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Eastgroup Properties Inc   (EGP)
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Price: $179.0000 $3.31 1.884%
Day's High: $179.395 Week Perf: -0.09 %
Day's Low: $ 173.00 30 Day Perf: 0.88 %
Volume (M): 337 52 Wk High: $ 188.85
Volume (M$): $ 60,234 52 Wk Avg: $172.27
Open: $175.00 52 Wk Low: $152.45



 Market Capitalization (Millions $) 8,119
 Shares Outstanding (Millions) 45
 Employees 202
 Revenues (TTM) (Millions $) 571
 Net Income (TTM) (Millions $) 201
 Cash Flow (TTM) (Millions $) 40
 Capital Exp. (TTM) (Millions $) 604

Eastgroup Properties Inc
Eastgroup Properties Inc. is a real estate investment trust (REIT) that specializes in the ownership, acquisition, development, and operation of industrial properties in high-growth markets throughout the United States. Eastgroup Properties Inc. was founded in 1968 and is headquartered in Ridgeland, Mississippi.

Eastgroup Properties Inc. owns and operates over 40 million square feet of industrial properties across 14 states that are primarily located in the Sunbelt region of the United States. The company focuses on markets with strong economic and demographic trends, such as Houston, Dallas, Atlanta, Phoenix, and Tampa.

The company's portfolio consists of primarily single-tenant, multi-tenant, and industrial business parks that serve a wide variety of tenants from different industries, including technology, logistics, distribution, and manufacturing. The company's properties are typically Class A industrial properties that are well-located and well-maintained, providing a safe and secure environment for its tenants.

Eastgroup Properties Inc. has a strong track record of growth, both organically and through acquisitions. The company prides itself on its disciplined approach to acquisitions, which has allowed it to maintain a conservative balance sheet and a strong financial position.

Eastgroup Properties Inc. is committed to sustainable development practices and has implemented several initiatives to reduce its environmental footprint. The company has been recognized for its sustainability efforts by various organizations, including the National Association of Real Estate Investment Trusts and the U.S. Green Building Council.

Eastgroup Properties Inc. is led by an experienced management team that has a deep knowledge of the industrial real estate market. The company has a strong culture of accountability, transparency, and collaboration, which has contributed to its long-term success.

In summary, Eastgroup Properties Inc. is a leading industrial real estate investment trust that specializes in owning and operating high-quality industrial properties in high-growth markets across the United States. With a strong track record of growth, commitment to sustainability, and experienced management team, Eastgroup Properties Inc. is well-positioned to continue delivering value to its stakeholders in the years to come.


   Company Address: 400 W Parkway Place Ridgeland, 39157 MS
   Company Phone Number: 354-3555   Stock Exchange / Ticker: NYSE EGP
   


   

Stock Performances by Major Competitors

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Eastgroup Properties Inc

Eastgroup Properties Inc Shines Amidst Stock Market Chaos, Records Impressive 55.48% Surge in Income per Share during Q4 2023



The stock market has always been subject to unpredictable fluctuations, but every now and then, certain companies manage to stand out amidst the chaos. One such company is Eastgroup Properties Inc, a Real Estate Investment Trusts (REITs) firm that recently released its financial reports for the fourth quarter of 2023. These reports showcase remarkable growth in profits and revenue, painting an optimistic picture for investors and a strong future ahead.
Strong Fourth Quarter Performance:
Directing our attention to the fourth quarter of 2023, Eastgroup Properties Inc experienced a significant jump in profits, increasing by 55.48% to $1.29 per share. This prosperous growth was accompanied by a revenue increase of 14.871% to $149.15 million, marking a commendable performance compared to the prior year period.

Eastgroup Properties Inc

Game-Changing Success: Real Estate Investment Trusts Company Shocks Market with Astonishing Revenue Surge in Q3 2023



Eastgroup Properties Inc (EGP) has recently unveiled its financial span for the third quarter of 2023, showcasing a remarkable rise in both revenue and bottom-line. This article will highlight the significant facts from EGP's financial report and draw attention to its positive trajectory amidst its Real Estate Investment Trusts (REITs) sector contemporaries.
Revenue Growth
In Q3 2023, EGP witnessed a significant revenue growth of 16.61%, generating $146.53 million in revenue. This substantial increase indicates the company's ability to effectively capitalize on market opportunities. Comparatively, EGP's revenue growth outshone the overall REITs sector, which witnessed a 9.20% rise during the same period.

Eastgroup Properties Inc

Eastgroup Properties Braces for 17.995% Revenue Spike amidst 11.01% Profit Plunge in Q2-2023!



Eastgroup Properties Inc, a Real Estate Investment Trusts (REITs) company, experienced a decline in profits despite significant revenue growth in the second quarter of 2023. This article will delve into the financial results of the company, providing key figures and contextual information. Furthermore, we will examine Eastgroup Properties Inc's recent performance in the stock market.
Financial Results:
In the second quarter of 2023, Eastgroup Properties Inc witnessed a decrease in income by 11.01%, reaching $0.97 per share. However, revenue showed a remarkable increase of 17.995%, amounting to $139.89 million in comparison to the same reporting period a year ago. It is noteworthy that although revenue rose considerably, the business gain fell short by 41.76% when compared to the second quarter of 2022. Additionally, earnings per share (EPS) decreased by 4.9% from the prior reporting period, from $1.02 to $0.97 per share. Despite this slight drop in EPS, the revenue still grew by 3.601%, from $135.03 million in the previous year's comparable period.






 

Eastgroup Properties Inc's Segments
 
 
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  Revenue Outlook
Eastgroup Properties Inc does not provide revenue guidance.

Earnings Outlook
Eastgroup Properties Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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