JACKSON,
Miss., March 7, 2025 /PRNewswire/ -- EastGroup
Properties (NYSE: EGP) (the "Company" or "EastGroup")
announced today that its Board of Directors declared a quarterly
cash dividend of $1.40 per share
payable on April 15, 2025, to
shareholders of record of Common Stock on March 31, 2025. This dividend is the
181st consecutive quarterly distribution to EastGroup's
shareholders and represents an annualized dividend rate of
$5.60 per share. EastGroup has
increased or maintained its dividend for 32 consecutive
years. The Company has increased it 29 years over that
period, including increases in each of the last 13 years.
EastGroup, 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 high-growth 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.
EastGroup's portfolio, including development projects and value-add
acquisitions in lease-up and under construction, currently includes
approximately 63.1 million square feet.
EastGroup Properties, Inc. press releases are available at
www.eastgroup.net.
Contact: investor@eastgroup.net
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SOURCE EastGroup Properties
