- EastGroup revised its full-year FFO (Funds From Operations) per share forecast to a range of $8.84 to $9.04, previously projected at $8.80 to $9.00, with a market estimate of $8.89.
- First quarter FFO per share reached $2.15, an increase from $1.98 year-over-year, surpassing the analysts’ estimate of $2.10.
- The company reported a 13% year-over-year increase in revenue, totaling $174.4 million, beating the market estimate of $168.4 million.
- Net operating income for the first quarter was $126.2 million, up 13% from the previous year, exceeding the expected $124.5 million.
- EBITDAre (Earnings Before Interest, Taxes, Depreciation, Amortization, and restructuring or rent costs) increased by 14% year-over-year, reaching $120.0 million, above the forecasted $117.6 million.
- The EPS (Earnings Per Share) forecast for 2025 is estimated to be between $4.67 and $4.87.
- The company has received 13 buy ratings, 9 hold ratings, and no sell ratings.
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A look at Eastgroup Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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, is positioned for a positive long-term outlook based on Smartkarma Smart Scores. With a strong momentum score of 5, the company is showing robust performance trends. Its resilience score of 4 indicates a stable and enduring business model, while both the growth and dividend scores of 4 suggest promising prospects for expansion and potential returns for investors. Furthermore, the value score of 3 reflects a balanced valuation in relation to the market. EastGroup Properties focuses on acquiring and developing industrial properties in key sunbelt markets across the United States, particularly in California, Florida, Texas, and Arizona.
Overall, EastGroup Properties appears to be well-positioned for sustained growth and stability in the long term. The combination of solid momentum, resilience, growth, and dividend scores signifies a comprehensive and favorable outlook for the company. Investors may find EastGroup Properties an attractive option for potential returns and exposure to the industrial real estate sector, especially in major sunbelt markets in the United States.
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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