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EastGroup Properties (EGP) Q3 FFO Lag Estimates
ZACKS· 2025-10-23 22:21
EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $2.27 per share, missing the Zacks Consensus Estimate of $2.28 per share. This compares to FFO of $2.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -0.44%. A quarter ago, it was expected that this real estate investment trust would post FFO of $2.2 per share when it actually produced FFO of $2.21, delivering a surprise of +0.45%.Over the last four ...
East Properties(EGP) - 2025 Q3 - Quarterly Report
2025-10-23 20:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 1-07094 EASTGROUP PROPERTIES, INC. (Exact Name of Registrant as Specified in its Charter ...
East Properties(EGP) - 2025 Q3 - Quarterly Results
2025-10-23 20:05
Exhibit 99.1 EastGroup Properties Announces Third Quarter 2025 Results Quarter Highlights JACKSON, MISSISSIPPI, October 23, 2025 - EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today the results of its operations for the three and nine months ended September 30, 2025. Commenting on EastGroup's performance, Marshall Loeb, CEO, stated, "I'm proud of the quarterly results the team created this quarter as well as year-to-date. These results are a testament to our te ...
EastGroup Properties: A Longer-Term Industrial REIT To Bet On (NYSE:EGP)
Seeking Alpha· 2025-10-14 13:44
Group 1 - Albert Anthony is a Croatian-American business author and media contributor on investor platforms, with over 1,000 followers on Seeking Alpha [1] - He has a background in IT analysis for Fortune 500 companies and worked in technical support at Charles Schwab in 2021 [1] - Albert Anthony has launched his own equities research firm, Albert Anthony & Company, which operates 100% remotely [1] Group 2 - He is currently pursuing the CMSA certification at the Corporate Finance Institute in Vancouver [1] - Albert Anthony has participated in numerous business and innovation conferences in the EU market, particularly in Croatia [1] - He is also active in digital media, including a YouTube channel focused on Real Estate Investment Trusts (REITs) [1]
EastGroup Properties: A Longer-Term Industrial REIT To Bet On As Portfolio Grows
Seeking Alpha· 2025-10-14 13:44
Core Insights - Albert Anthony is a Croatian-American business author and media contributor with a focus on real estate investment trusts (REITs) [1] - He has a background in IT analysis for Fortune 500 companies and experience in financial services with Charles Schwab [1] - Anthony is launching a book on REITs in 2025 and manages his own equities research firm remotely [1] Background and Experience - Albert Anthony has over 1,000 followers on Seeking Alpha and writes for various financial platforms [1] - He has participated in numerous business and innovation conferences in the EU and has a degree from Drew University [1] - Currently enrolled in the CMSA certification program at the Corporate Finance Institute in Vancouver [1] Media and Digital Presence - Anthony is active in digital media, including a YouTube channel focused on REITs [1] - He has appeared in regional media channels in Croatia and has had extra roles in over five productions [1] - The author does not engage with non-publicly traded companies or small-cap stocks [1]
EastGroup Properties Is A Dividend Growth Investor's Dream Stock
Seeking Alpha· 2025-10-14 12:10
Group 1 - The article highlights the expertise of Austin Rogers as a REIT specialist with a focus on high-quality dividend growth stocks aimed at generating safe and growing passive income streams [1] - The investment strategy emphasizes a lifelong holding period, prioritizing portfolio income growth over total returns [1] Group 2 - The article mentions that High Yield Landlord is one of the largest real estate investment communities on Seeking Alpha, providing exclusive research on the global REIT sector [1] - It offers multiple real money portfolios, an active chat room, and direct access to analysts for its members [1]
EastGroup Properties Is A Dividend Growth Investor's Dream Stock (NYSE:EGP)
Seeking Alpha· 2025-10-14 12:10
Group 1 - The article highlights the expertise of Austin Rogers as a REIT specialist with a focus on high-quality dividend growth stocks aimed at generating safe and growing passive income streams [1] - The investment philosophy emphasizes a lifelong holding period, prioritizing portfolio income growth over total returns [1] Group 2 - The High Yield Landlord investing group is noted for its extensive research on the global REIT sector and offers various resources including real money portfolios and an active chat room for members [1]
EastGroup Properties Announces Third Quarter 2025 Earnings Conference Call and Webcast
Prnewswire· 2025-09-24 20:05
JACKSON, Miss. , Sept. 24, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Third Quarter 2025 Earnings Conference Call and Webcast on Friday, October 24, 2025, at 11:00 a.m. Eastern Time. On the call, senior management will discuss the Company's third quarter results, current operations, and earnings outlook for 2025. EastGroup plans to release financial results for the quarter after the market closes on Thursday, October 23 ...
2 'Wide Moat' REITs That Are Hard To Beat
Seeking Alpha· 2025-08-03 11:00
Group 1 - The iREIT®+HOYA Capital investment group focuses on various income-oriented alternatives including REITs, BDCs, MLPs, and Preferreds, supported by a team with over 100 years of combined experience [1] - The iREIT® Tracker provides comprehensive data on more than 250 tickers, including quality scores and buy/trimming targets [1] - Brad Thomas, a key figure in the investment group, has over 30 years of experience in real estate investing and has been involved in transactions exceeding $1 billion [2]
East Group: Growth From Superior Location And Segment
Seeking Alpha· 2025-08-01 21:54
Core Thesis - East Group Properties (EGP) is an industrial REIT with a focus on sub-150K square foot warehouses in the Sunbelt, positioned for approximately 10% annual growth in AFFO per share, yet currently trading at a low AFFO multiple of 21.8X, making it one of the cheapest industrial REITs on a leverage-neutral basis [2][56]. Company Track Record - EGP has demonstrated a consistent track record of net operating income (NOI) growth, even during economic downturns, with only slight declines in NOI during challenging periods [7][3]. - The company's conservative management style, led by CEO Marshall Loeb, has resulted in a strong performance and a low debt-to-capital ratio of 13.97%, which is below the optimal range for REITs [3][42]. Valuation Metrics - EGP's AFFO multiple has decreased from 34.8X to 21.8X, indicating a significant drop in valuation, which has transitioned from premium to undervalued [9][8]. - The consensus net asset value (NAV) for EGP is estimated at $179.49, with the stock currently trading at about 90% of NAV [36][39]. Market Positioning - EGP is well-positioned geographically, with a focus on smaller properties that have lower vacancy rates compared to larger assets, maintaining an occupancy rate of 97.3% [30][26]. - The company operates in strong markets such as Dallas, Houston, Orlando, and Tampa, which account for nearly 40% of its revenues [35][33]. Growth Potential - EGP is expected to grow AFFO per share to $10.52 by 2029, driven by favorable leasing spreads and ongoing development projects [54][49]. - The company has a development pipeline of 4 million square feet with a projected investment of $573 million, indicating strong growth prospects [47][48]. Industry Overview - The industrial sector has seen a surge in development activity post-pandemic, but the pace is slowing, with vacancy rates rising to just over 7% [16][22]. - Despite the increase in vacancy, rental rates remain strong, with average rents exceeding $10 per square foot, and demand is expected to remain healthy as construction activity wanes [22][25].