Detail akcie EastGroup Prop online

Business Summary: EastGroup Properties, Inc. is an internally managed equity real estate investment trust (REIT). The Company is focused on the development, acquisition and operation of industrial properties in Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina. The Company owns approximately 510 industrial properties in 12 states. The Company’s portfolio includes development projects and value-add properties in lease-up and under construction, including approximately 59.2 million square feet consisting of 470 business distribution properties containing 53.9 million square feet. It also has 17 bulk distribution properties containing 4.4 million square feet, and 23 business service properties containing 900,000 square feet.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Eastgroup Properties Inc revenues increased 17% to $570.6M. Net income increased 8% to $200.5M. Revenues reflect NAREIT FFO - Per Share - Diluted - Total increase of 11% to $7.79, Other revenue increase from $208K to $4.4M. Net income was partially offset by Gain on sales of real estate investments decrease of 56% to $18M (income), Depreciation - Investment Property increase of 13% to $141M (expense).