EastGroup Properties, Inc. (EGP)

$166.41

-1.86 (-1.11%)
Rating:
Recommendation:
Strong Buy
Symbol EGP
Price $166.41
Beta 0.945
Volume Avg. 0.23M
Market Cap 7.390B
Shares () -
52 Week Range 137.47-180.25
1y Target Est -
DCF Unlevered EGP DCF ->
DCF Levered EGP LDCF ->
ROE 9799.50% Strong Buy
ROA 4613.22% Strong Buy
Operating Margin -
Debt / Equity 106.63% Buy
P/E 42.13 Strong Buy
P/B 3.43 Strong Buy
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Mr. Marshall A. Loeb
Real Estate
REIT—Industrial
New York Stock Exchange

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.