JACKSON, MISSISSIPPI, September 5, 2024 — 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.”