EGP Eastgroup Properties Dashboard

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

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 • AGNC Investment • VEREIT • Vornado Realty • Simon Property • Healthpeak Properties • Erp Operating LTD Partnership • Equity Residential Properties Trust • Prologis • Weyerhaeuser ...

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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EastGroup Properties Q2 FFO $1.47 Up From $1.33 YoY

27 Jul 21

EastGroup Properties (NYSE:EGP) reported quarterly earnings of $1.47 per share. This is a 10.53 percent increase over earnings of $1.33 per share from the same period last year.

Earnings Scheduled For July 27, 2021

27 Jul 21

Companies Reporting Before The Bell • Navios Maritime Partners (NYSE:NMM) is projected to report quarterly earnings at $2.93 per share on revenue of $146.03 million.

Stocks That Hit 52-Week Highs On Friday

16 Jul 21

During Friday's morning trading, 90 companies set new 52-week highs.

What 7 Analyst Ratings Have To Say About EastGroup Properties

15 Jul 21

Morgan Stanley Maintains Equal-Weight on EastGroup Properties, Raises Price Target to $160

15 Jul 21

Press releases

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EastGroup Properties Announces Second Quarter 2021 Results

27 Jul 21

JACKSON, Miss., July 27, 2021 /PRNewswire/ -- Second Quarter 2021 Results Net Income Attributable to

EastGroup Properties Announces Sustainability Updates Including Renewal of Credit Facility

26 Jul 21

JACKSON, Miss., July 26, 2021 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) (the "Company" or "EastGroup") announced today an update on the Company's continued sustainability efforts,

EastGroup Properties Announces Second Quarter 2021 Earnings Conference Call and Webcast

2 Jul 21

JACKSON, Miss., July 2, 2021 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) announced today that it will hold its Second Quarter Earnings Conference Call and Webcast on Wednesday, July 28, 2021 at 11:00 A.M. Eastern

EastGroup Properties Announces Presentation at the Nareit REITweek: 2021 Investor Conference

7 Jun 21

EastGroup Properties Announces Recent Business Activity

1 Jun 21

Calendar

29 Apr 21

28 Jul 21

31 Dec 21

Financial summary

Financial statements Chart EGP financial data

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

Recent insider trades

EGP insider ownership history Insider history

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

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

Institutional ownership Q1 2021

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.

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%

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

Financial report summary

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Bad

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From filing 10-Q 2021 Q1