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 ...

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 ...

EastGroup Properties, Inc. (NYSE:EGP) Q1 2024 Earnings Conference Call April 24, 2024 11:00 AM ET Company Participants Marshall Loeb - President & CEO Keena Frazier - Director of Leasing Statistics Brent Wood - EVP & CFO Conference Call Participants Jeff Spector - Bank of America Eric Warden - BMO Capital Markets Craig Mailman - Citibank William Crow - Raymond James Mike Keller - JPMorgan Todd Thomas - KeyBanc Capital Markets Jason Belcher - Wells Fargo Ronald Kamdem - Morgan Stanley Jessica Zheng - Green S ...