EastGroup Properties

EastGroup Properties, Inc. is an internally-managed equity real estate investment trust. The firm is engaged in the development, acquisition, and operation of industrial properties in the United States. Its portfolio consists of distribution facilities in Florida, California, Texas, Arizona, and North Carolina. The company was founded in 1969 and is headquartered in Ridgeland, MS.

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Earnings data Q3 2024

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EastGroup Properties surpasses earnings expectations, eyes cautious growth strategy

EastGroup Properties (EGP) exceeded FFO guidance, achieved record performance in 2022, and maintains a cautious approach in the current economic environment. Challenges include capital market volatility and delays in equipment procurement, while opportunities lie in the development pipeline and stable cap rates for acquisitions.

EastGroup Properties (EGP) excels in Q1 2023 amidst market uncertainties

EastGroup Properties (EGP) delivered a strong performance in Q1 2023, showcasing operational excellence and prudent financial management amidst market uncertainties. While facing challenges like potential economic downturns, EGP remains poised to capitalize on opportunities in strategic transactions and rent growth across key markets.

EastGroup Properties excels in Q2, eyes growth amidst challenges

EastGroup Properties delivered strong financial performance and highlighted positive market trends and growth opportunities.
While facing challenges in certain markets and securing capital, the company remains well-positioned for future success.
Strategic focus on development projects and diverse funding sources will drive growth amidst market uncertainties.
Overall, EastGroup's operational excellence and strategic initiatives position it for sustained growth and value creation.

EastGroup Properties (EGP) reports strong Q3 performance and eyes value creation opportunities

EastGroup Properties (EGP) delivered a robust Q3 performance with rising FFO per share and strong operational metrics. Despite challenges like construction delays and G&A expense reductions, the company is focused on value creation and seizing opportunities in the market. EGP's strategic approach to acquisitions and developments positions it well for future growth.

EastGroup Properties reports record earnings, eyes strategic acquisitions for growth

EastGroup Properties delivered a strong performance in Q4 2023, with record FFO per share and robust occupancy metrics.
The company's strategic focus on acquisitions, rent growth, and financial prudence positions it well for future growth and value creation.
Challenges in certain markets and cautious approach to acquisitions highlight the need for strategic risk management and market responsiveness.
Opportunities in acquisitions, rent growth, nearshoring activities, and development starts offer avenues for sustained growth and portfolio expansion.

EastGroup Properties excels in Q1, eyes growth in Raleigh and Nashville markets

EastGroup Properties showcases strong Q1 performance with a focus on strategic acquisitions, high occupancies, and navigating economic challenges. The company remains optimistic about future growth, emphasizing return hurdles for acquisitions and market resiliency. Opportunities lie in targeted market growth, unique acquisitions, and adapting to evolving tenant behavior.

EastGroup Properties (EGP) excels in Q3, eyes growth amid challenges

EastGroup Properties (EGP) reported strong financial performance and operational metrics in Q3 2024.
The company remains focused on strategic acquisitions, development, and maximizing value for shareholders.
Challenges include economic uncertainties and operational risks, but EGP is well-positioned to capitalize on growth opportunities.
With a positive outlook, EGP's emphasis on acquisitions, rent increases, and portfolio expansion bodes well for future success.

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EastGroup Properties, Inc. is an internally-managed equity real estate investment trust, which engages in the development, acquisition, and operation of industrial properties. The company was founded in 1969 and is headquartered in Ridgeland, MS.

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PINE or EGP: Which Is the Better Value Stock Right Now?

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Firming Inflation Fizzles Optimism

EGP's expansion efforts in the thriving Sunbelt, shallow bay industrial market align with broader trends in the industrial real estate market.

EastGroup Acquires Atlanta Property, Sees Healthy Leasing Activity

JACKSON, Miss. , Nov. 14, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity.

EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conferences

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EastGroup's strengths, management, and financials-all in 12 minutes or less!

EastGroup Properties: The Surprising Growth Catalyst in Sun Belt Real Estate

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PINE vs. EGP: Which Stock Is the Better Value Option?

EastGroup Properties has shown strong fundamentals, growing FFO and revenue despite industrial sector headwinds, and has raised its dividend and FFO guidance for the year. The REIT's focus on attractive Sun Belt markets and lower leverage ratios positions it well for future growth, even amid current market volatility. With a forward P/FFO multiple of 21.20x and Wall Street's buy rating, EastGroup Properties offers potential double-digit upside.

EastGroup Properties: Double-Digit Dividend Growth, Industrial Powerhouse You Should Consider

EastGroup Properties, Inc. (NYSE:EGP ) Q3 2024 Earnings Call Transcript October 24, 2024 11:00 AM ET Company Participants Marshall Loeb - President & Chief Executive Officer Keena Frazier - Director-Leasing Statistics Brent Wood - Chief Financial Officer Conference Call Participants Craig Mailman - Citigroup Rich Anderson - Wedbush Andrew Berger - Bank of America Samir Khanal - Evercore ISI Todd Thomas - KeyBanc Capital Markets Blaine Heck - Wells Fargo Michael Carroll - RBC Capital Markets Alexander Goldfarb - Piper Sandler Nick Thillman - Baird Mike Mueller - JPMorgan Jessica Zheng - Green Street John Kim - BMO Capital Markets Brendan Lynch - Barclays Operator Good morning, ladies and gentlemen, and welcome to the EastGroup Properties Third Quarter 2024 Earnings Conference Call and Webcast. At this time, all lines are in a listen-only mode.

EastGroup Properties, Inc. (EGP) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for EastGroup Properties (EGP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

EastGroup Properties (EGP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $2.13 per share, beating the Zacks Consensus Estimate of $2.10 per share. This compares to FFO of $1.95 per share a year ago.

EastGroup Properties (EGP) Tops Q3 FFO and Revenue Estimates

Third Quarter 2024 Highlights Net Income Attributable to Common Stockholders of $1.13 Per Diluted Share for Third Quarter 2024 Compared to $1.07 Per Diluted Share for Third Quarter 2023 Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.13 Per Share for Third Quarter 2024 Compared to $1.95 Per Share for Third Quarter 2023, an Increase of 9.2% Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 5.5% on a Straight-Line Basis and 5.9% on a Cash Basis for Third Quarter 2024 Compared to the Same Period in 2023 Operating Portfolio was 96.9% Leased and 96.5% Occupied as of September 30, 2024; Average Occupancy of Operating Portfolio was 96.7% for Third Quarter 2024 as Compared to 97.7% for Third Quarter 2023 Rental Rates on New and Renewal Leases Increased an Average of 50.9% on a Straight-Line Basis Acquired an Operating Property Containing 179,000 Square Feet for Approximately $36 Million Started Construction of Two Development Projects Totaling 310,000 Square Feet with Projected Total Costs of Approximately $40 Million Transferred Three Development Projects, which Contain 735,000 Square Feet to the Operating Portfolio JACKSON, Miss. , Oct. 23, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today the results of its operations for the three and nine months ended September 30, 2024.

EastGroup Properties Announces Third Quarter 2024 Results

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JACKSON, Miss. , Oct. 1, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Third Quarter Earnings Conference Call and Webcast on Thursday, October 24, 2024, at 11:00 a.m.

EastGroup Properties Announces Third Quarter 2024 Earnings Conference Call and Webcast

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