Company profile

Ticker
EGP
Exchange
CEO
Marshall A. Loeb
Employees
Incorporated in
Location
Fiscal year end
Former names
Eastgroup Properties, Eastgroup Properties Ii Inc
SEC CIK
IRS number
132711135

EGP stock data

(
)

Calendar

25 Oct 19
16 Dec 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 83.94M 82.1M 78.8M 77.98M
Net income 22.57M 26.95M 22.53M 18.56M
Diluted EPS 0.6 0.73 0.62 0.51
Net profit margin 26.89% 32.83% 28.59% 23.80%
Operating income 27.72M
Net change in cash -196K 117K
Cash on hand 130K 326K 374K
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 300.39M 274.15M 253.05M 235.01M
Net income 88.51M 83.18M 95.51M 47.87M
Diluted EPS 2.49 2.44 2.93 1.49
Net profit margin 29.46% 30.34% 37.74% 20.37%
Operating income 108.56M 95.2M 87.37M 79.06M
Net change in cash 358K -506K 474K 37K
Cash on hand 374K 16K 522K 48K

Financial data from company earnings reports

Financial report summary

?
Management Discussion
  • PNOI increased by $18,234,000 ($0.49 per diluted share), or 11.6%, for the nine months ended September 30, 2019, as compared to the same period of 2018. PNOI increased $8,853,000 from newly developed and value-add properties, $6,776,000 from same property operations and $3,423,000 from 2018 and 2019 acquisitions; PNOI decreased $943,000 from operating properties sold in 2018 and 2019. Lease termination fee income was $1,019,000 and $173,000 for the nine months ended September 30, 2019 and 2018, respectively. The Company recorded reserves for uncollectible rent of $339,000 and $282,000 during the nine months ended September 30, 2019 and 2018, respectively. Straight-lining of rent increased Income from real estate operations by $3,789,000 and $3,950,000 for the nine months ended September 30, 2019 and 2018, respectively.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: added, analyzing, answer, argument, Arlington, aware, back, cease, Centre, commitment, deferred, embedded, equivalent, FCA, Francisco, Grand, Las, magnified, Mesa, motion, oral, organized, Otay, pool, prolonged, render, reply, Rocky, serve, Southpointe, sudden, sufficient, Tech, tied, unavailable, uncertainty, understanding, York, Yosemite
Removed: achieve, combination, define, influencing, meaningful, recover