JACKSON, MISSISSIPPI, April 22, 2019 – EastGroup Properties, Inc. (NYSE: EGP) (the “Company”) announced today the results of its operations for the three months ended March 31, 2019.
Commenting on EastGroup’s performance, Marshall Loeb, CEO, stated, “Our first quarter results demonstrate the strength and depth of our team, the quality of our portfolio and the continued health within the broad industrial market. We are reaping the rewards from both a strong economy and the persistent favorable evolution within the last mile logistics market. The advancing shift for distribution to be closer to the consumer and ideally, a growing consumer base is an affirmation of our in-fill, shallow bay, Sunbelt operating strategy.”