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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Strength in the e-commerce market will keep the demand for EastGroup's properties high in the coming years. Expansion in the portfolio by around 5% will likely contribute to revenue growth this year.

EastGroup Properties: Positive Outlook For Warehouse-Heavy Portfolio, But Stock Price Is High

EastGroup Properties, Inc. (EGP) CEO Marshall Loeb on Q4 2020 Results - Earnings Call Transcript

EastGroup Properties (EGP) delivered FFO and revenue surprises of 0.73% and -0.01%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

EastGroup Properties (EGP) Q4 FFO Beat Estimates

JACKSON, Miss., Feb. 9, 2021 /PRNewswire/ -- Fourth Quarter 2020 Results Net Income Attributable to Common Stockholders of $0.94 Per Diluted Share for Fourth Quarter 2020 Compared to $1.28 Per Diluted Share for Fourth Quarter 2019 (Gains on Sales of Real Estate Investments Were $13...

EastGroup Properties Announces Fourth Quarter and Year 2020 Results

JACKSON, Miss., Jan. 29, 2021 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company") is saddened to announce the recent passing of Leland R. Speed, Chairman Emeritus of the Company's Board of Directors and a director of the Company, at the age of 88. Mr. Speed was the...

EastGroup Properties Announces Passing of Chairman Emeritus of the Board, Leland R. Speed

JACKSON, Miss., Jan. 28, 2021 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) (the "Company") announced today the income tax treatment of its 2020 distributions as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax...

EastGroup Properties Announces the Income Tax Treatment of its 2020 Distributions

JACKSON, Miss., Dec. 15, 2020 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) announced today that it will hold its Fourth Quarter Earnings Conference Call and Webcast on Wednesday, February 10, 2021 at 11:00 a.m. Eastern Time. On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will...

EastGroup Properties Announces Fourth Quarter 2020 Earnings Conference Call and Webcast

JACKSON, Miss., Dec. 3, 2020 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.79 per share payable on January 15, 2021 to shareholders of record of Common Stock on December 31, 2020. This dividend is the...

EastGroup Properties Announces 164th Consecutive Quarterly Cash Dividend

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EastGroup Properties: Revenue Growth Likely To Weaken

JACKSON, Miss., Nov. 12, 2020 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) announced today that it is scheduled to present at the Nareit REITworld: 2020 Annual Conference. EastGroup's presentation is scheduled for Wednesday, November 18, 2020 at 3:45 p.m., Eastern Time. The...

EastGroup Properties Announces Presentation at the Nareit REITworld: 2020 Annual Conference

Eastgroup Properties, Inc. (EGP) CEO Marshall Loeb on Q3 2020 Results - Earnings Call Transcript

JACKSON, Miss., Oct. 27, 2020 /PRNewswire/ -- Third Quarter 2020 Results Net Income Attributable to Common Stockholders of $0.62 Per Share for Third Quarter 2020 Compared to $0.60 Per Share for Third Quarter 2019 Funds from Operations of $1.36 Per Share for Third Quarter 2020 Compared to...

EastGroup Properties Announces Third Quarter 2020 Results

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Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does EastGroup Properties (EGP) have what it takes?

Are You Looking for a High-Growth Dividend Stock? EastGroup Properties (EGP) Could Be a Great Choice

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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

News for EastGroup Properties Stock (EGP)