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

4 May 20
7 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 88.63M 86.55M 83.94M 82.1M
Net income 23.3M 51.28M 22.58M 26.95M
Diluted EPS 0.6 1.28 0.6 0.73
Net profit margin 26.29% 59.25% 26.89% 32.82%
Net change in cash 447K 94K -196K -1.51M
Cash on hand 671K 224K 130K 326K
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 331.39M 300.39M 274.15M 253.05M
Net income 123.34M 88.64M 83.59M 96.09M
Diluted EPS 3.24 2.49 2.44 2.93
Net profit margin 37.22% 29.51% 30.49% 37.97%
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

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
29 May 20 Leland R Speed Common Stock Grant Aquire A No 0 932 0 176,880
29 May 20 Eaves Hayden C Iii Common Stock Grant Aquire A No 0 932 0 10,672
29 May 20 Aloian D Pike Common Stock Grant Aquire A No 0 932 0 29,332
29 May 20 Hoster David H Ii Common Stock Grant Aquire A No 0 932 0 168,578
29 May 20 Bolton H Eric JR Common Stock Grant Aquire A No 0 932 0 11,932
92.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 273 293 -6.8%
Opened positions 32 39 -17.9%
Closed positions 52 38 +36.8%
Increased positions 105 108 -2.8%
Reduced positions 92 93 -1.1%
13F shares
Current Prev Q Change
Total value 36.24B 53.66B -32.5%
Total shares 36.05M 36.02M +0.1%
Total puts 7.3K 0 NEW
Total calls 14.7K 0 NEW
Total put/call ratio 0.5
Largest owners
Shares Value Change
Vanguard 6M $627.33M +0.2%
BLK BlackRock 5.81M $607.31M -2.5%
N Price T Rowe Associates 2.64M $275.78M -1.1%
JPM JPMorgan Chase & Co. 2.37M $247.12M -0.5%
STT State Street 2.21M $232.77M +3.7%
IVZ Invesco 1.35M $140.93M +2.5%
Charles Schwab Investment Management 846.03K $88.39M +16.8%
DB Deutsche Bank 801.11K $83.7M +4.3%
NTRS Northern Trust 798.8K $83.46M +2.6%
Geode Capital Management 762.67K $79.68M +8.9%
Largest transactions
Shares Bought/sold Change
Brown Advisory 650.96K +650.96K NEW
Norges Bank 0 -445.73K EXIT
Ajo 347.15K +258.48K +291.5%
Nuveen Asset Management 600.88K -186.69K -23.7%
Balyasny Asset Management 44.59K -168.24K -79.0%
BLK BlackRock 5.81M -146.55K -2.5%
SF Stifel Financial 23.13K -130.66K -85.0%
SAMG Silvercrest Asset Management 664.21K -130.26K -16.4%
Charles Schwab Investment Management 846.03K +121.62K +16.8%
FDx Advisors 112.75K +112.75K NEW

Financial report summary

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Risks
  • Pandemics, such as COVID-19, and mitigation efforts to control the spread of such disease have impacted and are expected to continue to impact our business, and our financial condition, results of operations and cash flows could be adversely affected by factors relating to such pandemics.
Management Discussion
  • EastGroup signed 38 leases with free rent concessions on 1,149,000 square feet during the three months ended March 31, 2020, with total free rent concessions of $1,580,000 over the lives of the leases. During the same period of 2019, the Company signed 40 leases with free rent concessions on 1,288,000 square feet with total free rent concessions of $1,630,000 over the lives of the leases.
  • The Company’s percentage of leased square footage was 97.3% at March 31, 2020, compared to 97.7% at March 31, 2019.  Occupancy at March 31, 2020 was 96.7% compared to 96.9% at March 31, 2019.
  • 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, 2019 through March 31, 2020). Same property average occupancy for the three months ended March 31, 2020, was 97.0% compared to 96.8% for the same period of 2019.
Content analysis ?
Positive
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Uncertain
Constraining
Legalese
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