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 ...

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 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. -1- Indicate by check mark whether the registrant has subm ...

EastGroup Properties, Inc. (NYSE:EGP) Q2 2024 Earnings Conference Call July 24, 2024 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 Jeff Spector – Bank of America Craig Mailman – Citi Alexander Goldfarb – Piper Sandler John Kim – BMO Capital Markets Todd Thomas – KeyBanc Capital Markets Rich Anderson – Wedbush Michael Carroll – RBC Nick Thillman – Baird Mike M ...

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 ...