EastGroup Properties, Inc. EGP
EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, 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.
Snapshot
Reported FFO / FFO Excluding Gain on Involuntary Conversion and Business Interruption Claims / leverage are from the Q1 2026 earnings release (filed 2026-04-22) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $721.34M | $257.42M | $216.73M | $495.38M | $480.73M |
| 2024 | $638.53M | $227.75M | $160.97M | $414.47M | $416.59M |
| 2023 | $566.40M | $200.49M | $146.46M | $370.42M | $338.20M |
| 2022 | $487.02M | $186.18M | $132.12M | $314.69M | $316.50M |
| 2021 | $409.48M | $157.56M | $109.84M | $260.74M | $256.49M |
| 2020 | $363.02M | $108.36M | $100.46M | $228.69M | $196.28M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-05-21 | $1.55 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-03-06 | $1.55 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-12-12 | $1.55 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-08-22 | $1.55 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-05-22 | $1.40 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-03-07 | $1.40 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-12-02 | $1.40 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-08-23 | $1.40 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-05-23 | $1.27 | Quarterly |
| 2024-03-27 | 2024-03-28 | 2024-04-15 | 2024-03-08 | $1.27 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-12 | 2023-12-08 | $1.27 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-13 | 2023-08-25 | $1.27 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-14 | 2023-05-25 | $1.25 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-14 | 2023-03-03 | $1.25 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-13 | 2022-12-01 | $1.25 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-14 | 2022-08-26 | $1.25 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-15 | 2022-05-26 | $1.10 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-14 | 2022-03-04 | $1.10 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-15 | 2021-12-01 | $1.10 | Quarterly |
| 2021-09-29 | 2021-09-30 | 2021-10-15 | 2021-08-26 | $0.90 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-15 | 2021-05-27 | $0.79 | Quarterly |
| 2021-03-30 | 2021-03-31 | 2021-04-15 | 2021-03-05 | $0.79 | Quarterly |
| 2020-12-30 | 2020-12-31 | 2021-01-15 | 2020-12-03 | $0.79 | Quarterly |
| 2020-09-29 | 2020-09-30 | 2020-10-15 | 2020-08-27 | $0.79 | Quarterly |
Coverage (payout of operating cash flow): 68.85%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.