Financial Data and Key Metrics Changes - Funds from operations (FFO) increased by 17% for Q4 2021 and 13% for the full year, marking 35 consecutive quarters of higher FFO per share compared to the prior year [7][11] - Quarterly occupancy averaged 97.3%, up 40 basis points from Q4 2020, with year-end occupancy at 98.7% leased and 97.4% occupied [7][8] - Cash same-store NOI rose by 6.4% for the quarter and 5.7% for the full year [8][12] - FFO per share for Q4 was $1.62, an increase of 17.4% from $1.38 in Q4 2020 [11] Business Line Data and Key Metrics Changes - Quarterly releasing spreads were 31.5% GAAP and 18% cash, with annual results at 31.2% GAAP and 18.4% cash, indicating strong demand [8] - The company plans to focus on value creation through development and value-add investments in response to market demand [8][10] Market Data and Key Metrics Changes - Houston's leasing rate was reported at 95.9%, projected to represent under 11% of 2022's NOI total, down 130 basis points from 2021 [9] - The company anticipates development starts of $250 million in 2022, down from $341 million in 2021, reflecting a strategic response to market conditions [10][13] Company Strategy and Development Direction - The company aims to capitalize on the strong industrial market by focusing on development and value-add investments [8][10] - The management emphasizes a diversified rent roll, with the top 10 tenants accounting for only 7.6% of rents, enhancing stability [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong demand for last-mile distribution space and growth in Sunbelt markets [15] - The management remains cautious about external factors, including supply chain issues, which may persist into 2022 [18][20] Other Important Information - The company issued $120 million of equity at an average price of $205 per share and repaid a $33 million mortgage loan at a rate of 4.1% [11][12] - The dividend was increased from $0.90 to $1.10 per share, a 22% increase, with expectations for normalization in 2022 [12][13] Q&A Session Summary Question: Supply chain normalization timeline - Management indicated that most tenants feel optimistic about demand but expect supply chain issues to persist throughout 2022 [18][20] Question: Concerns about pricing push-back - Management remains conservative, acknowledging potential challenges but expressing confidence in maintaining occupancy and rental growth [21][23] Question: Impact of higher borrowing rates - Management is actively monitoring borrowing rates and has locked in favorable rates for upcoming loans, indicating a proactive approach to capital allocation [30][31] Question: On-shoring trends and labor costs - Management noted a trend of tenant relocations to states like Texas and Florida, with optimism about near-shoring due to labor cost considerations [43][44] Question: Guidance for NOI and rental growth - Management provided guidance for a midpoint NOI growth of 5.6%, emphasizing a conservative approach to assumptions for the year [48][49]

EastGroup Properties, Inc. (NYSE:EGP) Q3 2021 Results Conference Call October 27, 2021 11:00 AM ET Company Participants Keena Frazier - Director, Leasing Statistics Marshall Loeb - President and Chief Executive Officer Brent Wood - Chief Financial Officer Conference Call Participants Alexander Goldfarb - Piper Sandler Elvis Rodriguez - Bank of America Emmanuel Korchman - Citi Nick Tillman - Baird Craig Mailman - KeyBanc Capital Markets Michael Carroll - RBC Capital Markets Jon Peterson - Jefferies Operator ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2021 Commission File Number: 1-07094 EASTGROUP PROPERTIES, INC. (Exact Name of Registrant as Specified in its Charter) Maryland 13-2711135 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 400 W Parkway Place Suite 100 R ...

EastGroup Properties, Inc. (NYSE:EGP) Q2 2021 Earnings Conference Call July 28, 2021 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 Daniel Santos - Piper Sandler Chris McCurry - Citi Elvis Rodriguez - Bank of America Tom Catherwood - BTIG Michael Carroll - RBC Capital Markets Operator Good morning, and welcome to the EastGroup Properties Second Quarter 2021 E ...

[PART I. FINANCIAL INFORMATION](index=4&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This section presents the unaudited consolidated financial statements and management's discussion and analysis for the company [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents EastGroup Properties' unaudited consolidated financial statements, covering Balance Sheets, Income, Equity, and Cash Flow, with detailed accounting notes [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) This section provides a snapshot of the company's financial position, detailing assets, liabilities, and equity at specific points in time Consolidated Balance Sheet Highlights (June 30, 2021 vs. December 31, 2020) | Metric | June 30, 2021 (in thousands) | December 31, 2020 (in thousands) | | :-------------------------- | :--------------------------- | :------------------------------- | | **ASSETS** | | | | Real estate properties | $3,336,219 | $3,159,497 | | Development properties | $320,005 | $359,588 | | Total Assets | $2,855,622 | $2,720,803 | | **LIABILITIES** | | | | Unsecured debt | $1,282,438 | $1,107,708 | | Secured debt | $36,128 | $78,993 | | Total Liabilities | $1,482,291 | $1,450,285 | | **EQUITY** | | | | Total Stockholders' Equity | $1,372,441 | $1,269,638 | | Total Equity | $1,373,331 | $1,270,518 | - **Total Assets** increased by **$134.8 million** to **$2.856 billion** at June 30, 2021, from December 31, 2020, driven by increases in real estate properties and cash[10](index=10&type=chunk)[160](index=160&type=chunk) - **Total Liabilities** increased by **$32.0 million** to **$1.482 billion**, primarily due to an increase in unsecured debt, partially offset by decreases in unsecured bank credit facilities and secured debt[10](index=10&type=chunk)[160](index=160&type=chunk) [Consolidated Statements of Income and Comprehensive Income](index=5&type=section&id=Consolidated%20Statements%20of%20Income%20and%20Comprehensive%20Income) This section details the company's financial performance over specific periods, including revenues, expenses, net income, and earnings per share Consolidated Statements of Income and Comprehensive Income Highlights (Three and Six Months Ended June 30, 2021 vs. 2020) | Metric | 3 Months Ended June 30, 2021 (in thousands) | 3 Months Ended June 30, 2020 (in thousands) | 6 Months Ended June 30, 2021 (in thousands) | 6 Months Ended June 30, 2020 (in thousands) | | :---------------------------------------------------------------------- | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | :------------------------------------------ | | Income from real estate operations | $99,562 | $89,500 | $197,479 | $178,077 | | Total Revenues | $99,575 | $89,715 | $197,506 | $178,343 | | Total Expenses | $64,026 | $58,112 | $126,525 | $115,222 | | Net Income | $27,578 | $23,487 | $54,935 | $46,785 | | Net Income Attributable to EastGroup Properties, Inc. Common Stockholders | $27,558 | $23,484 | $54,897 | $46,781 | | Basic EPS | $0.69 | $0.60 | $1.38 | $1.20 | | Diluted EPS | $0.69 | $0.60 | $1.37 | $1.20 | - **Net Income Attributable to Common Stockholders** increased by **17.3%** to **$27.6 million** for the three months and to **$54.9 million** for the six months ended June 30, 2021, compared to the same periods in 2020[12](index=12&type=chunk)[187](index=187&type=chunk) - **Diluted EPS** increased by **$0.09 (15%)** to **$0.69** for the three months ended June 30, 2021, and by **$0.17 (14.2%)** to **$1.37** for the six months ended June 30, 2021, year-over-year[12](index=12&type=chunk)[187](index=187&type=chunk) [Consolidated Statements of Changes in Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Equity) This section outlines the changes in the company's equity over a period, reflecting net income, dividends, and stock transactions Changes in Equity (Six Months Ended June 30, 2021) | Metric | Amount (in thousands) | | :----------------------------------------- | :-------------------- | | Balance, December 31, 2020 | $1,270,518 |\n| Net income | $27,578 |\n| Net unrealized change in fair value of interest rate swaps | $(1,263) |\n| Common dividends declared | $(31,981) |\n| Stock-based compensation | $2,893 |\n| Issuance of common stock | $59,318 |\n| Balance, June 30, 2021 | $1,373,331 | - **Total Equity** increased by **$102.8 million** to **$1.373 billion** during the six months ended June 30, 2021, primarily driven by net income and common stock offerings[13](index=13&type=chunk)[160](index=160&type=chunk) - **Additional paid-in capital** increased by **$104.6 million**, mainly due to the issuance of common stock through the continuous common equity offering program, which generated net proceeds of **$103.8 million**[183](index=183&type=chunk)[232](index=232&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) This section reports the cash generated and used by the company across operating, investing, and financing activities Consolidated Statements of Cash Flows Highlights (Six Months Ended June 30, 2021 vs. 2020) | Activity | Six Months Ended June 30, 2021 (in thousands) | Six Months Ended June 30, 2020 (in thousands) | | :------------------------------------- | :-------------------------------------------- | :-------------------------------------------- | | Net cash provided by operating activities | $137,675 | $116,682 | | Net cash used in investing activities | $(141,810) | $(146,661) | | Net cash provided by financing activities | $42,679 | $29,859 | | Increase (decrease) in cash | $38,544 | $(120) | | Cash and cash equivalents at end of period | $38,565 | $104 | - **Net cash provided by operating activities** increased by **$21.0 million** to **$137.7 million** for the six months ended June 30, 2021, compared to the same period in 2020[22](index=22&type=chunk)[215](index=215&type=chunk) - **Net cash provided by financing activities** significantly increased to **$42.7 million** in 2021 from **$29.9 million** in 2020, primarily due to proceeds from unsecured debt and common stock offerings, partially offset by debt repayments and distributions[22](index=22&type=chunk)[215](index=215&type=chunk) [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) This section provides detailed explanations and additional information supporting the consolidated financial statements [(1) BASIS OF PRESENTATION](index=9&type=section&id=(1)%20BASIS%20OF%20PRESENTATION) This note describes the basis of preparation for the unaudited interim financial statements in accordance with U.S. GAAP - The unaudited financial statements are prepared in accordance with U.S. GAAP for interim financial information and Form 10-Q instructions, and should be read with the annual report on Form 10-K for the year ended December 31, 2020[24](index=24&type=chunk) [(2) PRINCIPLES OF CONSOLIDATION](index=9&type=section&id=(2)%20PRINCIPLES%20OF%20CONSOLIDATION) This note outlines the entities included in the consolidated financial statements, such as wholly-owned subsidiaries and controlling joint ventures - The consolidated financial statements include EastGroup, its wholly-owned subsidiaries, and joint ventures where the Company holds a controlling interest (e

EastGroup Properties, Inc. (NYSE:EGP) Q1 2021 Earnings Conference Call April 28, 2021 11:00 AM ET Company Participants Marshall Loeb - President and Chief Executive Officer Brent Wood - Executive Vice President and Chief Financial Officer Keena Frazier - Director Leasing Statistics Conference Call Participants Elvis Rodriguez - Bank of America Tom Catherwood - BTIG Daniel Santos - Piper Sandler Manny Korchman - Citi Vince Tibone - Green Street Advisors Craig Mailman - KeyBanc Capital Markets Bill Crow - Ray ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2021 Commission File Number: 1-07094 EASTGROUP PROPERTIES, INC. (Exact Name of Registrant as Specified in its Charter) Maryland 13-2711135 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 400 W Parkway Place Suite 100 Ridge ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ COMMISSION FILE NUMBER 1-07094 EASTGROUP PROPERTIES, INC. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdi ...

Financial Data and Key Metrics Changes - Funds from operations (FFO) increased by 8.7% compared to the fourth quarter of the previous year, marking 31 consecutive quarters of higher FFO per share year-over-year [7][16] - FFO for the year rose 8% to a record $5.38 per share, exceeding the original pre-COVID forecast by $0.08 [7][12] - Quarterly occupancy averaged 96.9%, with a year-end occupancy rate of 98% leased and 97.3% occupied [8][10] - Same store net operating income (NOI) rose 2.2% for the quarter and 3.2% for the year [9] Business Line Data and Key Metrics Changes - Quarterly releasing spreads were strong at 15.4% GAAP and 7.9% cash, with annual re-leasing spreads setting records at 21.7% GAAP and 12.3% cash [9] - The company maintained a high retention rate of 80% for the year, contributing to strong occupancy levels [8] Market Data and Key Metrics Changes - Houston, the largest market, had a leasing rate of 97.2% with a 10-month average rent collection of over 99% [11] - Houston's contribution to rents decreased to 13.1%, down 80 basis points from the fourth quarter of 2019 [11] Company Strategy and Development Direction - The company is focusing on value creation through development and value-add investments, with a forecast of $205 million in development starts for 2021 [10][13] - Strategic dispositions included selling the last of four buildings in Santa Barbara and another asset in Houston [15][24] - The company aims to diversify its rent roll, with the top 10 tenants accounting for only 8.2% of rents [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong performance amidst a challenging environment and the potential for positive trends post-pandemic [24][25] - The company is prepared for uncertainties regarding the economy's reopening and recovery, with a focus on maintaining financial strength [12][20] Other Important Information - The company collected approximately 99% of monthly rents for January, indicating resilience in rent collections [12] - Bad debt for the fourth quarter was $1.1 million, primarily due to a single tenant transition [19] Q&A Session Summary Question: Long-term market exposure in Houston - Management indicated a desire to reduce exposure in Houston, aiming for a low double-digit percentage of total rents, while managing market diversity [27][30] Question: Balance sheet and capital needs - Management stated they are not capital constrained and have access to both debt and equity for funding needs, with plans to issue both throughout the year [31][32] Question: Acquisitions and guidance - The company closed the year with $122 million in acquisitions, with a robust pipeline for value-add and land acquisitions, indicating that the $65 million guidance for 2021 is a placeholder [34][36] Question: Market conditions in Atlanta - Management acknowledged mixed signals in the Atlanta market but expressed confidence in the demand for their properties, noting a lower market vacancy rate [40][41] Question: Nashville and other markets - Nashville is a market of interest, but the company prefers to grow in existing markets where they have established operations [46][49] Question: Bad debt impact on NOI - Bad debt is expected to decrease by 35% in 2021, with a positive impact on same property NOI [62][66] Question: Supply picture in multi-tenant properties - New supply is primarily large-scale developments on the outskirts of cities, which may affect vacancy rates in core markets [68] Question: Land acquisition and valuations - The company is actively looking for more land, with stable land prices and plans for development starts identified on owned land [91][92]

Eastgroup Properties, Inc. (NYSE:EGP) Q3 2020 Earnings Conference Call October 28, 2020 11:00 AM ET Company Participants Marshall Loeb - President, CEO & Director Keena Frazier - Director Leasing Statistics Brent Wood - EVP, CFO & Treasurer Conference Call Participants Elvis Rodriguez - Bank of America Merrill Lynch Daniel Santos - Piper Sandler & Co. Chris McCurry - Citi Eric Frankel - Green Street Advisors Craig Mailman - KeyBanc Capital Markets William Crow - Raymond James & Associates Michael Carroll - ...