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EastGroup Properties Announces the Income Tax Treatment of its 2025 Distributions
Prnewswire· 2026-01-23 21:35
JACKSON, Miss., Jan. 23, 2026 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today the income tax treatment of its 2025 distributions as described below.  Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of EastGroup distributions. Common Stock:Ticker Symbol EGP, CUSIP #277 276 101 RecordDates PaymentDates TotalDistributionsPer Share (1) OrdinaryDividends Capital Gain Distributions Unrecaptured ...
EastGroup Properties Announces Revised Time for Fourth Quarter 2025 Earnings Conference Call and Webcast
Prnewswire· 2026-01-09 21:05
Core Viewpoint - EastGroup Properties, Inc. has announced a revision to the timing of its Fourth Quarter 2025 Earnings Conference Call, which will now take place an hour earlier due to a scheduling conflict with another industrial REIT's earnings call [1]. Group 1: Earnings Conference Call Details - The Fourth Quarter 2025 Earnings Conference Call will be held at 10:00 a.m. Eastern Time on February 5, 2026 [1]. - Financial results for the quarter will be released after the market closes on February 4, 2026, and will be available on the Company's website [2]. - A live broadcast of the conference call can be accessed by dialing 1-800-836-8184 or through a webcast link on the Company's website [3]. Group 2: Company Overview - EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on industrial properties in high-growth markets across the United States, particularly in Texas, Florida, California, Arizona, and North Carolina [4]. - The Company aims to maximize shareholder value by providing functional and quality business distribution space for location-sensitive customers, primarily in the 20,000 to 100,000 square foot range [4]. - EastGroup's portfolio includes approximately 65 million square feet, encompassing development projects and value-add acquisitions [4].
EastGroup Properties: Steady REIT For Total Returns
Seeking Alpha· 2025-12-24 13:44
Core Insights - The article discusses the author's journey from a political career to value investing, emphasizing the importance of risk management and long-term wealth growth [1] Group 1: Career Transition - The author initially pursued a career in politics but shifted to finance after facing challenges in 2019, recognizing the need for financial stability [1] - The transition to value investing was motivated by a desire to make money work effectively and to protect against future setbacks [1] Group 2: Professional Experience - From 2020 to 2022, the author worked in a sales role at a law firm, where they became the top-grossing salesman and managed a team, contributing to sales strategy [1] - The experience gained during this period was instrumental in assessing company prospects based on sales strategies [1] Group 3: Investment Advisory Role - Between 2022 and 2023, the author served as an investment advisory representative with Fidelity, focusing on 401K planning [1] - The author excelled in this role, passing Series exams ahead of schedule, but felt constrained by Fidelity's reliance on modern portfolio theory, leading to a decision to leave after one year [1] Group 4: Current Endeavors - In November 2023, the author began writing for Seeking Alpha, sharing investment opportunities and insights with readers [1] - The articles reflect the author's personal investment journey and the opportunities they seek, inviting readers to join in this process [1]
EastGroup Properties Announces Leadership Promotions
Prnewswire· 2025-12-16 21:05
Leadership Changes - EastGroup Properties, Inc. announced a series of leadership promotions effective January 1, 2026, to support long-term growth [1] - The promotions reflect the company's confidence in the leadership team's ability to drive shareholder value and enhance operational alignment [1][7] - Reid Dunbar will become President, Staci Tyler will become Chief Financial Officer, Brent Wood will assume the role of Chief Operating Officer, and Michelle Rayner will become Chief Accounting Officer [7] Executive Profiles - Reid Dunbar has been with EastGroup since 2017, leading the Central Region and driving portfolio growth [1] - Staci Tyler, an 18-year veteran, will lead all aspects of the financial strategy, including capital markets and investor relations [2] - Brent Wood, with nearly 30 years at EastGroup, will oversee leasing and asset management for approximately 65 million square feet [3] - Michelle Rayner joined in 2011 and has extensive experience in accounting and financial reporting [4] Succession Planning - John Coleman, Executive Vice President of the Eastern Region, will retire on June 30, 2026, after a 25-year tenure [5] - Todd Johnson will succeed Coleman as Executive Vice President of the Eastern Region, having delivered strong results in Florida markets [5][6] Company Overview - EastGroup is a self-administered equity real estate investment trust focused on industrial properties in high-growth markets across the U.S. [8] - The company aims to maximize shareholder value by providing quality business distribution space, primarily in the 20,000 to 100,000 square foot range [8] - The current portfolio includes approximately 65 million square feet, with a strategy centered on premier distribution facilities near major transportation features [8]
EastGroup Properties Announces 184th Consecutive Quarterly Cash Dividend
Prnewswire· 2025-12-12 18:06
Core Points - EastGroup Properties, Inc. declared a quarterly cash dividend of $1.55 per share, payable on January 15, 2026, to shareholders of record on December 31, 2025, marking the 184th consecutive quarterly distribution [1] - The annualized dividend rate is $6.20 per share, and the company has maintained or increased its dividend for 33 consecutive years, with increases in 30 of those years, including each of the last 14 years [1] Company Overview - EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition, and operation of industrial properties in high-growth markets across the United States, particularly in Texas, Florida, California, Arizona, and North Carolina [2] - The company's strategy aims to maximize shareholder value by providing functional, flexible, and quality business distribution space for location-sensitive customers, primarily in the 20,000 to 100,000 square foot range [2] - EastGroup's portfolio, including development projects and value-add acquisitions, currently encompasses approximately 64.5 million square feet [2]
EastGroup Properties (NYSE:EGP) Receives "Overweight" Rating from Barclays
Financial Modeling Prep· 2025-12-04 14:06
Core Viewpoint - EastGroup Properties (EGP) is a real estate investment trust (REIT) focusing on industrial properties in major Sunbelt markets, known for strategic investments in high-demand areas contributing to growth and stability [1] Group 1: Company Overview - EGP specializes in the development, acquisition, and operation of industrial properties [1] - The company operates in a competitive landscape with Cousins Properties (CUZ) as a notable competitor, focusing on office properties [1] Group 2: Stock Performance and Ratings - Barclays upgraded EGP to an "Overweight" rating on December 4, 2025, indicating a positive outlook despite a current Zacks Rank of 4 (Sell) [2] - EGP's stock price at the time of the upgrade was $179.24, suggesting potential for outperformance in the market [2] - EGP's current stock price reflects a slight decrease of 0.12% or $0.21, with a trading range today between $177.35 and $179.715 [4] Group 3: Market Comparison - Investors should consider the Zacks Rank when comparing EGP with Cousins Properties, as CUZ holds a Zacks Rank of 2 (Buy), indicating a more favorable earnings outlook [3] - EGP has a market capitalization of approximately $9.56 billion and a trading volume of 365,686 shares on the NYSE [4]
CUZ vs. EGP: Which Stock Is the Better Value Option?
ZACKS· 2025-11-28 17:41
Core Insights - Investors in the REIT and Equity Trust - Other sector should consider Cousins Properties (CUZ) and EastGroup Properties (EGP) for potential undervalued stock opportunities [1] Valuation Metrics - Cousins Properties has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while EastGroup Properties has a Zacks Rank of 4 (Sell) [3] - CUZ has a forward P/E ratio of 9.08, significantly lower than EGP's forward P/E of 20.23, suggesting CUZ may be undervalued [5] - The PEG ratio for CUZ is 2.04, compared to EGP's PEG ratio of 2.73, indicating CUZ has a more favorable earnings growth outlook relative to its valuation [5] - CUZ's P/B ratio is 0.91, while EGP's P/B ratio is 2.75, further supporting the argument that CUZ is undervalued [6] - Overall, CUZ has a Value grade of B, while EGP has a Value grade of D, highlighting CUZ's stronger valuation metrics [6] Conclusion - Given the stronger estimate revision activity and more attractive valuation metrics, CUZ is positioned as the superior option for value investors compared to EGP [7]
Picking A Winner In Industrial REITs
Seeking Alpha· 2025-11-28 13:00
Core Viewpoint - The current environment is favorable for investing in REITs, with 66% of investors anticipating a decrease in the Fed Funds rate to between 2.75% and 3.50% over the next 12 months [1]. Group 1: Investment Environment - A significant majority of investors (66%) expect a reduction in the Fed Funds rate, which could enhance the attractiveness of REITs as an investment option [1].
EastGroup Properties (EGP)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2025-10-28 14:55
Core Viewpoint - EastGroup Properties, Inc. (EGP) is showing potential for a bullish breakout as it has reached a key support level and experienced a "golden cross" in its moving averages [1][2]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), indicating a potential bullish trend [2]. - The formation of a golden cross involves three stages: a downtrend that bottoms out, the crossover of moving averages, and subsequent upward momentum in stock prices [3]. Recent Performance - EGP shares have increased by 5.6% over the past four weeks, indicating positive momentum [4]. - The company holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be positioned for further gains [4]. Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with one revision higher in the past 60 days, and the Zacks Consensus Estimate has also increased [4]. - The positive movement in earnings estimates, combined with the technical indicators, suggests that EGP may continue to attract investor interest for potential gains [5].
CUZ or EGP: Which Is the Better Value Stock Right Now?
ZACKS· 2025-10-27 16:41
Core Viewpoint - The article compares Cousins Properties (CUZ) and EastGroup Properties (EGP) to determine which stock is more attractive to value investors [1] Group 1: Investment Strategies - Value investors often utilize a combination of a strong Zacks Rank and high grades in the Value category to identify potential stocks [2] - The Zacks Rank focuses on companies with positive earnings estimate revisions, while Style Scores assess companies based on specific characteristics [2][3] Group 2: Valuation Metrics - Both CUZ and EGP currently hold a Zacks Rank of 2 (Buy), indicating positive earnings outlooks for both companies [3] - CUZ has a forward P/E ratio of 9.40, significantly lower than EGP's forward P/E of 19.78 [5] - CUZ's PEG ratio is 2.40, while EGP's PEG ratio stands at 3.61, suggesting CUZ may be more attractive based on growth expectations [5] - CUZ's P/B ratio is 0.93, compared to EGP's P/B ratio of 2.69, further indicating CUZ's relative undervaluation [6] - Based on these valuation metrics, CUZ is rated with a Value grade of B, while EGP has a Value grade of D, suggesting CUZ is the superior value option [6]