NYSE : EGP
EastGroup Properties, Inc. — Financial statements
Real Estate · REIT - Industrial · United States
Last price 199.77 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 10.72B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 770.35M | 719.42M | 638.03M | 566.18M | 486.82M | 409.41M |
| Other Revenue | -1.63M | 156.00K | 491.00K | 4.41M | 208.00K | 63.00K |
| Total Revenue | 768.73M | 719.57M | 638.53M | 570.59M | 487.02M | 409.48M |
| Property Expenses | 202.14M | 192.24M | 174.21M | 154.03M | 133.91M | 115.08M |
| Selling, General & Administrative | 27.10M | 24.80M | 21.40M | 17.34M | 16.91M | 16.40M |
| Depreciation & Amortization | 227.18M | 216.73M | 189.41M | 171.08M | 153.64M | 127.10M |
| Total Operating Expenses | 456.42M | 433.77M | 385.03M | 342.45M | 304.46M | 258.58M |
| Operating Income | 312.31M | 285.80M | 253.50M | 228.14M | 182.56M | 150.89M |
| Interest Expense | -36.40M | -32.11M | -38.96M | -48.00M | -38.50M | -32.95M |
| Other Non-Operating Income | 10.29M | 3.77M | 4.51M | 2.44M | 1.21M | 830.00K |
| EBT Excluding Unusual Items | 286.20M | 257.46M | 219.06M | 182.58M | 145.28M | 118.78M |
| Gain (Loss) on Sale of Assets | 30.07M | 8.75M | 17.96M | 41.00M | 38.86M | |
| Pretax Income | 316.28M | 257.46M | 227.81M | 200.55M | 186.27M | 157.64M |
| Earnings From Continuing Operations | 316.28M | 257.46M | 227.81M | 200.55M | 186.27M | 157.64M |
| Minority Interest in Earnings | -14.00K | -56.00K | -56.00K | -57.00K | -92.00K | -81.00K |
| Net Income | 316.26M | 257.40M | 227.75M | 200.49M | 186.18M | 157.56M |
| Net Income to Common | 316.26M | 257.40M | 227.75M | 200.49M | 186.18M | 157.56M |
| Basic Shares Outstanding | 53.51M | 52.72M | 48.80M | 45.22M | 42.60M | 40.26M |
| Diluted Shares Outstanding | 53.64M | 52.81M | 48.91M | 45.33M | 42.71M | 40.38M |
| EPS (Basic) | 5.91 | 4.88 | 4.67 | 4.43 | 4.37 | 3.91 |
| EPS (Diluted) | 5.90 | 4.87 | 4.66 | 4.42 | 4.36 | 3.90 |
| Dividend Per Share | 6.40 | 5.90 | 5.34 | 5.04 | 4.70 | 3.58 |
| Operating Margin | 40.63% | 39.72% | 39.70% | 39.98% | 37.49% | 36.85% |
| Profit Margin | 41.14% | 35.77% | 35.67% | 35.14% | 38.23% | 38.48% |
| EBITDA | 503.62M | 468.24M | 414.47M | 374.61M | 314.69M | 260.74M |
| EBITDA Margin | 65.51% | 65.07% | 64.91% | 65.65% | 64.61% | 63.68% |
| D&A For Ebitda | 191.31M | 182.44M | 160.97M | 146.46M | 132.12M | 109.84M |
| EBIT | 312.31M | 285.80M | 253.50M | 228.14M | 182.56M | 150.89M |
| EBIT Margin | 40.63% | 39.72% | 39.70% | 39.98% | 37.49% | 36.85% |
| Funds From Operations (FFO) | 508.78M | 474.25M | 408.17M | 353.28M | 298.93M | 245.93M |
| FFO Per Share | 8.98 | 8.35 | 7.79 | 7.00 | 6.09 | |
| Adjusted Funds From Operations (AFFO) | 474.25M | 408.17M | 353.28M | 298.93M | 245.93M | |
| AFFO Per Share | 8.98 | 8.35 | 7.79 | 7.00 | 6.09 | |
| FFO Payout Ratio | 65.38% | 63.79% | 61.93% | 63.87% | 64.88% | 53.58% |
| Revenue as Reported | 770.49M | 721.34M | 640.23M | 570.59M | 487.02M | 409.48M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 5.36B | 5.12B | 4.76B | 4.22B | 3.79B | 3.02B |
| Cash & Equivalents | 284.00K | 1.01M | 17.53M | 40.26M | 56.00K | 4.39M |
| Accounts Receivable | 119.22M | 112.82M | 93.75M | 82.34M | 71.02M | 59.10M |
| Other Receivables | 264.00K | 4.66M | 3.86M | 1.43M | 2.83M | 7.68M |
| Goodwill | 990.00K | 990.00K | 990.00K | 990.00K | 990.00K | 990.00K |
| Other Intangible Assets | 38.08M | 36.76M | 38.85M | 20.37M | 21.15M | 18.90M |
| Other Current Assets | 22.71M | 21.97M | 18.12M | 15.52M | 16.53M | 22.44M |
| Trading Asset Securities | 23.29M | 10.50M | 21.95M | 27.37M | 38.35M | 2.24M |
| Deferred Long-Term Charges | 127.71M | 117.97M | 110.40M | 101.09M | 92.02M | 74.58M |
| Other Long-Term Assets | 6.54M | 7.01M | 7.45M | 7.54M | 7.23M | 7.32M |
| Total Assets | 5.78B | 5.43B | 5.08B | 4.52B | 4.04B | 3.22B |
| Current Portion of Long-Term Debt | 140.00M | 142.14M | 145.00M | 172.48M | 116.98M | 935.00K |
| Current Portion of Leases | 2.95M | |||||
| Long-Term Debt | 1.67B | 1.49B | 1.36B | 1.50B | 1.75B | 1.45B |
| Long-Term Leases | 37.48M | 35.81M | 41.66M | 21.64M | 22.05M | 24.93M |
| Accounts Payable | 10.72M | 12.22M | 10.63M | 10.02M | 13.75M | 13.11M |
| Accrued Expenses | 114.25M | 31.36M | 26.61M | 24.17M | 16.42M | 11.04M |
| Other Current Liabilities | 128.94M | 117.31M | 110.11M | 112.15M | 93.45M | 80.77M |
| Long-Term Unearned Revenue | 24.80M | 24.89M | 24.81M | 20.07M | 17.00M | 16.40M |
| Other Long-Term Liabilities | 73.07M | 72.20M | 67.56M | 45.23M | 42.64M | 40.07M |
| Total Liabilities | 2.20B | 1.94B | 1.78B | 1.91B | 2.08B | 1.64B |
| Common Stock | 5.00K | 5.00K | 5.00K | 5.00K | 4.00K | 4.00K |
| Additional Paid-In Capital | 4.02B | 3.95B | 3.67B | 2.95B | 2.25B | 1.89B |
| Distributions in Excess of Earnings | -471.91M | -458.95M | -403.17M | -366.47M | -334.90M | -318.06M |
| Comprehensive Income & Other | 23.29M | 8.36M | 21.95M | 24.89M | 36.37M | 1.30M |
| Total Common Equity | 3.57B | 3.50B | 3.29B | 2.61B | 1.95B | 1.57B |
| Minority Interest | 403.00K | 387.00K | 365.00K | 307.00K | 441.00K | 1.39M |
| Shareholders' Equity | 3.57B | 3.50B | 3.29B | 2.61B | 1.95B | 1.57B |
| Total Liabilities & Equity | 5.78B | 5.43B | 5.08B | 4.52B | 4.04B | 3.22B |
| Total Debt | 1.85B | 1.68B | 1.55B | 1.70B | 1.90B | 1.48B |
| Net Cash (Debt) | -1.83B | -1.67B | -1.51B | -1.63B | -1.86B | -1.48B |
| Net Cash Per Share | -34.10 | -31.54 | -30.79 | -35.99 | -43.56 | -36.55 |
| Filing Date Shares Outstanding | 53.68M | 53.24M | 51.94M | 47.88M | 43.46M | 41.14M |
| Total Common Shares Outstanding | 53.68M | 53.26M | 51.74M | 47.62M | 43.48M | 41.16M |
| Book Value Per Share | 66.55 | 65.64 | 63.63 | 54.77 | 44.92 | 38.14 |
| Tangible Book Value | 3.53B | 3.46B | 3.25B | 2.59B | 1.93B | 1.55B |
| Tangible Book Value Per Share | 65.82 | 64.94 | 62.86 | 54.33 | 44.41 | 37.66 |
| Land | 977.32M | 951.79M | 888.14M | 814.36M | 730.45M | 544.50M |
| Buildings | 4.40B | 4.17B | 3.82B | 3.34B | 3.01B | 2.41B |
| Construction In Progress | 779.48M | 710.20M | 674.47M | 639.65M | 538.45M | 504.61M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 316.26M | 257.40M | 227.75M | 200.49M | 186.18M | 157.56M |
| Depreciation & Amortization | 191.31M | 182.44M | 160.97M | 146.46M | 132.12M | 109.84M |
| Other Amortization | 29.55M | 28.03M | 25.52M | 22.13M | 18.95M | 16.21M |
| Gain (Loss) on Sale of Assets | -34.78M | -9.11M | -18.41M | -41.00M | -38.86M | |
| Stock-Based Compensation | 12.65M | 11.79M | 10.48M | 8.96M | 8.29M | 7.51M |
| Change in Accounts Payable | 24.00M | 12.79M | 11.13M | -5.92M | 17.18M | 13.30M |
| Change in Other Net Operating Assets | -3.11M | -18.57M | -13.41M | -15.41M | -9.29M | -11.57M |
| Other Operating Activities | 6.92M | 6.84M | 3.26M | -101.00K | 4.07M | 2.51M |
| Operating Cash Flow | 542.80M | 480.73M | 416.59M | 338.20M | 316.50M | 256.49M |
| Acquisition of Real Estate Assets | -522.61M | -540.86M | -694.33M | -604.45M | -536.97M | -563.67M |
| Sale of Real Estate Assets | 56.27M | 3.37M | 17.66M | 41.54M | 51.01M | 44.26M |
| Net Sale / Acq. of Real Estate Assets | -466.34M | -537.49M | -676.67M | -562.91M | -485.97M | -519.41M |
| Other Investing Activities | -50.78M | -38.79M | -47.67M | -7.15M | -35.18M | -9.85M |
| Investing Cash Flow | -517.11M | -576.28M | -724.34M | -570.06M | -521.15M | -529.26M |
| Long-Term Debt Issued | 590.34M | 64.97M | 571.62M | 1.47B | 800.52M | |
| Long-Term Debt Repaid | -466.50M | -234.97M | -758.59M | -1.12B | -658.23M | |
| Net Debt Issued (Repaid) | 326.54M | 123.84M | -170.00M | -186.97M | 350.69M | 142.29M |
| Issuance of Common Stock | 69.30M | 264.07M | 717.66M | 692.31M | 75.62M | 273.41M |
| Common Dividends Paid | -332.65M | -302.51M | -252.79M | -225.62M | -193.94M | -131.76M |
| Other Financing Activities | -8.60M | -6.38M | -9.84M | -7.65M | -32.07M | -6.80M |
| Net Cash Flow | 80.27M | -16.52M | -22.73M | 40.21M | -4.34M | 4.37M |
| Levered Free Cash Flow | 331.13M | 370.66M | 315.62M | 303.96M | 266.96M | 232.34M |
| Unlevered Free Cash Flow | 353.88M | 390.73M | 339.96M | 333.96M | 291.02M | 252.93M |
| Cash Interest Paid | 34.43M | 30.56M | 37.19M | 47.23M | 34.11M | 31.66M |
| Change in Working Capital | 20.89M | -5.77M | -2.28M | -21.34M | 7.88M | 1.73M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.67B | 9.49B | 7.93B | 8.49B | 6.44B | 9.25B |
| Enterprise Value | 12.50B | 11.00B | 9.55B | 10.14B | 8.11B | 10.62B |
| Last Close Price | 198.85 | 173.80 | 151.33 | 167.78 | 131.40 | 196.31 |
| Price/FFO Ratio | 19.35 | 18.12 | 21.54 | 18.77 | 32.23 | |
| Price/AFFO Ratio | 19.36 | 18.13 | 21.53 | 18.77 | 32.23 | |
| PE Ratio | 33.70 | 36.86 | 34.83 | 42.34 | 34.57 | 58.68 |
| PS Ratio | 13.88 | 13.19 | 12.42 | 14.88 | 13.22 | 22.58 |
| PB Ratio | 2.99 | 2.71 | 2.41 | 3.25 | 3.29 | 5.88 |
| P/OCF Ratio | 19.66 | 19.74 | 19.04 | 25.10 | 20.34 | 36.05 |
| EV/Sales Ratio | 16.26 | 15.28 | 14.95 | 17.78 | 16.66 | 25.95 |
| EV/EBITDA Ratio | 24.83 | 23.48 | 23.03 | 27.08 | 25.78 | 40.75 |
| EV/EBIT Ratio | 40.03 | 38.47 | 37.65 | 44.47 | 44.44 | 70.41 |
| Debt / Equity Ratio | 0.52 | 0.48 | 0.47 | 0.65 | 0.97 | 0.94 |
| Debt / EBITDA Ratio | 3.64 | 3.55 | 3.70 | 4.51 | 5.99 | 5.66 |
| Net Debt / Equity Ratio | 0.51 | 0.48 | 0.46 | 0.62 | 0.95 | 0.94 |
| Net Debt / EBITDA Ratio | 3.63 | 3.56 | 3.63 | 4.36 | 5.91 | 5.66 |
| Asset Turnover | 0.14 | 0.14 | 0.13 | 0.13 | 0.13 | 0.14 |
| Quick Ratio | 0.35 | 0.41 | 0.47 | 0.47 | 0.44 | 0.66 |
| Current Ratio | 0.62 | 0.48 | 0.53 | 0.52 | 0.51 | 0.87 |
| Return on Equity (ROE) | 8.93% | 7.58% | 7.72% | 8.79% | 10.57% | 11.09% |
| Return on Assets (ROA) | 3.51% | 3.40% | 3.30% | 3.33% | 3.15% | 3.18% |
| Earnings Yield | 2.97% | 2.71% | 2.87% | 2.36% | 2.89% | 1.70% |
| Dividend Yield | 3.52% | 3.31% | 3.48% | 2.83% | 3.17% | 1.59% |
| Payout Ratio | 118.63% | 117.52% | 111.00% | 112.54% | 104.16% | 83.63% |
| Buyback Yield / Dilution | -3.05% | -7.98% | -7.90% | -6.13% | -5.78% | -2.75% |
| Total Shareholder Return | 0.47% | -4.67% | -4.41% | -3.30% | -2.61% | -1.16% |