If you own shares in EastGroup Properties, Inc. (NYSE:EGP) then it's worth thinking about how it contributes to the...
EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today its recent financing activities. Today, EastGroup closed a $100 million senior unsecured term loan with a seven-year term and interest-only payments. It bears interest at the annual rate of LIBOR plus an applicable margin based on the Company's senior unsecured long-term debt rating. The Company also entered into an interest rate swap agreement to convert the loan's LIBOR component to a fixed interest rate, providing a total effective fixed interest rate of 2.39%.
Jackson, Mississippi-based EastGroup Properties Inc. (NYSE: EGP) expects to start on two, 100,000-square-foot buildings in its Horizon West Commerce Park, a 1.5 million-square-foot industrial distribution project near Walt Disney World, said Chris Segrest, managing director at EastGroup Properties. In total, EastGroup Properties owns 11.8 million square feet of space in Florida.
EastGroup Properties (NYSE:EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.75 per share payable on July 15, 2020 to shareholders of record of Common Stock on June 30, 2020. This dividend is the 162nd consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $3.00 per share. EastGroup has increased or maintained its dividend for 27 consecutive years. The Company has increased it 24 years over that period, including increases in each of the last eight years.
More Americans have been forced to order online as COVID-19 shutters retailers — which will translate to more industrial space needs in Central Florida, experts said.
EastGroup Properties (NYSE: EGP) announced today that it will hold its First Quarter Earnings Conference Call and Webcast on Friday, May 1, 2020 at 11:00 A.M. Eastern Time. On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will review the first quarter results and discuss EastGroup's current operations.
Central Florida is primed to welcome more business, thanks to this type of space being sought by major global corporations.
EGP earnings call for the period ending March 31, 2020.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does EastGroup Properties (EGP) have what it takes? Let's find out.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does EastGroup Properties (EGP) have what it takes? Let's find out.
EastGroup Properties, Inc. (NYSE:EGP) shareholders are probably feeling a little disappointed, since its shares fell...
Q1 2020 Eastgroup Properties Inc Earnings Call
EastGroup Properties (EGP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does EastGroup Properties (EGP) have what it takes? Let's find out.
EastGroup Properties (NYSE:EGP) (the "Company" or "EastGroup") hereby gives notice that due to the emerging public health impact of the coronavirus pandemic (COVID-19) and to support the health and well-being of the Company's shareholders and employees, the Company will change the format of its 2020 Annual Meeting of Shareholders (the "Annual Meeting") to be a virtual meeting format only. As previously announced, the Annual Meeting will take place at 9:00 a.m., Central Daylight Time on May 21, 2020.
It hasn't been the best quarter for EastGroup Properties, Inc. (NYSE:EGP) shareholders, since the share price has...
Rising construction costs — which have plagued Orlando-area development projects for years — may level off or even drop, thanks to the coronavirus pandemic. Of course, it may be too soon to tell, and some fear material costs may rise and wait times may increase if subcontractors start to halt operations.
EastGroup Properties (EGP) delivered FFO and revenue surprises of 1.55% and 0.74%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
EastGroup Properties (NYSE: EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.75 per share payable on April 15, 2020 to shareholders of record of Common Stock on March 31, 2020. This dividend is the 161st consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $3.00 per share. EastGroup has increased or maintained its dividend for 27 consecutive years. The Company has increased it 24 years over that period, including increases in each of the last eight years.