Quarter Highlights

Net Income Attributable to Common Stockholders of $1.14 Per Diluted Share for First Quarter 2025 Compared to $1.22 Per Diluted Share for First Quarter 2024 (Gains on Sales of Real Estate Investments Were $9 Million, or $0.18 Per Diluted Share, in First Quarter 2024; There Were No Sales in First Quarter 2025)Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.12 Per Diluted Share for First Quarter 2025 Compared to $1.98 Per Diluted Share for First Quarter 2024, an Increase of 7.1%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 5.3% on a Straight-Line Basis and 5.2% on a Cash Basis for First Quarter 2025 Compared to the Same Period in 2024 Operating Portfolio was 97.3% Leased and 96.5% Occupied as of March 31, 2025; Average Occupancy of Operating Portfolio was 95.8% for First Quarter 2025 as Compared to 97.5% for First Quarter 2024Rental Rates on New and Renewal Leases Increased an Average of 46.9% on a Straight-Line BasisSigned 30% More Square Feet of Operating Portfolio Leases in First Quarter 2025 as Compared to the Same Period in 2024Transferred Two Development Projects Containing 375,000 Square Feet to the Operating PortfolioSigned 10 Leases on Development Projects From January 1, 2025 through April 22, 2025, Totaling Approximately 414,000 Square Feet

JACKSON, Miss., April 1, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "our", "us" or "EastGroup") announced today a coalition of industrial real estate investment trusts – EastGroup, First Industrial Realty Trust, Inc., Prologis, Inc., and STAG Industrial, Inc. (collectively, the "Industrial REIT Group") – has updated its standardized methodology for calculating key non-GAAP property metrics to improve comparability across the sector.

JACKSON, Miss., March 25, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its First Quarter 2025 Earnings Conference Call and Webcast on Thursday, April 24, 2025, 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 2025. 

JACKSON, Miss., March 7, 2025 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company" or "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.40 per share payable on April 15, 2025, to shareholders of record of Common Stock on March 31, 2025.  This dividend is the 181st consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.60 per share.  EastGroup has increased or maintained its dividend for 32 consecutive years.  The Company has increased it 29 years over that period, including increases in each of the last 13 years.

JACKSON, Miss., Feb. 28, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "our", "us" or "EastGroup") announced today its recent business activity.

As of February 27, 2025, EastGroup's portfolio was 97.1% leased and 95.8% occupied. During the first quarter of 2025 to date, 1,438,000 square feet of new and renewal leases were signed with rental rate increases averaging 45.0% on a straight-line basis and 30.9% on a cash basis.

Fourth Quarter 2024 Highlights

Net Income Attributable to Common Stockholders of $1.16 Per Diluted Share for Fourth Quarter 2024 Compared to $1.35 Per Diluted Share for Fourth Quarter 2023 (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 2024)Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.15 Per Diluted Share for Fourth Quarter 2024 Compared to $2.03 Per Diluted Share for Fourth Quarter 2023, an Increase of 5.9%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 3.6% on a Straight-Line Basis and 3.4% on a Cash Basis for Fourth Quarter 2024 Compared to the Same Period in 2023Operating Portfolio was 97.1% Leased and 96.1% Occupied as of December 31, 2024; Average Occupancy of Operating Portfolio was 95.8% for Fourth Quarter 2024 as Compared to 98.1% for Fourth Quarter 2023Rental Rates on New and Renewal Leases Increased an Average of 46.6% on a Straight-Line BasisAcquired Three Operating Properties Containing 1,790,000 Square Feet and 26.8 Acres of Development Land for Approximately $257 MillionStarted Construction of Five Development Projects Totaling 802,000 Square Feet with Projected Total Costs of Approximately $125 MillionTransferred One Development Project Containing 357,000 Square Feet to the Operating Portfolio

JACKSON, Miss., Jan. 27, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today the income tax treatment of its 2024 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. 7, 2025 /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 Friday, February 7, 2025, 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 2025. 

JACKSON, Miss., Dec. 30, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity.

In November, EastGroup acquired DFW Global Logistics Centre 5-8, four multi-tenant business distribution buildings totaling 492,000 square feet, for approximately $76,000,000. These buildings, which are 100% leased to 13 tenants, are located adjacent to the Company's DFW Global Logistics Centre 1-4 buildings near the Dallas-Fort Worth Airport. This acquisition increased the Company's ownership of properties in the DFW Airport submarket to approximately 2,679,000 square feet, which is currently 99.3% leased.

JACKSON, Miss., Dec. 2, 2024 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.40 per share payable on January 15, 2025, to shareholders of record of Common Stock on December 31, 2024. This dividend is the 180th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.60 per share. EastGroup has increased or maintained its dividend for 32 consecutive years. The Company has increased it 29 years over that period, including increases in each of the last 13 years.

JACKSON, Miss., Nov. 14, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity.

In November, EastGroup acquired Riverpoint Industrial Park, which contains three industrial buildings totaling 779,000 square feet in Atlanta, for approximately $88,000,000. This property was developed in 2020 and is 100% leased to six tenants. This acquisition increased the Company's ownership of operating properties in Atlanta to approximately 2,246,000 square feet, which is currently 98.1% leased.

Third Quarter 2024 Highlights

Net Income Attributable to Common Stockholders of $1.13 Per Diluted Share for Third Quarter 2024 Compared to $1.07 Per Diluted Share for Third Quarter 2023Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.13 Per Share for Third Quarter 2024 Compared to $1.95 Per Share for Third Quarter 2023, an Increase of 9.2%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 5.5% on a Straight-Line Basis and 5.9% on a Cash Basis for Third Quarter 2024 Compared to the Same Period in 2023Operating Portfolio was 96.9% Leased and 96.5% Occupied as of September 30, 2024; Average Occupancy of Operating Portfolio was 96.7% for Third Quarter 2024 as Compared to 97.7% for Third Quarter 2023Rental Rates on New and Renewal Leases Increased an Average of 50.9% on a Straight-Line BasisAcquired an Operating Property Containing 179,000 Square Feet for Approximately $36 MillionStarted Construction of Two Development Projects Totaling 310,000 Square Feet with Projected Total Costs of Approximately $40 MillionTransferred Three Development Projects, which Contain 735,000 Square Feet to the Operating Portfolio

JACKSON, Miss., Oct. 1, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Third Quarter Earnings Conference Call and Webcast on Thursday, October 24, 2024, at 11:00 a.m. Eastern Time.  On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will discuss the Company's third quarter results, current operations, and earnings outlook for 2024. 

JACKSON, Miss., Sept. 5, 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 continue to be pleased by the resiliency of the Sunbelt, shallow bay industrial market. Our year to date results remain in line to slightly ahead of our forecast. Looking ahead, we are excited to see the market opportunities that will be created given the rapid decline in the industrial construction pipeline along with slowly improving tenant demand. To take advantage of the potential opportunities, we continue to improve the strength and flexibility of our balance sheet."

JACKSON, Miss., Aug. 23, 2024 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors approved a 10.2% increase in its quarterly dividend, raising it to $1.40 per share from $1.27 per share.  The dividend is payable on October 15, 2024, to shareholders of record of Common Stock on September 30, 2024.  This dividend is the 179th consecutive quarterly cash distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.60 per share.  EastGroup has increased or maintained its dividend for 32 consecutive years.  The Company has increased it 29 years over that period, including increases in each of the last 13 years.

Second Quarter 2024 Highlights

Net Income Attributable to Common Stockholders of $1.14 Per Diluted Share for Second Quarter 2024 Compared to $0.97 Per Diluted Share for Second Quarter 2023 Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.05 Per Share for Second Quarter 2024 Compared to $1.89 Per Share for Second Quarter 2023, an Increase of 8.5% Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 5.3% Both on a Straight-Line Basis and on a Cash Basis for Second Quarter 2024 Compared to the Same Period in 2023 Operating Portfolio was 97.4% Leased and 97.1% Occupied as of June 30, 2024; Average Occupancy of Operating Portfolio was 97.0% for Second Quarter 2024 as Compared to 98.1% for Second Quarter 2023 Rental Rates on New and Renewal Leases Increased an Average of 59.7% on a Straight-Line Basis Entered Raleigh Market with Acquisition of One Operating Property Containing 274,000 Square Feet for Approximately $53 Million Started Construction on a Development Project Totaling 85,000 Square Feet with Projected Total Costs of Approximately $13 Million Transferred Two Development Projects, which Contain 294,000 Square Feet to the Operating Portfolio

JACKSON, Miss., July 1, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Second Quarter Earnings Conference Call and Webcast on Wednesday, July 24, 2024, at 11:00 a.m. Eastern Time.  On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will discuss the Company's second quarter results, current operations, and earnings outlook for 2024. 

JACKSON, Miss., May 30, 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 continue to be pleased by the resiliency of the Sunbelt, shallow bay industrial market. The trends we saw during the first quarter are carrying over to date. Meanwhile, given the volatility and uncertainty in the capital markets, we continue to opportunistically improve the strength and flexibility of our balance sheet, which allows us to take advantage of any market opportunities that arise."

JACKSON, Miss., May 23, 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 July 15, 2024, to shareholders of record of Common Stock on June 28, 2024. This dividend is the 178th 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.

First Quarter 2024 Highlights

Net Income Attributable to Common Stockholders of $1.22 Per Diluted Share for First Quarter 2024 Compared to $1.02 Per Diluted Share for First Quarter 2023Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $1.98 Per Share for First Quarter 2024 Compared to $1.82 Per Share for First Quarter 2023, an Increase of 8.8%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 4.9% on a Straight-Line Basis and 7.7% on a Cash Basis for First Quarter 2024 Compared to the Same Period in 2023Operating Portfolio was 98.0% Leased and 97.7% Occupied as of March 31, 2024; Average Occupancy of Operating Portfolio was 97.5% for First Quarter 2024 as Compared to 98.1% for First Quarter 2023Rental Rates on New and Renewal Leases Increased an Average of 57.8% on a Straight-Line BasisAcquired One Operating Property Containing 231,000 Square Feet for Approximately $55 MillionAcquired 34.3 Acres of Development Land for Approximately $3 MillionStarted Construction of Two Development Projects Totaling 388,000 Square Feet with Projected Total Costs of Approximately $52 MillionTransferred One Development Project, which Contains 133,000 Square Feet and is 100% Leased, to the Operating PortfolioSold a Portfolio of Operating Properties in the Jackson, MS Market Totaling 159,000 Square Feet for Approximately $14 Million (Gains of $9 Million Not Included in FFO)