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets.
Company profile
Ticker
EGP
Exchange
Website
CEO
Marshall Loeb
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
EASTGROUP PROPERTIES, EASTGROUP PROPERTIES II INC
SEC CIK
Corporate docs
Subsidiaries
EastGroup Properties General Partners, Inc. • EastGroup Properties Holdings, Inc. • EastGroup TRS, Inc. • EastGroup Properties, LP • EastGroup Property Services, LLC • EastGroup Property Services of Florida, LLC • EastGroup Kearn Creek, LLC • EGP Yosemite Land, LLC • Miramar Industrial, LLC • Otay Enrico Industial, LLC ...
IRS number
132711135
EGP stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
12 Apr 24
DEFA14A
Additional proxy soliciting materials
12 Apr 24
DEF 14A
Definitive proxy
12 Apr 24
10-K
2023 FY
Annual report
14 Feb 24
8-K
Fourth Quarter 2023 Results
7 Feb 24
8-K
Other Events
25 Oct 23
424B5
Prospectus supplement for primary offering
25 Oct 23
10-Q
2023 Q3
Quarterly report
25 Oct 23
8-K
Third Quarter 2023 Results
24 Oct 23
10-Q
2023 Q2
Quarterly report
26 Jul 23
Transcripts
EGP
Earnings call transcript
2023 Q4
8 Feb 24
EGP
Earnings call transcript
2023 Q3
25 Oct 23
EGP
Earnings call transcript
2023 Q2
26 Jul 23
EGP
Earnings call transcript
2023 Q1
26 Apr 23
EGP
Earnings call transcript
2022 Q4
8 Feb 23
EGP
Earnings call transcript
2022 Q3
27 Oct 22
EGP
Earnings call transcript
2022 Q2
27 Jul 22
EGP
Earnings call transcript
2022 Q3
27 Apr 22
EGP
Earnings call transcript
2021 Q4
9 Feb 22
EGP
Earnings call transcript
2021 Q3
27 Oct 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 374.00 k | 374.00 k | 374.00 k | 374.00 k | 374.00 k | 374.00 k |
Cash burn (monthly) | 236.00 k | 372.83 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 1.57 mm | 2.48 mm | n/a | n/a | n/a | n/a |
Cash remaining | -1.20 mm | -2.11 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -5.1 | -5.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
88.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 379 |
Opened positions | 40 |
Closed positions | 35 |
Increased positions | 141 |
Reduced positions | 124 |
13F shares | Current |
---|---|
Total value | 7.02 tn |
Total shares | 42.45 mm |
Total puts | 0.00 |
Total calls | 3.50 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 6.53 mm | $1.09 tn |
BLK Blackrock | 5.09 mm | $847.61 bn |
STT State Street | 2.44 mm | $409.36 bn |
T. Rowe Price Investment Management | 1.99 mm | $330.89 bn |
MS Morgan Stanley | 1.61 mm | $268.41 bn |
FMR | 1.18 mm | $196.90 bn |
JPM JPMorgan Chase & Co. | 1.13 mm | $187.63 bn |
DB Deutsche Bank AG - Registered Shares | 1.04 mm | $173.60 bn |
Nuveen Asset Management | 1.03 mm | $171.15 bn |
T. Rowe Price | 1.01 mm | $167.89 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Feb 24 | Wood Brent | Common Stock | Grant | Acquire A | No | No | 0 | 1,430 | 0.00 | 112,596 |
26 Feb 24 | Loeb Marshall A | Common Stock | Grant | Acquire A | No | No | 0 | 4,103 | 0.00 | 135,442 |
26 Feb 24 | Staci H. Tyler | Common Stock | Grant | Acquire A | No | No | 0 | 450 | 0.00 | 11,406 |
26 Feb 24 | Collins Ryan M | Common Stock | Grant | Acquire A | No | No | 0 | 715 | 0.00 | 17,232 |
26 Feb 24 | Dunbar Richard Reid | Common Stock | Grant | Acquire A | No | No | 0 | 824 | 0.00 | 21,707 |
News
Real Estate Stocks Fall As Mortgage Rates Rise To 4-Month Highs: 'Inflation Is Proving Tougher To Bring Down'
17 Apr 24
JP Morgan Initiates Coverage On EastGroup Props with Neutral Rating, Announces Price Target of $190
11 Apr 24
Mizuho Maintains Neutral on EastGroup Props, Maintains $185 Price Target
2 Apr 24
Where EastGroup Props Stands With Analysts
27 Mar 24
Barclays Initiates Coverage On EastGroup Props with Equal-Weight Rating, Announces Price Target of $181
27 Mar 24
Press releases
EastGroup Properties Announces First Quarter 2024 Earnings Conference Call and Webcast
4 Apr 24
EastGroup Properties Announces First Quarter 2024 Earnings Conference Call and Webcast
4 Apr 24
EastGroup Properties Announces 177th Consecutive Quarterly Cash Dividend
8 Mar 24
EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conference
29 Feb 24
EastGroup Properties Announces Fourth Quarter and Year 2023 Results
7 Feb 24