JACKSON, MISSISSIPPI, February 6, 2019 – EastGroup Properties, Inc. (NYSE: EGP) (the “Company”) announced today the results of its operations for the three and twelve months ended December 31, 2018.
Commenting on EastGroup’s performance, Marshall Loeb, CEO, stated, “Our strong fourth quarter and full year results are a reflection of the strength and depth of our team, the quality of our portfolio and the health and vitality of the broad industrial market. We continue to reap the rewards of a strong economy and the favorable evolution within the last mile logistics market. The advancing shift for distribution to be closer to the consumer is an affirmation of our in-fill, shallow bay, Sunbelt operating strategy.”