EastGroup Properties, Inc.
EGP
$176.09
-$0.06-0.03%
Corporate Info
Website
Phone Number
601 354 3555
Address
400 W. Parkway Place
Suite 100
Ridgeland, MS 39157-6005
Suite 100
Ridgeland, MS 39157-6005
Country
United States
Year Founded
1969
Details
Sector
Real Estate
Industry
Equity Real Estate Investment Trusts (REITs)
Employees
101
Business Decription
EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 63.1 million square feet.