EastGroup Properties (EGP) reported $162.88 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.2%. EPS of $2.13 for the same period compares to $1.07 a year ago.The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $161.94 million. With the consensus EPS estimate being $2.10, the EPS surprise was +1.43%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectation ...

EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $2.13 per share, beating the Zacks Consensus Estimate of $2.10 per share. This compares to FFO of $1.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.43%. A quarter ago, it was expected that this real estate investment trust would post FFO of $2.05 per share when it actually produced FFO of $2.05, delivering no surprise.Over the last four quarters ...

Exhibit 99.1 Contact: Marshall Loeb, President and CEO Brent Wood, CFO EastGroup Properties Announces(601) 354-3555 Third Quarter 2024 Results Third Quarter 2024 Highlights • Net Income Attributable to Common Stockholders of $1.13 Per Diluted Share for Third Quarter 2024 Compared to $1.07 Per Diluted Share for Third Quarter 2023 • Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.13 Per Share for Third Quarter 2024 Compared to $1.95 Per Share for T ...

Third Quarter 2024 HighlightsNet Income Attributable to Common Stockholders of $1.13 Per Diluted Share for Third Quarter 2024 Compared to $1.07 Per Diluted Share for Third Quarter 2023Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.13 Per Share for Third Quarter 2024 Compared to $1.95 Per Share for Third Quarter 2023, an Increase of 9.2%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increase ...

JACKSON, Miss., Oct. 1, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Third Quarter Earnings Conference Call and Webcast on Thursday, October 24, 2024, at 11:00 a.m. Eastern Time. On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will discuss the Company's third quarter results, current operations, and earnings outlook for 2024. EastGroup plans to release financial results for the quarter after the market closes on Octobe ...

EastGroup Properties (EGP) recently announced that it acquired Hays Commerce Center 3 & 4 in Austin for around $36 million in August. With this, the REIT's ownership in Austin reached around 1,756,000 square feet. Developed in 2022, this property, which comprised two industrial buildings totaling 179,000 square feet, is fully leased to five tenants. EastGroup's performance is a testament to its business acumen. As of Sept 4, 2024, the REIT's portfolio boasted a solid 97.0% lease rate and a 96.8% occupancy r ...

JACKSON, Miss., Sept. 5, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity. Commenting on the Company's activity, Marshall Loeb, CEO, stated, "We continue to be pleased by the resiliency of the Sunbelt, shallow bay industrial market. Our year to date results remain in line to slightly ahead of our forecast. Looking ahead, we are excited to see the market opportunities that will be created given the rapid declin ...

EastGroup Properties (EGP) announced a hike of 10.2% in its quarterly dividend, raising it to $1.40 per share from $1.27 paid earlier. The increased dividend will be paid out on Oct. 15 to shareholders on record as of Sep. 30, 2024. Based on the increase, the annual dividend rate now comes to $5.60 a share, resulting in an annualized yield of 2.99%, considering EastGroup's closing price of $187 on Aug. 26. Solid dividend payouts remain the biggest enticements for REIT investors, and EastGroup Properties is ...

These companies have proven their ability to continue growing their dividends during recessions. There has been a lot of talk about a looming recession. Higher interest rates are slowing economic growth. Despite those fears, many market watchers believe we'll have a "soft landing" and avoid a recession. However, even if we experience a harder landing, that shouldn't impact the ability of some companies to continue growing. For example, Essex Property Trust (ESS 1.98%), EastGroup Properties (EGP 1.41%), and ...

JACKSON, Miss., Aug. 23, 2024 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors approved a 10.2% increase in its quarterly dividend, raising it to $1.40 per share from $1.27 per share. The dividend is payable on October 15, 2024, to shareholders of record of Common Stock on September 30, 2024. This dividend is the 179th consecutive quarterly cash distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.6 ...