EGP Eastgroup Properties Dashboard

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 Loeb

Incorporated

Maryland

Location

Mississippi

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • Brookfield Property REIT • Simon Property • VEREIT • Erp Operating LTD Partnership • Equity Residential Properties Trust • Prologis • AGNC Investment • Boston Properties • Boston Properties LTD Partnership ...

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

News

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BTIG Maintains Buy on EastGroup Properties, Raises Price Target to $164

16 Apr 21

BTIG analyst Thomas Catherwood maintains EastGroup Properties (NYSE:EGP) with a Buy and raises the price target from $158 to $164.

10 Biggest Price Target Changes For Wednesday

31 Mar 21

UBS boosted the price target on Apple Inc. (NASDAQ: AAPL) from $115 to $142. Apple shares rose 1.6% to $121.79 in pre-market trading.

Wells Fargo Maintains Equal-Weight on EastGroup Properties, Raises Price Target to $148

31 Mar 21

Wells Fargo maintains EastGroup Properties (NYSE:EGP) with a Equal-Weight and raises the price target from $138 to $148.

EastGroup Properties Q4 FFO $1.38 Up From $1.27 YoY, Sales $92.67M Miss $93.01M Estimate

9 Feb 21

Earnings Scheduled For February 9, 2021

9 Feb 21

Press releases

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EastGroup Properties Announces First Quarter 2021 Earnings Conference Call and Webcast

29 Mar 21

JACKSON, Miss., March 29, 2021 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) announced today that it will hold its First Quarter Earnings Conference Call and Webcast on Wednesday, April 28, 2021 at 11:00 A.M. Eastern

EastGroup Properties Announces 165th Consecutive Quarterly Cash Dividend

5 Mar 21

JACKSON, Miss., March 5, 2021 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) announced today that its Board of Directors declared a quarterly cash dividend of $0.79 per share payable on April 15, 2021 to shareholders of

EastGroup Properties, Inc. to Host Earnings Call

10 Feb 21

NEW YORK, NY / ACCESSWIRE / February 10, 2021 / EastGroup Properties, Inc. (NYSE:EGP) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 10, 2021 at 11:00 AM

EastGroup Properties Announces Fourth Quarter and Year 2020 Results

9 Feb 21

EastGroup Properties Announces Passing of Chairman Emeritus of the Board, Leland R. Speed

29 Jan 21

Calendar

17 Feb 21

17 Apr 21

31 Dec 21

Financial summary

Financial statements Chart EGP financial data

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

Recent insider trades

EGP insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
25 Feb 21	Loeb Marshall A	Common Stock	Grant	Aquire A	No	No	3,907	98,081
25 Feb 21	Wood Brent	Common Stock	Grant	Aquire A	No	No	1,421	99,871
25 Feb 21	Coleman John F	Common Stock	Grant	Aquire A	No	No	785	97,239
25 Feb 21	Staci H. Tyler	Common Stock	Grant	Aquire A	No	No	342	8,596
25 Feb 21	Collins Ryan M	Common Stock	Grant	Aquire A	No	No	626	10,986

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

EGP institutional ownership history Ownership history

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%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

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
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From filing 10-K 2020 FY