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EGP

EastGroup Properties, Inc.

EGP

EastGroup Properties, Inc. • NYSE
$181.18 ▲ 0.00% (+0.00)
Market Cap $9.67 B
52w High $188.89
52w Low $137.67
Dividend Yield 5.75%
P/E 37.98
Volume 124.64K
Outstanding Shares 53.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $182.136M ▲ $5.607M ▲ $66.943M ▲ 36.754% ▲ $1.26 ▲ $128.773M ▲
Q2-2025 $177.286M ▲ $5.29M ▼ $63.299M ▲ 35.704% ▲ $1.21 ▲ $123.324M ▲
Q1-2025 $172.686M ▲ $8.217M ▲ $59.423M ▲ 34.411% ▼ $1.14 ▼ $109.148M ▲
Q4-2024 $164.044M ▲ $4.272M ▼ $58.64M ▲ 35.747% ▲ $1.17 ▲ $95.732M ▼
Q3-2024 $162.876M $5.313M $55.18M 33.879% $1.13 $119.122M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.981M ▼ $5.355B ▲ $1.846B ▲ $3.509B ▲
Q2-2025 $32.921M ▲ $5.19B ▲ $1.782B ▲ $3.407B ▲
Q1-2025 $20.515M ▲ $5.108B ▲ $1.763B ▼ $3.345B ▲
Q4-2024 $17.529M ▲ $5.077B ▲ $1.785B ▼ $3.292B ▲
Q3-2024 $16.957M $4.754B $1.921B $2.832B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $66.943M ▲ $138.905M ▼ $-237.26M ▼ $68.415M ▲ $-29.94M ▼ $120.259M ▲
Q2-2025 $63.299M ▲ $143.373M ▲ $-131.784M ▼ $817K ▲ $12.406M ▲ $119.166M ▲
Q1-2025 $59.437M ▲ $133.708M ▲ $-76.114M ▲ $-54.608M ▼ $2.986M ▲ $113.913M ▲
Q4-2024 $58.654M ▲ $53.894M ▼ $-327.546M ▼ $274.224M ▲ $572K ▲ $43.893M ▼
Q3-2024 $55.222M $122.932M $-125.816M $-19.559M $-22.443M $108.516M

Five-Year Company Overview

Income Statement

Income Statement EastGroup’s income statement shows a pattern of steady, healthy growth over the past several years. Rental income has climbed consistently, and profits have risen along with it rather than being squeezed. Operating margins remain strong, suggesting the company is controlling property and overhead costs well while still being able to raise rents. Earnings per share have advanced at a solid pace, which reflects both higher income and disciplined share management. The main watchpoint is that this performance is tied to the current strength of industrial real estate demand; a slowdown in logistics or regional economies could cool this trend, but there is no sign of that yet in the recent history.

Balance Sheet

Balance Sheet The balance sheet looks like a classic growth-oriented industrial REIT: assets have expanded meaningfully as the company develops and acquires more properties, and shareholders’ equity has grown strongly alongside that. Debt levels are material but have become a bit more manageable relative to the expanding asset base, which points to a generally prudent use of leverage rather than aggressive borrowing. Cash on hand is low, but that is typical for REITs that rely on ongoing rental cash flows and credit facilities instead of holding large idle cash balances. Key risks center on interest rates and refinancing: the company appears to have room, but its property-heavy, debt-supported model will always be sensitive to changes in the credit environment.

Cash Flow

Cash Flow Cash flow from operations has grown steadily, broadly in line with earnings, which suggests that reported profits are backed by actual cash coming in from tenants. After funding development and capital expenditures, the company still generates positive free cash flow, and that free cash flow has been rising over time. This is important for a REIT, as it supports both ongoing property investments and consistent shareholder distributions. Capital spending has been increasing but remains controlled, indicating an active but not reckless development posture. The main sensitivities are the timing of new projects and leasing; if development ramps faster than leasing or if financing costs spike, free cash flow could tighten temporarily even if long-term value is being created.

Competitive Edge

Competitive Edge EastGroup occupies a focused and defensible niche in industrial real estate. Its emphasis on well-located, multi-tenant business distribution facilities in high-growth Sunbelt markets gives it exposure to strong demographic and economic trends. By concentrating on supply-constrained, infill submarkets, it benefits from limited competing land and higher barriers to entry for rivals, which can support rental pricing power and high occupancy. The tenant base is diverse, with many smaller and mid-sized tenants rather than dependence on a few very large ones, helping to spread risk. Its long experience in these specific markets and property types, together with its build-to-suit capabilities, further deepen tenant relationships. The key competitive risks are the cyclical nature of industrial demand, potential overbuilding in certain markets if others copy the strategy, and ongoing pressure to keep properties modern and efficient.

Innovation and R&D

Innovation and R&D While not a traditional R&D-heavy company, EastGroup is clearly using technology and sustainability practices to strengthen its portfolio. It relies on advanced property management platforms to centralize maintenance, automate work orders, and give tenants user-friendly tools for communication and account management, which can improve tenant satisfaction and retention. On the sustainability side, new developments are designed to meet recognized green building standards, with energy-efficient features, smart irrigation systems, and growing use of EV charging infrastructure. These steps support lower operating costs over time, appeal to environmentally conscious tenants, and align with broader ESG expectations. Future innovation is likely to be incremental and operational—better data, smarter buildings, and continued sustainability improvements—rather than headline-grabbing technology breakthroughs.

Summary

Overall, EastGroup presents the picture of a mature but still actively growing industrial REIT with solid fundamentals. Revenue and profit trends are steadily upward, supported by strong margins and cash flows that are closely tied to recurring rental income. The balance sheet shows expanding assets and equity funded with a measured use of debt, which should give it flexibility to keep building and acquiring in attractive markets. Competitively, its tight focus on high-growth, supply-constrained Sunbelt submarkets, multi-tenant distribution assets, and tenant-centric operations provides a meaningful edge. At the same time, the business remains exposed to familiar REIT risks: interest rate shifts, real estate cycles, and the need to keep investing just to maintain the quality and relevance of its portfolio. Taken together, the company looks like a well-run, focused industrial landlord with a clear strategy, good financial discipline, and ongoing—but not risk-free—growth prospects.

NEWS

October 23, 2025 · 4:05 PM UTC

EastGroup Properties Announces Third Quarter 2025 Results

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September 24, 2025 · 4:05 PM UTC

EastGroup Properties Announces Third Quarter 2025 Earnings Conference Call and Webcast

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September 2, 2025 · 4:05 PM UTC

EastGroup Properties Announces Participation in Upcoming Conferences

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