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 reported its Q1 2023 results, showing a net income attributable to common stockholders of $1.02 per diluted share, down from $1.54 in Q1 2022. However, Funds from Operations (FFO) increased by 9.5%, reaching $1.84 per share, compared to $1.68 in the prior year. Gains on sales of real estate investments fell to $5 million (or $0.11 per share) from $30 million (or $0.73 per share) year-over-year. The operating portfolio was 98.7% leased, with rental rates on new leases rising by 48.5%. The company declared its 173rd consecutive dividend of $1.25 per share. Looking ahead, EPS is projected between $3.73 to $3.85, and FFO per share between $7.49 to $7.61 in 2023.
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