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) has reported significant recent business activities.
In May, they acquired a 275,000 sq ft industrial property in Raleigh for $54M, marking their entry into this growing market.
Their portfolio is 97.7% leased and 97.0% occupied as of May 30, 2024.
EastGroup signed 1,232,000 sq ft of new and renewal leases in Q2 2024 with rental increases averaging 69.6% on a straight-line basis and 49.0% on a cash basis.
They issued 420,370 shares of common stock, raising approximately $76M and entered into forward equity agreements for 135,662 shares, potentially raising $23M.
EastGroup's management will present at Nareit's REITweek on June 5, 2024.
EastGroup Properties (NYSE: EGP) announced its 178th consecutive quarterly cash dividend of $1.27 per share, payable on July 15, 2024, for shareholders of record on June 28, 2024. This reflects an annualized dividend rate of $5.08 per share. EastGroup has consistently increased or maintained its dividend for 31 years, with increases in each of the last 12 years. The company, part of the S&P Mid-Cap 400 and Russell 1000 Indexes, specializes in industrial properties in Sunbelt markets like Florida, Texas, Arizona, California, and North Carolina. EastGroup aims to maximize shareholder value through high-quality, location-sensitive business distribution spaces, owning approximately 60 million square feet in its portfolio.
FAQ
What is the current stock price of Eastgroup Pptys (EGP)?
What is the market cap of Eastgroup Pptys (EGP)?
