JACKSON, MISSISSIPPI, May 30, 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. 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.”