EastGroup Properties, Inc. (EGP) Income Statement Analysis

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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)

Industry: REIT - Industrial

Sector: Real Estate

Website: https://www.eastgroup.net

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

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