EastGroup Depreciation vs Net Income Analysis

EGP Stock

USD 169.28 1.73 1.01%

EastGroup Properties financial indicator trend analysis is much more than just examining EastGroup Properties latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EastGroup Properties is a good investment. Please check the relationship between EastGroup Properties Depreciation and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EastGroup Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in EastGroup Stock, please use our How to Invest in EastGroup Properties guide.

Depreciation vs Net Income

Depreciation vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EastGroup Properties Depreciation account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between EastGroup Properties' Depreciation and Net Income is 0.94. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of EastGroup Properties, assuming nothing else is changed. The correlation between historical values of EastGroup Properties' Depreciation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of EastGroup Properties are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., EastGroup Properties' Depreciation and Net Income go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Depreciation

Depreciation indicates how much of EastGroup Properties value has been used up. For tax purposes EastGroup Properties can deduct the cost of the tangible assets it purchases as business expenses. However, EastGroup Properties must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in EastGroup Properties financial statement analysis. It represents the amount of money remaining after all of EastGroup Properties operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from EastGroup Properties' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EastGroup Properties current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EastGroup Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in EastGroup Stock, please use our How to Invest in EastGroup Properties guide.At this time, EastGroup Properties' Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 11/22/2024, Enterprise Value Over EBITDA is likely to grow to 26.19, while Issuance Of Capital Stock is likely to drop slightly above 244.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	294.4M	353.1M	416.6M	437.4M
Total Revenue	409.5M	487.0M	570.6M	599.1M

Gross Profit Total Revenue

EastGroup Properties fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Net	Non Currrent Assets Other	Property Plant And Equipment Gross	Non Current Assets Total	Cash And Short Term Investments	Short Term Investments	Total Current Assets	Other Current Liab	Total Current Liabilities	Cash	Common Stock Total Equity	Common Stock	Short Term Debt	Other Liab	Accounts Payable	Long Term Debt
Total Assets		0.78	0.98	0.95	-0.71	0.1	0.9	0.98	0.99	0.96	-0.22	-0.44	-0.22	1.0	0.72	0.8	0.88	0.96	0.48	0.73	-0.48	-0.48	-0.37	0.61	0.2	0.77
Short Long Term Debt Total	0.78		0.69	0.89	-0.78	0.07	0.87	0.88	0.74	0.88	0.14	-0.23	0.14	0.79	0.36	0.43	0.67	0.67	0.47	0.37	-0.79	-0.79	0.22	0.61	-0.1	0.77
Total Stockholder Equity	0.98	0.69		0.87	-0.6	0.09	0.82	0.93	0.98	0.9	-0.23	-0.51	-0.23	0.98	0.81	0.87	0.89	0.96	0.37	0.81	-0.35	-0.35	-0.41	0.55	0.19	0.67
Net Debt	0.95	0.89	0.87		-0.85	0.13	0.96	0.98	0.92	1.0	-0.19	-0.28	-0.19	0.95	0.5	0.6	0.79	0.87	0.65	0.51	-0.69	-0.69	-0.25	0.66	0.19	0.87
Retained Earnings	-0.71	-0.78	-0.6	-0.85		-0.13	-0.94	-0.79	-0.66	-0.83	0.22	-0.17	0.22	-0.72	-0.3	-0.37	-0.57	-0.58	-0.67	-0.31	0.91	0.91	0.18	-0.63	-0.13	-0.76
Other Assets	0.1	0.07	0.09	0.13	-0.13		0.16	0.12	0.17	0.12	-0.08	-0.24	-0.08	0.1	-0.08	-0.05	0.14	0.08	0.06	-0.08	-0.07	-0.07	-0.11	0.4	0.06	0.15
Common Stock Shares Outstanding	0.9	0.87	0.82	0.96	-0.94	0.16		0.94	0.87	0.96	-0.19	-0.14	-0.19	0.9	0.5	0.57	0.75	0.8	0.61	0.51	-0.81	-0.8	-0.22	0.7	0.14	0.8
Non Current Liabilities Total	0.98	0.88	0.93	0.98	-0.79	0.12	0.94		0.95	0.99	-0.13	-0.38	-0.13	0.98	0.63	0.71	0.83	0.9	0.49	0.64	-0.63	-0.63	-0.23	0.67	0.14	0.81
Other Stockholder Equity	0.99	0.74	0.98	0.92	-0.66	0.17	0.87	0.95		0.94	-0.25	-0.52	-0.25	0.99	0.71	0.79	0.85	0.97	0.47	0.71	-0.42	-0.42	-0.4	0.63	0.2	0.75
Total Liab	0.96	0.88	0.9	1.0	-0.83	0.12	0.96	0.99	0.94		-0.2	-0.31	-0.2	0.97	0.55	0.64	0.8	0.9	0.63	0.55	-0.66	-0.66	-0.28	0.65	0.2	0.86
Property Plant And Equipment Net	-0.22	0.14	-0.23	-0.19	0.22	-0.08	-0.19	-0.13	-0.25	-0.2		-0.24	1.0	-0.22	-0.11	-0.15	-0.13	-0.31	-0.41	-0.11	-0.07	-0.07	0.68	-0.11	0.07	-0.2
Non Currrent Assets Other	-0.44	-0.23	-0.51	-0.28	-0.17	-0.24	-0.14	-0.38	-0.52	-0.31	-0.24		-0.24	-0.44	-0.38	-0.44	-0.36	-0.48	0.16	-0.37	-0.25	-0.25	0.08	-0.34	-0.15	-0.24
Property Plant And Equipment Gross	-0.22	0.14	-0.23	-0.19	0.22	-0.08	-0.19	-0.13	-0.25	-0.2	1.0	-0.24		-0.22	-0.11	-0.15	-0.13	-0.31	-0.41	-0.11	-0.07	-0.07	0.68	-0.11	0.07	-0.2
Non Current Assets Total	1.0	0.79	0.98	0.95	-0.72	0.1	0.9	0.98	0.99	0.97	-0.22	-0.44	-0.22		0.71	0.8	0.87	0.96	0.49	0.72	-0.49	-0.49	-0.37	0.61	0.2	0.77
Cash And Short Term Investments	0.72	0.36	0.81	0.5	-0.3	-0.08	0.5	0.63	0.71	0.55	-0.11	-0.38	-0.11	0.71		0.93	0.81	0.68	-0.1	1.0	-0.1	-0.1	-0.36	0.22	0.09	0.22
Short Term Investments	0.8	0.43	0.87	0.6	-0.37	-0.05	0.57	0.71	0.79	0.64	-0.15	-0.44	-0.15	0.8	0.93		0.8	0.79	0.04	0.93	-0.13	-0.13	-0.41	0.38	0.15	0.45
Total Current Assets	0.88	0.67	0.89	0.79	-0.57	0.14	0.75	0.83	0.85	0.8	-0.13	-0.36	-0.13	0.87	0.81	0.8		0.82	0.31	0.82	-0.37	-0.37	-0.29	0.46	0.15	0.57
Other Current Liab	0.96	0.67	0.96	0.87	-0.58	0.08	0.8	0.9	0.97	0.9	-0.31	-0.48	-0.31	0.96	0.68	0.79	0.82		0.51	0.68	-0.31	-0.31	-0.45	0.54	0.22	0.73
Total Current Liabilities	0.48	0.47	0.37	0.65	-0.67	0.06	0.61	0.49	0.47	0.63	-0.41	0.16	-0.41	0.49	-0.1	0.04	0.31	0.51		-0.1	-0.48	-0.48	-0.36	0.31	0.39	0.74
Cash	0.73	0.37	0.81	0.51	-0.31	-0.08	0.51	0.64	0.71	0.55	-0.11	-0.37	-0.11	0.72	1.0	0.93	0.82	0.68	-0.1		-0.11	-0.11	-0.36	0.23	0.09	0.22
Common Stock Total Equity	-0.48	-0.79	-0.35	-0.69	0.91	-0.07	-0.81	-0.63	-0.42	-0.66	-0.07	-0.25	-0.07	-0.49	-0.1	-0.13	-0.37	-0.31	-0.48	-0.11		1.0	-0.2	-0.6	0.07	-0.6
Common Stock	-0.48	-0.79	-0.35	-0.69	0.91	-0.07	-0.8	-0.63	-0.42	-0.66	-0.07	-0.25	-0.07	-0.49	-0.1	-0.13	-0.37	-0.31	-0.48	-0.11	1.0		-0.2	-0.6	0.07	-0.6
Short Term Debt	-0.37	0.22	-0.41	-0.25	0.18	-0.11	-0.22	-0.23	-0.4	-0.28	0.68	0.08	0.68	-0.37	-0.36	-0.41	-0.29	-0.45	-0.36	-0.36	-0.2	-0.2		-0.11	-0.61	-0.2
Other Liab	0.61	0.61	0.55	0.66	-0.63	0.4	0.7	0.67	0.63	0.65	-0.11	-0.34	-0.11	0.61	0.22	0.38	0.46	0.54	0.31	0.23	-0.6	-0.6	-0.11		-0.01	0.72
Accounts Payable	0.2	-0.1	0.19	0.19	-0.13	0.06	0.14	0.14	0.2	0.2	0.07	-0.15	0.07	0.2	0.09	0.15	0.15	0.22	0.39	0.09	0.07	0.07	-0.61	-0.01		0.2
Long Term Debt	0.77	0.77	0.67	0.87	-0.76	0.15	0.8	0.81	0.75	0.86	-0.2	-0.24	-0.2	0.77	0.22	0.45	0.57	0.73	0.74	0.22	-0.6	-0.6	-0.2	0.72	0.2

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EastGroup Properties Account Relationship Matchups

EastGroup Properties fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	2.7B	3.2B	4.0B	4.5B	4.7B
Short Long Term Debt Total	1.3B	1.4B	1.7B	2.0B	1.7B	1.8B
Total Stockholder Equity	1.2B	1.3B	1.6B	2.0B	2.6B	2.7B
Net Debt	1.2B	1.3B	1.5B	1.9B	1.7B	1.7B
Retained Earnings	(316.3M)	(329.7M)	(318.1M)	(334.9M)	(366.5M)	(348.1M)
Other Assets	55.9M	2.7B	3.2M	68.9M	79.3M	134.9M
Common Stock Shares Outstanding	37.5M	39.3M	40.4M	42.7M	45.3M	47.6M
Liabilities And Stockholders Equity	2.5B	2.7B	3.2B	4.0B	4.5B	4.7B
Non Current Liabilities Total	1.1B	1.2B	1.3B	1.8B	1.7B	1.8B
Other Stockholder Equity	1.8B	1.9B	2.2B	2.6B	2.9B	3.1B
Total Liab	1.3B	1.5B	1.6B	2.1B	1.9B	2.0B
Non Currrent Assets Other	144.6M	57.5M	(122.8M)	(108.1M)	7.6M	7.2M
Non Current Assets Total	2.5B	2.6B	3.1B	4.0B	4.4B	4.6B
Cash And Short Term Investments	224K	21K	4.4M	56K	40.3M	42.3M
Total Current Assets	224K	73.8M	93.6M	76.6M	132.0M	138.6M
Other Current Liab	68.1M	67.2M	99.2M	126.0M	131.3M	137.9M
Total Current Liabilities	203.4M	208.5M	333.2M	322.4M	164.9M	140.8M
Cash	224K	21K	4.4M	56K	40.3M	42.3M
Accumulated Other Comprehensive Income	2.8M	(10.8M)	1.3M	36.4M	24.9M	26.1M
Short Term Debt	111.4M	124.2M	207.1M	168.5M	1.5M	1.4M
Other Liab	54.3M	69.8M	56.5M	59.6M	68.6M	38.6M
Accounts Payable	10.1M	2.4M	10.6M	11.0M	15.0M	15.7M
Long Term Debt	1.2B	1.3B	1.5B	1.9B	1.7B	926.9M
Intangible Assets	17.6M	15.1M	18.9M	21.2M	20.4M	12.2M
Other Current Assets	(46.2M)	(51.3M)	16.7M	(71.4M)	(124.0M)	(117.8M)
Net Tangible Assets	1.2B	1.3B	1.4B	2.0B	2.2B	2.4B
Noncontrolling Interest In Consolidated Entity	1.8M	880K	1.4M	441K	396.9K	377.1K
Net Receivables	46.0M	51.3M	66.8M	71.4M	83.8M	47.1M
Retained Earnings Total Equity	(316.3M)	(329.7M)	(318.1M)	(334.9M)	(301.4M)	(316.5M)
Long Term Debt Total	1.2B	1.3B	1.5B	1.9B	2.1B	1.2B
Capital Surpluse	1.5B	1.6B	1.9B	2.3B	2.6B	2.7B
Long Term Investments	7.8M	7.4M	13.0M	7.2M	7.5M	7.3M
Non Current Liabilities Other	69.1M	69.8M	82.3M	83.7M	45.2M	45.4M
Property Plant Equipment	2.4B	2.6B	3.0B	3.8B	4.4B	4.6B

Pair Trading with EastGroup Properties

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EastGroup Properties position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EastGroup Properties will appreciate offsetting losses from the drop in the long position's value.

Moving together with EastGroup Stock

0.68

Realty Income

Pair Corr

Moving against EastGroup Stock

0.75	SITC	Site Centers Corp	Pair Corr
0.73	UE	Urban Edge Properties Sell-off Trend	Pair Corr
0.73	SKT	Tanger Factory Outlet	Pair Corr
0.69	SPG	Simon Property Group	Pair Corr
0.62	IVT	Inventrust Properties	Pair Corr

The ability to find closely correlated positions to EastGroup Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EastGroup Properties when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EastGroup Properties - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EastGroup Properties to buy it.

The correlation of EastGroup Properties is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EastGroup Properties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EastGroup Properties moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for EastGroup Properties can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for EastGroup Stock Analysis

When running EastGroup Properties' price analysis, check to measure EastGroup Properties' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EastGroup Properties is operating at the current time. Most of EastGroup Properties' value examination focuses on studying past and present price action to predict the probability of EastGroup Properties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EastGroup Properties' price. Additionally, you may evaluate how the addition of EastGroup Properties to your portfolios can decrease your overall portfolio volatility.

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