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 Video: What is a Stock Split?
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| EastGroup Properties is an internally-managed equity real estate investment trust. Co. is focused on the development, acquisition and operation of industrial properties in primary Sunbelt markets throughout the U.S., primarily in the states of Florida, Texas, Arizona, California and North Carolina. Co. has one reportable segment which is industrial properties. According to our EGP split history records, EastGroup Properties has had 1 split. | |
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EastGroup Properties (EGP) has 1 split in our EGP split history database. The split for EGP took place on April 08, 1997. This was a 3 for 2
split, meaning for each 2
shares of EGP owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as EastGroup Properties splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the EGP split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into EastGroup Properties shares, starting with a $10,000 purchase of EGP, presented on a split-history-adjusted basis factoring in the complete EGP split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$57.98 |
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| End price/share: |
$158.10 |
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| Starting shares: |
172.47 |
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| Ending shares: |
232.99 |
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| Dividends reinvested/share: |
$28.15 |
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| Total return: |
268.35% |
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| Average Annual Total Return: |
13.93% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$36,832.04 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$57.98 |
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| End price/share: |
$158.10 |
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| Dividends collected/share: |
$28.15 |
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| Total return: |
221.23% |
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| Average Annual Total Return: |
12.38% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$32,118.22 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/08/1997 | 3 for 2
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