See more : Empir Group AB (EMPIR-B.ST) Income Statement Analysis – Financial Results
Complete financial analysis of EastGroup Properties, Inc. (EGP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of EastGroup Properties, Inc., a leading company in the REIT – Industrial industry within the Real Estate sector.
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EastGroup Properties, Inc. (EGP)
About EastGroup Properties, Inc.
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 570.59M | 487.03M | 409.48M | 363.02M | 331.39M | 300.39M | 274.15M | 253.05M | 235.01M | 219.83M | 202.17M | 186.18M | 174.63M | 173.13M | 172.35M | 168.58M | 150.73M | 133.61M | 126.51M | 114.68M | 108.44M | 105.81M | 105.30M | 98.10M | 86.24M | 76.73M | 53.62M | 39.77M | 30.26M | 27.20M | 20.70M | 10.10M | 17.50M | 14.80M | 25.60M | 10.90M | 7.70M | 9.10M | 12.90M |
| Cost of Revenue | 154.03M | 133.92M | 115.08M | 103.37M | 93.27M | 86.39M | 80.11M | 74.35M | 67.40M | 62.80M | 57.89M | 52.99M | 49.41M | 51.14M | 50.26M | 47.37M | 41.12M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 416.56M | 353.11M | 294.40M | 259.66M | 238.11M | 214.00M | 194.04M | 178.70M | 167.61M | 157.03M | 144.29M | 133.19M | 125.22M | 121.98M | 122.10M | 121.20M | 109.61M | 133.61M | 126.51M | 114.68M | 108.44M | 105.81M | 105.30M | 98.10M | 86.24M | 76.73M | 53.62M | 39.77M | 30.26M | 27.20M | 20.70M | 10.10M | 17.50M | 14.80M | 25.60M | 10.90M | 7.70M | 9.10M | 12.90M |
| Gross Profit Ratio | 73.01% | 72.50% | 71.90% | 71.53% | 71.85% | 71.24% | 70.78% | 70.62% | 71.32% | 71.43% | 71.37% | 71.54% | 71.71% | 70.46% | 70.84% | 71.90% | 72.72% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.38 | 0.39 | 0.28 | 0.37 | 0.29 | 0.32 | 0.41 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 17.34M | 16.91M | 16.40M | 15.07M | 16.82M | 13.74M | 14.97M | 13.23M | 15.09M | 12.73M | 11.73M | 10.49M | 9.07M | 9.07M | 9.07M | 0.00 | 0.00 | 0.00 | 6.87M | 6.71M | 4.97M | 4.18M | 4.57M | 5.61M | 4.58M | 3.82M | 2.92M | 2.36M | 2.18M | 2.00M | 900.00K | 900.00K | 900.00K | 800.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.62M | 1.26M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 17.34M | 16.91M | 16.40M | 15.07M | 16.82M | 13.74M | 14.97M | 13.23M | 15.09M | 12.73M | 11.73M | 10.49M | 10.69M | 10.33M | 9.07M | 8.55M | 8.30M | 7.40M | 6.87M | 6.71M | 4.97M | 4.18M | 4.57M | 5.61M | 4.58M | 3.82M | 2.92M | 2.36M | 2.18M | 2.00M | 900.00K | 900.00K | 900.00K | 800.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | 153.64M | 127.10M | 116.36M | 104.72M | 913.00K | 1.31M | 1.77M | 1.10M | 989.00K | 949.00K | 456.00K | 57.45M | 58.35M | 53.95M | 51.22M | 47.91M | 79.48M | 75.41M | 65.92M | 64.13M | 60.63M | 53.03M | 45.81M | 40.12M | 35.90M | 25.75M | 21.31M | 17.41M | -16.20M | -11.50M | -9.30M | -8.80M | -9.20M | -8.60M | -2.00M | -1.10M | -800.00K | -1.00M |
| Operating Expenses | 188.42M | 170.55M | 143.50M | 131.42M | 121.54M | 105.44M | 98.85M | 91.17M | 88.38M | 83.04M | 77.51M | 72.18M | 68.14M | 68.68M | 63.02M | 59.77M | 56.20M | 86.88M | 82.28M | 72.63M | 69.09M | 64.81M | 57.60M | 51.42M | 44.70M | 39.72M | 28.67M | 23.67M | 19.59M | -14.20M | -10.60M | -8.40M | -7.90M | -8.40M | -8.60M | -2.00M | -1.10M | -800.00K | -1.00M |
| Cost & Expenses | 343.96M | 304.46M | 258.58M | 234.79M | 214.82M | 191.84M | 178.95M | 165.51M | 155.78M | 145.84M | 135.40M | 125.18M | 117.55M | 119.82M | 113.28M | 107.14M | 97.32M | 86.88M | 82.28M | 72.63M | 69.09M | 64.81M | 57.60M | 51.42M | 44.70M | 39.72M | 28.67M | 23.67M | 19.59M | -14.20M | -10.60M | -8.40M | -7.90M | -8.40M | -8.60M | -2.00M | -1.10M | -800.00K | -1.00M |
| Interest Income | -2.95M | 38.50M | 32.95M | 33.93M | 34.46M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 334.00K | 336.00K | 302.00K | 293.00K | 306.00K | 142.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 45.05M | 38.50M | 32.95M | 33.93M | 34.46M | 35.11M | 34.78M | 35.21M | 34.67M | 35.49M | 35.19M | 35.37M | 34.71M | 35.17M | 32.82M | 30.19M | 27.31M | 24.62M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 171.08M | 304.60M | 258.11M | 237.56M | 215.26M | 191.84M | 178.95M | 165.68M | 73.29M | 70.31M | 65.79M | 61.70M | 57.45M | 58.35M | 53.95M | 51.09M | 47.88M | 42.22M | 39.31M | 33.45M | 32.40M | 30.82M | 27.41M | 23.82M | 20.18M | 16.57M | 10.41M | 7.76M | 5.61M | 4.50M | 33.10M | 2.40M | 2.00M | 1.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 399.22M | 337.41M | 278.82M | 245.53M | 221.46M | 390.72M | 178.54M | 164.82M | 154.41M | 152.47M | 97.18M | 122.63M | 231.94M | 111.58M | 113.73M | 114.21M | 101.10M | 89.22M | 83.53M | 75.50M | 71.75M | 67.17M | 69.75M | 70.51M | 61.72M | 36.15M | 35.36M | 23.86M | 16.29M | 45.90M | 64.40M | 20.90M | 27.40M | 25.10M | 34.20M | 12.90M | 8.80M | 9.90M | 13.90M |
| EBITDA Ratio | 69.97% | 69.28% | 68.09% | 67.64% | 66.83% | 66.97% | 65.80% | 66.09% | 65.37% | 66.09% | 66.04% | 66.15% | 65.71% | 64.52% | 65.23% | 66.57% | 65.49% | 66.48% | 66.03% | 65.84% | 66.16% | 67.70% | 67.24% | 71.87% | 71.57% | 69.83% | 65.95% | 60.00% | 53.82% | 160.29% | 311.11% | 206.93% | 156.57% | 168.92% | 133.59% | 118.35% | 114.29% | 108.79% | 107.75% |
| Operating Income | 228.14M | 183.77M | 151.72M | 129.17M | 116.74M | 108.56M | 95.20M | 87.37M | 79.06M | 73.78M | 66.58M | 60.81M | 56.83M | 53.30M | 59.07M | 61.43M | 53.41M | 46.73M | 44.23M | 42.05M | 39.35M | 41.00M | 47.69M | 46.69M | 41.54M | 37.00M | 24.95M | 16.10M | 10.68M | 41.40M | 31.30M | 18.50M | 25.40M | 23.20M | 34.20M | 12.90M | 8.80M | 9.90M | 13.90M |
| Operating Income Ratio | 39.98% | 37.73% | 37.05% | 35.58% | 35.23% | 36.14% | 34.72% | 34.53% | 33.64% | 33.56% | 32.93% | 32.66% | 32.54% | 30.79% | 34.27% | 36.44% | 35.43% | 34.98% | 34.96% | 36.67% | 36.29% | 38.75% | 45.30% | 47.59% | 48.17% | 48.23% | 46.54% | 40.49% | 35.28% | 152.21% | 151.21% | 183.17% | 145.14% | 156.76% | 133.59% | 118.35% | 114.29% | 108.79% | 107.75% |
| Total Other Income/Expenses | -27.60M | 5.78M | 6.74M | -19.84M | 7.34M | -18.55M | -11.61M | 8.72M | -30.66M | -25.31M | -34.24M | -34.92M | -151.92M | -34.55M | -31.87M | 5.00K | 2.28M | -24.17M | -25.09M | -19.91M | 0.00 | 186.00K | 4.31M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.30M | 0.00 | -18.50M | 0.00 | 100.00K | -34.20M | -12.90M | -8.80M | -9.90M | -13.90M |
| Income Before Tax | 200.55M | 186.27M | 157.64M | 108.39M | 123.34M | 88.64M | 83.59M | 96.09M | 48.40M | 48.47M | 32.34M | 25.90M | 22.83M | 18.76M | 26.66M | 61.56M | 55.69M | 46.86M | 0.00 | 0.00 | 0.00 | 41.19M | 52.01M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 43.70M | 0.00 | 0.00 | 0.00 | 23.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 35.15% | 38.25% | 38.50% | 29.86% | 37.22% | 29.51% | 30.49% | 37.97% | 20.59% | 22.05% | 16.00% | 13.91% | 13.08% | 10.83% | 15.47% | 36.52% | 36.94% | 35.07% | 0.00% | 0.00% | 0.00% | 38.92% | 49.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 160.66% | 0.00% | 0.00% | 0.00% | 157.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | -40.91M | 33.86M | 34.90M | 36.30M | 34.06M | 36.49M | 37.56M | 36.30M | 37.01M | 35.86M | 29.34M | 35.07M | 35.31M | 32.76M | 27.11M | 23.38M | 17.50M | 22.04M | 18.73M | 18.91M | 17.37M | 13.51M | 10.18M | 3.18M | 7.67M | 4.17M | 3.59M | 2.97M | 34.20M | 24.90M | 22.20M | 19.70M | 20.20M | -14.00M | -8.90M | -6.70M | -8.30M | -11.90M |
| Net Income | 200.49M | 186.18M | 123.78M | 73.49M | 87.04M | 88.51M | 83.18M | 95.51M | 47.87M | 47.94M | 32.62M | 32.38M | 22.36M | 18.33M | 26.66M | 34.14M | 29.73M | 29.23M | 22.19M | 23.33M | 20.45M | 23.63M | 34.18M | 36.51M | 38.36M | 29.34M | 20.78M | 12.51M | 7.71M | 7.20M | 6.40M | -3.70M | 5.70M | 3.00M | 14.00M | 8.90M | 6.70M | 8.30M | 11.90M |
| Net Income Ratio | 35.14% | 38.23% | 30.23% | 20.24% | 26.26% | 29.46% | 30.34% | 37.74% | 20.37% | 21.81% | 16.13% | 17.39% | 12.80% | 10.58% | 15.47% | 20.25% | 19.73% | 21.88% | 17.54% | 20.34% | 18.85% | 22.33% | 32.46% | 37.22% | 44.48% | 38.23% | 38.75% | 31.46% | 25.48% | 26.47% | 30.92% | -36.63% | 32.57% | 20.27% | 54.69% | 81.65% | 87.01% | 91.21% | 92.25% |
| EPS | 4.43 | 4.37 | 3.07 | 1.88 | 2.32 | 2.50 | 2.45 | 2.93 | 1.49 | 1.53 | 1.08 | 1.13 | 0.83 | 0.68 | 1.04 | 1.31 | 1.15 | 1.19 | 0.91 | 1.00 | 0.72 | 0.86 | 1.54 | 1.70 | 2.01 | 1.67 | 1.58 | 0.96 | 1.21 | 1.16 | 1.74 | -0.99 | 1.52 | 0.79 | 3.71 | 2.32 | 1.67 | 2.07 | 2.93 |
| EPS Diluted | 4.42 | 4.36 | 3.07 | 1.87 | 2.32 | 2.49 | 2.44 | 2.93 | 1.49 | 1.52 | 1.08 | 1.13 | 0.83 | 0.68 | 1.04 | 1.30 | 1.14 | 1.17 | 0.89 | 0.98 | 0.70 | 0.84 | 1.51 | 1.68 | 1.99 | 1.66 | 1.56 | 0.96 | 1.21 | 1.15 | 1.71 | -0.99 | 1.52 | 0.79 | 3.71 | 2.32 | 1.67 | 2.07 | 2.93 |
| Weighted Avg Shares Out | 45.22M | 42.60M | 40.26M | 39.19M | 37.44M | 35.44M | 34.00M | 32.56M | 32.09M | 31.34M | 30.16M | 28.58M | 26.90M | 26.75M | 25.59M | 24.50M | 23.56M | 22.37M | 21.57M | 20.77M | 17.82M | 15.87M | 15.70M | 15.59M | 16.05M | 16.28M | 13.18M | 13.02M | 6.34M | 6.21M | 3.68M | 3.74M | 3.75M | 3.80M | 3.77M | 3.84M | 4.01M | 4.01M | 4.06M |
| Weighted Avg Shares Out (Dil) | 45.33M | 42.71M | 40.38M | 39.30M | 37.53M | 35.51M | 34.05M | 32.63M | 32.20M | 31.45M | 30.27M | 28.68M | 26.97M | 26.82M | 25.69M | 24.65M | 23.78M | 22.69M | 21.89M | 21.09M | 18.19M | 16.24M | 16.01M | 15.78M | 16.20M | 16.43M | 13.34M | 13.02M | 6.34M | 6.26M | 3.74M | 3.74M | 3.75M | 3.80M | 3.77M | 3.84M | 4.01M | 4.01M | 4.06M |
Compared to Estimates, EastGroup Properties (EGP) Q4 Earnings: A Look at Key Metrics
Although the revenue and EPS for EastGroup Properties (EGP) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
EastGroup Properties (EGP) Surpasses Q4 FFO Estimates
EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $2.03 per share, beating the Zacks Consensus Estimate of $2.01 per share. This compares to FFO of $1.82 per share a year ago.
EastGroup Properties Announces Fourth Quarter and Year 2023 Results
Fourth Quarter 2023 Results Net Income Attributable to Common Stockholders of $1.35 Per Diluted Share for Fourth Quarter 2023 Compared to $0.89 Per Diluted Share for Fourth Quarter 2022 (Gains on Sales of Real Estate Investments Were $13 Million, or...
EastGroup Properties (EGP) Moves to Buy: Rationale Behind the Upgrade
EastGroup Properties (EGP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
EastGroup Properties Announces the Income Tax Treatment of its 2023 Distributions
JACKSON, Miss. , Jan. 25, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today the income tax treatment of its 2023 distributions as described below.
EastGroup Properties: A Great Dividend Pick At A Great Premium
EastGroup Properties is a REIT that develops, acquires, and operates industrial assets in major Sunbelt markets. The company has a great portfolio, has been growing fast, and is conservatively financed with strong liquidity. The dividend coverage is also adequate with...
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EastGroup Properties Announces Fourth Quarter 2023 Earnings Conference Call and Webcast
JACKSON, Miss. , Jan. 11, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Fourth Quarter Earnings Conference Call and Webcast on Thursday, February 8, 2024, at 11:00 a.m.
Top 12 REITs For The Next 12 Months
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