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Profile - EastGroup Properties Inc. (NYSE:EGP)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
Aug 24Price hit new 52-week high ($23.65)
Location
300 One Jackson Place
188 East Capitol Street
Jackson, MS 39201
Phone: (601) 354-3555
Fax: (601) 949-4077
Email: investor@eastgroup.net
Employees (last reported count): 46
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Real Estate Operations
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 12%
·Over the last 6 months:
 · 3 insider sells; 8,000  shares
  (0.4% of insider shares)
·Institutional: 43% (49% of float)
(141 institutions)
·Net Inst. Selling: 391.0K shares (+6.03%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
EastGroup Properties Inc. is an equity real estate investment trust (REIT) focused on the acquisition, ownership and development of industrial properties in Sunbelt markets throughout the United States. Its strategy for growth is based on its property portfolio orientation toward distribution facilities located near major transportation centers. EastGroup's portfolio includes 17 million square feet with an additional 913,000 square feet of properties under development. During 2000, the Company expanded its portfolio by the transfer of eight properties (664,000 square feet) from industrial development to industrial properties with costs of $38,948,000, through acquisition of five properties (335,000 square feet) and an 18-acre land parcel with total costs of $13,628,000 and through capital improvements of $10,611,000 on existing properties. The Company also seeks to grow its portfolio through the acquisition of other public and private real estate companies and REITs.
More from Market Guide: Expanded Business Description

Financial Summary
EastGroup Properties is a self-administered real estate investment trust (REIT) focused on the ownership, acquisition and development of industrial properties in major Sunbelt markets throughout the United States. For the six months ended 6/30/01, revenues rose 9% to $51.1 million. Net income rose 45% to $13 million. Results reflect higher rental income due to acquisitions and rental rate increases and increased gains on the sale of real estate investments.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

Leland Speed, 68
Chairman
$700K--  
David Hoster, II, 55
CEO, Pres
524K$5.9K
N. Keith McKey, 50
Exec. VP, CFO, Sec. and Treasurer
352K--  
C. Bruce Corkern, 39
Sr. VP, Controller
--  --  
Anthony Bruno, 59
Sr. VP
486K5.5K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:EGPAs of 31-Aug-2001
Price and Volume
52-Week Low
on 28-Nov-2000
$18.938
Recent Price$22.10 
52-Week High
on 24-Aug-2001
$23.65 
Beta0.22 
Daily Volume (3-month avg)42.7K
Daily Volume (10-day avg)30.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+3.1%
52-Week Change
relative to S&P500
+38.3%
Share-Related Items
Market Capitalization$351.0M
Shares Outstanding15.9M
Float14.0M
Dividends & Splits
Annual Dividend (indicated)$1.80 
Dividend Yield8.14%
Last Split: 3 for 2 on 8-Apr-1997
Per-Share Data
Book Value (mrq)$16.76 
Earnings (ttm)$1.85 
Earnings (mrq)$0.53 
Sales (ttm)$5.87 
Cash (mrq)$0.13 
Valuation Ratios
Price/Book (mrq)1.32 
Price/Earnings (ttm)11.94 
Price/Sales (ttm)3.77 
Income Statements
Sales (ttm)$102.5M
EBITDA (ttm)$72.8M
Income available to common (ttm)$30.5M
Profitability
Profit Margin (ttm)39.5%
Operating Margin (ttm)28.2%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)6.08%
Return on Equity (ttm)11.57%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)0.75 
Total Cash (mrq)$2.03M
Short Interest
As of 8-Aug-2001
Shares Short9,000 
Percent of Float0.1%
Shares Short
(Prior Month)
23.0K
Short Ratio0.21 
Daily Volume43.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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