EastGroup Properties Inc.
S&P 500EGP/Real Estate · REIT - Industrial/NYSE
Dividend Yield
2.98%
$6.05 · Annual Dividend
Dividend Safety Rating
EGP's dividend appears safe and well-supported. Strengths include a 9.8x interest coverage & 46.1 debt-to-equity. Areas of concern: 110.0% earnings payout ratio & 0.4x current ratio. The dividend has been growing at a 13.88% 5-year CAGR. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.
Based on 15 of 15 metrics
Strengths
- Debt-to-Equity: 46.1Conservative debt level relative to equity.
- Operating Margin: 40.2%Healthy operating margin provides a wide buffer.
- Gross Margin: 73.4%High gross margin signals strong pricing power.
Risks
- Current Ratio: 0.4xLimited short-term liquidity to meet obligations.
- Earnings Payout Ratio: 110.0%High earnings payout ratio leaves little safety margin.
Payout & Coverage
CautionBalance Sheet
CautionProfitability
Very SafeDividend Track Record
Very SafeAbout EastGroup Properties Inc.
EastGroup Properties Inc. is a real estate investment trust (REIT) that focuses on industrial properties, namely distribution facilities. The primary function of the company is to acquire, develop, and operate industrial properties across the United States, with a strategic emphasis on the Sunbelt region. This area is known for its strong economic growth, driven by a diverse range of industries including logistics, manufacturing, and energy. EastGroup's portfolio primarily comprises high-quality business distribution spaces, developed for modern industrial use, and situated near major transportation hubs to accommodate efficient supply chain operations. The company's focus on strategic locations helps meet the growing demand for space driven by e-commerce growth and logistics needs. EastGroup Properties Inc. plays a significant role in the industrial real estate sector by providing critical infrastructure that supports the backbone of distribution and commerce in an ever-evolving economic landscape.
Dividend Overview
Dividend Yield
2.98%
Annual Dividend
$6.05
Frequency
Quarterly
Payout Ratio
110.00%
FCF Payout Ratio
63.96%
52-Week Range
$159.37 - $207.72
Dividend History (2016–2025)
EGP annual dividend per share and yield history
Earnings & Profitability
EGP earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
June 30, 2026
Next Payment Date
July 15, 2026
Dividend Growth
3-Year Dividend CAGR
7.87%
5-Year Dividend CAGR
13.88%
10-Year Dividend CAGR
9.69%
3-Year Total Growth
25.53%
5-Year Total Growth
91.56%
10-Year Total Growth
152.14%
Income Calculator
Frequently Asked Questions
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How is EGP's Dividend Safety Rating calculated?
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.