JACKSON, MISSISSIPPI, July 25, 2017 – EastGroup Properties, Inc. (NYSE: EGP) announced today the results of its operations for the three and six months ended June 30, 2017.
Commenting on EastGroup’s performance, Marshall Loeb, CEO, stated, “Second quarter results were a confirmation of our long term strategy. Our 6.1% increase in quarterly FFO means that we’ve now achieved FFO per share growth in 24 of the past 25 quarters, truly a long term trend. Our record leasing volume in the first half of the year, coupled with GAAP re-leasing spreads of 16% year-to-date and 14% for the quarter are also indicative of the market’s strength.”