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EastGroup Properties Inc (EGP) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

EastGroup Properties Inc (EGP) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the acquisition, development, and operation of industrial properties in major urban areas within the Sunbelt region of the United States. EastGroup Properties Inc has a market cap of $3.92 billion; its shares were traded at around $107.37 with a P/E ratio of 42.93 and P/S ratio of 12.85. The dividend yield of EastGroup Properties Inc stocks is 2.53%. EastGroup Properties Inc had annual average EBITDA growth of 3.20% over the past ten years.


For the last quarter EastGroup Properties Inc reported a revenue of $78.0 million, compared with the revenue of $71.36 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $300.4 million, an increase of 9.6% from last year. For the last five years EastGroup Properties Inc had an average revenue growth rate of 8.1% a year.

The reported diluted earnings per share was $2.49 for the year, an increase of 2% from previous year. Over the last five years EastGroup Properties Inc had an EPS growth rate of 19.6% a year. The EastGroup Properties Inc enjoyed an operating margin of 36.14%, compared with the operating margin of 34.72% a year before. The 10-year historical median operating margin of EastGroup Properties Inc is 33.69%. The profitability rank of the company is 7 (out of 10).

At the current stock price of $107.37, EastGroup Properties Inc is traded at 56.7% premium to its historical median P/S valuation band of $68.52. The P/S ratio of the stock is 12.85, while the historical median P/S ratio is 8.18. The stock gained 35.34% during the past 12 months.

For the complete 20-year historical financial data of EGP, click here.

This article first appeared on GuruFocus.