JACKSON, Miss., May 30, 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. The trends we saw during the first quarter are carrying over to date. Meanwhile, given the volatility and uncertainty in the capital markets, we continue to opportunistically improv ...

EastGroup, a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space fo ...

So maybe we are being too selective, but we'll be patient, and I'm glad we were able to grow the company, as rapidly as we have been without. We try to give our shareholders a solid and certainly attractive industrial rate of return with a whole lot less risk, I believe through a handful of ways compared to some of our peers. So that Brent Wood Okay, thank you. Hi good morning. Maybe starting a little bit with Brent here on just kind of the bad debt. You guys touched on the three tenants in particular, but ...

For the quarter ended March 2024, EastGroup Properties (EGP) reported revenue of $154.22 million, up 14.2% over the same period last year. EPS came in at $1.98, compared to $1.02 in the year-ago quarter.The reported revenue represents a surprise of +1.06% over the Zacks Consensus Estimate of $152.6 million. With the consensus EPS estimate being $2.01, the EPS surprise was -1.49%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $1.98 per share, missing the Zacks Consensus Estimate of $2.01 per share. This compares to FFO of $1.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -1.49%. 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 $2.03, delivering a surprise of 1%.Over the last four qu ...

Justin Paget Shares of EastGroup Properties, Inc. (NYSE:EGP) have seen a small setback lately, although those shares have outperformed many industrial/logistics REITs. This relative outperformance is likely driven by upbeat comments of the business and lower leverage employed. While I like industrial REITs at large, and the positioning to the Sunbelt states is promising, I fail to award shares a premium valuation here. I furthermore struggle with the focus on absolute growth rather than growth per share, as ...

Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Paramount Group (PGRE) and EastGroup Properties (EGP) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimat ...

JACKSON, Miss., April 4, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its First Quarter Earnings Conference Call and Webcast on Wednesday, April 24, 2024, at 11:00 a.m. Eastern Time.  On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will discuss the Company's first quarter results, current operations, and earnings outlook for 2024.  EastGroup plans to release financial results for the quarter after the market closes on Apri ...

JACKSON, Miss., March 8, 2024 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.27 per share payable on April 15, 2024, to shareholders of record of Common Stock on March 28, 2024. This dividend is the 177th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.08 per share. EastGroup has increased or maintained its dividend for 31 consecu ...

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Pebblebrook Hotel (PEB) and EastGroup Properties (EGP) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision tren ...