JACKSON, MISSISSIPPI, July 24, 2019 – EastGroup Properties, Inc. (NYSE: EGP) (the “Company”) announced today the results of its operations for the three and six months ended June 30, 2019.
Commenting on EastGroup’s performance, Marshall Loeb, CEO, stated, “We believe our second quarter results are proof of the strength and depth of our team, the quality of our portfolio and the continued health within the broad industrial market. We are well positioned to reap the benefits of a strong economy and the persistent growing evolution within the last mile logistics market. The advancing shift for distribution to be closer to the consumer, and ideally a
growing consumer base, affirms our in-fill, shallow bay, Sunbelt operating strategy.”