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EGP Eastgroup Properties

EastGroup Properties, Inc., an S&P MidCap 400 company, 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 goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 47 million square feet.

Company profile

Ticker
EGP
Exchange
CEO
Marshall Loeb
Employees
Incorporated
Location
Fiscal year end
Former names
EASTGROUP PROPERTIES, EASTGROUP PROPERTIES II INC
SEC CIK
IRS number
132711135

EGP stock data

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Calendar

29 Apr 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 68K 68K 68K 68K 68K 68K
Cash burn (monthly) (positive/no burn) 50.25K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 196.55K n/a n/a n/a n/a
Cash remaining n/a -128.55K n/a n/a n/a n/a
Runway (months of cash) n/a -2.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Jun 21 Aloian D Pike Common Stock Grant Aquire A No No 0 638 0 29,970
4 Jun 21 Bolton H Eric JR Common Stock Grant Aquire A No No 0 638 0 12,570
4 Jun 21 Colleran Donald F Common Stock Grant Aquire A No No 0 638 0 4,217
4 Jun 21 Mary E McCormick Common Stock Grant Aquire A No No 0 638 0 21,095
4 Jun 21 Sandstrom Katherine M Common Stock Grant Aquire A No No 0 638 0 1,572

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

91.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 302 309 -2.3%
Opened positions 33 51 -35.3%
Closed positions 40 39 +2.6%
Increased positions 98 101 -3.0%
Reduced positions 112 105 +6.7%
13F shares
Current Prev Q Change
Total value 5.23B 5.08B +2.9%
Total shares 36.47M 36.73M -0.7%
Total puts 0 0
Total calls 3.1K 8.2K -62.2%
Total put/call ratio
Largest owners
Shares Value Change
Vanguard 5.8M $830.6M +3.1%
BLK Blackrock 5.7M $816.29M +1.2%
TROW T. Rowe Price 2.71M $388.31M +4.8%
JPM JPMorgan Chase & Co. 2.43M $348.67M +12.6%
STT State Street 1.99M $286.21M -0.7%
DB Deutsche Bank AG - Registered Shares 1.07M $153.08M -3.0%
Brown Advisory 977.64K $140.08M +3.6%
Eaton Vance Management 969.75K $138.95M +41.8%
Dimensional Fund Advisors 764.42K $109.53M -1.4%
NTRS Northern Trust 762.92K $109.31M -2.0%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -434.87K EXIT
Eaton Vance Management 969.75K +285.7K +41.8%
JPM JPMorgan Chase & Co. 2.43M +271.97K +12.6%
Carillon Tower Advisers 0 -214.06K EXIT
Vanguard 5.8M +173.66K +3.1%
Capital Growth Management 0 -150K EXIT
Citadel Advisors 140.98K +124.96K +780.2%
TROW T. Rowe Price 2.71M +123.76K +4.8%
Balyasny Asset Management 219.45K +108.92K +98.5%
MCQEF Macquarie 480.76K -87.75K -15.4%

Financial report summary

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Management Discussion
  • •PNOI increased by $7,368,000 ($0.19 per diluted share), or 11.7%, for the three months ended March 31, 2021, as compared to the same period of 2020. PNOI increased $3,914,000 from same property operations, $3,057,000 from newly developed and value-add properties and $643,000 from 2020 acquisitions; PNOI decreased $234,000 from operating properties sold in 2020. Lease termination fee income was $576,000 and $444,000 for the three month periods ended March 31, 2021 and 2020, respectively. The Company recorded net recoveries for uncollectible rent of $78,000 and net reserves for uncollectible rent of $495,000 for the three months ended March 31, 2021 and 2020, respectively. Straight-lining of rent increased Income from real estate operations by $1,875,000 and $1,290,000 for the three months ended March 31, 2021 and 2020, respectively.
Content analysis
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Positive
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Readability
H.S. sophomore Bad
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