Last $64.68 USD
Change Today -0.01 / -0.02%
Volume 118.7K
EGP On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

eastgroup properties inc (EGP) Snapshot

Open
$64.68
Previous Close
$64.69
Day High
$65.01
Day Low
$64.30
52 Week High
06/9/14 - $66.24
52 Week Low
09/3/13 - $54.98
Market Cap
2.0B
Average Volume 10 Days
130.3K
EPS TTM
$1.08
Shares Outstanding
31.3M
EX-Date
06/18/14
P/E TM
59.9x
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 Secures Tenants at its Horizon Commerce Park in Orlando

EastGroup Properties secured three tenants at its Horizon Commerce Park in Orlando, Fla. The company leased 41,157 square feet of space at Building 1 of the park to Anvil International LLC, which is scheduled to occupy the space in July. Also, the company leased 19,824 square feet at Building 1 to Evolve Media Group LLC, which is set to move in by August. In addition, the company signed a lease with Animal Supply Co. for 40,542 square feet at Building 2 of the park. Animal Supply is set to move into the building by September.

EastGroup Properties Declares Quarterly Cash Dividend, Payable on June 30, 2014

EastGroup Properties announced that its Board of Directors declared a quarterly cash dividend of $0.54 per share payable on June 30, 2014 to shareholders of record of common stock on June 20, 2014.

EastGroup Properties Inc. Purchases Ridge Creek Distribution Center IV Building in Southwest Charlotte

EastGroup Properties Inc. has purchased the Ridge Creek Distribution Center IV building in southwest Charlotte from Childress Klein Properties for $14.5 million Ridge Creek IV totals 270,400 square feet. It is the most recent of four buildings developed by Childress Klein in the business park and was mostly speculative when it delivered in late 2012. Following an 81,000-square-foot lease to logistics company Genco, the building is 55% leased, with 120,000 square feet remaining for lease. The building is between Ridge Creek Distribution Centers I and II, which are owned by EastGroup, and the Mississippi-based real estate investment trust has renamed it Ridge Creek Distribution Center III. EastGroup expects to make a total first-year investment of $15.2 million in the building, including capital improvements, leasing commissions and closing costs. The company projects a 7% annualized cash yield when the property reaches 95% occupancy. The purchase increases EastGroup's Charlotte portfolio to 2.6 million, and the company is developing additional properties at its Steele Creek Commerce Park.

 

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Industry Analysis

EGP

Industry Average

Valuation EGP Industry Range
Price/Earnings 59.9x
Price/Sales 9.6x
Price/Book 3.8x
Price/Cash Flow 20.0x
TEV/Sales 5.4x
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