EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $2.27 per share, missing the Zacks Consensus Estimate of $2.28 per share. This compares to FFO of $2.13 per share a year ago.
I focus on 'wide moat' REITs with durable competitive advantages and strong valuation discounts for superior risk-adjusted returns. Equity LifeStyle boasts resilient demand drivers, high switching costs, robust brand engagement, and a stellar financial track record, now trading at multi-year lows. EastGroup leverages network-effect clusters, diversified tenants, and disciplined development, offering strong growth, a fortress balance sheet, and attractive valuation.
EastGroup Properties, Inc. (NYSE:EGP ) Q2 2025 Earnings Conference Call July 24, 2025 11:00 AM ET Company Participants Brent W. Wood - Executive VP, CFO & Treasurer Casey Edgecombe - Corporate Participant Marshall A.
While the top- and bottom-line numbers for EastGroup Properties (EGP) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $2.21 per share, beating the Zacks Consensus Estimate of $2.2 per share. This compares to FFO of $2.05 per share a year ago.
EastGroup Properties remains a solid Sunbelt industrial REIT, benefiting from strong markets and resilient demand for smaller, diversified industrial spaces. While management's focus on absolute growth causes dilution, rising implied cap rates and robust re-leasing spreads make shares a reasonable long-term store of value. The company boasts a 32-year uninterrupted dividend history, with a current 3.3% yield and continued FFO and dividend growth prospects.
EastGroup Properties, Inc. (NYSE:EGP ) Q1 2025 Earnings Conference Call April 24, 2025 11:00 AM ET Company Participants Marshall Loeb - President and CEO Brent Wood - CFO Conference Call Participants Blaine Heck - Wells Fargo Samir Khanal - Bank of America Craig Mailman - Citi Alexander Goldfarb - Piper Sandler John Kim - BMO Capital Markets Vikram Malhotra - Mizuho Securities Ronald Kamdem - Morgan Stanley Todd Thomas - KeyBanc Capital Markets Omotayo Okusanya - Deutsche Bank Mick Mueller - JPMorgan Rich Anderson - Wedbush Michael Carroll - RBC Capital Markets Michael Griffin - Evercore ISI Vince Tibone - Green Street Nick Thillman - Baird Brendan Lynch - Barclays Operator Good morning, ladies and gentlemen, and welcome to the EastGroup Properties' First Quarter 2025 Earnings Conference Call and Webcast. At this time, all lines are in listen-only mode.
While the top- and bottom-line numbers for EastGroup Properties (EGP) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $2.12 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to FFO of $1.98 per share a year ago.
EastGroup Properties (EGP) was a big mover last session on higher-than-average trading volume. The latest trend in FFO estimate revisions might not help the stock continue moving higher in the near term.
EastGroup Properties, Inc. is a high performing industrial REIT with proven growth strategy. Q4 2024 results showed growth in FFO and acquisitions, with a 97.1% leased portfolio, indicating strong future income and dividend potential. EGP has a proven strategy, outperforming the S&P 500 Index over 10 years, with a current 3.12% yield and a history of rising dividends.
EastGroup Properties, Inc. (NYSE:EGP ) Q4 2024 Earnings Conference Call February 7, 2025 11:00 AM ET Company Participants Marshall Loeb - President and Chief Executive Officer Keena Frazier - Director of Leasing Statistics Brent Wood - Chief Financial Officer Conference Call Participants Andrew Berger - Bank of America Merrill Lynch Alexander Goldfarb - Piper Sandler & Co. Craig Mailman - Citigroup Inc. AJ Peak - KeyBanc Capital Markets, Inc. Richard Anderson - Wedbush Securities Nicholas Thillman - Robert W. Baird & Co., Inc. Eric Borden - BMO Capital Markets Blaine Heck - Wells Fargo Securities Steve Sakwa - Evercore ISI Michael Carroll - RBC Capital Markets Ronald Kamdem - Morgan Stanley Omotayo Okusanya - Deutsche Bank AG Vince Tibone - Green Street Advisors Operator Good morning, ladies and gentlemen, and welcome to the EastGroup Properties, Inc. Fourth Quarter 2024 Earnings Conference Call and Webcast.