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OFFON

EASTGROUP PROPERTIES, INC.

(EGP)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 09/21 02:26:07 pm
170.705 USD   -0.20%
09/16INSIDER SELL : Eastgroup Properties
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08/26EASTGROUP PROPERTIES : Announces Recent Business Activity
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08/26EASTGROUP PROPERTIES : ­­EastGroup Properties Announces Recent Business Activity
PR
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

EastGroup Properties: Q2 Earnings Snapshot

07/27/2021 | 05:03pm EDT

RIDGELAND, Miss. (AP) _ EastGroup Properties Inc. (EGP) on Tuesday reported a key measure of profitability in its second quarter. The results surpassed Wall Street expectations.

The real estate investment trust, based in Ridgeland, Mississippi, said it had funds from operations of $58.9 million, or $1.47 per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.45 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $27.6 million, or 69 cents per share.

The real estate investment trust posted revenue of $99.6 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $98.6 million.

EastGroup Properties expects full-year funds from operations to be $5.83 to $5.93 per share.

The company's shares have increased 28% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $176.11, a rise of 42% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EGP at https://www.zacks.com/ap/EGP

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

All news about EASTGROUP PROPERTIES, INC.
09/16INSIDER SELL : Eastgroup Properties
MT
08/26EASTGROUP PROPERTIES : Announces Recent Business Activity
PU
08/26EASTGROUP PROPERTIES : ­­EastGroup Properties Announces Recent Business Activity
PR
08/26­­EastGroup Properties, Inc. Purchases DFW Global Logistics Centre, Four Business Distr..
CI
08/26EASTGROUP PROPERTIES : Ups Quarterly Dividend 14% to $0.90 Per Share, Payable Oct. 15 to S..
MT
08/26EASTGROUP PROPERTIES : Announces Dividend Increase
PR
08/26Eastgroup Properties, Inc. Announces Quarterly Dividend, Payable on October 15, 2021
CI
08/26EastGroup Properties, Inc. acquired the DFW Global Logistics Centre for $89.7 million.
CI
08/23EASTGROUP PROPERTIES : Truist Securities Adjusts Price Target on EastGroup Properties to $..
MT
08/13EASTGROUP PROPERTIES : Wells Fargo Adjusts Price Target on EastGroup Properties to $175 Fr..
MT
More news
Analyst Recommendations on EASTGROUP PROPERTIES, INC.
More recommendations
Financials (USD)
Sales 2021 400 M - -
Net income 2021 111 M - -
Net Debt 2021 1 339 M - -
P/E ratio 2021 61,5x
Yield 2021 1,91%
Capitalization 6 894 M 6 894 M -
EV / Sales 2021 20,6x
EV / Sales 2022 19,3x
Nbr of Employees 80
Free-Float 98,1%
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Technical analysis trends EASTGROUP PROPERTIES, INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 171,04 $
Average target price 173,92 $
Spread / Average Target 1,69%
EPS Revisions
Managers and Directors
Marshall A. Loeb President, Chief Executive Officer & Director
Brent W. Wood Chief Financial Officer, Treasurer & EVP
David H. Hoster Chairman
Brian V. Laird Chief Information Officer & Vice President
D. Pike Aloian Independent Director
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