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EastGroup Properties (EGP) Company Overview

Profile

Full Name:

EastGroup Properties, Inc.

Industry:

Industrial

Country:

United States

IPO:

October 21, 1983

Indexes:

Not included

Description:

EastGroup Properties, Inc. is a real estate investment fund specializing in the acquisition and operation of industrial properties in the United States. The company was founded in 1969. The headquarters is located in Ridgeland, Mississippi (USA). EastGroup Properties, Inc. manages distribution, retail, and business centers located near major transportation hubs. The company owns approximately 400 real estate properties in 11 "Sunbelt" states such as Florida, Texas, Arizona, California, North Carolina, and others, totaling more than 40 million square feet.

Key Details

Price

$173.38

Annual Revenue

$570.59 M(+17.16% YoY)

Annual EPS

$4.42(+1.38% YoY)

Beta

0.67

Events Calendar

Earnings

Next earnings date:

Feb 6, 2025

Recent quarterly earnings:

Oct 23, 2024

Recent annual earnings:

Feb 6, 2025
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 31, 2024
Splits

Next split:

N/A

Recent split:

Apr 8, 1997

Analyst ratings

Recent major analysts updates

Jan 14, 25 Deutsche Bank
Buy
Dec 30, 24 Morgan Stanley
Equal-Weight
Dec 11, 24 Raymond James
Strong Buy
Nov 13, 24 Truist Securities
Hold
Nov 4, 24 Wells Fargo
Overweight
Oct 30, 24 RBC Capital
Sector Perform
Oct 25, 24 Wedbush
Outperform
Oct 10, 24 Barclays
Equal-Weight
Oct 7, 24 Evercore ISI Group
Outperform
Sep 16, 24 Evercore ISI Group
Outperform

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Institutional Ownership

EastGroup Properties Announces the Income Tax Treatment of its 2024 Distributions
EastGroup Properties Announces the Income Tax Treatment of its 2024 Distributions
EastGroup Properties Announces the Income Tax Treatment of its 2024 Distributions
EGP
prnewswire.comJanuary 27, 2025

On January 27, 2025, EastGroup Properties, Inc. (NYSE: EGP) shared information about how its 2024 distributions will be taxed. The company provided details regarding the income tax implications of these distributions.

EastGroup Properties: Buy The Drop On This Wonderful Bargain
EastGroup Properties: Buy The Drop On This Wonderful Bargain
EastGroup Properties: Buy The Drop On This Wonderful Bargain
EGP
seekingalpha.comJanuary 14, 2025

EastGroup Properties is currently at a 52-week low, making it an attractive option for investors looking for long-term income and growth. The company targets high-demand areas in the Sunbelt region with multi-tenant Shallow Bay properties, which helps ensure stability and growth. It has shown steady growth in funds from operations (FFO), maintains high occupancy levels, and has a solid financial position with low debt, which supports its 3.6% dividend yield.

EGP: Rising Dividends With Industrial Real Estate
EGP: Rising Dividends With Industrial Real Estate
EGP: Rising Dividends With Industrial Real Estate
EGP
seekingalpha.comJanuary 12, 2025

EastGroup Properties Inc. (EGP) is a real estate investment trust that focuses on industrial properties and has a strong track record of paying and increasing dividends. Their recent purchases and high occupancy levels show that they are effectively managing and growing the business, which helps to increase value for shareholders. Even though the stock price has dropped recently, EGP's past performance and the possibility of a recovery in a lower interest rate environment suggest it could be a good long-term investment.

EastGroup Properties Announces Fourth Quarter 2024 Earnings Conference Call and Webcast
EastGroup Properties Announces Fourth Quarter 2024 Earnings Conference Call and Webcast
EastGroup Properties Announces Fourth Quarter 2024 Earnings Conference Call and Webcast
EGP
prnewswire.comJanuary 7, 2025

JACKSON, Miss., Jan. 7, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) has announced that it will host its Fourth Quarter Earnings Conference Call and Webcast on Friday, February 7, 2025, at 11:00 a.m.

EastGroup Boosts Portfolio With Acquisitions in Existing Submarkets
EastGroup Boosts Portfolio With Acquisitions in Existing Submarkets
EastGroup Boosts Portfolio With Acquisitions in Existing Submarkets
EGP
zacks.comJanuary 2, 2025

EPG is still on a buying spree, which helps it solidify its position in the current submarkets.

REIT Renaissance: The Golden Era?
REIT Renaissance: The Golden Era?
REIT Renaissance: The Golden Era?
EGP
seekingalpha.comJanuary 1, 2025

I am hopeful for 2025, anticipating a revival of REITs due to corporate tax cuts, tariffs, and less regulation from President Trump's new administration. The tax cuts will encourage businesses to grow, which will help REIT tenants and improve the quality of rents, even though REITs are pass-through entities. Additionally, Trump's tariffs may result in more investments in the U.S., which would be advantageous for REITs that lease space to companies constructing new factories and warehouses.

EastGroup Properties Announces Recent Business Activity
EastGroup Properties Announces Recent Business Activity
EastGroup Properties Announces Recent Business Activity
EGP
prnewswire.comDecember 30, 2024

On December 30, 2024, EastGroup Properties, Inc. (NYSE: EGP) shared updates about its recent business activities. The company is often referred to as "we," "us," or "EastGroup."

EastGroup Properties Announces 180th Consecutive Quarterly Cash Dividend
EastGroup Properties Announces 180th Consecutive Quarterly Cash Dividend
EastGroup Properties Announces 180th Consecutive Quarterly Cash Dividend
EGP
prnewswire.comDecember 2, 2024

On December 2, 2024, EastGroup Properties (NYSE: EGP) announced that its Board of Directors has approved a quarterly cash dividend of $1.40 per share. This dividend will be paid on January 15, 2025, to shareholders who own Common Stock as of December 31, 2024.

3 Great Dividend Stocks to Buy for Those With $175 or Less to Invest
3 Great Dividend Stocks to Buy for Those With $175 or Less to Invest
3 Great Dividend Stocks to Buy for Those With $175 or Less to Invest
EGP
fool.comNovember 25, 2024

One of the benefits of investing in dividend stocks is that they are usually affordable, which makes it simple for beginners to start. Additionally, you can regularly purchase more shares when you have extra money to invest, helping you to gradually increase your dividend earnings.

EastGroup Acquires Atlanta Property, Sees Healthy Leasing Activity
EastGroup Acquires Atlanta Property, Sees Healthy Leasing Activity
EastGroup Acquires Atlanta Property, Sees Healthy Leasing Activity
EGP
zacks.comNovember 15, 2024

EGP's growth plans in the booming Sunbelt area and shallow bay industrial market match the larger trends seen in the industrial real estate sector.

FAQ

  • What is the ticker symbol for EastGroup Properties?
  • Does EastGroup Properties pay dividends?
  • What sector is EastGroup Properties in?
  • What industry is EastGroup Properties in?
  • What country is EastGroup Properties based in?
  • When did EastGroup Properties go public?
  • Is EastGroup Properties in the S&P 500?
  • Is EastGroup Properties in the NASDAQ 100?
  • Is EastGroup Properties in the Dow Jones?
  • When was EastGroup Properties's last earnings report?
  • When does EastGroup Properties report earnings?
  • Should I buy EastGroup Properties stock now?

What is the ticker symbol for EastGroup Properties?

The ticker symbol for EastGroup Properties is NYSE:EGP

Does EastGroup Properties pay dividends?

Yes, EastGroup Properties pays dividends. The last payment was $1.40, with an ex-dividend date on December 31, 2024

What sector is EastGroup Properties in?

EastGroup Properties is in the Real Estate sector

What industry is EastGroup Properties in?

EastGroup Properties is in the Industrial industry

What country is EastGroup Properties based in?

EastGroup Properties is headquartered in United States

When did EastGroup Properties go public?

EastGroup Properties's initial public offering (IPO) was on October 21, 1983

Is EastGroup Properties in the S&P 500?

No, EastGroup Properties is not included in the S&P 500 index

Is EastGroup Properties in the NASDAQ 100?

No, EastGroup Properties is not included in the NASDAQ 100 index

Is EastGroup Properties in the Dow Jones?

No, EastGroup Properties is not included in the Dow Jones index

When was EastGroup Properties's last earnings report?

EastGroup Properties's most recent earnings report was on Oct 23, 2024

When does EastGroup Properties report earnings?

The next expected earnings date for EastGroup Properties is Feb 6, 2025

Should I buy EastGroup Properties stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions