A Business at a Glance
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The Company EastGroup Properties, Inc., which we refer to in this Annual Report as the “Company,” “EastGroup,” “we,” “us” or “our,” is an internally-managed equity REIT first organized in 1969. EastGroup is focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States, primarily in the states of Texas, Florida, California, Arizona and North Carolina. EastGroup’s strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup is a Maryland corporation, and its common stock is publicly traded on the New York Stock Exchange (“NYSE”) under the symbol “EGP.” The Company has elected to be taxed and intends to continue to qualify as a REIT under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). Available Information The Company maintains a website at www.eastgroup.net.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 721M | 721M | 640M | 571M | 487M | 409M |
| Net Income | 257M | 257M | 228M | 200M | 186M | 158M |
| EPS | $4.87 | $4.87 | $4.66 | $4.42 | $4.36 | $3.90 |
| Free Cash Flow | 405M | 405M | 357M | 287M | 276M | 220M |
| ROIC | 5.7% | 5.9% | 5.9% | 7.6% | 10.8% | 11.4% |
| Gross Margin | 43.3% | 43.3% | 43.2% | 43.0% | 41.0% | 40.9% |
| Debt/Equity | 0.46 | 0.46 | 0.46 | 0.64 | 0.17 | 0.19 |
| Dividends/Share | $5.72 | $5.90 | $5.34 | $5.04 | $4.70 | $3.58 |
| Operating Income | 290M | 290M | 267M | 248M | 225M | 191M |
| Operating Margin | 40.1% | 40.1% | 41.7% | 43.5% | 46.1% | 46.5% |
| ROE | 7.4% | 7.6% | 7.7% | 8.8% | 10.6% | 11.1% |
| Shares Outstanding | 53M | 53M | 49M | 45M | 43M | 40M |
EASTGROUP PROPERTIES INC passes 3 of 9 quality checks, indicating weak fundamentals.
EASTGROUP PROPERTIES INC trades at 39.6x trailing earnings, compared to its 15-year median P/E of 33.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 21.7x vs a median of 22.3x. The company's 5-year average ROIC is 8.3% with a gross margin of 42.3%. Total shareholder yield (dividends) is 3.0%. At current prices, the estimated annualized return to fair value is +11.8%.
EASTGROUP PROPERTIES INC (EGP) has a current P/E ratio of 39.6, compared to its historical median P/E of 33.7. The stock is currently considered Fair based on its historical valuation range.
EASTGROUP PROPERTIES INC (EGP) has a 5-year average return on invested capital (ROIC) of 8.3%. This is below average and may indicate limited pricing power.
EASTGROUP PROPERTIES INC (EGP) has a market capitalization of $10.2B. It is classified as a large-cap stock.
Yes, EASTGROUP PROPERTIES INC (EGP) pays a dividend with a trailing twelve-month yield of 2.97%.
Based on historical P/E analysis, EASTGROUP PROPERTIES INC (EGP) appears fair. The current P/E of 39.6 is 18% above its historical median of 33.7. The estimated fair value CAGR (P/E method) is 9.9%.
EASTGROUP PROPERTIES INC (EGP) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
EASTGROUP PROPERTIES INC (EGP) reported annual revenue of $721 million in its most recent fiscal year, based on SEC EDGAR filings.
EASTGROUP PROPERTIES INC (EGP) has a net profit margin of 35.7%. This is a strong margin indicating high profitability.
EASTGROUP PROPERTIES INC (EGP) generated $405 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
EASTGROUP PROPERTIES INC (EGP) has a debt-to-equity ratio of 0.46. This indicates a conservatively financed balance sheet.
EASTGROUP PROPERTIES INC (EGP) reported earnings per share (EPS) of $4.87 in its most recent fiscal year.
EASTGROUP PROPERTIES INC (EGP) has a return on equity (ROE) of 7.6%. This indicates moderate shareholder returns.
EASTGROUP PROPERTIES INC (EGP) has a 5-year average gross margin of 42.3%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for EASTGROUP PROPERTIES INC (EGP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
EASTGROUP PROPERTIES INC (EGP) has a book value per share of $66.15, based on its most recent annual SEC filing.