Welcome to our dedicated page for Eastgroup Pptys news (Ticker: EGP), a resource for investors and traders seeking the latest updates and insights on Eastgroup Pptys stock.
EastGroup Properties Inc (EGP) delivers essential industrial real estate solutions through its portfolio of multi-tenant distribution facilities in high-growth Sunbelt markets. This page provides investors and industry observers with direct access to official company announcements and market-moving developments.
Track EGP's latest press releases, including earnings results, property acquisitions, and strategic partnerships. Our curated news collection offers insights into the REIT's operational performance, tenant relationships, and expansion in supply-constrained logistics hubs across Florida, Texas, Arizona, and other key states.
Key updates include developments in warehouse leasing activity, balance sheet management, and sustainability initiatives. All content is sourced from verified channels to ensure compliance with financial disclosure standards.
Bookmark this page for streamlined access to EastGroup Properties' corporate communications and analysis of its position within the industrial real estate sector.
EastGroup Properties (NYSE: EGP) announced a significant 10.7% increase in its quarterly dividend to $1.55 per share from $1.40 per share. The dividend will be paid on October 15, 2025, to shareholders of record as of September 30, 2025.
This marks EastGroup's 183rd consecutive quarterly cash distribution and represents an annualized dividend rate of $6.20 per share. The company has maintained or increased its dividend for 33 consecutive years, with increases in 30 of those years, including the last 14 years consecutively.
EastGroup is a self-administered REIT focusing on industrial properties across high-growth U.S. markets, particularly in Texas, Florida, California, Arizona, and North Carolina. The company's portfolio currently includes approximately 63.9 million square feet of space.
EastGroup Properties (NYSE:EGP) reported strong Q2 2025 results with net income of $1.20 per diluted share, up from $1.14 in Q2 2024. The company achieved FFO of $2.21 per share, representing a 7.8% increase year-over-year. Same Property NOI grew by 6.6% on a straight-line basis.
Key operational highlights include rental rate increases of 44.4% on new and renewal leases, with the operating portfolio 97.1% leased and 96.0% occupied. The company initiated two development projects in Nashville and Atlanta totaling 469,000 square feet with projected costs of $70 million.
Post quarter-end, EastGroup acquired two Raleigh properties for $61 million and continued its expansion with strategic land acquisitions. The company maintained its strong financial position with a debt-to-market capitalization of 14.2% and declared a quarterly dividend of $1.40 per share.
EastGroup Properties (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, has scheduled its Second Quarter 2025 Earnings Conference Call and Webcast for July 24, 2025, at 11:00 a.m. Eastern Time. CEO Marshall Loeb and CFO Brent Wood will discuss Q2 results and 2025 outlook.
The company will release its financial results on July 23, 2025 after market close. EastGroup is a self-administered REIT specializing in industrial properties across high-growth U.S. markets, with emphasis in Texas, Florida, California, Arizona and North Carolina. The company's portfolio encompasses approximately 63.6 million square feet, including development projects and value-add acquisitions.
EastGroup Properties (NYSE: EGP) has announced significant business developments in May 2025. The company acquired a 66-acre office complex in Tampa's I-75 East submarket for $32 million, with plans to develop five industrial buildings totaling 553,000 square feet. The company's portfolio maintains strong performance with 96.8% leased and 95.7% occupied properties.
Rental rates have shown remarkable growth, with new and renewal leases averaging 41.7% increases on a straight-line basis and 28.6% on a cash basis. The company has executed four development property leases totaling 144,000 square feet. Additionally, EastGroup settled forward equity agreements by issuing 416,067 shares for net proceeds of $74.1 million, with 627,804 shares still available for settlement. Moody's has affirmed EastGroup's Baa2 rating and upgraded its outlook from stable to positive.
EastGroup Properties (NYSE: EGP) has declared a quarterly cash dividend of $1.40 per share, payable on July 15, 2025, to shareholders of record as of June 30, 2025. This marks the company's 182nd consecutive quarterly distribution, representing an annualized dividend rate of $5.60 per share. The REIT has maintained or increased its dividend for 32 consecutive years, with increases in 29 of those years, including the last 13 years consecutively.
EastGroup Properties is a self-administered equity REIT focused on industrial properties development, acquisition, and operation across high-growth U.S. markets, particularly in Texas, Florida, California, Arizona, and North Carolina. The company's portfolio currently encompasses approximately 63.1 million square feet, targeting business distribution spaces ranging from 20,000 to 100,000 square feet.
EastGroup Properties (NYSE: EGP) reported Q1 2025 results with net income of $1.14 per diluted share, down from $1.22 in Q1 2024. Funds from Operations (FFO) reached $2.12 per share, a 7.1% increase year-over-year.
Key operational highlights include:
- Operating portfolio was 97.3% leased and 96.5% occupied as of March 31, 2025
- Rental rates on new and renewal leases increased 46.9% on a straight-line basis
- Same Property Net Operating Income grew 5.3% on a straight-line basis
- Two development projects totaling 375,000 square feet were transferred to operating portfolio
- Signed 10 development project leases totaling 414,000 square feet
The company maintained strong financial metrics with a debt-to-market capitalization of 13.7% and declared a quarterly dividend of $1.40 per share. For 2025, EastGroup projects FFO per share to be between $8.84 and $9.04.
EastGroup Properties (NYSE: EGP) has announced a significant initiative to standardize key non-GAAP property metrics across the industrial REIT sector. The company has formed a coalition with First Industrial Realty Trust, Prologis, and STAG Industrial to enhance sector-wide comparability.
The updated methodology reaffirms the 2018 harmonization initiative's approach to determining property stabilization, occupancy, rent change, and customer retention. The annual same-store portfolio will continue to include only properties stabilized in both current and prior periods, with specific criteria for excluding value-added and redevelopment properties.
The standardization will be implemented in EastGroup's 2025 guidance and is not expected to materially impact the company's non-GAAP metrics for periods before 2025.
EastGroup Properties (NYSE: EGP) has scheduled its First Quarter 2025 Earnings Conference Call and Webcast for April 24, 2025, at 11:00 a.m. Eastern Time. CEO Marshall Loeb and CFO Brent Wood will present the quarterly results and discuss the company's 2025 earnings outlook. Financial results will be released after market close on April 23, 2025.
The company, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity REIT specializing in industrial properties across high-growth U.S. markets, particularly in Texas, Florida, California, Arizona, and North Carolina. Their portfolio encompasses approximately 63.1 million square feet, including development projects and value-add acquisitions in lease-up and under construction.
EastGroup Properties (NYSE: EGP) has declared its 181st consecutive quarterly cash dividend of $1.40 per share, payable on April 15, 2025, to shareholders of record on March 31, 2025. The dividend represents an annualized rate of $5.60 per share.
The company has maintained or increased its dividend for 32 consecutive years, with increases in 29 of those years, including the last 13 years consecutively. EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered REIT focusing on industrial properties in high-growth U.S. markets, particularly in Texas, Florida, California, Arizona, and North Carolina.
The company's portfolio currently includes approximately 63.1 million square feet of business distribution space, primarily serving customers requiring 20,000 to 100,000 square feet in supply-constrained submarkets.
EastGroup Properties (NYSE: EGP) reported strong portfolio performance with 97.1% leasing and 95.8% occupancy rates as of February 27, 2025. The company secured 1,438,000 square feet of new and renewal leases in Q1 2025, achieving significant rental rate increases of 45.0% on a straight-line basis and 30.9% on a cash basis.
In Charlotte, following Conn's Inc.'s lease rejection due to bankruptcy, EastGroup successfully re-leased the 300,000 square foot space with a 20% rental rate increase for a 7.5-year term starting March 31, 2025. The company also executed three development property leases totaling 151,000 square feet.
On the financial front, EastGroup entered forward equity sale agreements for 611,956 shares at $180.27 per share, potentially generating $110 million in proceeds. Additionally, the company settled previous forward equity agreements by issuing 214,138 shares for net proceeds of approximately $37 million.
FAQ
What is the current stock price of Eastgroup Pptys (EGP)?
What is the market cap of Eastgroup Pptys (EGP)?
