EGP on NYSE
EASTGROUP PROPERTIES INC
American real estate investment trust, incorporated in Maryland. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerEGP on NYSE1
- IndustryReal Estate Investment Trusts1
- HeadquartersRidgeland, Mississippi1
- Incorporated inMD2
- Business address400 W. Parkway Place, Suite 100, Ridgeland, Ms 391572
- Filer categoryLarge accelerated filer2
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EastGroup Properties, Inc., which we refer to in this Annual Report as the “Company,” “EastGroup,” “we,” “us” or “our,” is an internally-managed equity REIT first organized in 1969. EastGroup is focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States, primarily in the states of Texas, Florida, California, Arizona and North Carolina. EastGroup’s strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup is a Maryland corporation, and its common stock is publicly traded on the New York Stock Exchange (“NYSE”) under the symbol “EGP.” The Company has elected to be taxed and intends to continue to qualify as a REIT under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”).3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs60¢$431.8M
- Interest4¢$32.1M
- Profit36¢$257.5M
Out of $721.3M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$480.7M
Out of $480.7M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Income from real estate operations | $719.4M | $638.0M | $566.2M |
| Other revenue | $1.9M | $2.2M | $4.4M |
| Revenues | $721.3M | $640.2M | $570.6M |
| Expenses from real estate operations | $192.2M | $174.2M | $154.0M |
| Depreciation and amortization | $216.7M | $189.4M | $171.1M |
| General and administrative | $24.0M | $20.6M | $16.8M |
| Indirect leasing costs | $839.0K | $785.0K | $582.0K |
| Expenses | $433.8M | $385.0M | $342.4M |
| Interest expense | -$32.1M | -$39.0M | -$48.0M |
| Gain on sales of real estate investments | $0 | $8.8M | $18.0M |
| Other | $2.0M | $2.8M | $2.4M |
| NET INCOME | $257.5M | $227.8M | $200.5M |
| Net income attributable to noncontrolling interest in joint ventures | -$56.0K | -$56.0K | -$57.0K |
| NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS | $257.4M | $227.8M | $200.5M |
| Other comprehensive loss Interest rate swaps | -$13.6M | -$2.9M | -$11.5M |
| TOTAL COMPREHENSIVE INCOME | $243.8M | $224.8M | $189.0M |
| Net income attributable to common stockholders | $4.88 | $4.67 | $4.43 |
| Weighted average shares outstanding (in shares) | 52.7M shares | 48.8M shares | 45.2M shares |
| Net income attributable to common stockholders | $4.87 | $4.66 | $4.42 |
| Weighted average shares outstanding (in shares) | 52.8M shares | 48.9M shares | 45.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Real estate properties | $6.0B | $5.5B | ||
| Development and value-add properties | $710.2M | $674.5M | ||
| Real estate, development and value-add properties | $6.7B | $6.2B | ||
| Accumulated depreciation | -$1.6B | -$1.4B | ||
| Real estate, development and value-add properties, net | $5.1B | $4.8B | ||
| Unconsolidated investment | $7.0M | $7.4M | ||
| Cash and cash equivalents | $1.0M | $17.5M | ||
| Other assets, net | $307.3M | $290.2M | ||
| TOTAL ASSETS | $5.4B | $5.1B | ||
| Unsecured bank credit facilities, net of debt issuance costs | $16.2M | -$3.6M | ||
| Unsecured debt, net of debt issuance costs | $1.6B | $1.5B | ||
| Accounts payable and accrued expenses | $169.9M | $147.3M | ||
| Other liabilities | $138.0M | $134.0M | ||
| Total Liabilities | $1.9B | $1.8B | ||
| Common shares; $.0001 par value; 70,000,000 shares authorized; 53,348,800 shares issued and outstanding at December 31, 2025 and 51,825,798 at December 31, 2024 | $5.0K | $5.0K | ||
| Excess shares; $0.0001 par value; 30,000,000 shares authorized; no shares issued | $0 | $0 | ||
| Additional paid-in capital | $3.9B | $3.7B | ||
| Distributions in excess of earnings | -$459.0M | -$403.2M | ||
| Accumulated other comprehensive income | $8.4M | $22.0M | $24.9M | $36.4M |
| Total Stockholders Equity | $3.5B | $3.3B | ||
| Noncontrolling interest in joint ventures | $387.0K | $365.0K | ||
| Total Equity | $3.5B | $3.3B | $2.6B | $2.0B |
| TOTAL LIABILITIES AND EQUITY | $5.4B | $5.1B | ||
| Common shares, outstanding | 53.3M shares | 51.8M shares | 47.7M shares | 43.6M shares |
| Common shares, issued | 53.3M shares | 51.8M shares | ||
| Common shares, authorized | 70.0M shares | 70.0M shares | ||
| Common shares, par value (in dollars per share) | $0.00 | $0.00 | ||
| Excess shares, par value | $0 | $0 | ||
| Excess Stock, Shares Authorized | 30.0M shares | 30.0M shares | ||
| Excess Stock, Shares Issued | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Real estate properties | $6.0B | $5.5B | ||
| Development and value-add properties | $710.2M | $674.5M | ||
| Real estate, development and value-add properties | $6.7B | $6.2B | ||
| Accumulated depreciation | -$1.6B | -$1.4B | ||
| Real estate, development and value-add properties, net | $5.1B | $4.8B | ||
| Unconsolidated investment | $7.0M | $7.4M | ||
| Cash and cash equivalents | $1.0M | $17.5M | ||
| Other assets, net | $307.3M | $290.2M | ||
| TOTAL ASSETS | $5.4B | $5.1B | ||
| Unsecured bank credit facilities, net of debt issuance costs | $16.2M | -$3.6M | ||
| Unsecured debt, net of debt issuance costs | $1.6B | $1.5B | ||
| Accounts payable and accrued expenses | $169.9M | $147.3M | ||
| Other liabilities | $138.0M | $134.0M | ||
| Total Liabilities | $1.9B | $1.8B | ||
| Common shares; $.0001 par value; 70,000,000 shares authorized; 53,348,800 shares issued and outstanding at December 31, 2025 and 51,825,798 at December 31, 2024 | $5.0K | $5.0K | ||
| Excess shares; $0.0001 par value; 30,000,000 shares authorized; no shares issued | $0 | $0 | ||
| Additional paid-in capital | $3.9B | $3.7B | ||
| Distributions in excess of earnings | -$459.0M | -$403.2M | ||
| Accumulated other comprehensive income | $8.4M | $22.0M | $24.9M | $36.4M |
| Total Stockholders Equity | $3.5B | $3.3B | ||
| Noncontrolling interest in joint ventures | $387.0K | $365.0K | ||
| Total Equity | $3.5B | $3.3B | $2.6B | $2.0B |
| TOTAL LIABILITIES AND EQUITY | $5.4B | $5.1B | ||
| Common shares, outstanding | 53.3M shares | 51.8M shares | 47.7M shares | 43.6M shares |
| Common shares, issued | 53.3M shares | 51.8M shares | ||
| Common shares, authorized | 70.0M shares | 70.0M shares | ||
| Common shares, par value (in dollars per share) | $0.00 | $0.00 | ||
| Excess shares, par value | $0 | $0 | ||
| Excess Stock, Shares Authorized | 30.0M shares | 30.0M shares | ||
| Excess Stock, Shares Issued | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $257.5M | $227.8M | $200.5M |
| Depreciation and amortization | $216.7M | $189.4M | $171.1M |
| Stock-based compensation expense | $11.8M | $10.5M | $9.0M |
| Gain on sales of real estate investments | $0 | -$8.8M | -$18.0M |
| Gain on sales of non-operating real estate | $0 | -$362.0K | -$446.0K |
| Gain on involuntary conversion and business interruption claims | -$1.8M | -$1.7M | -$4.2M |
| Accrued income and other assets | -$18.6M | -$13.4M | -$15.4M |
| Accounts payable, accrued expenses and prepaid rent | $12.8M | $11.1M | -$5.9M |
| Other | $2.3M | $2.0M | $1.5M |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | $480.7M | $416.6M | $338.2M |
| Development and value-add properties | -$321.9M | -$245.0M | -$388.2M |
| Purchases of real estate properties | -$143.1M | -$390.0M | -$165.1M |
| Real estate improvements | -$75.8M | -$59.3M | -$51.1M |
| Net proceeds from sales of real estate investments and non-operating real estate | $3.4M | $17.7M | $41.5M |
| Leasing commissions | -$34.8M | -$32.2M | -$32.0M |
| Proceeds from involuntary conversion on real estate assets | $3.1M | $2.5M | $5.0M |
| Changes in accrued development costs | -$5.1M | -$17.2M | $12.2M |
| Changes in other assets and other liabilities | -$2.0M | -$795.0K | $7.7M |
| NET CASH USED IN INVESTING ACTIVITIES | -$576.3M | -$724.3M | -$570.1M |
| Proceeds from unsecured bank credit facilities | $340.3M | $65.0M | $471.6M |
| Repayments on unsecured bank credit facilities | -$321.5M | -$65.0M | -$641.6M |
| Proceeds from unsecured debt | $250.0M | $0 | $100.0M |
| Repayments on unsecured debt | -$145.0M | -$170.0M | -$115.0M |
| Repayments on secured debt | $0 | $0 | -$2.0M |
| Debt issuance costs | -$2.0M | -$3.2M | -$1.8M |
| Distributions paid to stockholders (not including dividends accrued) | -$302.5M | -$252.8M | -$225.6M |
| Proceeds from common stock offerings | $264.1M | $717.7M | $692.3M |
| Common stock offering related costs | -$186.0K | -$507.0K | -$834.0K |
| Other | -$4.2M | -$6.2M | -$5.0M |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | $79.0M | $285.0M | $272.1M |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | -$16.5M | -$22.7M | $40.2M |
| Cash paid for interest, net of amount capitalized | $30.6M | $37.2M | $47.2M |
| Capitalized interest | $21.7M | $19.8M | $16.2M |
| Cash paid for operating lease liabilities | $3.6M | $2.4M | $2.0M |
| Operating lease liabilities arising from obtaining right of use assets | $0 | $21.8M | $2.4M |
| Development costs payable | $15.9M | $16.4M | $29.5M |
| Retainage payable | $6.3M | $10.9M | $15.0M |
| Real estate improvements and capitalized leasing costs payable | $10.3M | $8.8M | $5.3M |
| Dividends payable | $84.7M | $74.0M | $62.4M |
No quarter-by-quarter statement was filed.
Leadership
Who has led EASTGROUP PROPERTIES INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerMarshall A. Loeb Mar 4, 2016 to now12
- Chief executive officerDavid H. Hoster Ii. Mar 13, 2006 to Mar 9, 201513
- ChairLeland R. Speed May 9, 2006 to May 7, 200914
- PresidentRichard Reid Dunbar Jan 5, 2026 to now15
- PresidentMarshall A. Loeb Mar 10, 2015 to Jan 5, 202616
- PresidentDavid H. Hoster Ii. Mar 13, 2006 to Mar 9, 201513
- Chief financial officerStaci H. Tyler Jan 5, 2026 to now17
- Chief financial officerBrent Wood Dec 8, 2017 to Jan 5, 202618
- Chief financial officerN. Keith McKey Dec 29, 2010 to May 23, 201719
- Chief operating officerBrent Wood Jan 5, 2026 to now20
- Chief operating officerMarshall A. Loeb Mar 10, 2015 to Mar 10, 201516
Board members and other officers (24)
- Senior Vice President, CAOMichelle Rayner Jan 5, 2026 to now21
- EXECUTIVE VICE PRESIDENTJames J. Traynor Apr 29, 2026 to now22
- Executive Vice PresidentTodd A. Johnson Jul 2, 2026 to now23
- Senior VP, CAO and SecretaryStaci H. Tyler Jun 5, 2020 to now24
- Senior Vice PresidentRichard Reid Dunbar May 31, 2017 to now25
- Senior Vice PresidentRyan M. Collins Jun 1, 2017 to now26
- Senior Vice PresidentBrent Wood Feb 22, 2006 to Nov 29, 201827
- Senior Vice PresidentBruce Corkern Mar 13, 2006 to Mar 9, 202028
- Executive Vice PresidentN. Keith McKey Mar 13, 2006 to May 12, 201029
- Senior Vice PresidentWilliam D. Petsas Mar 13, 2006 to Jan 11, 201730
- Board memberPamela Shelley-Kessler Jun 1, 2026 to now31
- Board memberDavid Michael Fields Feb 10, 2022 to now32
- Board memberKatherine M. Sandstrom Jul 8, 2020 to now33
- Board memberDonald F. Colleran Sep 8, 2017 to now34
- Board memberMarshall A. Loeb Mar 4, 2016 to now12
- Board memberLeland R. Speed Jun 3, 2016 to Nov 4, 202035
- Board memberH. Eric Bolton Jr. Dec 13, 2013 to now36
- Board memberDavid M. Osnos Mar 7, 2006 to Jun 4, 201537
- Board memberDavid H. Hoster Ii. Mar 13, 2006 to Jun 7, 202213
- Board memberD. Pike Aloian Jun 2, 2006 to now38
- Board memberFredric H. Gould Jun 2, 2006 to Nov 29, 201839
- Board memberH. C. Bailey Jr. Jun 2, 2006 to Jun 1, 202040
- Board memberHayden C. Eaves Iii. Jun 2, 2006 to Apr 28, 202341
- Board memberMary E. McCormick Jun 2, 2006 to now42
Former names
Timeline
Filings
280 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 40 major events, 161 insider forms, 26 large holders, 33 other. The latest 20:
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20268-K/A EDGAR
- Oct 13, 20263 EDGAR
- Oct 13, 20263 EDGAR
- Oct 1, 20268-K EDGAR
- Jul 22, 202610-Q EDGAR
- Jul 22, 20268-K EDGAR
- Jul 2, 20263 EDGAR
- Jun 8, 20264 EDGAR
- Jun 4, 2026144 EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20264 EDGAR
- Jun 1, 20263 EDGAR
- May 26, 20268-K EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
The 280 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
12 open-market trades by officers, directors and large owners since October 2021: 1 buys and 11 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 4, 2026 | Fields David MichaelDirector | Sale | 504 | $195.77 | $98.7K | Form 4 |
| Nov 5, 2025 | Dunbar Richard ReidPresident | Sale | 2,000 | $175.00 | $350.0K | Form 4 |
| Sep 12, 2024 | WOOD BRENTExecutive Vice President & COO | Sale | 1,670 | $184.42 | $308.0K | Form 4 |
| Sep 12, 2024 | Dunbar Richard ReidPresident | Sale | 1,650 | $183.99 | $303.6K | Form 4 |
| Feb 13, 2024 | WOOD BRENTExecutive Vice President & COO | Sale | 2,500 | $182.74 | $456.9K | Form 4 |
| Dec 6, 2023 | COLEMAN JOHN FExecutive Vice President | Sale | 1,000 | $173.05 | $173.1K | Form 4 |
| Jul 27, 2023 | Dunbar Richard ReidPresident | Sale | 1,600 | $181.25 | $290.0K | Form 4 |
| Apr 27, 2023 | EAVES HAYDEN C IIIDirector | Sale | 638 | $163.42 | $104.3K | Form 4 |
| Dec 7, 2022 | Dunbar Richard ReidPresident | Sale | 1,000 | $152.69 | $152.7K | Form 4 |
| Jun 8, 2022 | EAVES HAYDEN C IIIDirector | Buy | 600 | $163.29 | $98.0K | Form 4 |
| Nov 19, 2021 | Dunbar Richard ReidPresident | Sale | 500 | $204.27 | $102.1K | Form 4 |
| Nov 16, 2021 | COLEMAN JOHN FExecutive Vice President | Sale | 3,199 | $206.57 | $660.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Cohen & SteersSCHEDULE 13G/A, 3 filings Feb 13, 2025 to May 15, 202643
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202644
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202645
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 9, 2022 to Mar 26, 202646
- State Street CorporationSCHEDULE 13G, 6 filings Feb 11, 2022 to Feb 9, 202647
- BlackRockSC 13G/A, 2 filings Oct 23, 2024 to Nov 8, 202448
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202349
- JPMorgan ChaseSC 13G/A, 1 filing Dec 7, 202150
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 7,668,918 | $1.6B | 0.0% | +414,571 |
| Vanguard Portfolio Management LLC | 4,657,356 | $943.3M | 0.0% | +74,536 |
| State Street Corp | 2,607,217 | $532.1M | 0.0% | −1,639 |
| Vanguard Capital Management LLC | 2,428,567 | $491.9M | 0.0% | +25,153 |
| Principal Financial Group Inc | 2,310,283 | $467.9M | 0.2% | −18,431 |
| Norges Bank | 1,493,398 | $302.5M | 0.0% | New |
| Boston Partners | 1,340,324 | $271.5M | 0.2% | +40,386 |
| Geode Capital Management, LLC | 1,137,064 | $230.3M | 0.0% | +18,212 |
| Morgan Stanley | 1,114,758 | $225.8M | 0.0% | −28,805 |
| Nuveen, LLC | 1,073,341 | $217.4M | 0.1% | −203,195 |
| Daiwa Securities Group Inc. | 842,272 | $170.6M | 0.4% | −37,886 |
| Charles Schwab Investment Management Inc | 841,816 | $170.5M | 0.0% | +31,987 |
| Cbre Investment Management Listed Real Assets LLC | 819,322 | $165.9M | 2.3% | +27,904 |
| Dimensional Fund Advisors LP | 801,279 | $162.3M | 0.0% | +1,283 |
| Invesco Ltd. | 775,011 | $157.0M | 0.0% | −73,690 |
| Northern Trust Corp | 762,262 | $154.4M | 0.0% | +220,062 |
| Millennium Management LLC | 686,816 | $139.1M | 0.1% | +295,821 |
| Raymond James Financial Inc | 649,323 | $131.5M | 0.0% | −41,943 |
| Quantinno Capital Management LP | 599,901 | $121.5M | 0.1% | +98,615 |
| Deutsche Bank Ag\ | 566,705 | $114.8M | 0.0% | +114,239 |
| Jpmorgan Chase & Co | 522,802 | $108.7M | 0.0% | −203,360 |
| Bank Of America Corp /de/ | 466,624 | $94.5M | 0.0% | +35,346 |
| Bank of New York Mellon Corp | 460,584 | $93.3M | 0.0% | −7,782 |
| Goldman Sachs Group Inc | 436,944 | $88.5M | 0.0% | +109,692 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 388,843 | $78.8M | 0.0% | +448 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARLeland R. Speed, Chair
- 15SEC EDGARRichard Reid Dunbar, President
- 16SEC EDGARMarshall A. Loeb, President
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- 18SEC EDGARBrent Wood, Chief financial officer
- 19
- 20SEC EDGARBrent Wood, Chief operating officer
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- 27SEC EDGARBrent Wood, Senior Vice President
- 28SEC EDGARBruce Corkern, Senior Vice President
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- 31SEC EDGARPamela Shelley-Kessler, Board member
- 32SEC EDGARDavid Michael Fields, Board member
- 33SEC EDGARKatherine M. Sandstrom, Board member
- 34SEC EDGARDonald F. Colleran, Board member
- 35SEC EDGARLeland R. Speed, Board member
- 36SEC EDGARH. Eric Bolton Jr., Board member
- 37SEC EDGARDavid M. Osnos, Board member
- 38SEC EDGARD. Pike Aloian, Board member
- 39SEC EDGARFredric H. Gould, Board member
- 40SEC EDGARH. C. Bailey Jr., Board member
- 41SEC EDGARHayden C. Eaves Iii., Board member
- 42SEC EDGARMary E. McCormick, Board member
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