EastGroup Properties Announces 180th Consecutive Quarterly Cash Dividend

Dividend Announcement - EastGroup Properties declared a quarterly cash dividend of $1.40 per share, payable on January 15, 2025, to shareholders of record on December 31, 2024 [1] - This marks the 180th consecutive quarterly dividend distribution by the company [1] - The annualized dividend rate is$5.60 per share [1] - The company has increased or maintained its dividend for 32 consecutive years, with 29 years of increases, including 13 consecutive years of increases [1] Company Overview - EastGroup Properties is a self-administered equity real estate investment trust (REIT) focused on industrial properties in major Sunbelt markets [2] - The company is a member of the S&P Mid-Cap 400 and Russell 2000 Indexes [2] - Primary markets include Florida, Texas, Arizona, California, and North Carolina [2] - The company's portfolio, including development projects and value-add acquisitions, totals approximately 61.8 million square feet [2] Business Strategy - The company aims to maximize shareholder value by providing functional, flexible, and quality business distribution space [2] - Target customers are location-sensitive businesses requiring spaces between 20,000 to 100,000 square feet [2] - Growth strategy focuses on owning premier distribution facilities near major transportation features in supply-constrained submarkets [2] Media and Communication - EastGroup Properties' press releases are available on the company's website at www.eastgroup.net [3]