On March 7, 2025, 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 April 15, 2025, to shareholders who own Common Stock as of March 31, 2025.
EastGroup Properties, Inc. (NYSE:EGP) will hold its Q4 2024 Earnings Conference Call on February 7, 2025, at 11:00 AM ET. The call will feature company leaders, including President and CEO Marshall Loeb and CFO Brent Wood, along with various participants from major financial institutions. The operator will welcome everyone to the call and webcast.
EastGroup Properties (EGP 0.45%), a real estate investment trust (REIT) that specializes in industrial properties mainly in the Sunbelt region, announced its fourth-quarter results on February 6. The earnings per share (EPS) were $1.16, which was a bit higher than the anticipated $1.15, but the revenue of $164 million was slightly lower than the expected $166 million.
While the revenue and earnings per share (EPS) for EastGroup Properties (EGP) provide insight into its performance for the quarter ending December 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
EastGroup Properties (EGP) reported quarterly funds from operations (FFO) of $2.15 per share, which is slightly below the Zacks Consensus Estimate of $2.16 per share. This is an increase from last year's FFO of $2.03 per share.
On January 27, 2025, EastGroup Properties, Inc. (NYSE: EGP) shared information about how its 2024 distributions will be taxed. The company provided details regarding the income tax implications of these distributions.
EastGroup Properties is currently at a 52-week low, making it an attractive option for investors looking for long-term income and growth. The company targets high-demand areas in the Sunbelt region with multi-tenant Shallow Bay properties, which helps ensure stability and growth. It has shown steady growth in funds from operations (FFO), maintains high occupancy levels, and has a solid financial position with low debt, which supports its 3.6% dividend yield.
EastGroup Properties Inc. (EGP) is a real estate investment trust that focuses on industrial properties and has a strong track record of paying and increasing dividends. Their recent purchases and high occupancy levels show that they are effectively managing and growing the business, which helps to increase value for shareholders. Even though the stock price has dropped recently, EGP's past performance and the possibility of a recovery in a lower interest rate environment suggest it could be a good long-term investment.
JACKSON, Miss., Jan. 7, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) has announced that it will host its Fourth Quarter Earnings Conference Call and Webcast on Friday, February 7, 2025, at 11:00 a.m.
EPG is still on a buying spree, which helps it solidify its position in the current submarkets.