EastGroup Properties, Inc. is an internally managed equity real estate investment trust (REIT). Co. is focused on the development, acquisition and operation of industrial properties in Sunbelt markets throughout the U.S., primarily in the states of Florida, Texas, Arizona, California and North Carolina. Co. owns approximately 510 industrial properties in 12 states. Co.'s portfolio includes development projects and value-add properties in lease-up and under construction, including approximately 59.2 million square feet consisting of 470 business distribution properties containing 53.9 million square feet. We show 57 historical shares outstanding datapoints in our EGP shares outstanding history coverage, used to compute EGP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing EGP market cap history over the course of time is important for investors
interested in comparing EGP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of EGP versus a peer is one thing; comparing
EGP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like EGP can fluctuate over the course of history.
With this page we aim to empower investors researching EGP by allowing them to research the EGP market cap history. |
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Video: The Importance of Market Cap
