EastGroup Properties Announces Leadership Promotions

Leadership Changes - EastGroup Properties, Inc. announced a series of leadership promotions effective January 1, 2026, to support long-term growth [1] - The promotions reflect the company's confidence in the leadership team's ability to drive shareholder value and enhance operational alignment [1][7] - Reid Dunbar will become President, Staci Tyler will become Chief Financial Officer, Brent Wood will assume the role of Chief Operating Officer, and Michelle Rayner will become Chief Accounting Officer [7] Executive Profiles - Reid Dunbar has been with EastGroup since 2017, leading the Central Region and driving portfolio growth [1] - Staci Tyler, an 18-year veteran, will lead all aspects of the financial strategy, including capital markets and investor relations [2] - Brent Wood, with nearly 30 years at EastGroup, will oversee leasing and asset management for approximately 65 million square feet [3] - Michelle Rayner joined in 2011 and has extensive experience in accounting and financial reporting [4] Succession Planning - John Coleman, Executive Vice President of the Eastern Region, will retire on June 30, 2026, after a 25-year tenure [5] - Todd Johnson will succeed Coleman as Executive Vice President of the Eastern Region, having delivered strong results in Florida markets [5][6] Company Overview - EastGroup is a self-administered equity real estate investment trust focused on industrial properties in high-growth markets across the U.S. [8] - The company aims to maximize shareholder value by providing quality business distribution space, primarily in the 20,000 to 100,000 square foot range [8] - The current portfolio includes approximately 65 million square feet, with a strategy centered on premier distribution facilities near major transportation features [8]