JACKSON, MISSISSIPPI, October 23, 2019 – EastGroup Properties, Inc. (NYSE: EGP) (the “Company”) announced today the results of its operations for the three and nine months ended September 30, 2019.
Commenting on EastGroup’s performance, Marshall Loeb, CEO, stated, “Our third quarter results are proof of the strength and depth of our team, the quality of our portfolio and the continued health within the broad industrial market. We are uniquely positioned to reap the benefits of a strong economy and the persistent growing evolution towards last mile logistics. The advancing shift for distribution to be closer to the consumer and ideally, a growing well-educated
consumer base is an affirmation of our in-fill, shallow bay, Sunbelt operating strategy.”