JACKSON, MISSISSIPPI, October 27, 2020 – EastGroup Properties, Inc. (NYSE: EGP) (the “Company”, “we”, “us” or “EastGroup”) announced today the results of its operations for the three and nine months ended September 30, 2020.
Commenting on EastGroup’s performance, Marshall Loeb, CEO, stated, “Our team and portfolio performance continues to surpass our expectations. Third quarter was one of the strongest quarters in our Company’s history in spite of global turbulence. It is difficult to know when the markets will return to a sense of normalcy, but our sense is we are easing in that direction. And, on the other side of the pandemic, there are a number of reasons that leave us more optimistic about our opportunities than we even were pre-crisis. One result of the pandemic we foresee is the acceleration of a number of positive trends within our industry and markets.”