EastGroup Properties

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EastGroup Properties Announces Fourth Quarter and Year 2017 Results

January 31st, 2018

JACKSON, MISSISSIPPI, January 31, 2018 – EastGroup Properties, Inc. (NYSE: EGP) announced today the results of its operations for the three and twelve months ended December 31, 2017. Commenting on EastGroup’s performance, Marshall Loeb, CEO, stated, “Our fourth quarter results are a testament to the strength and resilience we are seeing across the industrial market. Our in-fill Sunbelt high growth market strategy is further positioning us to capitalize on the opportunity. The 5.6% increase in quarterly FFO over prior year represents the 26th increase in the past 27 quarters, truly a long-term trend. Other indicators of the strong market and our solid performance include being 97.0% leased, over 5% same store PNOI growth, and over 15% re-leasing spreads.”

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