News & Events zu Eastgroup Properties Inc (EGP)EGPEastgroup Properties Inc

EastGroup Properties Raises Quarterly Dividend to $1.75

EastGroup Properties announced that its Board of Directors approved a 12.9% increase in its quarterly dividend, raising it to $1.75 per share from $1.55 per share. The dividend is payable on October 15 to shareholders of record of common stock on September 30.

Q2 Revenue at $193.33M, CEO Indicates Strong Market Demand

Reports Q2 revenue $193.33M, consensus $193.8M. CEO Marshall Loeb stated, "The team and the portfolio have performed ahead of expectations this year. The leasing environment has 'normalized' compared to the protracted decision making we experienced much of last year. Looking beyond the current environment, I remain bullish on the continuing external trends benefitting our shallow bay, last mile, high-growth market portfolio." Reid Dunbar, President, added, "Record leasing activity this quarter reflects the continued strength of demand across our markets and has enabled us to steadily increase our full-year development guidance, and we are now projecting $325M of starts for 2026. As we have said before, our developments are pulled by market demand, and the leasing progress we are seeing today supports both near-term execution and long-term value creation."