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EGP Eastgroup Properties

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 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

17 Feb 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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) 21K 21K 21K 21K 21K 21K
Cash burn (monthly) (positive/no burn) 16.92K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 60.41K n/a n/a n/a n/a
Cash remaining n/a -39.41K n/a n/a n/a n/a
Runway (months of cash) n/a -2.3 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
25 Feb 21 Loeb Marshall A Common Stock Grant Aquire A No No 0 3,907 0 98,081
25 Feb 21 Wood Brent Common Stock Grant Aquire A No No 0 1,421 0 99,871
25 Feb 21 Coleman John F Common Stock Grant Aquire A No No 0 785 0 97,239
25 Feb 21 Staci H. Tyler Common Stock Grant Aquire A No No 0 342 0 8,596
25 Feb 21 Collins Ryan M Common Stock Grant Aquire A No No 0 626 0 10,986

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

92.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 309 297 +4.0%
Opened positions 51 43 +18.6%
Closed positions 39 34 +14.7%
Increased positions 101 97 +4.1%
Reduced positions 105 112 -6.3%
13F shares
Current Prev Q Change
Total value 5.07B 4.74B +7.1%
Total shares 36.65M 36.6M +0.1%
Total puts 0 2.2K EXIT
Total calls 8.2K 2.4K +241.7%
Total put/call ratio 0.9
Largest owners
Shares Value Change
BLK Blackrock 5.63M $777.45M +4.2%
Vanguard 5.62M $776.36M +1.8%
TROW T. Rowe Price 2.59M $357.08M -1.4%
JPM JPMorgan Chase & Co. 2.16M $298.42M -10.8%
STT State Street 2M $277.9M +1.1%
DB Deutsche Bank AG - Registered Shares 1.1M $152.01M -12.7%
Brown Advisory 944.05K $130.34M +7.0%
NTRS Northern Trust 778.61K $107.5M -1.4%
Dimensional Fund Advisors 775.27K $107.03M +6.4%
Geode Capital Management 719.85K $99.38M -4.1%
Largest transactions
Shares Bought/sold Change
BAM Brookfield Asset Management 0 -486.09K EXIT
GS Goldman Sachs 659.9K +460.5K +230.9%
Norges Bank 434.87K +434.87K NEW
SAMG Silvercrest Asset Management 281.79K -281.54K -50.0%
JPM JPMorgan Chase & Co. 2.16M -262.69K -10.8%
BLK Blackrock 5.63M +228.67K +4.2%
DB Deutsche Bank AG - Registered Shares 1.1M -160.43K -12.7%
CGM Trust 0 -160K EXIT
Nuveen Asset Management 456.62K -136.39K -23.0%
Voya Investment Management 50.45K -132.12K -72.4%

Financial report summary

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Management Discussion
  • •PNOI increased by $21,792,000 ($0.55 per diluted share) for 2020 as compared to 2019.  PNOI increased $15,941,000 from newly developed and value-add properties, $5,505,000 from 2019 and 2020 acquisitions and $4,062,000 from same property operations; PNOI decreased $3,706,000 from operating properties sold in 2019 and 2020. For the year 2020, lease termination fee income was $709,000 compared to $1,336,000 for 2019.  The Company recorded reserves for uncollectible rent of $2,763,000 in 2020 and $448,000 in 2019. Straight-lining of rent increased PNOI by $4,888,000 and $4,985,000 in 2020 and 2019, respectively.
  • •EastGroup recognized gains on sales of real estate investments of $13,145,000 ($0.33 per diluted share) compared to $41,068,000 ($1.09 per diluted share) during 2019.
  • •Depreciation and amortization expense increased by $11,635,000 ($0.30 per diluted share) during 2020 compared to 2019.
Content analysis
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Constraining
Legalese
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Readability
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