EP

Eastgroup Properties

EGP
NYSEReal Estate
$200.04
USD
+1.91(+0.96%)
At close: Apr 30, 14:43 UTC
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Open

$199.95

Prev. Close

$199.95

High

$200.04

Low

$199.95

Market Snapshot

Market Cap

$10.57B

P/E Ratio

36.1

EPS

4.68

Revenue

$640.23M

Employees

103

Why EGP moved

EastGroup Properties announced Q1 sales of $190.23 million and net income of $94.62 million, prompting an increase in earnings guidance for the upcoming quarters.

About

EastGroup Properties, Inc. is an internally-managed equity real estate investment trust, which engages in the development, acquisition, and operation of industrial properties. The company is headquartered in Ridgeland, Mississippi and currently employs 103 full-time employees. The firm's strategy for growth is based on ownership of distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The firm's portfolio, including development projects and value-add acquisitions in lease-up and under construction, includes approximately 63.9 million square feet. The firm's properties are primarily in the 20,000 to 100,000 square foot range. The majority of the Company’s leases are triple net leases, in which the tenant is responsible for their pro rata share of operating expenses during the lease term, including real estate taxes, insurance and common area maintenance.

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