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 Q3 2023

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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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JACKSON, Miss. , Dec. 1, 2022 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.25 per share payable on January 13, 2023 to shareholders of record of Common Stock on December 30, 2022.

EastGroup Properties Announces 172nd Consecutive Quarterly Cash Dividend

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EastGroup Properties: Sweet Spot Dividend Growth Machine

EastGroup Properties, Inc. (NYSE:EGP ) Q3 2022 Earnings Conference Call October 26, 2022 11:00 AM ET Company Participants Marshall Loeb - President and Chief Executive Officer Keena Frazier - Director, Leasing Statistics Brent Wood - Chief Financial Officer Conference Call Participants Craig Mailman - Citi Alexander Goldfarb - Piper Sandler John Nickodemus - BTIG Jason Belcher - Wells Fargo Nick Yulico - Baird Bill Crow - Raymond James Ki Bin Kim - Truist Michael Carroll - RBC Capital Markets Operator Good day and welcome to the EastGroup Properties Third Quarter 2022 Conference Call and Webcast. All participants will be in listen-only mode.

EastGroup Properties, Inc. (EGP) Q3 2022 Earnings Call Transcript

EGP is a Sunbelt-focused landlord and developer of Class A, multi-tenant industrial parks, a property type that has seen red hot demand in the last year or so. Though supply-demand dynamics still favor EGP for now, management is prudently turning cautious about further investments in portfolio expansion, given the uncertain macro environment.

EastGroup Properties Is Firing On All Cylinders

EastGroup Properties (EGP) delivered FFO and revenue surprises of 0.57% and 0.36%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

EastGroup Properties (EGP) Q3 FFO and Revenues Top Estimates

Third Quarter 2022 Results Net Income Attributable to Common Stockholders of $0.87 Per Diluted Share for Third Quarter 2022 Compared to $0.76 Per Diluted Share for Third Quarter 2021 Funds from Operations of $1.77 Per Share for Third Quarter 2022 Compared to $1.55 Per Share for Third Quarter 2021, an Increase of 14.2% Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 8.7% on a Cash Basis and 6.6% on a Straight-Line Basis for Third Quarter 2022 Compared to the Same Period in 2021 Operating Portfolio was 99.0% Leased and 98.5% Occupied as of September 30, 2022; Average Occupancy of Operating Portfolio was 98.3% for Third Quarter 2022 Rental Rates on New and Renewal Leases Increased an Average of 39.4% on a Straight-Line Basis Acquired 299,000 Square Feet of Value-Add Properties for Approximately $21 Million Acquired 108.5 Acres of Development Land for Approximately $23 Million Started Construction of Four Development Projects Containing 842,000 Square Feet with Projected Total Costs of Approximately $108 Million Transferred Six Development Projects Totaling 817,000 Square Feet to the Operating Portfolio, Which Are Collectively 94% Leased Development and Value-Add Program Consisted of 27 Projects in 14 Cities (4.9 Million Square Feet) at September 30, 2022 with a Projected Total Investment of Approximately $601 Million Declared 171 st  Consecutive Quarterly Cash Dividend: Increased the Dividend by $0.15 Per Share (13.6%) to $1.25 Per Share Closed $125 Million of Senior Unsecured Term Loans During the Quarter with a Weighted Average Effective Fixed Interest Rate of 4.04% Agreed to Terms on $150 Million of Unsecured Debt During the Quarter: $75 Million has an 11-Year Term and a Fixed Interest Rate of 4.90% and $75 Million has a 12-Year Term and a Fixed Interest Rate of 4.95% JACKSON, Miss. , Oct. 25, 2022  /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today the results of its operations for the three and nine months ended September 30, 2022.

EastGroup Properties Announces Third Quarter 2022 Results

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EastGroup Properties (EGP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions may not translate into further price increase in the near term.

EastGroup Properties (EGP) Moves 3.4% Higher: Will This Strength Last?

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JACKSON, Miss. , Sept. 28, 2022 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that it will hold its Third Quarter Earnings Conference Call and Webcast on Wednesday, October 26, 2022, at 11:00 a.m.

EastGroup Properties Announces Third Quarter 2022 Earnings Conference Call and Webcast

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Maintaining its impressive track record of increasing dividends, EastGroup Properties (EGP) announces a 13.6% hike in quarterly distributions.

EastGroup (EGP) Increases Dividend by 13.6%: Worth a Look?

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Amazon Sneezed, EastGroup Properties Caught A Cold

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EastGroup Properties, Inc. (NYSE:EGP ) Q2 2022 Earnings Conference Call July 27, 2022 11:00 AM ET Company Participants Marshall Loeb - President and CEO Keena Frazier - Director, Leasing Statistics Brent Wood - Chief Financial Officer Conference Call Participants Connor Mitchell - Piper Sandler Jeff Spector - Bank of America Connor Siversky - Berenberg Michael Carroll - RBC Capital Markets Craig Mailman - Citi Todd Thomas - KeyBanc Capital Markets Nick Yulico - Baird Ronald Kamdem - Morgan Stanley Vince Tibone - Green Street Advisors Amit Nihalani - Mizuho Jon Petersen - Jefferies Operator Good day. And welcome to the EastGroup Properties Second Quarter 2022 Earnings Conference Call and Webcast.

News for EastGroup Properties Stock (EGP)