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EGP EastGroup Properties, Inc.

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 A. Loeb
Employees
Incorporated in
Maryland
Location
Mississippi
Fiscal year end
Dec 31
Sector
Finance > Real Estate Investment Trusts
Industry (SEC)
Real Estate Investment Trusts
Annaly Capital Management • AGNC Investment • Simon Property • Brookfield Property Reit • Vereit • Healthpeak Properties • Crown Castle International • Two Harbors Investment • Vornado Realty • Boston Properties ...
Former names
Eastgroup Properties, Eastgroup Properties Ii Inc
SEC CIK
0000049600
Corporate docs
IRS number
132711135

EGP stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

13 Feb 20
4 Apr 20
31 Dec 20

News

Company financial data Financial data

Chart EGP financial data
Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 86.55M 83.94M 82.1M 78.8M
Net income 49.61M 22.57M 26.95M 22.53M
Diluted EPS 1.28 0.6 0.73 0.62
Net profit margin 57.32% 26.89% 32.83% 28.59%
Operating income
Net change in cash 94K -196K
Cash on hand 224K 130K 326K
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 331.39M 300.39M 274.15M 253.05M
Net income 121.66M 88.51M 83.18M 95.51M
Diluted EPS 3.24 2.49 2.44 2.93
Net profit margin 36.71% 29.46% 30.34% 37.74%
Operating income 108.56M 95.2M 87.37M
Net change in cash -150K 358K -506K 474K
Cash on hand 224K 374K 16K 522K

Financial data from company earnings reports

Recent insider trades

EGP insider ownership history Insider history
Date Owner Security Transaction Code $Price #Shares $Value #Remaining
6 Mar 20 Corkern Bruce Common Stock Grant Aquire A 0 73 0 63,793
6 Mar 20 Coleman John F Common Stock Grant Aquire A 0 789 0 100,755
6 Mar 20 Dunbar Richard Reid Common Stock Grant Aquire A 0 724 0 10,841
6 Mar 20 Collins Ryan M Common Stock Grant Aquire A 0 632 0 8,501
6 Mar 20 Wood Brent Common Stock Grant Aquire A 0 1,436 0 95,779
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2019

EGP institutional ownership history Ownership history
92.5% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 291 292 -0.3%
Opened positions 38 37 +2.7%
Closed positions 39 29 +34.5%
Increased positions 108 110 -1.8%
Reduced positions 93 84 +10.7%
13F shares
 Current Prev Q Change
Total value 54.84B 29.31B +87.1%
Total shares 36.02M 34.87M +3.3%
Total puts 0 0 –
Total calls 0 0 –
Total put/call ratio – – –
Largest owners
 Shares Value Change
Vanguard 6M $795.4M +2.7%
BLK BlackRock 5.96M $790.61M -0.8%
N Price T Rowe Associates 2.67M $354.15M -5.4%
JPM JPMorgan Chase & Co. 2.38M $315.43M -1.5%
STT State Street 2.13M $284.63M -6.2%
IVZ Invesco 1.32M $174.61M -0.2%
SAMG Silvercrest Asset Management 794.46K $105.4M +0.4%
Nuveen Asset Management 787.57K $104.49M -10.5%
NTRS Northern Trust 778.27K $103.25M +1.3%
DB Deutsche Bank 768.45K $101.95M +841.5%
Largest transactions
 Shares Bought/sold Change
DB Deutsche Bank 768.45K +686.83K +841.5%
Norges Bank 445.73K +445.73K NEW
Voya Investment Management 145.47K -292.14K -66.8%
Weiss Multi-Strategy Advisers 0 -212.79K EXIT
Russell Investments 213.27K +206.17K +2904.2%
Balyasny Asset Management 212.83K +185K +664.6%
Vanguard 6M +155.69K +2.7%
N Price T Rowe Associates 2.67M -151.44K -5.4%
STT State Street 2.13M -141.61K -6.2%
MCQEF Macquarie 603.51K -113.53K -15.8%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Management Discussion
  • EastGroup signed 160 leases with certain free rent concessions on 4,281,000 square feet during 2019 with total free rent concessions of $6,114,000 over the lives of the leases, compared to 132 leases with free rent concessions on 3,800,000 square feet with total free rent concessions of $5,944,000 over the lives of the leases in 2018.
  • The Company’s percentage of leased square footage was 97.6% at December 31, 2019, compared to 97.3% at December 31, 2018.  Occupancy at the end of 2019 was 97.1% compared to 96.8% at December 31, 2018.
  • Same property average occupancy represents the average month-end percentage of leased square footage for which the lease term has commenced as compared to the total leasable square footage for the same operating properties owned during the entire current and prior year reporting periods (January 1, 2018 through December 31, 2019). Same property average occupancy for the year ended December 31, 2019, was 96.9% compared to 96.3% for 2018.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: absence, added, adjacent, Altamonte, analyzing, appeal, Arlington, back, BofA, built, catastrophic, cease, Centre, certification, communicated, communicating, communication, culture, Denver, deregistered, dismissed, domain, EBITDAre, embedded, eminent, extremely, FCA, Fort, Francisco, fundamental, good, Grand, Greenville, honesty, implicit, incidental, incremental, inline, Interactive, interpretation, judgment, Label, Linkbase, magnified, mentioned, Mesa, Miramar, notification, opt, Otay, outdoor, Paper, Plaintiff, premise, prolonged, reassessment, Rocky, Southpointe, sudden, susceptible, taxonomy, Tech, tied, unanticipated, unavailable, uncollectible, unsold, weather, White, workforce, Yosemite
Removed: accept, acquirer, affiliate, appraisal, borrowed, Castilian, category, challenge, clarifying, complied, define, Department, depreciable, derived, Dominguez, duty, entitle, exempted, exit, expired, eXtensible, extinguishment, Flagler, foregoing, Fredric, Ft, Gould, hypothetical, ineffective, influencing, interested, Kingsview, Language, Lauderdale, limitation, Lockwood, lodging, Loop, meaningful, measuring, Northwest, notion, Notwithstanding, Parc, past, percent, permanently, person, Plaza, presumption, promised, prospectively, quantifying, recommend, redeem, render, Research, retroactively, scope, scrutiny, seeking, Shaw, South, Sr, statutory, Subtopic, technical, voting, Walnut, Washington, West, Weston, withhold, Worth
From filing 10-K 2019 FY

Financial reports

View all
10-K
2019 FY
Annual report
13 Feb 20
10-Q
2019 Q3
Quarterly report
25 Oct 19
10-Q
2019 Q2
Quarterly report
26 Jul 19
10-Q
2019 Q1
Quarterly report
24 Apr 19
10-K
2018 Q4
Annual report
14 Feb 19
10-Q
2018 Q3
Quarterly report
22 Oct 18
10-Q
2018 Q2
Quarterly report
23 Jul 18
10-Q
2018 Q1
Quarterly report
23 Apr 18
10-K
2017 FY
Annual report
14 Feb 18
10-Q
2017 Q3
Quarterly report
23 Oct 17

Current reports

View all
8-K
Fourth Quarter 2019 Results
6 Feb 20
8-K
Other Events
20 Dec 19
8-K
Departure of Directors or Certain Officers
9 Dec 19
8-K
Third Quarter 2019 Results
23 Oct 19
8-K
Second Quarter 2019 Results
24 Jul 19
8-K
Submission of Matters to a Vote of Security Holders
24 May 19
8-K
First Quarter 2019 Results
22 Apr 19
8-K
Fourth Quarter 2018 Results
6 Feb 19
8-K
Results of Operations and Financial Condition
18 Oct 18
8-K
Departure of Directors or Certain Officers
2 Oct 18

Registration and prospectus

View all
424B5
Prospectus supplement for primary offering
20 Dec 19
S-3ASR
Automatic shelf registration
20 Dec 19
424B5
Prospectus supplement for primary offering
15 Feb 18
424B5
Prospectus supplement for primary offering
6 Mar 17
S-3ASR
Automatic shelf registration
6 Mar 17
424B5
Prospectus supplement for primary offering
19 Feb 14
S-3ASR
Automatic shelf registration
14 Feb 14
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Feb 14
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Feb 14
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Feb 14

Proxies

View all
DEFA14A
Additional proxy soliciting materials
12 Apr 19
DEF 14A
Definitive proxy
12 Apr 19
DEF 14A
Definitive proxy
13 Apr 18
DEFA14A
Additional proxy soliciting materials
13 Apr 18
DEF 14A
Definitive proxy
31 Mar 17
DEFA14A
Additional proxy soliciting materials
31 Mar 17
DEFA14A
Additional proxy soliciting materials
19 May 16
DEF 14A
Definitive proxy
14 Apr 16
DEFA14A
Additional proxy soliciting materials
14 Apr 16
DEF 14A
Definitive proxy
17 Apr 15

Other

View all
UPLOAD
Letter from SEC
7 Jul 15
CORRESP
Correspondence with SEC
6 Jul 15
UPLOAD
Letter from SEC
1 Jul 15
UPLOAD
Letter from SEC
27 Apr 12
CORRESP
Correspondence with SEC
26 Apr 12
UPLOAD
Letter from SEC
16 Apr 12
UPLOAD
Letter from SEC
22 Jul 10
CORRESP
Correspondence with SEC
2 Jul 10
UPLOAD
Letter from SEC
23 Jun 10
CERTNYS
Certification of approval for NYSE listing
1 Jul 03

Ownership

View all
4
EASTGROUP PROPERTIES / MARSHALL A LOEB ownership change
9 Mar 20
4
EASTGROUP PROPERTIES / BRENT WOOD ownership change
9 Mar 20
4
EASTGROUP PROPERTIES / Ryan M Collins ownership change
9 Mar 20
4
EASTGROUP PROPERTIES / Richard Reid Dunbar ownership change
9 Mar 20
4
EASTGROUP PROPERTIES / JOHN F COLEMAN ownership change
9 Mar 20
4
EASTGROUP PROPERTIES / BRUCE CORKERN ownership change
9 Mar 20
5
EASTGROUP PROPERTIES / LELAND R SPEED ownership change
6 Mar 20
4
EASTGROUP PROPERTIES / BRUCE CORKERN ownership change
18 Feb 20
4
EASTGROUP PROPERTIES / Ryan M Collins ownership change
18 Feb 20
4
EASTGROUP PROPERTIES / JOHN F COLEMAN ownership change
18 Feb 20