JACKSON, Miss., April 4, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its First Quarter Earnings Conference Call and Webcast on Wednesday, April 24, 2024, at 11:00 a.m. Eastern Time.  On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will discuss the Company's first quarter results, current operations, and earnings outlook for 2024. 

JACKSON, Miss., March 8, 2024 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.27 per share payable on April 15, 2024, to shareholders of record of Common Stock on March 28, 2024. This dividend is the 177th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.08 per share. EastGroup has increased or maintained its dividend for 31 consecutive years. The Company has increased it 28 years over that period, including increases in each of the last 12 years.

JACKSON, Miss., Feb. 29, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity.

Commenting on the Company's activity, Marshall Loeb, CEO, stated, "We are pleased to see the occupancy and leasing trends we experienced late last year continuing thus far into 2024. Occupancy is trending inline to slightly ahead of our forecast. We look forward to speaking with many of you next week at the Citi conference and for those we'll miss we're available for any questions."

Fourth Quarter 2023 Results

Net Income Attributable to Common Stockholders of $1.35 Per Diluted Share for Fourth Quarter 2023 Compared to $0.89 Per Diluted Share for Fourth Quarter 2022 (Gains on Sales of Real Estate Investments Were $13 Million, or $0.28 Per Diluted Share, in Fourth Quarter 2023; There Were No Sales in Fourth Quarter 2022)Funds from Operations ("FFO") of $2.03 Per Diluted Share for Fourth Quarter 2023 Compared to $1.82 Per Diluted Share for Fourth Quarter 2022, an Increase of 11.5%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 6.8% on a Straight-Line Basis and 7.5% on a Cash Basis for Fourth Quarter 2023 Compared to the Same Period in 2022Operating Portfolio was 98.7% Leased and 98.2% Occupied as of December 31, 2023; Average Occupancy of Operating Portfolio was 98.1% for Fourth Quarter 2023 as Compared to 98.4% for Fourth Quarter 2022Rental Rates on New and Renewal Leases Increased an Average of 62.0% on a Straight-Line BasisAcquired Three Operating Properties Totaling 577,000 Square Feet for Approximately $78 MillionAcquired 118.2 Acres of Development Land for Approximately $26 MillionStarted Construction of One Development Project Containing 244,000 Square Feet with Projected Total Costs of Approximately $35 MillionTransferred One Development Project, which Contains 100,000 Square Feet and is 100% Leased, to the Operating PortfolioSold Two Operating Properties Totaling 106,000 Square Feet for Approximately $29 Million (Gains of $13 Million Not Included in FFO)Declared 176th Consecutive Quarterly Cash Dividend: $1.27 Per ShareSold 1,369,875 Shares of Common Stock Pursuant to the Company's Continuous Common Equity Offering Program at a Weighted Average Price of $171.55 Per Share for Aggregate Net Proceeds of Approximately $232 MillionEntered into Forward Equity Sales Agreements under the Company's Continuous Common Equity Offering Program with Respect to 406,041 Shares with a Weighted Average Initial Forward Price of $183.92 Per Share; Did Not Receive Any Related Proceeds During the Quarter

JACKSON, Miss., Jan. 25, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today the income tax treatment of its 2023 distributions as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of EastGroup distributions.

Common Stock:Ticker Symbol EGP, CUSIP #277 276 101

JACKSON, Miss., Jan. 11, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Fourth Quarter Earnings Conference Call and Webcast on Thursday, February 8, 2024, at 11:00 a.m. Eastern Time. On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will discuss the Company's fourth quarter results, current operations, and earnings outlook for 2024. 

JACKSON, Miss., Dec. 8, 2023 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.27 per share payable on January 12, 2024, to shareholders of record of Common Stock on December 29, 2023. This dividend is the 176th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.08 per share.  EastGroup has increased or maintained its dividend for 31 consecutive years. The Company has increased it 28 years over that period, including increases in each of the last 12 years.

JACKSON, Miss., Nov. 9, 2023 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity.

Commenting on the Company's activity, Marshall Loeb, CEO, stated, "Our portfolio remains highly leased and resilient in a volatile environment. This dynamic climate is continuing to provide attractive investments. One such opportunity allowed our expansion into Nashville, another fast-growing Sunbelt market. We're pleased with the quality of the buildings and our ability to push rents to market as leases mature in time."

Third Quarter 2023 Results

Net Income Attributable to Common Stockholders of $1.07 Per Diluted Share for Third Quarter 2023 Compared to $0.87 Per Diluted Share for Third Quarter 2022Funds from Operations ("FFO") of $2.00 Per Share for Third Quarter 2023 Compared to $1.77 Per Share for Third Quarter 2022, an Increase of 13.0%FFO Excluding Gain on Involuntary Conversion and Business Interruption Claims ($0.05 Per Share in Third Quarter 2023) of $1.95 Per Share Compared to $1.77 Per Share for the Same Quarter Last Year, an Increase of 10.2%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 6.0% on a Straight-Line Basis and 6.9% on a Cash Basis for Third Quarter 2023 Compared to the Same Period in 2022Operating Portfolio was 98.5% Leased and 97.7% Occupied as of September 30, 2023; Average Occupancy of Operating Portfolio was 97.7% for Third Quarter 2023 as Compared to 98.3% for Third Quarter 2022Rental Rates on New and Renewal Leases Increased an Average of 55.4% on a Straight-Line BasisAcquired an Operating Property Containing 254,000 Square Feet for Approximately $53 MillionAcquired 93.4 Acres of Development Land for Approximately $27 MillionStarted Construction of Three Development Projects Containing 793,000 Square Feet with Projected Total Costs of Approximately $132 MillionTransferred Six Development and Value-Add Projects Totaling 1,134,000 Square Feet to the Operating Portfolio, which are Collectively 93% LeasedDevelopment and Value-Add Program Consisted of 18 Projects in 12 Markets (3.9 Million Square Feet) at September 30, 2023 with a Projected Total Investment of Approximately $548 MillionDeclared 175th Consecutive Quarterly Cash Dividend: $1.27 Per Share. Projected Total Dividends Per Share for 2023 are Expected to Increase 7.2% as Compared to 2022Repaid $50 Million of Unsecured Debt at Maturity with a Fixed Interest Rate of 3.8%Repaid a Mortgage with a Principal Balance of Approximately $2 Million and a Fixed Interest Rate of 3.9%, Leaving No Remaining Secured Debt in the PortfolioRefinanced a $100 Million Senior Unsecured Term Loan with Five Years Remaining, Reducing the Effective Fixed Interest Rate by 45 Basis Points to 2.61%Sold 931,418 Shares of Common Stock Pursuant to the Company's Continuous Common Equity Offering Program at a Weighted Average Price of $177.14 Per Share for Aggregate Net Proceeds of Approximately $163 Million