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EastGroup Properties Inc

Real Estate US EGP

187.5USD
2.64(1.43%)

Last update at 2024-09-13T20:10:00Z

Day Range

186.40187.83
LowHigh

52 Week Range

140.24187.41
LowHigh

Fundamentals

  • Previous Close 184.86
  • Market Cap8536.84M
  • Volume257706
  • P/E Ratio46.77
  • Dividend Yield2.76%
  • EBITDA363.66M
  • Revenue TTM551.28M
  • Revenue Per Share TTM12.42
  • Gross Profit TTM 353.11M
  • Diluted EPS TTM3.94

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 186.27M 157.64M 108.39M 123.34M 88.64M
Minority interest -0.09200M -0.08100M -0.02800M -1.67800M -0.13000M
Net income 186.18M 123.78M 73.49M 87.04M 88.51M
Selling general administrative 16.91M 16.40M 15.06M 16.82M 13.74M
Selling and marketing expenses - - - - -
Gross profit 353.11M 294.40M 259.65M 238.11M 214.00M
Reconciled depreciation 153.64M 127.10M 116.36M 104.72M 91.70M
Ebit 183.77M 151.72M 129.17M 116.73M 109.47M
Ebitda 337.41M 278.82M 245.53M 221.46M 201.17M
Depreciation and amortization 153.64M 127.10M 116.36M 104.72M 91.70M
Non operating income net other 41.00M 38.86M 13.14M 41.07M 14.27M
Operating income 183.77M 151.72M 129.17M 116.73M 108.56M
Other operating expenses 304.46M 258.58M 234.79M 214.81M 191.84M
Interest expense 38.50M 32.95M 33.93M 34.46M 35.11M
Tax provision - - - - -
Interest income 38.50M 32.95M 33.93M 34.46M 35.11M
Net interest income -38.49900M -32.94500M -33.92700M -34.46300M -35.10600M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -40.90700M 33.86M 34.90M 36.30M 34.06M
Total revenue 487.02M 409.48M 363.02M 331.39M 300.39M
Total operating expenses 170.55M 143.50M 131.42M 121.54M 105.44M
Cost of revenue 133.91M 115.08M 103.37M 93.27M 86.39M
Total other income expense net 2.50M 5.91M -20.78200M 6.61M 15.19M
Discontinued operations - - - - -
Net income from continuing ops 186.27M 157.64M 644.89M 123.34M 87.72M
Net income applicable to common shares 186.18M 157.56M 108.36M 121.66M 88.51M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 4035.84M 3215.34M 2720.80M 2546.08M 2131.70M
Intangible assets 21.15M 18.90M 15.15M 17.63M 12.43M
Earning assets - - - - -
Other current assets 18.99M 16.75M 22.49M 18.55M 8.27M
Total liab 2082.40M 1643.88M 1450.29M 1343.75M 1227.00M
Total stockholder equity 1953.00M 1570.07M 1269.64M 1200.56M 903.06M
Deferred long term liab 92.02M 74.58M 18.20M 54.23M 48.80M
Other current liab 125.98M 99.18M 69.57M 78.17M 75.84M
Common stock 0.00400M 0.00400M 0.00400M 0.00400M 0.00400M
Capital stock 0.00400M 0.00400M 0.00400M 0.00400M 0.00400M
Retained earnings -334.89800M -318.05600M -329.66700M -316.30200M -326.19300M
Other liab 59.64M 56.47M 69.82M 54.26M 34.65M
Good will 0.99M 0.99M 0.99M 0.99M 0.99M
Other assets 68.92M 3.20M 2720.78M 55.91M 51.39M
Cash 0.06M 4.39M 0.02M 0.22M 0.37M
Cash and equivalents - - - - -
Total current liabilities 322.45M 333.23M 208.46M 203.42M 293.22M
Current deferred revenue 17.00M 16.40M 14.69M 13.86M 12.73M
Net debt 1883.73M 1472.32M 1324.24M 1182.38M 1105.41M
Short term debt 168.45M 207.07M 124.19M 111.39M 193.93M
Short long term debt 168.45M 4.84M 5.18M 25.77M 15.05M
Short long term debt total 1883.79M 1476.71M 1324.26M 1182.60M 1105.79M
Other stockholder equity 2251.52M 1886.82M 1610.05M 1514.06M 1222.55M
Property plant equipment 3783.61M 3015.71M 2563.76M 2393.43M 2002.23M
Total current assets 76.64M 93.62M 73.79M 0.22M 50.09M
Long term investments 7.23M 13.02M 7.45M 7.80M 7.87M
Net tangible assets 1953.00M 1401.56M 1269.64M 1200.56M 903.06M
Short term investments 7.23M 0.00732M - - -
Net receivables 71.38M 66.78M 51.28M 45.95M 41.45M
Long term debt 1861.74M 1451.78M 1310.89M 1182.60M 1105.79M
Inventory 0.00000M 5.70M - - -
Accounts payable 11.01M 10.58M 69.57M 92.02M 10.72M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 0.44M 1.39M 0.88M 1.76M 1.64M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 36.37M 1.30M -10.75200M 2.81M 6.70M
Additional paid in capital - - - - -
Common stock total equity 0.00400M 0.00400M 0.00400M 0.00400M 0.00400M
Preferred stock total equity - - - - -
Retained earnings total equity -334.89800M -318.05600M -329.66700M -316.30200M -326.19300M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 3927.77M 3092.52M 57.54M 144.62M 2060.32M
Deferred long term asset charges - - - - -
Non current assets total 3959.19M 3121.72M 2647.01M 2545.85M 2081.61M
Capital lease obligations 22.05M 24.93M 13.37M 18.31M 2.86M
Long term debt total 1861.74M 1451.78M 1310.89M 1182.60M 1105.79M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -521.14800M 9.03M 1.68M 0.92M 1.99M
Change to liabilities 17.18M 13.30M -18.85100M 6.51M -2.68200M
Total cashflows from investing activities -521.14800M -529.26300M -288.25600M -443.33700M -241.43500M
Net borrowings 348.63M 139.61M 126.89M 75.49M 118.76M
Total cash from financing activities 200.31M 277.14M 91.77M 247.28M 77.06M
Change to operating activities -9.29100M -11.57200M -4.61500M -5.55800M -4.09100M
Net income 186.27M 157.64M 108.39M 123.34M 88.64M
Change in cash -4.33700M 4.37M -0.20300M -0.15000M 0.36M
Begin period cash flow 4.39M 0.02M 0.22M 0.37M 0.02M
End period cash flow 0.06M 4.39M 0.02M 0.22M 0.37M
Total cash from operating activities 316.50M 256.49M 196.28M 195.91M 164.73M
Issuance of capital stock 75.62M 273.10M 90.72M 284.71M 157.32M
Depreciation 153.64M 127.10M 116.36M 104.72M 91.70M
Other cashflows from investing activities 15.82M 34.41M -12.15900M 54.52M 17.26M
Dividends paid -193.93600M -131.75900M -119.76500M -108.79500M 71.29M
Change to inventory - - - - -
Change to account receivables - - 1.68M - -
Sale purchase of stock 303.68M 800.52M 900.39M 1222.66M 508.10M
Other cashflows from financing activities 1131.42M -6.48500M -7.17200M -5.02700M -7.06500M
Change to netincome -31.29600M -29.97100M -4.83800M -32.92800M 21.13M
Capital expenditures 536.97M 33.30M 277.78M 432.04M 237.81M
Change receivables - - - - -
Cash flows other operating -9.29100M -11.57200M -4.77600M -5.73800M -5.33600M
Exchange rate changes - - - - -
Cash and cash equivalents changes -4.33700M 4.37M -0.20300M -0.15000M 0.36M
Change in working capital 7.88M 1.73M -23.46600M 0.96M -6.77300M
Stock based compensation 8.29M 7.51M 6.58M 6.84M 5.28M
Other non cash items -39.58800M 1.38M 1.57M 1.21M 0.24M
Free cash flow 316.50M 223.19M 196.28M 195.91M 164.73M

Peer Comparison

Sector: Real Estate Industry: REIT - Industrial

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
EGP
EastGroup Properties Inc
2.64 1.43% 187.50 46.77 - 15.49 3.59 18.56 26.38
PLD
Prologis Inc
-0.31 0.24% 129.98 42.17 52.08 14.75 2.25 18.70 23.08
PSA
Public Storage
3.04 0.85% 359.16 27.33 27.32 11.54 8.95 14.45 20.02
PLDGP
Prologis Inc
1.62 2.86% 58.25 10.93 - 5.05 -
EXR
Extra Space Storage Inc
0.62 0.35% 177.90 28.98 28.74 14.47 2.23 19.14 26.72

Reports Covered

Stock Research & News

Profile

EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 59 million square feet.

EastGroup Properties Inc

400 West Parkway Place, Ridgeland, MS, United States, 39157

Key Executives

Name Title Year Born
Mr. Marshall A. Loeb Pres, CEO & Director 1962
Mr. Brent W. Wood Exec. VP, CFO & Treasurer 1970
Mr. John F. Coleman Exec. VP & Head of Eastern Regional 1960
Mr. R. Reid Dunbar Sr. VP & Head of Texas Region 1976
Mr. Ryan M. Collins Sr. VP & Head of Western Region 1981
Ms. Staci H. Tyler CPA Sr. VP, Chief Accounting Officer & Sec. 1981
Mr. Brian Laird CPA Chief Information Officer & VP NA
Ms. Wendi Powers Investor Relations NA
Shelby Trusty Director of HR NA
Mr. Chris Segrest Managing Director of Florida NA

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