EastGroup Properties (EGP) Stock

EPG is still on a buying spree, which helps it solidify its position in the current submarkets.

I am hopeful for 2025, anticipating a revival of REITs due to corporate tax cuts, tariffs, and less regulation from President Trump's new administration. The tax cuts will encourage businesses to grow, which will help REIT tenants and improve the quality of rents, even though REITs are pass-through entities. Additionally, Trump's tariffs may result in more investments in the U.S., which would be advantageous for REITs that lease space to companies constructing new factories and warehouses.

On December 30, 2024, EastGroup Properties, Inc. (NYSE: EGP) shared updates about its recent business activities. The company is often referred to as "we," "us," or "EastGroup."

On December 2, 2024, EastGroup Properties (NYSE: EGP) announced that its Board of Directors has approved a quarterly cash dividend of $1.40 per share. This dividend will be paid on January 15, 2025, to shareholders who own Common Stock as of December 31, 2024.

One of the benefits of investing in dividend stocks is that they are usually affordable, which makes it simple for beginners to start. Additionally, you can regularly purchase more shares when you have extra money to invest, helping you to gradually increase your dividend earnings.

EGP's growth plans in the booming Sunbelt area and shallow bay industrial market match the larger trends seen in the industrial real estate sector.

JACKSON, Miss., Nov. 14, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (referred to as "the Company," "we," "us," or "EastGroup") has shared updates on its latest business activities today.

In just 12 minutes or less, you can learn about EastGroup's strengths, management, and financial situation!

EastGroup Properties has demonstrated solid performance, increasing its funds from operations (FFO) and revenue despite challenges in the industrial sector, and has also raised its dividend and FFO expectations for the year. The company's emphasis on appealing Sun Belt markets and lower debt levels makes it well-suited for future growth, even in today's fluctuating market. With a forward P/FFO ratio of 21.20x and a buy rating from Wall Street, EastGroup Properties presents a chance for significant gains.