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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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.

EastGroup Properties, a Sunbelt-focused industrial real estate investment trust, specializes in properties ideal for last-mile distribution for e-commerce and business-to-business uses. After a 25% stock price rally YTD, EGP's price to FFO of 24.6x does not indicate a bargain, but the REIT has shown strong, consistent growth over the last decade. EGP faces challenges from high borrowing costs and the need to refinance maturing debt at higher interest rates, but its strong balance sheet mitigates this headwind.

EastGroup Properties: Solid Core Holding At Less Of A Bargain

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The U.S. industrial real estate sector, while exhibiting signs of normalization following the extraordinary demand spike during the pandemic, continues to project healthy fundamentals. In this article we'll delve deeper into the second-quarter performance in terms of demand, net absorption, leasing activity, vacancy rates and rents, and then further probe into the future outlook of this asset category.

Are Industrial REITs Poised to Grow Despite Normalizing Demand?

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JACKSON, Miss. , June 30, 2023 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that it will hold its Second Quarter Earnings Conference Call and Webcast on Wednesday, July 26, 2023, at 11:00 a.m.

EastGroup Properties Announces Second Quarter 2023 Earnings Conference Call and Webcast

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Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Diversified Healthcare (DHC) and EastGroup Properties (EGP). But which of these two stocks is more attractive to value investors?

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A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-generating real estate. REITs provide investors with an opportunity to invest in real estate without directly owning properties, offering advantages such as regular income through dividends, portfolio diversification, potential tax benefits, professional management, and liquidity through publicly traded shares.

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JACKSON, Miss. , May 25, 2023 /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 July 14, 2023, to shareholders of record of Common Stock on June 30, 2023.

EastGroup Properties Announces 174th Consecutive Quarterly Cash Dividend

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EastGroup Properties (EGP) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

EastGroup Properties (EGP) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

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EastGroup Properties (EGP) possesses solid growth attributes, which could help it handily outperform the market.

Here is Why Growth Investors Should Buy EastGroup Properties (EGP) Now

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Despite the economic slowdown, high interest rates and uneven recovery of sectors, Zacks REIT and Equity Trust - Other industry stocks VICI, COLD and EGP may benefit from growth in the digital economy, resilient demand for food infrastructure and easing of travel restrictions.

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No slowdown here. After the worst year of performance on record in 2022, Industrial REITs have rebounded this year after earnings results showed a surprising re-strengthening of property-level fundamentals. Recent earnings results showed that demand continues to substantially outpace available supply. Rent growth reaccelerated in early-2023, with rental spreads averaging over 40%, while occupancy rates climbed to fresh record.

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News for EastGroup Properties Stock (EGP)