- EastGroup reported a fourth-quarter revenue of $164.0 million, marking a 10% increase year-over-year, meeting analyst estimates of $165.4 million.
- Net operating income was $120.9 million, up by 9.9% from the previous year, slightly below the estimate of $122.5 million.
- EBITDA for the quarter reached $117.4 million, a 10% rise compared to last year, close to the estimated $118.1 million.
- Projected earnings per share (EPS) for 2025 are expected to range from $4.71 to $4.91.
- Funds from operations (FFO) per share for 2025 are projected to be between $8.80 and $9.00.
- Marshall Loeb, CEO, highlighted a 5.9% quarterly and 7.9% yearly increase in FFO per share excluding specific gains and claims.
- Analyst ratings include 14 buy ratings, 8 hold ratings, and no sell ratings.
A look at Eastgroup Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
EastGroup Properties, Inc., an equity real estate investment trust, seems to have a promising long-term outlook according to the Smartkarma Smart Scores. With a solid score of 4 for both Dividend and Growth factors, the company appears well-positioned for sustainable returns and potential expansion. Additionally, its Resilience score of 3 suggests a certain level of stability in the face of market fluctuations. While the Momentum score of 3 indicates a moderate growth pace, the company’s overall outlook seems positive, especially in major sunbelt markets like California, Florida, Texas, and Arizona.
In conclusion, EastGroup Properties, Inc. shows strengths in both dividend yield and growth potential, which are key factors for long-term investors. The company’s strategic focus on industrial properties in high-growth regions bodes well for its future performance. Although the value score is neutral at 3, the company’s overall Smart Scores paint a picture of a company with a positive long-term trajectory in the real estate investment trust sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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