EastGroup Properties, Inc. a member of the S&P Mid-Cap 400 and Russell 2000 Indexes. It is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. East Groups portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 68.3 million square feet. EastGroup Properties, Inc. was incorporated in 1969 and is based in Ridgeland, United States.
Research context
EastGroup Properties Inc appears in PyInvesting’s US Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- USD
- Sector
- Real Estate
- Industry
- REIT - Industrial
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5 years, 6 months ago
EastGroup Properties, Inc is currently in a long term uptrend where the price is trading 15.4% above its 200 day moving average.
From a valuation standpoint, the stock is 61.5% more expensive than other stocks from the Real Estate sector with a price to sales ratio of 16.0.
EastGroup Properties, Inc's total revenue rose by 7.1% to $93M since the same quarter in the previous year.
Its net income has dropped by 25.1% to $37M since the same quarter in the previous year.
Finally, its free cash flow fell by 58.6% to $-176M since the same quarter in the previous year.
Based on the above factors, EastGroup Properties, Inc gets an overall score of 2/5.