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EastGroup Properties

OverviewSuggest Edit

EGP is a self-administered equity REIT focused on development, acquisition and operation of industrial properties in major Sunbelt markets throughout the US.
TypePublic
HQRidgeland, MS, USMap
Websiteeastgroup.net
Overall CultureCMore

Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2020)75(+5%)
Revenue (FY, 2019)$331.4 M(+21%)
Share Price (Jan 2021)$140 (+2%)
Cybersecurity ratingBMore

Key People/Management at EastGroup Properties

Marshall A. Loeb

Marshall A. Loeb

President & Chief Executive Officer
John F. Coleman

John F. Coleman

EVP
Ryan M. Collins

Ryan M. Collins

Senior Vice President
R. Reid Dunbar

R. Reid Dunbar

Senior Vice President
David Y. Hicks

David Y. Hicks

VP
Michael P. Sacco

Michael P. Sacco

VP
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EastGroup Properties Office Locations

EastGroup Properties has offices in Ridgeland, Atlanta, Charlotte, Houston and in 8 other locations
Ridgeland, MS, US (HQ)
400 W Parkway Pl #100
Atlanta, GA, US
3495 Piedmont Rd NE Building 11, Suite 350
Charlotte, NC, US
4725 Entrance Dr
Houston, TX, US
4220 World Houston Pkwy #170
Irving, TX, US
7301 State Hwy 161 #215
Jacksonville, FL, US
8917 Western Way #6
Show all (12)

EastGroup Properties Financials and Metrics

EastGroup Properties Revenue

EastGroup Properties's revenue was reported to be $331.39 m in FY, 2019
USD

Revenue (Q3, 2020)

92.0m

Net income (Q3, 2020)

24.4m

Market capitalization (22-Jan-2021)

5.5b

Closing stock price (22-Jan-2021)

140.0

Cash (30-Sept-2020)

19.0k

EV

6.7b
EastGroup Properties's current market capitalization is $5.5 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2019

Revenue

173.1m174.6m186.2m202.2m219.8m235.0m253.0m274.2m331.4m

Revenue growth, %

9%7%8%

General and administrative expense

10.3m10.7m10.5m11.7m12.7m15.1m13.2m15.0m16.4m

Operating expense total

10.3m10.7m10.9m11.7m12.7m16.2m15.0m16.3m16.6m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

43.6m43.1m43.3m43.3m44.0m46.8m46.5m47.0m48.3m49.2m51.3m52.8m53.8m56.0m57.6m57.8m58.6m61.6m61.9m63.2m66.2m67.9m68.7m72.2m74.9m75.3m300.4m78.8m82.1m83.9m88.6m89.7m92.0m

General and administrative expense

2.5m2.5m3.0m2.6m2.6m3.1m2.5m2.5m3.4m2.8m2.6m3.4m3.0m3.4m4.5m3.8m3.2m5.3m3.0m2.3m5.5m2.9m3.2m3.5m3.7m3.1m13.7m3.8m4.5m3.2m3.3m4.0m3.7m

Operating expense total

2.5m2.5m3.0m2.6m2.6m3.3m2.7m2.6m3.6m3.0m2.8m3.8m3.2m3.7m4.9m4.1m3.4m5.6m3.4m3.2m5.7m3.2m3.5m4.2m4.0m3.3m14.7m4.1m5.1m3.3m3.5m4.3m4.0m

Depreciation and amortization

16.9m17.2m17.2m17.8m18.1m18.0m18.2m19.2m19.2m19.4m20.2m20.9m21.0m21.7m22.8m23.0m91.7m23.7m27.3m26.0m27.9m28.6m29.2m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2019

Cash

137.0k174.0k1.3m8.0k11.0k48.0k522.0k16.0k224.0k

Accounts Receivable

3.4m3.1m30.1m

Prepaid Expenses

62.4m8.1m7.1m

Inventories

Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

141.0k154.0k108.0k100.0k447.0k205.0k118.0k1.0m24.0k10.0k207.0k1.9m19.0k323.0k173.0k13.0k342.0k12.0k10.0k33.0k44.0k78.0k10.0k37.0k252.0k257.0k374.0k1.8m326.0k130.0k671.0k104.0k19.0k

Accounts Receivable

2.0m2.6m3.1m2.8m3.0m2.6m2.3m

Prepaid Expenses

61.5m62.6m63.3m6.8m5.7m7.3m11.8m5.2m8.3m7.4m

Goodwill

990.0k990.0k990.0k990.0k990.0k990.0k990.0k
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2019

Net Income

18.3m22.8m32.9m33.2m48.5m48.4m96.1m83.6m123.3m

Depreciation and Amortization

58.4m57.5m61.7m65.8m70.3m73.3m77.9m83.9m104.7m

Accounts Payable

(2.3m)5.5m(1.1m)8.9m2.3m6.9m5.7m8.3m6.5m

Cash From Operating Activities

76.9m86.5m91.8m109.8m117.4m131.4m138.9m155.0m195.9m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

9.4m13.4m4.9m10.5m16.3m5.5m13.6m20.5m7.3m15.1m23.6m8.5m17.8m35.6m10.1m24.7m36.8m21.8m65.9m80.7m13.0m50.0m65.9m28.7m47.0m70.1m88.6m49.5m72.1m23.3m

Depreciation and Amortization

29.4m44.1m14.2m28.4m42.8m15.9m31.4m46.8m15.6m31.9m48.9m17.2m34.3m52.1m18.1m36.1m54.4m19.2m38.4m57.8m20.2m41.1m62.1m21.7m44.5m67.5m91.7m23.7m51.0m77.0m27.9m

Accounts Payable

(3.3m)3.1m(6.1m)(965.0k)7.0m(11.1m)(5.0m)2.0m(6.9m)743.0k10.8m(11.3m)(3.1m)8.7m(10.3m)(4.9m)6.8m(15.3m)(4.1m)5.2m(13.7m)(7.3m)10.6m(22.3m)(12.1m)14.0m(2.7m)(5.9m)3.8m25.5m(2.6m)

Cash From Operating Activities

38.2m63.8m14.1m40.3m68.9m12.4m41.6m73.2m17.2m52.8m88.6m17.6m53.7m94.9m21.4m59.7m103.6m18.7m64.4m107.0m23.8m67.2m122.7m21.7m73.7m142.0m164.7m41.5m98.4m170.7m51.4m
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USDQ2, 2010

Financial Leverage

2.8 x
Show all financial metrics

EastGroup Properties Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

Learn more about our premium products
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EastGroup Properties Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

Learn more about our premium products
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EastGroup Properties Online and Social Media Presence

EastGroup Properties's Trends

Embed Graph

EastGroup Properties Company Culture

  • Overall Culture

    C

    71/100

  • CEO Rating

    A-

    80/100

  • Compensation

    C+

    72/100

Learn more on Comparably

EastGroup Properties News and Updates

November 12, 2020

EastGroup Properties Announces Presentation at the Nareit REITworld: 2020 Annual Conference

JACKSON, Miss., Nov. 12, 2020 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) announced today that it is scheduled to present at the Nareit REITworld: 2020 Annual Conference. EastGroup's presentation is scheduled for Wednesday, November 18, 2020 at 3:45 p.m., Eastern Time. The...
June 05, 2020

EastGroup Properties Announces Presentation at Stifel 2020 Cross Sector Insight Conference

JACKSON, Miss., June 5, 2020 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) announced today that Marshall Loeb, President and CEO, will present at the Stifel 2020 Cross Sector Insight Conference on Monday, June 8, 2020 at 2:00 p.m. EDT. The presentation will be broadcast live and...
April 03, 2020

EastGroup Properties Announces First Quarter 2020 Earnings Conference Call and Webcast

JACKSON, Miss., April 3, 2020 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) announced today that it will hold its First Quarter Earnings Conference Call and Webcast on Friday, May 1, 2020 at 11:00 A.M. Eastern Time. On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will review the...
December 20, 2019

EastGroup Properties Announces Fourth Quarter 2019 Earnings Conference Call and Webcast

JACKSON, Miss., Dec. 20, 2019 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) announced today that it will hold its Fourth Quarter Earnings Conference Call and Webcast on Friday, February 7, 2020 at 11:00 A.M. Eastern Time. On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will...
June 24, 2019

EastGroup Properties Announces Second Quarter 2019 Earnings Conference Call and Webcast

JACKSON, Miss., June 24, 2019 /PRNewswire/ -- EastGroup Properties (NYSE-EGP) announced today that it will hold its Second Quarter Earnings Conference Call and Webcast on Thursday, July 25, 2019 at 11:00 A.M. Eastern Time. On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will review...
June 03, 2019

EastGroup Properties Announces Recent Business Activity

JACKSON, Miss., June 3, 2019 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) announced today its recent business activity. In late April, EastGroup Properties, Inc. (the "Company" or "EastGroup") acquired Logistics Center 6 & 7, which contains a total of 142,000 square feet of...
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EastGroup Properties Blogs

July 19, 2018

EastGroup Properties Announces Second Quarter 2018 Results

JACKSON, MISSISSIPPI, July 19, 2018 – EastGroup Properties, Inc. (NYSE: EGP) (the Company) announced today the results of its operations for the three and six months ended June 30, 2018. Commenting on EastGroup’s performance, Marshall Loeb, CEO, stated, “Our second quarter results are a testament to…
July 13, 2018

EastGroup Properties Announces Recent Acquisition Activity

JACKSON, MISSISSIPPI, July 13, 2018 — EastGroup Properties (NYSE:EGP) announced today its recent acquisition activity. In late April 2018, EastGroup (the Company) acquired Gwinnett 316, a 65,000 square foot business distribution building in Atlanta, for $4.4 million. The 100% occupied building is lo…
May 31, 2018

EastGroup Properties Announces Presentation at the NAREIT REITWeek: 2018 Investor Conference

JACKSON, MISSISSIPPI, May 31, 2018 — EastGroup Properties, Inc. (NYSE-EGP) announced today that it is scheduled to present at the NAREIT REITWeek: 2018 Investor Conference. EastGroup’s presentation is scheduled for Tuesday, June 5, 2018 at 10:15 a.m., EDT. The post EastGroup Properties Announces Pre…

 EastGroup Properties Frequently Asked Questions

  • Who are EastGroup Properties key executives?

    EastGroup Properties's key executives are Marshall A. Loeb, John F. Coleman and Ryan M. Collins.

  • How many employees does EastGroup Properties have?

    EastGroup Properties has 75 employees.

  • What is EastGroup Properties revenue?

    Latest EastGroup Properties annual revenue is $331.4 m.

  • What is EastGroup Properties revenue per employee?

    Latest EastGroup Properties revenue per employee is $4.4 m.

  • Who are EastGroup Properties competitors?

    Competitors of EastGroup Properties include Granite Properties, Covivio and Boston Properties.

  • Where is EastGroup Properties headquarters?

    EastGroup Properties headquarters is located at 400 W Parkway Pl #100, Ridgeland.

  • Where are EastGroup Properties offices?

    EastGroup Properties has offices in Ridgeland, Atlanta, Charlotte, Houston and in 8 other locations.

  • How many offices does EastGroup Properties have?

    EastGroup Properties has 12 offices.