Filing Flows › Eastgroup Properties (EGP) › Q1 2025
Eastgroup Properties (EGP) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
Eastgroup Properties (EGP) reported revenue of $174M for the first quarter 2025 (Q1 2025), +13% from a year earlier and +6% from the quarter before. Operating margin was 38.4%, net earnings $59.4M (34.1% of revenue).
Eastgroup Properties, Q1 2025: revenue $174M (+13% year over year), operating margin 38.4%, net earnings $59.4M, operating cash flow $134M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $174M | +6% | +13% |
| Operating profit | $67.0M | +0.1% | +13% |
| Net earnings | $59.4M | +1% | +1% |
| Operating cash flow | $134M | +148% | +14% |
| Free cash flow | $77.4M | — | +31% |
What changed
Revenue was $174.4M in Q1 2025, up 13% year over year and up 6% from the previous quarter.
Operating profit was $67.0M, a 38.4% margin (unchanged year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, below the 38% margin then. Total costs grew 13% against revenue growth of 13%. The fastest-growing cost line was General & admin (+19%). Net earnings were $59.4M, up 1% year over year. The effective tax rate was 0.0%.
Operating cash flow was $133.7M (up 14% year over year), 225% of net earnings. Non-cash charges added back $52.5M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items added $17.5M. Capital expenditures of $56.3M left free cash flow of $77.4M.
Questions
What was Eastgroup Properties' revenue in the first quarter 2025?
Eastgroup Properties (EGP) reported revenue of $174M for the first quarter 2025 (Q1 2025), +13% from a year earlier and +6% from the quarter before.
Was Eastgroup Properties profitable in the first quarter 2025?
Operating profit was $67.0M (38.4% of revenue) and net earnings $59.4M.