Core Insights - The article discusses the ongoing trend of early retirement among workers, particularly those under 62, with a significant decline in the expectation to work past this age compared to pre-pandemic levels [3][5][29] - It highlights the impact of the stock market and high-yield investment options on retirement decisions, suggesting that many individuals are opting for early retirement due to favorable financial conditions [7][8][30] Labor Market Trends - A New York Fed survey revealed that only 45.8% of respondents under 62 expect to work past that age, down from 55.4% in March 2020 [3][5] - The labor force participation rate for older workers has reached its lowest point since 2007, contrasting with the highest participation levels among younger workers since 2002 [5][6] Investment Opportunities - The article presents two REITs, EastGroup Properties (EGP) and Sun Communities (SUI), as attractive investment options for both retirees and younger investors seeking income and growth [8][30] - EGP focuses on industrial properties in high-growth Sunbelt markets, with a market cap of approximately $8 billion and a 3% dividend yield, supported by a strong occupancy rate of 98% [10][11][13] - SUI, the largest operator of manufactured housing communities in the U.S., offers a 3.1% dividend yield and has demonstrated stable growth in net operating income, outperforming multifamily peers [17][25][30] Financial Performance and Projections - EGP has a five-year dividend compound annual growth rate (CAGR) of 12.6% and is expected to grow per-share adjusted funds from operations (AFFO) by 11% this year [13][14] - SUI has a five-year dividend CAGR of 5.3% and is projected to see growth in AFFO of 7% and 6% in 2025 and 2026, respectively [25][26][30] Conclusion - Both EGP and SUI are positioned for sustained growth and reliable income, making them suitable choices for investors looking for consistent returns and dividend growth [28][30]

Core Insights - EastGroup Properties, Inc. continues to see strong performance in the Sunbelt industrial market, with positive trends from Q1 carrying into the current period [2] - The company has strategically improved its balance sheet to capitalize on market opportunities amid capital market volatility [2] Business Activity - In May 2024, EastGroup acquired a newly constructed industrial property in Raleigh, measuring 275,000 square feet, for approximately $54 million, fully leased to three tenants [2] - The acquisition marks EastGroup's entry into the Raleigh-Durham market, which has been targeted for its population growth and economic diversity [2] Portfolio Performance - As of May 30, 2024, EastGroup's portfolio was 97.7% leased and 97.0% occupied [3] - In the second quarter of 2024, the company signed 1,232,000 square feet of new and renewal leases, with rental rate increases averaging 69.6% on a straight-line basis and 49.0% on a cash basis [3] Financial Activities - The company settled outstanding forward equity sale agreements by issuing 420,370 shares of common stock, generating net proceeds of approximately $76 million [4] - Additionally, EastGroup entered into forward equity sale agreements for 135,662 shares, with an approximate gross total of $23 million, available for settlement until May 2025 [5] Upcoming Events - Management is scheduled to present at Nareit's REITweek: 2024 Investor Conference on June 5, 2024, discussing transaction activity, leasing environment, and market trends [6] Company Overview - EastGroup is a self-administered equity real estate investment trust focused on industrial properties in major Sunbelt markets, aiming to maximize shareholder value through quality distribution space [7] - The company's portfolio includes approximately 60 million square feet, emphasizing premier distribution facilities near major transportation features [7]

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 ...

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 ...