The company has successfully strengthened its financial position, evidenced by a reduction in the debt-to-equity ratio from 0.65 in 2023Q4 to 0.47 in 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Assets | 5.49B | 5.43B | 5.08B | 4.52B | 4.04B | 3.22B | 2.72B | 2.55B | 2.13B | 1.95B | 1.83B | 1.67B | 1.58B | 1.47B | 1.35B | 1.29B | 1.18B | 1.18B | 1.16B | 1.06B | 911.79M | 863.54M | 768.66M | 729.27M | 702.34M | 683.78M | 666.21M | 632.15M | 567.55M | 413.13M | 281.45M |
| Asset Growth % | 37.17% | 6.98% | 12.35% | 11.98% | 25.52% | 18.18% | 6.86% | 19.44% | 9.14% | 6.98% | 9.57% | 5.74% | 6.95% | 8.81% | 5.25% | 8.72% | 0.4% | 1.93% | 9.51% | 15.8% | 5.59% | 12.34% | 5.4% | 3.83% | 2.71% | 2.64% | 5.39% | 11.38% | 37.38% | 46.78% | 78.19% |
| Real Estate & Other Assets | 125.82M | 137.3M | 4.9B | 4.36B | 3.93B | 3.1B | 2.62B | 2.45B | 2.06B | 1.88B | 1.76B | 1.6B | 1.52B | 1.42B | 1.31B | 30.03M | 25.63M | 25.19M | -1.09B | -1B | -860.38M | -818.03M | -721.7M | -695.64M | -672.98M | -650.49M | -632.6M | -605.21M | -537.15M | -393.21M | -262.38M |
| PP&E (Net) | 0 | 1.67M | 2.23M | 2.83M | 2.05M | 1.98M | 2.13M | 2.12M | 0 | 0 | 0 | 1.56B | 0 | 0 | 0 | 1.21B | 1.12B | 1.11B | 1.09B | 998.8M | 857.79M | 815.41M | 712.44M | 694.27M | 672.69M | 644.04M | 624.53M | 589.47M | 531.41M | 376.69M | 257.08M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 145.64M | 118.49M | 124.95M | 131.99M | 79.11M | 88.53M | 73.79M | 64.72M | 50.09M | 47.22M | 42.44M | 38.54M | 36.45M | 35.21M | 33.2M | 32.29M | 32.88M | 33.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash & Equivalents | 31.36M | 1.01M | 17.53M | 40.26M | 56K | 4.39M | 21K | 224K | 374K | 16K | 522K | 48K | 11K | 8K | 1.26M | 174K | 137K | 1.06M | 293K | 724K | 940K | 1.92M | 1.21M | 1.79M | 1.38M | 1.77M | 2.86M | 2.66M | 2.78M | 1.3M | 438K |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 3.34M | 745K | 2.52M | 3.86M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -293K | -724K | -940K | -1.92M | -1.21M | -1.79M | -1.66M | -8.22M | -10.93M | -15.7M | -8.48M | -17.8M | -1.34M |
| Intangible Assets | 37M | 37.75M | 38.85M | 20.37M | 21.15M | 18.9M | 15.15M | 17.63M | 12.43M | 12.47M | 13.45M | 11.51M | 12.65M | 12.6M | 8.8M | 9.65M | 3.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.91B | 1.94B | 1.78B | 1.91B | 2.08B | 1.64B | 1.45B | 1.34B | 1.23B | 1.2B | 1.18B | 1.11B | 1B | 954.71M | 862.93M | 880.91M | 771.77M | 731.42M | 742.83M | 651.14M | 490.84M | 496.97M | 414.97M | 360.52M | 344.1M | 311.33M | 289.12M | 260.5M | 248.82M | 153.38M | 132.99M |
| Total Debt | 1.67B | 1.75B | 1.55B | 1.7B | 1.88B | 1.48B | 1.32B | 1.2B | 1.11B | 1.11B | 1.1B | 1.03B | 935.45M | 895.84M | 815.08M | 833.45M | 735.72M | 1.38B | 695.69M | 600.8M | 446.51M | 463.73M | 390.11M | 338.27M | 322.3M | 291.07M | 372.71M | 243.7M | 351.12M | 188.95M | 129.08M |
| Net Debt | 1.64B | 1.75B | 1.53B | 1.66B | 1.88B | 1.47B | 1.32B | 1.2B | 1.11B | 1.11B | 1.1B | 1.03B | 935.44M | 895.84M | 813.82M | 833.27M | 735.58M | 1.38B | 695.4M | 600.08M | 445.57M | 461.81M | 388.9M | 336.49M | 322.3M | 289.31M | 369.85M | 243.7M | 348.33M | 187.65M | 128.64M |
| Long-Term Debt | 1.47B | 1.55B | 1.51B | 1.68B | 1.69B | 1.24B | 1.19B | 1.07B | 911.86M | 912.57M | 910.34M | 878.5M | 833.78M | 804.79M | 737.77M | 832.69M | 735.72M | 692.11M | 695.69M | 600.8M | 446.51M | 463.73M | 390.11M | 338.27M | 322.3M | 205.01M | 270.71M | 148.7M | 236.82M | 147.15M | 129.08M |
| Short-Term Borrowings | 140M | 140M | -3.6M | -1.52M | 168.45M | 207.07M | 124.19M | 111.39M | 193.93M | 195.71M | 190.99M | 149.41M | 99.4M | 88.95M | 76.16M | 0 | 0 | 692.11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 86.06M | 102M | 95M | 114.3M | 41.8M | 0 |
| Capital Lease Obligations | 202.17M | 62.15M | 41.66M | 21.64M | 22.05M | 24.93M | 13.37M | 14.19M | 0 | 1.99M | 2.35M | 2.13M | 2.28M | 2.1M | 1.15M | 760K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 140M | 140M | 168.56M | 164.89M | 322.45M | 333.23M | 208.46M | 217.27M | 293.22M | 270.03M | 253.49M | 203.6M | 147.81M | 136.16M | 113M | 37.58M | 20.97M | 23.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | 7.3M | 169.94M | 10.92M | 14.99M | 11.01M | 10.58M | 2.42M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.21M | 7.78M | 7.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 24.08M | 24.89M | 24.81M | 20.07M | 17M | 16.4M | 14.69M | 13.86M | 12.73M | 9.35M | 9.79M | 10M | 8.97M | 10.1M | 7.93M | 6.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 219.91M | 158.74M | 67.56M | 47.7M | 44.62M | 41.01M | 41.76M | 41.08M | 21.92M | 17.5M | 17.72M | 18.48M | 16.34M | 11.66M | 11.01M | 9.88M | 15.08M | 15.71M | -695.69M | -600.8M | -446.51M | -463.73M | -390.11M | -338.27M | -322.3M | -205.01M | -270.71M | -148.7M | -236.82M | -147.15M | -129.08M |
| Total Equity | 3.58B | 3.5B | 3.29B | 2.61B | 1.95B | 1.57B | 1.27B | 1.2B | 904.7M | 751.13M | 641.87M | 559.2M | 575.62M | 518.71M | 491.18M | 405.61M | 411.51M | 447.1M | 413.38M | 404.7M | 420.94M | 366.57M | 353.69M | 368.75M | 358.24M | 372.45M | 375.39M | 371.61M | 316.02M | 259.75M | 148.47M |
| Equity Growth % | 60.14% | 6.2% | 26.22% | 33.54% | 24.31% | 23.69% | 5.67% | 32.9% | 20.45% | 17.02% | 14.78% | -2.85% | 10.97% | 5.6% | 21.1% | -1.43% | -7.96% | 8.16% | 2.14% | -3.86% | 14.83% | 3.64% | -4.08% | 2.93% | -3.81% | -0.78% | 1.02% | 17.59% | 21.66% | 74.96% | 77.15% |
| Shareholders Equity | 3.58B | 3.5B | 3.29B | 2.61B | 1.95B | 1.57B | 1.27B | 1.2B | 903.06M | 749.47M | 637.66M | 554.86M | 571.13M | 514M | 486.31M | 402.83M | 408.86M | 444.52M | 410.84M | 402.38M | 418.8M | 364.86M | 351.81M | 366.94M | 356.49M | 370.71M | 375.39M | 369.31M | 316.02M | 257.31M | 145.33M |
| Minority Interest | 387K | 387K | 365K | 307K | 441K | 1.39M | 880K | 1.76M | 1.64M | 1.66M | 4.21M | 4.34M | 4.49M | 4.71M | 4.86M | 2.78M | 2.65M | 2.58M | 2.54M | 2.31M | 2.15M | 1.7M | 1.88M | 1.8M | 1.76M | 1.74M | 1.7M | 2.34M | 2.7M | 2.44M | 3.14M |
| Common Stock | 5K | 5K | 5K | 5K | 4K | 4K | 4K | 4K | 4K | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 10.55M |
| Additional Paid-in Capital | 4.01B | 3.95B | 3.67B | 2.95B | 2.25B | 1.89B | 1.61B | 1.51B | 1.22B | 1.06B | 949.32M | 887.21M | 874.34M | 790.53M | 731.95M | 619.39M | 591.11M | 589.2M | 528.45M | 467.57M | 463.17M | 392.13M | 357.01M | 352.55M | 243.56M | 240.2M | 238.91M | 233.5M | 246.34M | 244.22M | 123.78M |
| Retained Earnings | -447.95M | -458.95M | -403.17M | -366.47M | -334.9M | -318.06M | -329.67M | -316.3M | -326.19M | -317.03M | -313.65M | -328.89M | -300.85M | -278.17M | -245.25M | -216.56M | -182.25M | -144.36M | 0 | 0 | -77.02M | -57.93M | -35.21M | -15.6M | 7.11M | 23.75M | 28.18M | 26.65M | 18.08M | 13.63M | 11M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.33M | 32.33M | 32.33M | 32.33M | 32.33M | 108.53M | 108.53M | 108.53M | 108.53M | 9.64M | 0 | 0 |
| Return on Assets (ROA) | 5.45% | 4.9% | 4.75% | 4.69% | 5.14% | 5.31% | 4.11% | 5.2% | 4.33% | 4.4% | 5.47% | 2.95% | 3.14% | 2.31% | 1.93% | 1.81% | 1.55% | 2.28% | 3.09% | 3.02% | 3.29% | 2.72% | 3.11% | 2.86% | 3.41% | 5.06% | 5.62% | 6.39% | 5.98% | 5.98% | 5.69% |
| Return on Equity (ROE) | 8.37% | 7.58% | 7.72% | 8.79% | 10.56% | 11.09% | 8.76% | 11.55% | 10.69% | 11.94% | 15.9% | 8.44% | 8.76% | 6.46% | 5.69% | 5.47% | 4.27% | 6.2% | 8.35% | 7.2% | 7.42% | 6.16% | 6.46% | 5.62% | 6.47% | 9.14% | 9.78% | 11.16% | 10.19% | 10.18% | 10.77% |
| Debt / Assets | 30.4% | 32.25% | 30.43% | 37.54% | 46.68% | 45.93% | 48.67% | 47.01% | 51.87% | 56.84% | 60.45% | 61.82% | 59.36% | 60.8% | 60.19% | 64.78% | 62.18% | 117.45% | 60.17% | 56.9% | 48.97% | 53.7% | 50.75% | 46.39% | 45.89% | 42.57% | 55.95% | 38.55% | 61.87% | 45.74% | 45.86% |
| Debt / Equity | 0.47x | 0.50x | 0.47x | 0.65x | 0.96x | 0.94x | 1.04x | 1.00x | 1.22x | 1.48x | 1.72x | 1.84x | 1.63x | 1.73x | 1.66x | 2.05x | 1.79x | 3.10x | 1.68x | 1.48x | 1.06x | 1.27x | 1.10x | 0.92x | 0.90x | 0.78x | 0.99x | 0.66x | 1.11x | 0.73x | 0.87x |
| Net Debt / EBITDA | 3.17x | 3.47x | 2.53x | 3.06x | 4.02x | 3.80x | 3.84x | 3.85x | 3.97x | 4.40x | 7.12x | 7.21x | 6.91x | 6.78x | 6.64x | 7.29x | 6.59x | 12.24x | 6.18x | 5.92x | 5.01x | 5.53x | 5.15x | 4.69x | 4.49x | 3.85x | 5.25x | 3.95x | 6.50x | 5.31x | 5.39x |
| Book Value per Share | 66.80 | 65.50 | 67.32 | 57.55 | 45.74 | 38.92 | 32.33 | 32.04 | 25.48 | 22.06 | 19.67 | 17.37 | 18.30 | 17.14 | 17.13 | 15.04 | 15.34 | 17.40 | 16.77 | 17.02 | 18.55 | 16.74 | 16.77 | 20.27 | 22.06 | 23.26 | 23.79 | 22.95 | 19.24 | 19.47 | 11.41 |
Sunbelt insurance cost inflation
As reported in recent financial statements, EastGroup Properties has grown total assets from $4.5 billion in 2023Q4 to $5.5 billion in 2026Q1, reflecting a consistent strategy of capital deployment into high-barrier infill markets that appears to be driving long-term value creation.
The steady increase in total assets suggests that the company is successfully executing its develop-to-own model, effectively converting capital into income-producing industrial space. This growth trajectory appears sustainable, provided the company maintains its disciplined approach to site selection in supply-constrained Sunbelt submarkets.
Based on the provided quarterly data, the company's debt-to-equity ratio has trended downward from 0.65 in 2023Q4 to 0.47 in 2026Q1, indicating a strengthening balance sheet that provides significant capacity for future development funding without over-reliance on external debt markets.
This deleveraging trend is particularly notable given the capital-intensive nature of industrial development, suggesting that management is prioritizing balance sheet resilience. Investors should monitor whether this conservative posture persists as the company continues to scale its portfolio in competitive geographic regions.
According to the latest balance sheet figures, EastGroup maintains a cash position of $31.4 million as of 2026Q1, which, when viewed alongside the company's manageable debt maturity profile, suggests an adequate liquidity buffer to support ongoing property-level capital expenditures and development commitments.
While the cash balance appears modest relative to total assets, the company's ability to generate consistent FFO provides a reliable internal funding source for its development pipeline. The liquidity position warrants ongoing observation to ensure that unexpected spikes in construction costs do not necessitate dilutive equity issuance.
Analysis of the reported financial statements indicates that the company's reliance on capitalizing interest and overhead during development, as evidenced by the $5.5 billion asset base, may mask the true cash-on-cash yield of its recent property additions until they reach full stabilization.
This accounting practice effectively defers expenses, which may temporarily inflate reported earnings and balance sheet values. Investors should be cautious, as any delay in the stabilization of these development projects could lead to a sudden recognition of costs that might pressure future FFO growth.
Quick answers to the most common questions about buying EGP stock.
As of 2025, EastGroup Properties, Inc. (EGP) had total assets of $5.43B including $118.5M in current assets.
EastGroup Properties, Inc. (EGP) carries total debt of $1.75B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
EastGroup Properties, Inc. (EGP) has total shareholders' equity (book value) of $3.50B ($65.50 book value per share). Book value represents the net worth of the company belonging to common stock holders.
EastGroup Properties, Inc. (EGP) reported a current ratio of 0.85x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.