Headquartered in Ridgeland, MS Fiscal year ends December NYSE: EGP eastgroup.net
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 markets throughout the United States, with an emphasis in Texas, Florida, California, Arizona, and North Carolina. A member of the S&P Mid-Cap 400 and Russell 2000 Indexes, the company targets functional, flexible, and quality business distribution space for location-sensitive customers, primarily in the 20,000 to 100,000 square foot range. Its strategy centers on ownership of premier shallow bay, last-mile distribution facilities clustered near major transportation features in supply-constrained submarkets. The portfolio, including development projects and value-add acquisitions, encompasses approximately 65.8 million square feet across markets including Dallas, Houston, San Antonio, Orlando, Tampa, Phoenix, Charlotte, and Los Angeles. EastGroup maintains an active development pipeline of 17 projects across 12 markets and a prospective development land bank of approximately 11 million square feet across 16 markets. The company carries a Baa1 stable credit rating from Moody's. Updated
Warehouses handling every online order and factory shipment are back in high demand, and five industrial REITs are converting that traffic into growing dividend checks. Which one offers the fattest yield, and…
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 markets throughout the United States, with an emphasis in Texas, Florida, California, Arizona, and North Carolina.
The Wall Street consensus 12-month price target for EGP is $225.90.
