EastGroup Properties (EastGroup Properties) Debt-to-Equity : 0.64 (As of Mar. 2024)

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What is EastGroup Properties Debt-to-Equity?

EastGroup Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $-1.3 Mil. EastGroup Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,697.8 Mil. EastGroup Properties's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $2,659.0 Mil. EastGroup Properties's debt to equity for the quarter that ended in Mar. 2024 was 0.64.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for EastGroup Properties's Debt-to-Equity or its related term are showing as below:

EGP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 1.18 Max: 1.88
Current: 0.64

During the past 13 years, the highest Debt-to-Equity Ratio of EastGroup Properties was 1.88. The lowest was 0.64. And the median was 1.18.

EGP's Debt-to-Equity is ranked better than
62.41% of 673 companies
in the REITs industry
Industry Median: 0.78 vs EGP: 0.64

EastGroup Properties Debt-to-Equity Historical Data

The historical data trend for EastGroup Properties's Debt-to-Equity 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.

* Premium members only.

EastGroup Properties Debt-to-Equity Chart

EastGroup Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.00

1.04

0.94

0.97

0.65

EastGroup Properties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.89	0.79	0.71	0.65	0.64

Competitive Comparison of EastGroup Properties's Debt-to-Equity

For the REIT - Industrial subindustry, EastGroup Properties's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

EastGroup Properties's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, EastGroup Properties's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where EastGroup Properties's Debt-to-Equity falls into.

EastGroup Properties Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EastGroup Properties's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(-1.52	+	1697.987)	/	2608.327
	=	0.65

EastGroup Properties's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(-1.281	+	1697.78)	/	2659.043
	=	0.64

EastGroup Properties (NYSE:EGP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

EastGroup Properties Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of EastGroup Properties's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

EastGroup Properties (EastGroup Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » EastGroup Properties Inc (NYSE:EGP) » Definitions » Debt-to-Equity

Comparable Companies

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