JACKSON, MISSISSIPPI, October 19, 2017 – EastGroup Properties, Inc. (NYSE: EGP) announced today the results of its operations for the three and nine months ended September 30, 2017.
Commenting on EastGroup’s performance, Marshall Loeb, CEO, stated, “Our third quarter results confirm the strength and the resilience we continue to see in the industrial market. Our in-fill Sunbelt high growth market strategy is further positioning us to capitalize on this strength. The 3.8% increase in quarterly FFO over the prior year represents the 25th increase in the past 26 quarters, truly a long-term trend. Other strong market indicators were finishing the quarter
97.4% leased, our highest level in over 10 years, along with record quarterly GAAP and cash re-leasing spreads.”