| Market Capitalization (Millions $) |
10,682 |
| Shares
Outstanding (Millions) |
54 |
| Employees |
104 |
| Revenues (TTM) (Millions $) |
737 |
| Net Income (TTM) (Millions $) |
293 |
| Cash Flow (TTM) (Millions $) |
11 |
| Capital Exp. (TTM) (Millions $) |
564 |
Business Description
Eastgroup Properties Inc. is a real estate investment trust (REIT) that specializes in the ownership, acquisition, development, and operation of industrial properties in high-growth markets throughout the United States. Eastgroup Properties Inc. was founded in 1968 and is headquartered in Ridgeland, Mississippi.
Eastgroup Properties Inc. owns and operates over 40 million square feet of industrial properties across 14 states that are primarily located in the Sunbelt region of the United States. The company focuses on markets with strong economic and demographic trends, such as Houston, Dallas, Atlanta, Phoenix, and Tampa.
The company's portfolio consists of primarily single-tenant, multi-tenant, and industrial business parks that serve a wide variety of tenants from different industries, including technology, logistics, distribution, and manufacturing. The company's properties are typically Class A industrial properties that are well-located and well-maintained, providing a safe and secure environment for its tenants.
Eastgroup Properties Inc. has a strong track record of growth, both organically and through acquisitions. The company prides itself on its disciplined approach to acquisitions, which has allowed it to maintain a conservative balance sheet and a strong financial position.
Eastgroup Properties Inc. is committed to sustainable development practices and has implemented several initiatives to reduce its environmental footprint. The company has been recognized for its sustainability efforts by various organizations, including the National Association of Real Estate Investment Trusts and the U.S. Green Building Council.
Eastgroup Properties Inc. is led by an experienced management team that has a deep knowledge of the industrial real estate market. The company has a strong culture of accountability, transparency, and collaboration, which has contributed to its long-term success.
In summary, Eastgroup Properties Inc. is a leading industrial real estate investment trust that specializes in owning and operating high-quality industrial properties in high-growth markets across the United States. With a strong track record of growth, commitment to sustainability, and experienced management team, Eastgroup Properties Inc. is well-positioned to continue delivering value to its stakeholders in the years to come.
Company Address: 400 W Parkway Place Ridgeland, 39157 MS
Company Phone Number: 354-3555 Stock Exchange / Ticker: NYSE EGP
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3.35%