What is EastGroup Properties's FLORIDA — encumbrances?

EastGroup Properties (EGP) reported FLORIDA — encumbrances of $0 in Q4 2022.

What does FLORIDA — encumbrances mean?

The total number of properties in the Florida portfolio that have legal or financial claims, such as mortgages, attached to them.

How do you interpret FLORIDA — encumbrances?

An increase in encumbered properties signals reduced financial flexibility and higher debt-to-asset ratios at the property level, whereas a decrease indicates a stronger, unencumbered asset base.

How does FLORIDA — encumbrances compare across companies?

Most industrial REITs track unencumbered asset pools to demonstrate their capacity to access unsecured debt markets.

EastGroup Properties EGP FLORIDA — Encumbrances

Discontinued — last reported Q4 '22

Similar metrics at other companies

REGFL — Real Estate And Accumulated Depreciation Amount Of Encumbrances

$16.7M0.0%

INVHSouth Florida — Encumbrances

$118.78M-0.1%

LINEFlorida — SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances

$30M0.0%

AHRCentral Florida Senior Housing Portfolio Two — Encumbrances

$0—

AHRCentral Florida Senior Housing Portfolio Eight — Encumbrances

$0—

INVHSouth Florida — Number of Encumbered Properties

135.8-0.2%

Other financials

Income statement

See full

Revenue$190.3M+9.1%

Net income$94.6M+59.2%

EPS (diluted)$1.77+55.3%

Balance sheet

See full

Cash & equivalents$31.4M+52.9%

Total debt$1.8B+23.1%

Total equity$3.6B+6.9%

Total assets$5.5B+7.5%

Cash flow

See full

Operating cash flow$142.3M+6.5%

CapEx$15.6M-21.1%

Free cash flow$126.7M+11.2%

Valuation

See full

Market cap$10.75B+7.7%

Enterprise value$12.51B+9.7%

P/E36.7×-6.9×

P/S14.6×-0.5×

Profitability

See full

Operating margin36.1%—

Net margin39.7%+5.1pp

FCF margin56.7%+0.8pp

Returns & leverage

See full

Return on equity8.5%+0.8pp

Debt / equity0.5×+0.1×

Where this comes from

Reported directly by EastGroup Properties in its filing.

Tagged under the XBRL concept srt:RealEstateAndAccumulatedDepreciationAmountOfEncumbrances.

The official record: EastGroup Properties’s 10-K, filed February 15, 2023, on SEC EDGAR. View the filing →

Ask your AI about EastGroup Properties's florida — encumbrances.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is EastGroup Properties's FLORIDA — encumbrances?: EastGroup Properties (EGP) reported FLORIDA — encumbrances of $0 in Q4 2022.
What does FLORIDA — encumbrances mean?: The total number of properties in the Florida portfolio that have legal or financial claims, such as mortgages, attached to them.
How do you interpret FLORIDA — encumbrances?: An increase in encumbered properties signals reduced financial flexibility and higher debt-to-asset ratios at the property level, whereas a decrease indicates a stronger, unencumbered asset base.
How does FLORIDA — encumbrances compare across companies?: Most industrial REITs track unencumbered asset pools to demonstrate their capacity to access unsecured debt markets.