EastGroup Acquires Atlanta Property, Sees Healthy Leasing Activity [Yahoo! Finance]
EastGroup Properties, Inc. (EGP)
Last eastgroup properties, inc. earnings: 4/30 04:05 pm
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Source: Yahoo! Finance
With this, the REIT's ownership in Atlanta reached around 2,246,000 square feet, with 98.1% being leased. Developed in 2020, this property, which comprised three industrial buildings totaling 779,000 square feet, is fully leased to six tenants. EGP's expansion efforts in the resilient Sunbelt, shallow bay industrial market seem a strategic fit. In November, EGP is also slated to close on a property in the Dallas market, consisting of four fully leased industrial buildings, for roughly $77 million. In October, the company purchased roughly 26 acres of development land, referred to as Station 24 Commerce Center Land, in the Nashville market for around $10.1 million. The site is planned to support the future construction of four buildings, aggregating roughly 350,000 square feet. EastGroup's performance is a testament to its business acumen. As of Nov. 13, 2024, the REIT's portfolio boasted a solid 96.3% lease rate and a 95.7% occupancy rate. The company achieved substantial increase
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EGP
News
- PINE or EGP: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- EastGroup Properties Announces Recent Business Activity and Participation in Upcoming ConferencesPR Newswire
- EastGroup Properties, Inc. (NYSE: EGP) had its price target lowered by analysts at Truist Financial Co. from $190.00 to $186.00. They now have a "hold" rating on the stock.MarketBeat
- EastGroup Properties, Inc. (NYSE: EGP) had its price target lowered by analysts at Wells Fargo & Company from $214.00 to $199.00. They now have an "overweight" rating on the stock.MarketBeat
- PINE vs. EGP: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
EGP
Earnings
- 10/23/24 - Beat
EGP
Sec Filings
- 11/8/24 - Form SC
- 10/25/24 - Form 8-K
- 10/25/24 - Form 424B5
- EGP's page on the SEC website