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 March 31, 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. (Exact Name of Registrant as Specified in its Charter) Ma ...

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 ...

Exhibit 99.1 • The Company's property net operating income ("PNOI") increased by $13,293,000 ($0.28 per share) for the three months ended March 31, 2024, as compared to the same period of 2023. 400 W. Parkway Place, Suite 100, Ridgeland, MS 39157 | TEL: 601-354-3555 | FAX: 601-352-1441 | EastGroup.net Contact: Marshall Loeb, President and CEO Brent Wood, CFO (601) 354-3555 EastGroup Properties Announces First Quarter 2024 Results First Quarter 2024 Highlights JACKSON, MISSISSIPPI, April 23, 2024 - EastGroup ...

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 ...

JACKSON, Miss., Feb. 29, 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 are pleased to see the occupancy and leasing trends we experienced late last year continuing thus far into 2024. Occupancy is trending inline to slightly ahead of our forecast. We look forward to speaking with many of you next week at the Citi conference and for those ...