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EastGroup Properties (EastGroup Properties) Equity-to-Asset : 0.58 (As of Mar. 2024)


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What is EastGroup Properties Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. EastGroup Properties's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $2,659.0 Mil. EastGroup Properties's Total Assets for the quarter that ended in Mar. 2024 was $4,577.0 Mil. Therefore, EastGroup Properties's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.58.

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

EGP' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33   Med: 0.43   Max: 0.58
Current: 0.58

During the past 13 years, the highest Equity to Asset Ratio of EastGroup Properties was 0.58. The lowest was 0.33. And the median was 0.43.

EGP's Equity-to-Asset is ranked better than
54.11% of 863 companies
in the REITs industry
Industry Median: 0.57 vs EGP: 0.58

EastGroup Properties Equity-to-Asset Historical Data

The historical data trend for EastGroup Properties's Equity-to-Asset 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 Equity-to-Asset Chart

EastGroup Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.47 0.49 0.48 0.58

EastGroup Properties Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.50 0.53 0.55 0.58 0.58

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

For the REIT - Industrial subindustry, EastGroup Properties's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the REITs Industry

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

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



EastGroup Properties Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=2608.327/4519.213
=0.58

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

Equity to Asset (Q: Mar. 2024 )=Total Stockholders Equity/Total Assets
=2659.043/4577.005
=0.58

* 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.


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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


EastGroup Properties Equity-to-Asset Related Terms

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


EastGroup Properties (EastGroup Properties) Business Description

Traded in Other Exchanges
Address
400 West Parkway Place, Suite 100, Ridgeland, MS, USA, 39157
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