EastGroup Properties, Inc.
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Marshall A. Loeb
- Full Time Employees
- 103
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 400 West Parkway Place Ridgeland MS United States 39157-6005
- IPO Date
- Mar 17, 1980
- CIK
- 0000049600
- Website
- eastgroup.net
- Similar Companies
- Business
- EastGroup Properties, Inc. (NYSE: EGP) is a self-administered equity real estate investment trust focused on the development, acquisition, and operation of industrial properties in high-growth Sunbelt markets throughout the United States, with emphasis on Texas, Florida, California, Arizona, and North Carolina; the company owns premier multi-tenant business distribution facilities clustered near major transportation features in supply-constrained submarkets, providing functional, flexible, and quality space primarily in the 20,000 to 100,000 square foot range for location-sensitive customers including those in distribution, e-commerce fulfillment, warehousing, light manufacturing, research and development, and showroom operations; its portfolio, including development projects and value-add acquisitions in lease-up and under construction, totals approximately 64.4 million square feet. Founded in 1969 as Eastover Corporation and converted to its current REIT structure with an initial public offering in 1994, EastGroup Properties is headquartered in Ridgeland, Mississippi. The company recently expanded its portfolio through strategic acquisitions, including the $76 million purchase of DFW Global Logistics Centre 5-8 in Dallas (four buildings totaling 492,000 square feet at 100% occupancy) and the $83 million acquisition of Akimel Gateway in Phoenix (four buildings totaling 519,000 square feet, fully leased); in November 2024, it acquired Riverpoint Industrial Park in Atlanta for $88 million (three buildings totaling 779,000 square feet) and agreed to purchase four industrial buildings in Dallas for $77 million; additional 2024-2025 activities encompass the acquisition of 26 acres in Nashville for development, a 66-acre site in Tampa for a 553,000-square-foot logistics center, and over $450 million in equity capital raised through share sales and forward agreements to fund growth.
Company News
These Warehouse REITs Are Riding the E-Commerce Boom. Which Pays the Safest Dividend?
EastGroup Properties: A Dividend And Growth Star After Warehouse Portfolio Outperforms In Q3
EastGroup Properties: 3 Key Takeaways for Long-Term Investors
EastGroup Properties (NYSE:EGP) CFO Staci Tyler Sells 1,600 Shares of Stock
REITs Rebound As Earnings Deliver
Warehouse Demand Is Heating Up. These 4 REITs Pay Investors to Own the Space
What EastGroup Properties (EGP) Said on Its Q3 Earnings Call
EastGroup Properties, Inc. (EGP) Q3 2026 Earnings Call Transcript
3 Cheap REITs To Buy Before Rents Surge
EastGroup Properties (EGP) Tops Q3 FFO and Revenue Estimates
EastGroup Properties Announces Third Quarter 2026 Results
The Biggest Mistakes REIT Investors Make (I Made No. 3)
SHO or EGP: Which Is the Better Value Stock Right Now?
5 Dividend Stocks That Turn Boring Warehouses Into Retirement Income
EastGroup Properties Announces New Directors
SHO vs. EGP: Which Stock Is the Better Value Option?
EastGroup Properties Announces Third Quarter 2026 Earnings Conference Call and Webcast
EastGroup Properties, Inc. (EGP) Presents at BofA NY Global Real Estate Conference 2026 Prepared Remarks Transcript
GLPI or EGP: Which Is the Better Value Stock Right Now?
Nykredit A S Makes New Investment in EastGroup Properties, Inc. $EGP