-0.53%
5.50%
-1.14%
-9.45%
-4.57%
-15.30%
24.44%
AI Spotlight on EGP
Company Description
EastGroup Properties, Inc.(NYSE: EGP), an S&P MidCap 400 company, 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 15,000 to 70,000 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.EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.8 million square feet.
Market Data
| Last Price | 169.32 |
| Change Percentage | -0.53% |
| Open | 170.38 |
| Previous Close | 170.23 |
| Market Cap ( Millions) | 8382 |
| Volume | 143148 |
| Year High | 192.61 |
| Year Low | 155.1 |
| M A 50 | 166.61 |
| M A 200 | 173.23 |
Financial Ratios
| FCF Yield | 4.26% |
| Dividend Yield | 3.15% |
| ROE | 8.56% |
| Debt / Equity | 58.02% |
| Net Debt / EBIDTA | 374.99% |
| Price To Book | 2.92 |
| Price Earnings Ratio | 35.56 |
| Price To FCF | 23.48 |
| Price To sales | 13.37 |
| EV / EBITDA | 23.07 |
News
- Jan -27 - EastGroup Properties Announces the Income Tax Treatment of its 2024 Distributions
- Jan -25 - 10 Stocks I'm Buying As A New Government Takes Power
- Jan -18 - 7 Stocks I'm Buying Amid This Goldilocks (For Now) Economy
- Jan -15 - California REITs see rating upgrades in the wake of fires
- Jan -14 - EastGroup Properties: Buy The Drop On This Wonderful Bargain
- Jan -12 - EGP: Rising Dividends With Industrial Real Estate
- Jan -11 - A Dozen Stocks I'm Buying As Rising Interest Rates Break The Market
- Jan -08 - CIO or EGP: Which Is the Better Value Stock Right Now?
- Jan -07 - EastGroup Properties Announces Fourth Quarter 2024 Earnings Conference Call and Webcast
- Jan -07 - World Beaters' 2024 Performance Review
- Jan -05 - Ready, Set, REIT: Why 2025 Could Be A Breakout Year
- Jan -05 - REITs Say 'Good Riddance' To 2024
- Jan -02 - EastGroup Boosts Portfolio With Acquisitions in Existing Submarkets
- Jan -01 - REIT Renaissance: The Golden Era?
- Dec -31 - My Top 10 REITs For 2025
- Dec -30 - EastGroup Properties Announces Recent Business Activity
- Dec -30 - Why I Just Bought More of These 2 High-Yield Dividend Stocks in My Retirement Account and Expect to Continue Loading Up on Their Shares in 2025
- Dec -28 - 8 Stocks I'm Buying As I Hone My Buying Strategy For 2025
- Dec -23 - CIO vs. EGP: Which Stock Is the Better Value Option?
- Dec -21 - 10 Stocks I'm Buying As REITs Have Never Looked So Good
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Real Estate
Expected Growth : 12 %
What the company do ?
EastGroup Properties, Inc. is a self-administered equity real estate investment trust (REIT) focused on the development, acquisition, and operation of industrial properties in the US.
Why we expect these perspectives ?
EastGroup Properties, Inc.'s 12% growth in Real Estate is driven by increasing demand for industrial properties, e-commerce growth, and limited supply in key markets. Additionally, the company's strategic acquisitions, development projects, and strong operating performance contribute to its growth. Furthermore, the rising need for last-mile delivery facilities and cold storage spaces also supports the segment's growth.
Segment nΒ°2 -> Other Revenue
Expected Growth : 14 %
What the company do ?
Other Revenue from EastGroup Properties, Inc. includes miscellaneous income from various sources such as tenant reimbursements, lease termination fees, and other non-rental income.
Why we expect these perspectives ?
EastGroup Properties' 14% Other Revenue growth is driven by increased lease termination fees, higher utility reimbursements, and growing demand for value-added services such as storage and parking. Additionally, the company's strategic acquisitions and expansions into high-growth markets have contributed to the revenue surge.
Eastgroup Properties, Inc. Products
| Product Range | What is it ? |
|---|---|
| Industrial Properties | EastGroup Properties, Inc. owns and operates a portfolio of industrial properties, including warehouses, distribution centers, and light industrial facilities. |
| Business Distribution Centers | EastGroup Properties, Inc. offers business distribution centers that provide flexible and efficient space for companies to manage their supply chain and logistics operations. |
| Freezer and Cooler Facilities | EastGroup Properties, Inc. provides specialized freezer and cooler facilities for companies requiring temperature-controlled storage and distribution of perishable goods. |
| Last-Mile Delivery Facilities | EastGroup Properties, Inc. offers last-mile delivery facilities that enable fast and efficient delivery of goods to customers. |
| Build-to-Suit Facilities | EastGroup Properties, Inc. develops build-to-suit facilities tailored to meet the specific needs of companies, including customized design, layout, and features. |
EastGroup Properties, Inc.'s Porter Forces
Threat Of Substitutes
EastGroup Properties, Inc. operates in the industrial real estate market, which has a moderate threat of substitutes. While there are alternative options for customers, such as owning their own facilities, the convenience and flexibility of leasing from EastGroup Properties, Inc. mitigate this threat.
Bargaining Power Of Customers
EastGroup Properties, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's properties are often located in areas with high demand, giving it an upper hand in negotiations.
Bargaining Power Of Suppliers
EastGroup Properties, Inc. has a strong financial position, which gives it bargaining power over its suppliers. The company can negotiate favorable terms and prices for materials and services.
Threat Of New Entrants
The industrial real estate market has significant barriers to entry, including high capital requirements and regulatory hurdles. This limits the threat of new entrants and gives EastGroup Properties, Inc. a competitive advantage.
Intensity Of Rivalry
The industrial real estate market is competitive, with several established players. However, EastGroup Properties, Inc. has a strong market position and a diversified portfolio, which helps it to maintain its market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 39.41% |
| Debt Cost | 3.95% |
| Equity Weight | 60.59% |
| Equity Cost | 8.80% |
| WACC | 6.89% |
| Leverage | 65.04% |
EastGroup Properties, Inc. : Quality Control
EastGroup Properties, Inc. passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| TRNO | Terreno Realty Corporation and together with its subsidiaries, the ΒCompanyΒ) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, β¦ |
| CUBE | CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. β¦ |
| FR | First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to β¦ |
| NSA | National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas β¦ |
| STAG | STAG Industrial, Inc. (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
National Storage
A-Score
1-Year Total Return ->
π₯
CubeSmart
A-Score
1-Year Total Return ->
π₯
EastGroup Properties
A-Score
1-Year Total Return ->
4
Terreno Realty
A-Score
1-Year Total Return ->
5
STAG Industrial
A-Score
1-Year Total Return ->
6
