EGP - Eastgroup Properties Inc.

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EGP Profile

EastGroup Properties, Inc. (NYSE: EGP), a constituent of the S&P MidCap 400 index, operates as a self-administered equity real estate investment trust specializing in industrial properties across key Sunbelt markets in the United States. With a strategic focus on states such as Florida, Texas, Arizona, California, and North Carolina, EastGroup aims to enhance shareholder value by offering high-quality, adaptable business distribution spaces tailored to location-sensitive customers, typically ranging from 15,000 to 70,000 square feet. Central to its growth strategy is the ownership of prime distribution facilities strategically positioned near major transportation hubs in supply-constrained submarkets.

EastGroup Properties maintains a diverse portfolio comprising approximately 45.8 million square feet, encompassing both established properties and ongoing development projects. The company actively pursues value-add acquisitions and developments in lease-up or under construction phases, augmenting its footprint in dynamic and high-demand industrial markets. This approach not only strengthens EastGroup's market presence but also underscores its commitment to providing functional and flexible real estate solutions that cater to evolving business needs.

Listed on the New York Stock Exchange under the ticker symbol EGP, EastGroup Properties is recognized for its strategic investment in properties that align with the logistical requirements of a broad spectrum of tenants, including those in e-commerce, logistics, and manufacturing sectors. By leveraging its expertise in property management and market intelligence, EastGroup continues to position itself as a preferred partner for businesses seeking reliable and efficient distribution solutions in key growth markets across the Sunbelt region.

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