EastGroup Properties (EastGroup Properties) Interest Expense

: $-45.0 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. EastGroup Properties's interest expense for the three months ended in Dec. 2023 was $ -10.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-45.0 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. EastGroup Properties's Operating Income for the three months ended in Dec. 2023 was $ 60.6 Mil. EastGroup Properties's Interest Expense for the three months ended in Dec. 2023 was $ -10.4 Mil. EastGroup Properties's Interest Coverage for the quarter that ended in Dec. 2023 was 5.85. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

EastGroup Properties Interest Expense Historical Data

The historical data trend for EastGroup Properties's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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EastGroup Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-34.46

-33.93

-32.95

-36.43

-45.05

EastGroup Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-11.09	-12.30	-11.85	-10.53	-10.37

EastGroup Properties Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-45.0 Mil.

EastGroup Properties (NYSE:EGP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

EastGroup Properties's Interest Expense for the three months ended in Dec. 2023 was $-10.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $60.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,698.0 Mil.

EastGroup Properties's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	60.647	/	-10.374
	=	5.85

The higher the ratio, the stronger the company's financial strength is.

EastGroup Properties (EastGroup Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » EastGroup Properties Inc (NYSE:EGP) » Definitions » Interest Expense

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Traded in Other Exchanges

EGO:Germany

Address

400 West Parkway Place, Suite 100, Ridgeland, MS, USA, 39157

Website

https://www.eastgroup.net

EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in major Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. Properties located in Texas and Florida account for most of EastGroup's total real estate portfolio. The company derives its revenue in the form of rental income.

Executives

John F Coleman	officer: Executive Vice President	7003 PRESIDENTS DRIVE, STE 800, ORLANDO FL 32701
Richard Reid Dunbar	officer: Senior Vice President	190 EAST CAPITOL STREET, SUITE 400, JACKSON MS 39201
Eaves Hayden C Iii	director	201 S LAKE AVE, STE 501, PASADENA CA 91101
David Michael Fields	director	34 OAK TRAIL COURT, ALAMO CA 94507
Staci H. Tyler	officer: Senior VP, CAO and Secretary	EASTGROUP PROPERTIES, INC., 400 W. PARKWAY PLACE, SUITE 100, RIDGELAND MS 39157
Leland R Speed	director
Hoster David H Ii	director	188 EAST CAPITAL STREET, 300MONE JACKSON PLACE, JACKSON MS 39201
Katherine M Sandstrom	director	4600 SOUTH SYRACUSE STREET, SUITE 500, DENVER CO 80237
Bailey H C Jr	director	1052 HIGHLAND COLONY PARKWAY, STE 202, RIDGELAND MS 39157
Brent Wood	officer: Executive Vice President & CFO	188 E CAPITOL ST, 300 ONE JACKSON PL, JACKSON MS 39201
Donald F Colleran	director	942 SOUTH SHADY GROVE ROAD, MEMPHIS TN 38117
D Pike Aloian	director	C/O ROTHSCHILD REALTY INC, 1251 AVENUEOF THE AMERICAS, NEW YORK NY 10020
Mary E Mccormick	director	188 E. CAPITOL STREET, 300 ONE JACKSON PLACE, JACKSON MS 39201
Bolton H Eric Jr	director
Marshall A Loeb	director, officer: President and CEO	C/O EASTGROUP PROPERTIES, INC., 190 EAST CAPITOL STREET, JACKSON MS 39201