EastGroup Properties, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024
February 07, 2024 at 04:05 pm EST
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EastGroup Properties, Inc. provided earnings guidance for the first quarter and full year 2024. For the quarter, the company expects net income attributable to common stockholders to be in the range of $45,596,000 to $49,436,000 and diluted net income attributable to common stockholders to be in the range of $0.95 to $1.03.
For the year, the company expects net income attributable to common stockholders to be in the range of $198,871,000 to $208,589,000 and diluted net income attributable to common stockholders to be in the range of $4.09 to $4.29.
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 Companyâs 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.
EASTGROUP PROPERTIES, INC. 
