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Held by 526 of 6,047 reporting institutions (97th percentile) — extremely crowded.
Data as of Q2 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
A reverse discounted cash flow is not shown for a REIT.
Depreciation swamps reported earnings for a property owner — which is why FFO exists. EBITDA leverage and a net-income DCF both mislead here.
Classified from the filings: SIC code.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $404.9M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
EOD close · as of 2026-10-09
Where each multiple sits in its own 14-yr range · 81th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 7% against ROIC 7% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 4.6 | 5.0 | 4.0 | 3.8 | 3.4 | 2.9 | 3.2 | 3.3 |
| Operating Income | 36.1 | — | — | — | — | — | — | — |
| Net Income | 29.5 | 37.2 | 29.9 | 38.5 | 38.2 | 35.1 | 35.6 | 35.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on EGP: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Leverage ratios is not shown for a REIT.
Depreciation swamps reported earnings for a property owner — which is why FFO exists. EBITDA leverage and a net-income DCF both mislead here.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $1.0M is below the $315.0M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2026-06-30 (10-Q). The cash figure is from 2025-12-31, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-10-09
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $721.3M 100.0% | $640.2M 100.0% | $570.6M 100.0% | $487.0M 100.0% | $409.5M 100.0% | $363.0M 100.0% | $331.4M 100.0% | $300.4M 100.0% | $274.1M 100.0% | $253.0M 100.0% |
| Selling, General & Admin | $24.0M 3.3% | $20.6M 3.2% | $16.8M 2.9% | $16.4M 3.4% | $15.7M 3.8% | $14.4M 4.0% | $16.4M 5.0% | $13.7M 4.6% | $15.0M 5.5% | $13.2M 5.2% |
| Total Operating Expenses | $433.8M 60.1% | $385.0M 60.1% | $342.4M 60.0% | $304.5M 62.5% | $258.6M 63.1% | $234.8M 64.7% | $214.8M 64.8% | $191.8M 63.9% | $179.0M 65.3% | $165.7M 65.5% |
| Operating Income | — | — | — | — | — | — | — | $108.6M 36.1% | $95.2M 34.7% | $87.4M 34.5% |
| Interest Expense | $32.1M 4.5% | $39.0M 6.1% | $48.0M 8.4% | $38.5M 7.9% | $32.9M 8.0% | $33.9M 9.3% | $34.5M 10.4% | $35.1M 11.7% | $34.8M 12.7% | $35.2M 13.9% |
| Net Income | $257.5M 35.7% | $227.8M 35.6% | $200.5M 35.1% | $186.3M 38.2% | $157.6M 38.5% | $108.4M 29.9% | $123.3M 37.2% | $88.6M 29.5% | $83.6M 30.5% | $96.1M 38.0% |
| Per Share | ||||||||||
| EPS (Basic) | $4.88 | $4.67 | $4.43 | $4.37 | $3.91 | $2.77 | $3.25 | $2.50 | $2.45 | $2.93 |
| EPS (Diluted) | $4.87 | $4.66 | $4.42 | $4.36 | $3.90 | $2.76 | $3.24 | $2.49 | $2.44 | $2.93 |
| Weighted Avg Shares (Basic) | 52.7M | 48.8M | 45.2M | 42.6M | 40.3M | 39.2M | 37.4M | 35.4M | 34.0M | 32.6M |
| Weighted Avg Shares (Diluted) | 52.8M | 48.9M | 45.3M | 42.7M | 40.4M | 39.3M | 37.5M | 35.5M | 34.0M | 32.6M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ranked against 32 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CCI | $33.9B | 78.8× | 23.8× | 8.0× | -4.4% | 97.3% | 10.4% | -27.2% | 1.7% | 10.5× | 909 |
| EXR | $28.4B | 29.3× | 13.3× | 8.4× | 3.7% | 72.8% | 28.8% | 7.3% | 7.3% | -0.1× | 769 |
| AVB | $27.1B | 25.6× | 12.3× | 8.9× | 4.4% | — | 34.7% | 9.1% | 5.0% | 3.1× | 733 |
| VICI | $25.2B | 8.8× | — | 6.3× | 4.1% | 99.3% | 69.3% | 10.0% | 6.2% | — | 914 |
| SBAC | $19.4B | 18.6× | 21.7× | 6.9× | 5.1% | 75.5% | 37.4% | -21.7% | 13.1% | 8.6× | 656 |
| ESS | $17.5B | 26.1× | 11.5× | 9.3× | 6.4% | 69.9% | 37.2% | 12.7% | 12.7% | -0.1× | 609 |
| HST | $15.5B | 20.6× | — | 2.5× | 7.6% | — | 12.5% | 11.7% | 9.8% | — | 718 |
| LAMR | $14.9B | 25.4× | — | 6.6× | 2.7% | 67.0% | 25.9% | 57.3% | 13.2% | — | 741 |
| KIM | $14.9B | — | 16.0× | 7.0× | 5.1% | — | 27.3% | 5.6% | 3.2% | 5.4× | 673 |
| SUI | $13.9B | 10.5× | 114.2× | 6.0× | 2.0% | — | 61.3% | 20.3% | 20.3% | -4.9× | 513 |
| WY | $13.8B | 42.4× | 15.2× | 2.0× | -3.1% | 14.8% | 4.7% | 3.4% | 2.2% | 4.1× | 881 |
| MAA | $13.6B | 30.9× | — | 6.1× | 0.8% | — | 20.2% | 7.9% | 7.9% | — | 738 |
| OHI | $13.5B | 22.9× | 21.4× | 11.3× | 13.2% | — | 49.6% | 11.4% | 6.3% | 5.1× | 736 |
| REG | $13.2B | — | 11.7× | 8.5× | 6.9% | — | 34.0% | 7.6% | 4.5% | 3.1× | — |
| DOC | $13.0B | 188.0× | — | 4.6× | 4.5% | — | 2.5% | 1.0% | 0.4% | — | 731 |
| ELS | $11.5B | 29.4× | — | 7.5× | 0.3% | — | 26.3% | 22.9% | 7.9% | — | 462 |
| GLPI | $11.1B | 13.0× | 12.4× | 7.0× | 4.1% | — | 51.7% | 17.8% | 7.0% | 4.8× | 606 |
| AHR | $11.1B | 121.0× | 18.2× | 4.9× | 9.1% | 20.6% | 3.1% | 2.1% | 2.1% | -0.2× | 545 |
| UDR | $11.0B | 30.2× | 13.6× | 6.4× | 2.4% | — | 22.1% | 11.5% | 4.1% | 4.7× | 510 |
| EGP | $10.5B | 40.2× | — | 14.6× | 12.7% | — | 35.7% | 7.4% | 7.4% | — | 526 |
| BXP | $9.4B | 33.9× | — | 2.7× | 2.2% | 59.1% | 7.9% | 5.4% | 5.4% | — | 538 |
| FRT | $9.2B | 22.7× | — | 7.2× | 6.4% | — | 32.1% | 12.7% | 5.0% | — | 598 |
| CUBE | $8.6B | 26.0× | — | 7.6× | 5.3% | 68.7% | 29.5% | 12.2% | 12.2% | — | 497 |
| CTRE | $8.5B | 22.9× | — | 17.9× | 60.8% | — | 67.3% | 7.9% | 6.5% | — | 496 |
| BRX | $8.4B | 21.8× | — | 6.1× | 6.7% | — | 28.2% | 12.8% | 4.5% | — | 461 |
Peers = companies sharing EGP's sector (Real Estate Investment Trusts) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | not reported | 34.5% | 38.0% |
| FY2017 | not reported | 34.7% | 30.5% |
| FY2018 | not reported | 36.1% | 29.5% |
| FY2019 | not reported | not reported | 37.2% |
| FY2020 | not reported | not reported | 29.9% |
| FY2021 | not reported | not reported | 38.5% |
| FY2022 | not reported | not reported | 38.2% |
| FY2023 | not reported | not reported | 35.1% |
| FY2024 | not reported | not reported | 35.6% |
| FY2025 | not reported | not reported | 35.7% |
Return on equity (7%) and return on invested capital (7%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: tax_rate.
Converts 1.49x of reported profit into free cash flow over 5 years, with accruals negative.
Shares outstanding are up 37% since FY2019 — per-share cash flow has grown more slowly than the totals above, and the gap is the owners'.
Leverage is not measurable this way for a reit.
Ladder as of 2026-06-30 (10-Q); cash from the 2025-12-31 balance sheet; FCF from FY2025.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Depreciation swamps reported earnings for a property owner — which is why FFO exists. EBITDA leverage and a net-income DCF both mislead here.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
At $195.98, free cash flow must compound 13.28%/yr for 10 years. It has done 16.96%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | 3.2% | 13.3% |
| FY2021 | 34.7% | 13.3% |
| FY2022 | 25.4% | 13.3% |
| FY2023 | 4.1% | 13.3% |
| FY2024 | 24.5% | 13.3% |
| FY2025 | 13.3% | 13.3% |
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.
| Step | Amount | Running total |
|---|---|---|
| Net income | $257M | $257M |
| Share-based comp | $12M | $269M |
| Other non-cash & working capital | $211M | $481M |
| Operating cash flow | $481M | $481M |
| Capex | −$76M | $405M |
| Free cash flow | $405M | $405M |
| FCF after SBC | $393M | $393M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 9.6% | not reported | not reported |
| FY2021 | 12.8% | not reported | not reported |
| FY2022 | 18.9% | not reported | not reported |
| FY2023 | 17.2% | not reported | not reported |
| FY2024 | 12.2% | not reported | not reported |
| FY2025 | 12.7% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -2.9 percent |
| FY2020 | -3.2 percent |
| FY2021 | -3.1 percent |
| FY2022 | -3.2 percent |
| FY2023 | -3.0 percent |
| FY2024 | -3.7 percent |
| FY2025 | -4.1 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.