EastGroup Properties Announces 182nd Consecutive Quarterly Cash Dividend

Rhea-AI Summary

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.

Positive

• Maintained 182 consecutive quarterly dividend distributions, demonstrating strong financial stability
• 32-year track record of maintaining or increasing dividends, with increases in 29 of those years
• Substantial portfolio of 63.1 million square feet in high-growth markets
• Strategic presence in key growth markets across Texas, Florida, California, Arizona, and North Carolina

Negative

• None.

JACKSON, Miss., May 22, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.40 per share payable on July 15, 2025, to shareholders of record of Common Stock on June 30, 2025.  This dividend is the 182^nd consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.60 per share.  EastGroup has increased or maintained its dividend for 32 consecutive years.  The Company has increased it 29 years over that period, including increases in each of the last 13 years.

About EastGroup Properties, Inc.

EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona, and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 63.1 million square feet.

EastGroup Properties, Inc. press releases are available at www.eastgroup.net. 

Contact: investor@eastgroup.net

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SOURCE EastGroup Properties

FAQ

What is EastGroup Properties' (EGP) latest quarterly dividend amount for 2025?

EastGroup Properties declared a quarterly dividend of $1.40 per share, payable on July 15, 2025, representing an annualized dividend rate of $5.60 per share.

How long has EastGroup Properties (EGP) maintained its dividend payments?

EastGroup Properties has maintained or increased its dividend for 32 consecutive years, with increases in 29 of those years, including increases in each of the last 13 years.

What is the size of EastGroup Properties' (EGP) current portfolio?

EastGroup Properties' portfolio currently includes approximately 63.1 million square feet of industrial properties.

Which markets does EastGroup Properties (EGP) primarily operate in?

EastGroup Properties primarily operates in high-growth markets throughout the United States, with emphasis in Texas, Florida, California, Arizona, and North Carolina.

When is the record date for EastGroup Properties' (EGP) latest dividend?

The record date for EastGroup Properties' latest dividend is June 30, 2025.