EastGroup Properties, Inc.

EGP

US2772761019

Commercial REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-05-10 pm EDT			5-day change	1st Jan Change
164.5 ^USD	-0.38%		+2.90%	-10.38%

May. 06	RBC Cuts Price Target on EastGroup Properties to $172 From $190, Keeps Sector Perform Rating	MT
Apr. 30	KeyBanc Cuts Price Target on EastGroup Properties to $178 From $198, Maintains Overweight Rating	MT

EastGroup Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

October 24, 2023 at 04:05 pm EDT

EastGroup Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 144.38 million compared to USD 125.57 million a year ago. Revenue was USD 146.53 million compared to USD 125.66 million a year ago. Net income was USD 48.9 million compared to USD 37.79 million a year ago. Basic earnings per share from continuing operations was USD 1.07 compared to USD 0.87 a year ago. Diluted earnings per share from continuing operations was USD 1.07 compared to USD 0.87 a year ago.
For the nine months, sales was USD 417.15 million compared to USD 357.02 million a year ago. Revenue was USD 421.44 million compared to USD 357.19 million a year ago. Net income was USD 137.04 million compared to USD 147.51 million a year ago. Basic earnings per share from continuing operations was USD 3.07 compared to USD 3.49 a year ago. Diluted earnings per share from continuing operations was USD 3.06 compared to USD 3.48 a year ago.

Latest news about EastGroup Properties, Inc.

RBC Cuts Price Target on EastGroup Properties to $172 From $190, Keeps Sector Perform Rating	May. 06	MT
KeyBanc Cuts Price Target on EastGroup Properties to $178 From $198, Maintains Overweight Rating	Apr. 30	MT
Barclays Adjusts Price Target on EastGroup Properties to $175 From $181, Maintains Equal-Weight Rating	Apr. 29	MT
Piper Sandler Adjusts Price Target on EastGroup Properties to $200 From $215, Maintains Overweight Rating	Apr. 29	MT
Truist Lowers Price Target on EastGroup Properties to $176 From $188, Keeps Hold Rating	Apr. 29	MT
Evercore ISI Adjusts Price Target on EastGroup Properties to $178 From $190, Maintains in Line Rating	Apr. 25	MT
Wedbush Lowers Price Target on EastGroup Properties to $162 From $190, Keeps Neutral Rating	Apr. 25	MT
Transcript : EastGroup Properties, Inc., Q1 2024 Earnings Call, Apr 24, 2024	Apr. 24
EastGroup Properties Q1 FFO, Revenue Increase; Sets Guidance	Apr. 23	MT
EastGroup Properties, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 23	CI
Earnings Flash (EGP) EASTGROUP PROPERTIES Posts Q1 Revenue $154.2M	Apr. 23	MT
EastGroup Properties, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2024 and for the Full Year 2024	Apr. 23	CI
BMO Capital Initiates EastGroup Properties With Outperform Rating, $190 Price Target	Apr. 22	MT
JPMorgan Initiates EastGroup Properties With Neutral Rating, $190 Price Target	Apr. 11	MT
Barclays Initiates EastGroup Properties With Equalweight Rating, $181 Price Target	Mar. 27	MT
Transcript : EastGroup Properties, Inc. Presents at Citi's 2024 Global Property CEO Conference, Mar-04-2024 05:00 PM	Mar. 04
Truist Securities Raises Price Target on EastGroup Properties to $188 From $186, Maintains Hold Rating	Feb. 20	MT
RBC Raises Price Target on EastGroup Properties to $190 From $180, Keeps Sector Perform Rating	Feb. 16	MT
Eastgroup Properties Insider Sold Shares Worth $456,859, According to a Recent SEC Filing	Feb. 14	MT
KeyBanc Adjusts Price Target on EastGroup Properties to $198 From $188, Keeps Overweight Rating	Feb. 12	MT
Transcript : EastGroup Properties, Inc., Q4 2023 Earnings Call, Feb 08, 2024	Feb. 08
EastGroup Properties Q4 Adjusted FFO, Revenue Increase; Q1, Full-Year Guidance Set	Feb. 07	MT
EastGroup Properties, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 07	CI
Earnings Flash (EGP) EASTGROUP PROPERTIES Posts Q4 Revenue $149.15M	Feb. 07	MT
EastGroup Properties, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024	Feb. 07	CI

Chart EastGroup Properties, Inc.

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Company Profile

EastGroup Properties, Inc. is an internally managed equity real estate investment trust (REIT). The Company is focused on the development, acquisition and operation of industrial properties in Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina. The Company owns approximately 510 industrial properties in 12 states. The Companyâs portfolio includes development projects and value-add properties in lease-up and under construction, including approximately 59.2 million square feet consisting of 470 business distribution properties containing 53.9 million square feet. It also has 17 bulk distribution properties containing 4.4 million square feet, and 23 business service properties containing 900,000 square feet.

Sector

Commercial REITs

Calendar

2024-05-23 - Annual General Meeting

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Ratings for EastGroup Properties, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

164.5 USD

Average target price

183.2 USD

Spread / Average Target

+11.39%

Consensus

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