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EGP / EastGroup Properties: Solid Core Holding At Less Of A Bargain

EastGroup Properties: Solid Core Holding At Less Of A Bargain
EastGroup Properties, a Sunbelt-focused industrial real estate investment trust, specializes in properties ideal for last-mile distribution for e-commerce and business-to-business uses. After a 25% stock price rally YTD, EGP's price to FFO of 24.6x does not indicate a bargain, but the REIT has shown strong, consistent growth over the last decade. EGP faces challenges from high borrowing costs and the need to refinance maturing debt at higher interest rates, but its strong balance sheet mitigates this headwind. Read More
Posted: Jul 16 2023, 21:22
Author Name: Seeking Alpha
Views: 102159

EGP News  

EastGroup Properties, Inc. (EGP) Q3 2023 Earnings Call Transcript

By Seeking Alpha
October 25, 2023

EastGroup Properties, Inc. (EGP) Q3 2023 Earnings Call Transcript

EastGroup Properties, Inc. (NYSE:EGP ) Q3 2023 Earnings Conference Call October 25, 2023 11:00 AM ET Company Participants Marshall Loeb - President an more_horizontal

EastGroup Properties (EGP) Q3 FFO and Revenues Beat Estimates

By Zacks Investment Research
October 24, 2023

EastGroup Properties (EGP) Q3 FFO and Revenues Beat Estimates

EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $1.95 per share, beating the Zacks Consensus Estimate of $1.93 per s more_horizontal

GOOD vs. EGP: Which Stock Is the Better Value Option?

By Zacks Investment Research
October 9, 2023

GOOD vs. EGP: Which Stock Is the Better Value Option?

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Gladstone Commercial (GOOD) and EastGroup Properties ( more_horizontal

Down -7.79% in 4 Weeks, Here's Why EastGroup Properties (EGP) Looks Ripe for a Turnaround

By Zacks Investment Research
October 4, 2023

Down -7.79% in 4 Weeks, Here's Why EastGroup Properties (EGP) Looks Ripe for a Turnaround

EastGroup Properties (EGP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreem more_horizontal

EastGroup Properties Announces Third Quarter 2023 Earnings Conference Call and Webcast

By PRNewsWire
October 3, 2023

EastGroup Properties Announces Third Quarter 2023 Earnings Conference Call and Webcast

JACKSON, Miss. , Oct. 3, 2023 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold more_horizontal

ESRT vs. EGP: Which Stock Is the Better Value Option?

By Zacks Investment Research
September 21, 2023

ESRT vs. EGP: Which Stock Is the Better Value Option?

Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Empire State Realty Trust (ESRT) and EastG more_horizontal

EastGroup Properties: Wait For A Discount To Buy This Quality Industrial REIT

By Seeking Alpha
September 21, 2023

EastGroup Properties: Wait For A Discount To Buy This Quality Industrial REIT

EastGroup Properties develops and acquires multi-tenant distribution buildings in the Sunbelt. In the recent strong industrial market, EastGroup was a more_horizontal

EastGroup (EGP) Grows Portfolio With Acquisitions & Developments

By Zacks Investment Research
September 11, 2023

EastGroup (EGP) Grows Portfolio With Acquisitions & Developments

EastGroup's (EGP) strategic expansion efforts align with the broader trends in industrial real estate. more_horizontal


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