East Properties(EGP)
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The Millionaire Next Door Strikes Again
Seeking Alpha· 2024-07-12 19:00
RichVintage Americans believe they need $1.46 million to retire comfortably, according to a survey by Northwestern Mutual earlier this year. That's 53% higher than they reported in 2020, CBS News reports. "Due to the impact of inflation and other financial pressures," it writes, "Americans today believe they need to sock away more for their golden years compared with 2020, when the typical worker pegged a comfy retirement as requiring $951,000 in savings, Aditi Javeri Gokhale, chief strategy officer at Nort ...
EastGroup Properties Announces Second Quarter 2024 Earnings Conference Call and Webcast
Prnewswire· 2024-07-02 05:44
A live broadcast of the conference call is available by dialing 1-800-836-8184 (conference ID EastGroup) or by webcast through a link on the Company's website at www.eastgroup.net. If you are unable to listen to the live conference call, a telephone and webcast replay will be available on Wednesday, July 24, 2024. The telephone replay will be available until Wednesday, July 31, 2024, and can be accessed by dialing 1-888-660-6345 (access code 98279#). The replay of the webcast can be accessed through a link ...
Who Likes Work? These REITs Could Help You Retire (Early)
Seeking Alpha· 2024-06-26 19:00
XiXinXing This article was co-produced with Leo Nelissen. "Workers have no interest in working into their 60s or 70s." I just read this line in a Wall Street Journal article titled "Pro Take: The Covid Retirement Wave Could Be With Us for Good." According to the article, in March, a New York Fed survey indicated that just 45.8% of respondents under the age of 62 said they are likely to work past the age of 62. That number is down from 55.4% in March 2020. Results were similar for people 45 or younger, where ...
EastGroup Properties Announces Recent Business Activity and Presentation at Nareit's REITweek
Prnewswire· 2024-05-31 04:32
JACKSON, Miss., May 30, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity. Commenting on the Company's activity, Marshall Loeb, CEO, stated, "We continue to be pleased by the resiliency of the Sunbelt, shallow bay industrial market. The trends we saw during the first quarter are carrying over to date. Meanwhile, given the volatility and uncertainty in the capital markets, we continue to opportunistically improv ...
EastGroup Properties Announces 178th Consecutive Quarterly Cash Dividend
prnewswire.com· 2024-05-24 03:11
EastGroup, a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California 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 fo ...
East Properties(EGP) - 2024 Q1 - Earnings Call Transcript
2024-04-25 09:38
财务数据和关键指标变化 - 第一季度基金来源(FFO)同比增长8.8%,剔除2023年的一次性转换收益 [8] - 季末租赁率98%,入住率97.7%,季度平均入住率97.5%,略低于2023年同期 [9] - 再租赁租金上涨幅度为GAAP 58%,现金40% [9] - 现金同店NOI同比增长7.7% [9] - 前10大租户占比下降至7.8%,较2023年同期下降70个基点 [10] 各条业务线数据和关键指标变化 - 公司没有提供各业务线的具体数据和指标变化 各个市场数据和关键指标变化 - 公司提到拉斯维加斯和雷利市场表现良好,是公司看好的高增长市场 [11] - 公司提到加州市场,尤其是洛杉矶市场表现较为疲软 [53] 公司战略和发展方向及行业竞争 - 公司将继续通过提升租金、收购和开发来创造价值 [10] - 公司将继续谨慎寻找合适的收购机会,以提高投资组合的长期增长潜力 [11] - 公司2024年开发项目启动计划为2.6亿美元,但由于客户决策周期延长,项目启动将更多集中在下半年 [12][15] - 公司看好行业供给下降趋势,预计2024年下半年市场将收紧,有利于公司继续推涨租金并创造开发机会 [13][34] 管理层对经营环境和未来前景的评论 - 管理层认为公司的财务实力、经验丰富的团队以及优质的浅湾仓储组合将有助于公司在当前不确定的经济环境中取得成功 [21] - 管理层认为公司的投资组合正受益于人口迁移、近岸外包和回流、物流链的变革以及浅湾市场空置率较低等长期积极趋势 [24] - 管理层对公司的定位和未来发展前景保持乐观态度 [24] 问答环节重要的提问和回答 问题1 **Jeff Spector提问** 询问公司对行业韧性的评论,以及租赁决策放缓的原因 [27][28] **Marshall Loeb回答** - 公司认为行业具有韧性,主要由于利率上升、全球动荡等因素导致客户谨慎观望 [29][30][31] - 公司认为当前市场供给下降和需求有望回升,有利于公司未来推涨租金和开发新项目 [33][34] 问题2 **Eric Warden提问** 询问公司收购机会和收益率情况 [38] **Marshall Loeb回答** - 公司近期完成了7个收购项目,总投资约2.8亿美元,收益率在6.25%-6.5%之间 [39][42][43] - 公司认为当前收购市场仍有机会,但竞争较为激烈,尤其是大型组合资产 [42][43] - 公司开发项目收益率约7%,高于收购项目 [43] 问题3 **Craig Mailman提问** 询问公司一季度租赁情况及未来展望 [47] **Marshall Loeb回答** - 公司一季度新增租赁面积较去年同期有所增加 [48][49] - 公司认为客户目前更加谨慎,但仍有较多租赁意向和洽谈,只是签约进度有所放缓 [48][49][50]
East Properties(EGP) - 2024 Q1 - Quarterly Report
2024-04-25 04:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 1-07094 EASTGROUP PROPERTIES, INC. (Exact Name of Registrant as Specified in its Charter) Ma ...
EastGroup Properties (EGP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-04-24 07:31
财务表现 - EastGroup Properties报告的第一季度营收为1.5422亿美元,同比增长14.2%[1] - 每股收益为1.98美元,较去年同期的1.02美元有所增长[1] - 公司营收超出了分析师对于营收的预期,但每股收益略低于预期[1] 绩效评估 - 重要指标对于评估公司绩效至关重要,包括房地产运营收入和其他收入[2] - EastGroup Properties在最近报告的季度中表现良好,特别是在房地产运营收入和每股收益方面[4] 市场预测 - 与去年同期和分析师预期进行比较,有助于投资者更好地预测股票价格表现[3] - 公司股票在过去一个月中表现不佳,但目前的Zacks排名为3(持有),预示着在短期内可能与整体市场表现一致[6]
EastGroup Properties (EGP) Q1 FFO Lag Estimates
Zacks Investment Research· 2024-04-24 06:31
公司业绩 - EastGroup Properties (EGP)第一季度每股FFO为1.98美元,低于Zacks Consensus Estimate的2.01美元[1] - 公司在过去四个季度中,三次超过了FFO的共识预期[2] - 第一季度营收为1.5422亿美元,超过了Zacks Consensus Estimate 1.06%[3] - 公司当前的FFO预期为每股2.06美元,营收为1.5591亿美元[9] 股价表现 - 公司股价自年初以来下跌了11%[5] 行业排名 - REIT and Equity Trust - Other行业目前在Zacks行业排名中处于前37%[10]
East Properties(EGP) - 2024 Q1 - Quarterly Results
2024-04-24 04:26
财务表现 - 第一季度2024年,每股稀释后净收入为1.22美元,同比增长20.6%[1] - 第一季度2024年,每股经营活动资金(FFO)为1.98美元,同比增长8.8%[1] - 同一资产净营业收入(不包括租约终止收入)在2024年第一季度同比增长4.9%[1] - 运营组合的出租率为98.0%,占用率为97.7%[1] - 新租约和续租租金率同比增长57.8%[1] 公司收购与出售 - 公司收购了一处运营物业,面积为231,000平方英尺,约价值5500万美元[1] - 公司收购了34.3英亩的开发用地,约价值300万美元[1] - 公司开始了两个开发项目,总面积为388,000平方英尺,预计总成本约为5200万美元[1] - 公司出售了位于Jackson, MS市场的一组运营物业,总面积为159,000平方英尺,约价值1400万美元[1] 财务预期 - 公司预计2024年每股收益范围为4.45至4.65美元,每股FFO范围为8.17至8.37美元[1][29] - 公司2024年的净利润预期范围为49,773至216,899千美元[32] - FFO每股预期为8.17至8.37美元,同比增长6.2%[33] 财务指标 - 公司的EBITDAre是根据Nareit标准计算的非GAAP财务指标,用于衡量公司的运营绩效[39] - EastGroup Properties, Inc.的债务为16.75亿美元,债务与资产净运营收入比率为3.99[51] - 公司的利息和固定费用覆盖比率为10.43[51] 财务报表数据 - 2024年第一季度,EastGroup Properties, Inc.的房地产运营收入为15.4亿美元,较去年同期增长了14.5%[50] - 同期,公司的总收入为15.42亿美元,较去年同期增长了13.9%[50] - 2024年第一季度,EastGroup Properties, Inc.的净利润为5.86亿美元,较去年同期增长了31.3%[50] - 公司的基本每股净收益为1.23美元,较去年同期增长了20.6%[50] - 2024年第一季度,公司的资产净运营收入为11.14亿美元,较去年同期增长了13.4%[52] - 同期,公司的总资产净运营收入为10.13亿美元,较去年同期增长了4.9%[52]