EastGroup Properties, Inc. (NYSE:EGP)

CAPS Rating: No stars

The Company is focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona and California.

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Member Avatar kahunacfa (68.03) Submitted: 6/3/2010 1:20:31 PM : Outperform Start Price: $31.51 EGP Score: +20.92

EastGroup Properties(EGP) is an attractive REIT investing primarily in industrial properties. As the US economy continues to improve in 2010 and beyond EGP's industrial properties will be more fully utilized. In addition, EGP has about a billion in cash to purchase any distressed realestate that may become available through bankruptcy or other proceedings.

The dividend yield is about 5.6%, the dividend is expected to increase, perhaps significantly over the next two to four years.

EastGroup Properties is a strong BUY under $38 per share for long-term investors.

Kahuna, CFA
Kailua-Kona, Hawaii


Member Avatar hondo928 (99.65) Submitted: 3/27/2008 2:21:53 PM : Underperform Start Price: $30.51 EGP Score: -54.00

They increased dividends in the current market that's pretty impressive not going to lie. I feel like that asset number might be very misleading though I mean I find it hard to believe if they needed to see off some of that Real Estate Property Plant and Equipment would be worth no where near that amount. It's gotten squeezed recently, if they took some right downs though that might change. They have grown NI, so maybe management is actually pretty good. We shall see.

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