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2 Monthly-Paying REITs In The Hottest Sector Of Commercial Real Estate
Seeking Alpha· 2024-02-12 12:15
Richard Darko/iStock via Getty Images Co-produced by Austin Rogers. In the post-pandemic years of 2021 through 2023, commercial real estate (with the exception of the office sector) enjoyed an almost uniformly strong environment characterized by rising occupancy and strong rent growth. At the tip of the pyramid in terms of strength is industrial real estate. According to a December 2023 report by CommercialEdge, in-place rents for industrial real estate rose 7.4% year-over-year, while the national vacan ...
East Properties(EGP) - 2023 Q4 - Earnings Call Transcript
2024-02-08 21:22
EastGroup Properties, Inc. (NYSE:EGP) Q4 2023 Earnings Conference Call February 8, 2024 11:00 AM ET Company Participants Marshall Loeb - President & Chief Executive Officer Keena Frazier - Director of Leasing Statistics Brent Wood - Chief Financial Officer Staci Tyler - Senior Vice President, Chief Accounting Officer & Chief Administrative Officer Conference Call Participants Craig Mailman - Citibank Jeff Spector - Bank of America Alexander Goldfarb - Piper Sandler Todd Thomas - KeyBanc Capital Markets Bill ...
Compared to Estimates, EastGroup Properties (EGP) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-02-08 01:31
EastGroup Properties (EGP) reported $149.15 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 14.9%. EPS of $2.03 for the same period compares to $0.89 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $149.33 million, representing a surprise of -0.12%. The company delivered an EPS surprise of +1.00%, with the consensus EPS estimate being $2.01.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...
EastGroup Properties (EGP) Surpasses Q4 FFO Estimates
Zacks Investment Research· 2024-02-07 23:46
EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $2.03 per share, beating 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%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.93 per share when it actually produced FFO of $1.95, delivering a surprise of 1.04%.Over the last four qua ...
EastGroup Properties (EGP) Moves to Buy: Rationale Behind the Upgrade
Zacks Investment Research· 2024-02-05 18:01
EastGroup Properties (EGP) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing ...
East Properties(EGP) - 2023 Q3 - Earnings Call Transcript
2023-10-25 22:06
EastGroup Properties, Inc. (NYSE:EGP) Q3 2023 Earnings Conference Call October 25, 2023 11:00 AM ET Company Participants Marshall Loeb - President and Chief Executive Officer Keena Frazier - Director of Leasing Statistics Brent Wood - Chief Financial Officer Conference Call Participants Craig Mailman - Citigroup Inc. Jeffrey Spector - Bank of America Alexander Goldfarb - Piper Sandler Nick Thillman - Robert W. Baird & Co. Todd Thomas - KeyBanc Capital Markets Samir Khanal - Evercore ISI William Crow - Raymo ...
East Properties(EGP) - 2023 Q3 - Quarterly Report
2023-10-24 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ Maryland 13-2711135 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 400 W Parkway Place Suite 100 Ridgeland, Mississippi 39157 (Address of principal executive offices) (Zip code) 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 September 30, 2023 or ☐ TRANSITION REPOR ...
East Properties(EGP) - 2023 Q2 - Earnings Call Transcript
2023-07-26 20:19
EastGroup Properties, Inc. (NYSE:EGP) Q2 2023 Earnings Conference Call July 26, 2023 11:00 AM ET Company Participants Keena Frazier - Director-Leasing Statistics Marshall Loeb - President and Chief Executive Officer Brent Wood - Chief Financial Officer Conference Call Participants Vikram Malhotra - Mizuho Connor Mitchell - Piper Sandler Jeffrey Spector - Bank of America Samir Khanal - Evercore Michael Carroll - RBC Capital Markets Todd Thomas - KeyBanc Capital Markets Jason Belcher - Wells Fargo Ronald Kamd ...
East Properties(EGP) - 2023 Q2 - Quarterly Report
2023-07-25 16:00
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, 2023 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) Mar ...
East Properties(EGP) - 2023 Q1 - Earnings Call Transcript
2023-04-26 20:55
EastGroup Properties, Inc. (NYSE:EGP) Q1 2023 Earnings Conference Call April 26, 2023 11:00 AM ET Company Participants Keena Frazier – Director-Leasing Statistics Marshall Loeb – President and Chief Executive Officer Brent Wood – Chief Financial Officer Conference Call Participants Bill Crow – Raymond James Craig Mailman – Citi Connor Mitchell – Piper Sandler Nick Thillman – Baird Jason Belcher – Wells Fargo Jessica Zheng – Green Street Jeff Spector – Bank of America Ki Bin Kim – Truist Todd Thomas – KeyBa ...