Last $60.73 USD
Change Today -0.20 / -0.33%
Volume 285.8K
EGP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

eastgroup properties inc (EGP) Snapshot

Open
$60.73
Previous Close
$60.93
Day High
$61.44
Day Low
$60.36
52 Week High
06/9/14 - $66.24
52 Week Low
12/18/13 - $56.25
Market Cap
1.9B
Average Volume 10 Days
129.7K
EPS TTM
$1.12
Shares Outstanding
31.6M
EX-Date
09/17/14
P/E TM
54.2x
Dividend
$2.28
Dividend Yield
3.60%
Current Stock Chart for EASTGROUP PROPERTIES INC (EGP)

eastgroup properties inc (EGP) Related Bloomberg News

View More Bloomberg News

eastgroup properties inc (EGP) Related Businessweek News

No Related Businessweek News Found

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 Announces Quarterly Dividend Payable on September 30, 2014

EastGroup Properties announced that its board of directors approved a 5.6% increase in its quarterly dividend, raising it to $0.57 per share from $0.54 per share. The dividend is payable on September 30, 2014 to shareholders of record of Common Stock on September 19, 2014. This dividend is the 139th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $2.28 per share. EastGroup has increased or maintained its dividend for 22 consecutive years and increased it 19 years over that period.

EastGroup Properties Inc. Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014

EastGroup Properties Inc. Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014 . Venue: Four Seasons Hotel, Chicago, Illinois, United States.

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.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
EGP:US $60.73 USD -0.20

EGP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Aviv REIT Inc $27.39 USD -0.08
Glimcher Realty Trust $13.68 USD +0.05
Government Properties Income Trust $22.89 USD -0.05
Ramco-Gershenson Properties Trust $16.80 USD +0.13
Sovran Self Storage Inc $74.41 USD +0.08
View Industry Companies
 

Industry Analysis

EGP

Industry Average

Valuation EGP Industry Range
Price/Earnings 54.5x
Price/Sales 9.0x
Price/Book 3.6x
Price/Cash Flow 18.6x
TEV/Sales 4.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact EASTGROUP PROPERTIES INC, please visit www.eastgroup.net. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.