EastGroup Properties

EastGroup Properties, Inc. is an internally-managed equity real estate investment trust. The firm is engaged in the development, acquisition, and operation of industrial properties in the United States. Its portfolio consists of distribution facilities in Florida, California, Texas, Arizona, and North Carolina. The company was founded in 1969 and is headquartered in Ridgeland, MS.

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Earnings data Q3 2024

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EastGroup Properties surpasses earnings expectations, eyes cautious growth strategy

EastGroup Properties (EGP) exceeded FFO guidance, achieved record performance in 2022, and maintains a cautious approach in the current economic environment. Challenges include capital market volatility and delays in equipment procurement, while opportunities lie in the development pipeline and stable cap rates for acquisitions.

EastGroup Properties (EGP) excels in Q1 2023 amidst market uncertainties

EastGroup Properties (EGP) delivered a strong performance in Q1 2023, showcasing operational excellence and prudent financial management amidst market uncertainties. While facing challenges like potential economic downturns, EGP remains poised to capitalize on opportunities in strategic transactions and rent growth across key markets.

EastGroup Properties excels in Q2, eyes growth amidst challenges

EastGroup Properties delivered strong financial performance and highlighted positive market trends and growth opportunities.
While facing challenges in certain markets and securing capital, the company remains well-positioned for future success.
Strategic focus on development projects and diverse funding sources will drive growth amidst market uncertainties.
Overall, EastGroup's operational excellence and strategic initiatives position it for sustained growth and value creation.

EastGroup Properties (EGP) reports strong Q3 performance and eyes value creation opportunities

EastGroup Properties (EGP) delivered a robust Q3 performance with rising FFO per share and strong operational metrics. Despite challenges like construction delays and G&A expense reductions, the company is focused on value creation and seizing opportunities in the market. EGP's strategic approach to acquisitions and developments positions it well for future growth.

EastGroup Properties reports record earnings, eyes strategic acquisitions for growth

EastGroup Properties delivered a strong performance in Q4 2023, with record FFO per share and robust occupancy metrics.
The company's strategic focus on acquisitions, rent growth, and financial prudence positions it well for future growth and value creation.
Challenges in certain markets and cautious approach to acquisitions highlight the need for strategic risk management and market responsiveness.
Opportunities in acquisitions, rent growth, nearshoring activities, and development starts offer avenues for sustained growth and portfolio expansion.

EastGroup Properties excels in Q1, eyes growth in Raleigh and Nashville markets

EastGroup Properties showcases strong Q1 performance with a focus on strategic acquisitions, high occupancies, and navigating economic challenges. The company remains optimistic about future growth, emphasizing return hurdles for acquisitions and market resiliency. Opportunities lie in targeted market growth, unique acquisitions, and adapting to evolving tenant behavior.

EastGroup Properties (EGP) excels in Q3, eyes growth amid challenges

EastGroup Properties (EGP) reported strong financial performance and operational metrics in Q3 2024.
The company remains focused on strategic acquisitions, development, and maximizing value for shareholders.
Challenges include economic uncertainties and operational risks, but EGP is well-positioned to capitalize on growth opportunities.
With a positive outlook, EGP's emphasis on acquisitions, rent increases, and portfolio expansion bodes well for future success.

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EastGroup Properties, Inc. is an internally-managed equity real estate investment trust, which engages in the development, acquisition, and operation of industrial properties. The company was founded in 1969 and is headquartered in Ridgeland, MS.

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EastGroup's (EGP) August rental receipts as of Sep 3 are slightly higher than the July rental collections made as of Aug 3, 2020.

EastGroup Sees 96.5% Occupancy, Collects 97.9% of August Rents

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JACKSON, Miss., Sept. 3, 2020 /PRNewswire/ -- EastGroup Properties, Inc.

EastGroup Properties Announces Business Updates

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Dividend Changes: August 22-28, 2020

Maintaining its impressive track record of increasing dividends, EastGroup Properties (EGP) announces 5.3% sequential hike in quarterly distributions.

Is EastGroup Properties' (EGP) 5.3% Dividend Hike Sustainable?

EastGroup Properties, Inc. (EGP) CEO Marshall Loeb on Q2 2020 Results - Earnings Call Transcript

EastGroup Properties (EGP) delivered FFO and revenue surprises of 4.72% and 1.20%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

EastGroup Properties (EGP) Tops Q2 FFO and Revenue Estimates

JACKSON, Miss., July 28, 2020 /PRNewswire/ -- Second Quarter 2020 Results Net Income Attributable to Common Stockholders of $0.60 Per Share for Second Quarter 2020 Compared to $0.73 Per Share for Second Quarter 2019 (Second Quarter 2019 Included Gains on Sales of Real Estate Investments.

EastGroup Properties Announces Second Quarter 2020 Results

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JACKSON, Miss., July 8, 2020 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) today announced three significant actions relating to its corporate governance, including refreshment of its board of directors and committee chairs, and changes to its independent director compensation policy....

EastGroup Properties Announces New Director and Governance Actions

JACKSON, Miss., June 5, 2020 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) announced today that Marshall Loeb, President and CEO, will present at the Stifel 2020 Cross Sector Insight Conference on Monday, June 8, 2020 at 2:00 p.m. EDT. The presentation will be broadcast live and...

EastGroup Properties Announces Presentation at Stifel 2020 Cross Sector Insight Conference

JACKSON, Miss., June 1, 2020 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "EastGroup" or "we") announced today that in light of the current COVID-19 pandemic, the Company is providing an update on its portfolio occupancy, rent collections and rent relief requests....

EastGroup Properties Announces Business and Market Updates

JACKSON, Miss., May 21, 2020 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.75 per share payable on July 15, 2020 to shareholders of record of Common Stock on June 30, 2020. This dividend is the 162nd...

EastGroup Properties Announces 162nd Consecutive Quarterly Cash Dividend

EastGroup Properties, Inc. (EGP) CEO Marshall Loeb on Q1 2020 Results - Earnings Call Transcript

EastGroup Properties (EGP) delivered FFO and revenue surprises of 1.55% and 0.74%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

EastGroup Properties (EGP) Q1 FFO and Revenues Surpass Estimates

EastGroup Properties (EGP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for EastGroup Properties (EGP) This Earnings Season?

EastGroup Properties, Inc. (EGP) CEO Marshall Loeb on Q4 2019 Results - Earnings Call Transcript

EastGroup Properties (EGP) delivered FFO and revenue surprises of 0.79% and 0.46%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

EastGroup Properties (EGP) Beats Q4 FFO and Revenue Estimates

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Here's Why Momentum Investors Will Love EastGroup Properties (EGP)

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