Last €46.35 EUR
Change Today -0.207 / -0.44%
Volume 0.0
EGO On Other Exchanges
Symbol
Exchange
New York
As of 9:45 AM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

eastgroup properties inc (EGO) Snapshot

Open
€46.47
Previous Close
€46.56
Day High
€46.47
Day Low
€46.35
52 Week High
06/9/14 - €48.25
52 Week Low
12/16/13 - €40.99
Market Cap
1.5B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
31.6M
EX-Date
06/18/14
P/E TM
--
Dividend
€2.13
Dividend Yield
3.41%
Current Stock Chart for EASTGROUP PROPERTIES INC (EGO)

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eastgroup properties inc (EGO) Details

EastGroup Properties, Inc., a real estate investment trust (REIT), focuses on the development, acquisition, and operation of industrial properties in the United States. As of December 31, 2007, it owned 202 industrial properties and 1 office building, as well as approximately 1.7 million square feet properties in Florida, Texas, Arizona, and California. The company has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income tax purposes, provided it distributes at least 90% of its REIT taxable income to its shareholders. EastGroup Properties, Inc. was founded in 1969 and is headquartered in Jackson, Mississippi.

70 Employees
Last Reported Date: 02/14/14
Founded in 1969

eastgroup properties inc (EGO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $590.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $350.0K
Senior Vice President
Total Annual Compensation: $340.0K
Senior Vice President
Total Annual Compensation: $340.0K
Senior Vice President
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2013.

eastgroup properties inc (EGO) Key Developments

EastGroup Properties Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year 2014

EastGroup Properties Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of USD 53,819,000 compared to USD 49,096,000 a year ago. Operating income was USD 17,922,000 compared to USD 16,217,000 a year ago. Net income attributable to the company’s common stockholders was USD 9,118,000 or USD 0.29 per basic and diluted share compared to USD 7,643,000 or USD 0.25 per basic and diluted share a year ago. Income from continuing operations was USD 9,242,000 or USD 0.29 per basic and diluted share compared to USD 7,755,000 or USD 0.25 per basic and diluted share a year ago. Total property net operating income was USD 38,170,000 compared to USD 35,251,000 a year ago. Funds from operations attributable to common stockholders were USD 26,254,000 or USD 0.84 per diluted share compared to USD 23,939,000 or USD 0.80 per diluted share a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) were USD 35,398,000 compared to USD 32,943,000 a year ago. Same property net operating income increased 1.8% for the second quarter of 2014 compared to the same quarter of 2013. Acquisition cost reduced FFO by USD 160,000 for the second quarter. For the six months, the company reported revenues of USD 106,631,000 compared to USD 97,296,000 a year ago. Operating income was USD 35,106,000 compared to USD 31,921,000 a year ago. Net income attributable to the company’s common stockholders was USD 17,490,000 or USD 0.56 per basic and diluted share compared to USD 14,797,000 or USD 0.49 per basic and diluted share a year ago. Income from continuing operations was USD 17,756,000 or USD 0.56 per basic and diluted share compared to USD 15,062,000 or USD 0.49 per basic and diluted share a year ago. Total property net operating income was USD 75,910,000 compared to USD 69,817,000 a year ago. Funds from operations attributable to common stockholders were USD 51,680,000 or USD 1.66 per diluted share compared to USD 46,679,000 or USD 1.56 per diluted share a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) were USD 70,075,000 compared to USD 64,594,000 a year ago. Same property net operating income increased 1.5% for the six months ended June 30, 2014, compared to the same period last year. For the third quarter of 2014, the company expects net income attributable to common stockholders to be in the range of USD 9,976,000 to USD 10,610,000, depreciation and amortization to be in the range of USD 17,469,000 to USD 17,469,000, funds from operations attributable to common stockholders to be in the range of USD 27,445,000 to USD 28,079,000, diluted net income attributable to common stockholders per share to be in the range of USD 0.32 to USD 0.34 and diluted funds from operations attributable to common stockholders per share to be in the range of USD 0.87 to USD 0.89. For the year 2014, the company expects net income attributable to common stockholders to be in the range of USD 38,512,000 to USD 40,398,000, depreciation and amortization to be in the range of USD 69,189,000 to USD 69,189,000, funds from operations attributable to common stockholders to be in the range of USD 107,606,000 to USD 109,492,000, diluted net income attributable to common stockholders per share to be in the range of USD 1.22 to USD 1.28 and diluted funds from operations attributable to common stockholders per share to be in the range of USD 3.42 to USD 3.48, and the midpoint was increased from USD 3.44 to USD 3.45 per share.

EastGroup Properties Inc. to Report Q2, 2014 Results on Jul 17, 2014

EastGroup Properties Inc. announced that they will report Q2, 2014 results at 8:33 PM, US Eastern Standard Time on Jul 17, 2014

EastGroup Properties Inc., Q2 2014 Earnings Call, Jul 18, 2014

EastGroup Properties Inc., Q2 2014 Earnings Call, Jul 18, 2014

 

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EGO

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Valuation EGO Industry Range
Price/Earnings 56.3x
Price/Sales 9.3x
Price/Book 3.7x
Price/Cash Flow 19.2x
TEV/Sales 5.0x
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