Last $64.42 USD
Change Today -0.34 / -0.53%
Volume 226.3K
EGP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

eastgroup properties inc (EGP) Snapshot

Open
$64.97
Previous Close
$64.76
Day High
$65.03
Day Low
$64.18
52 Week High
05/22/13 - $66.99
52 Week Low
06/24/13 - $52.47
Market Cap
2.0B
Average Volume 10 Days
209.2K
EPS TTM
$1.08
Shares Outstanding
31.3M
EX-Date
03/19/14
P/E TM
59.6x
Dividend
$2.16
Dividend Yield
3.34%
Current Stock Chart for EASTGROUP PROPERTIES INC (EGP)

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eastgroup properties inc (EGP) 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 (EGP) 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 (EGP) Key Developments

EastGroup Properties Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter and Full Year of 2014

EastGroup Properties Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of total income of $52,812,000 against $48,201,000 a year ago. Operating income was $17,184,000 against $15,704,000 a year ago. Income from continuing operations was $8,514,000 against $7,307,000 a year ago. Net income was $8,154,000 against $7,308,000 a year ago. Net income attributable to holders of the company was $8,372,000 against $7,154,000 a year ago. Diluted earnings per share were $0.27 against $0.24 a year ago. EBITDA was $34,677,000 against $31,651,000 a year ago. Funds from operations attributable to common stockholders per share were $0.82 against $0.76 a year ago. The increase was primarily due to higher property net operating income from occupancy gains and lower G&A cost from capitalization of cost for cost of increased development activity. Funds from operations attributable to common stockholders were $25,426,000 against $22,740,000 a year ago. Property net operating income increased by $3,154,000, or 9.1%, during the first quarter of 2014 compared to the same quarter of 2013. The company announced that FFO per share for 2014 is now estimated to be in the range of $3.39 to $3.49. The company increased the mid-point from $3.42 to $3.44. Diluted EPS for 2014 is estimated to be in the range of $1.20 to $1.30. Projected net income attributable to common stockholders is to be in the range between from $37,785 million to $40,929 million. Depreciation and amortization is to be $68,732 million. Projected FFO is to be in the range between from $106,517 million to $109,661 million. For the second quarter of 2014, the company expects FFO per share is now estimated to be in the range of $0.83 to $0.85. Diluted EPS is estimated to be in the range of $0.28 to $0.30. Projected net income attributable to common stockholders is to be in the range between from $8,784 million to $9,410 million. Depreciation and amortization is to be $17,115 million. Projected FFO is to be in the range between from $25,899 million to $26,525 million.

EastGroup Properties Inc. to Report Q1, 2014 Results on Apr 16, 2014

EastGroup Properties Inc. announced that they will report Q1, 2014 results at 8:33 PM, US Eastern Standard Time on Apr 16, 2014

EastGroup Properties Inc., Q1 2014 Earnings Call, Apr 17, 2014

EastGroup Properties Inc., Q1 2014 Earnings Call, Apr 17, 2014

 

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Industry Analysis

EGP

Industry Average

Valuation EGP Industry Range
Price/Earnings 60.0x
Price/Sales 9.6x
Price/Book 3.9x
Price/Cash Flow 20.0x
TEV/Sales 5.4x
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