Shutter2U EastGroup Properties (NYSE:EGP) operates primarily within sunbelt markets, benefiting from the value drivers accompanying these markets, such as: resilient job market dynamic population growth accelerating significance of tourism favorable tax regulations for businesses Moreover, EGP concentrates on last-mile, shallow bay industrial properties. As they have historically experienced relatively lower vacancy problems than traditional properties. Geographic Focus · Major Sunbelt Growth Markets Emphas ...

Second quarter earnings reports from Prologis (PLD) and First Industrial (FR) suggest growth is returning to industrial. Industrial rent per square foot cratered during the Financial Crisis, in many cases getting as low as a couple of dollars per square foot, and there were even instances of sub $1.00 per foot rent. FRED Market rent of industrial facilities recovered from the financial crisis lows, and slowly built over the ensuing decade. Rental rates began ramping nicely approaching the year 2020, and the ...

So we do look at that, but we probably look at it a little more of late given the amount of supply. So there's – and then in terms of our $260 million in starts, I would say kind of traditionally, if you ask our field, that number is $100 million more than we're telling the Street, and I love their optimism over that. It stresses Brent out of how do we fund that at the beginning of each year. And then there's usually a little bit of give and take of, all right, what is it and when does it start? And then so ...

Table of Contents Conference Call 800-836-8184 | ID – EastGroup July 24, 2024 11:00 a.m. Eastern Time webcast available at EastGroup.net 400 West Parkway Place, Suite 100 Ridgeland, MS 39157 TEL: 601-354-3555 | FAX: 601-352-1441 Page 1 of 24 Financial Information: Development and Value-Add Properties Transferred to Real Estate Properties ..... 12 Real Estate Improvements and Leasing Costs ........................................................ 14 | --- | --- | |--------------------------------------------- ...

EastGroup Properties (EGP) reported $159.09 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 13.7%. EPS of $2.05 for the same period compares to $0.97 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $156.96 million, representing a surprise of +1.36%. The company has not delivered EPS surprise, with the consensus EPS estimate being $2.05. While investors scrutinize revenue and earnings changes year-over-year and how they compare with W ...

A quarter ago, it was expected that this real estate investment trust would post FFO of $2.01 per share when it actually produced FFO of $1.98, delivering a surprise of -1.49%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call. While EastGroup Properties has underperformed the market so far this year, the question that comes to investors' minds is: what's next for th ...

Second Quarter 2024 Highlights JACKSON, MISSISSIPPI, July 23, 2024 - EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today the results of its operations for the three and six months ended June 30, 2024. Three Months Ended June 30, 2024 On a diluted per share basis, earnings per common share ("EPS") were $1.14 for the three months ended June 30, 2024, compared to $0.97 for the same period of 2023. The increase in EPS was primarily due to the following: • The Compan ...

RichVintage Americans believe they need $1.46 million to retire comfortably, according to a survey by Northwestern Mutual earlier this year. That's 53% higher than they reported in 2020, CBS News reports. "Due to the impact of inflation and other financial pressures," it writes, "Americans today believe they need to sock away more for their golden years compared with 2020, when the typical worker pegged a comfy retirement as requiring $951,000 in savings, Aditi Javeri Gokhale, chief strategy officer at Nort ...

A live broadcast of the conference call is available by dialing 1-800-836-8184 (conference ID EastGroup) or by webcast through a link on the Company's website at www.eastgroup.net. If you are unable to listen to the live conference call, a telephone and webcast replay will be available on Wednesday, July 24, 2024. The telephone replay will be available until Wednesday, July 31, 2024, and can be accessed by dialing 1-888-660-6345 (access code 98279#). The replay of the webcast can be accessed through a link ...

XiXinXing This article was co-produced with Leo Nelissen. "Workers have no interest in working into their 60s or 70s." I just read this line in a Wall Street Journal article titled "Pro Take: The Covid Retirement Wave Could Be With Us for Good." According to the article, in March, a New York Fed survey indicated that just 45.8% of respondents under the age of 62 said they are likely to work past the age of 62. That number is down from 55.4% in March 2020. Results were similar for people 45 or younger, where ...