Eastgroup Properties Inc (N:EGP)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 400 W Parkway Pl Ste 100 RIDGELAND MS 39157-6010 |
| Tel: | N/A |
| Website: | https://www.eastgroup.net |
| IR: | See website |
| Key People | ||
| Marshall A. Loeb President, Chief Executive Officer, Director | Brent W. Wood Chief Financial Officer, Executive Vice President, Treasurer | John F. Coleman Executive Vice President |
| Staci H. Tyler Senior Vice President, Chief Accounting Officer, Secretary | Ryan M. Collins Senior Vice President | R. Reid Dunbar Senior Vice President |
| Business Overview |
| EastGroup Properties, Inc. is an internally managed equity real estate investment trust (REIT). The Company is focused on the development, acquisition and operation of industrial properties in Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina. The Company owns approximately 510 industrial properties in 12 states. The Company's portfolio includes development projects and value-add properties in lease-up and under construction, including approximately 59.2 million square feet consisting of 470 business distribution properties containing 53.9 million square feet. It also has 17 bulk distribution properties containing 4.4 million square feet, and 23 business service properties containing 900,000 square feet. |
| Financial Overview |
| For the three months ended 31 March 2024, Eastgroup Properties Inc revenues increased 14% to $154.2M. Net income increased 31% to $58.6M. Revenues reflect NAREIT FFO - Per Share - Diluted - Total increase of 8% to $1.98, Fixed Charge Coverage Ratio, Total increase of 45% to 10.43. Net income benefited from Net Operating Income (NOI), Total increase of 14% to $111.4M, Gains on sales of real estate investment increase of 82% to $8.8M (income). |
| Employees: | 95 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $9,147M as of Mar 31, 2024 |
| Annual revenue (TTM): | $589.79M as of Mar 31, 2024 |
| EBITDA (TTM): | $406.93M as of Mar 31, 2024 |
| Net annual income (TTM): | $214.45M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$522.27M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $1,661M as of Mar 31, 2024 |
| Shares outstanding: | 48,144,312 as of Apr 23, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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