财务数据和关键指标变化 - 第三季度每股资金运营收益（FFO）为2.13美元，同比增长9.2%，不包括非自愿转换收益 [10][11] - 年初至今的现金同店净运营收入（NOI）增长5.9% [6] - 公司季度末租赁率为96.9%，平均季度租赁率为96.7% [6][7] 各条业务线数据和关键指标变化 - 同店NOI年初至今增长6.3% [6] - 租赁扩展的GAAP和现金分别为51%和35% [6] 各个市场数据和关键指标变化 - 公司在市场上的租金增长预期为4%至5% [29] - 达拉斯的建筑管道从7600万平方英尺降至1100万平方英尺，预计将导致供应紧缩 [29] 公司战略和发展方向和行业竞争 - 公司计划通过提高租金、收购和开发来创造价值 [7] - 预计2024年的开发启动将调整为2.3亿美元 [8] - 公司在收购方面的标准是立即增值和提高长期增长潜力 [8] 管理层对经营环境和未来前景的评论 - 管理层对未来经济改善持乐观态度，认为新供应的缺乏将有利于租金上涨 [7][9] - 管理层提到，尽管市场环境不确定，但公司依然保持高租赁率并推动租金 [13] 其他重要信息 - 公司在第三季度成功进行了两次租赁终止谈判，降低了管理费用 [10] - 公司的债务与EBITDA比率降至3.6倍，利息和固定费用覆盖率提高至11.6倍 [11] 问答环节所有提问和回答 问题: 关于收购的更多信息 - 公司正在进行三项收购，预计将于年底前完成，所有项目均为稳定资产，租金低于市场水平 [15][16] 问题: 经营环境的变化 - 管理层表示，尽管市场环境波动，但整体租赁情况有所改善，预计未来将有更好的表现 [20][22] 问题: 关于市场租金的看法 - 管理层认为，市场租金增长在4%至5%之间，未来可能会因供应紧缩而进一步上涨 [29] 问题: 开发和租赁活动的变化 - 租赁活动有所放缓，管理层预计2025年的租赁转换将逐步恢复 [31][32] 问题: 关于坏账的情况 - 坏账主要集中在加州的少数租户，整体收款情况良好，管理层对未来的坏账趋势持谨慎乐观态度 [38][46]

业绩总结 - 公司在2024年第三季度的建筑开工面积为3640万平方英尺，连续第五个季度低于6000万平方英尺[9] - 2024年第三季度同物业现金基础收入增长5.9%[15] - 每股稀释后FFO增长6.5%[15] - 截至2024年9月30日，租赁率为96.9%[15] - 公司在2024年第三季度的空置率为16%，较2023年第三季度的空置率有所上升[10] - 公司在2024年第三季度的租赁续约占总租赁的比例为24.2%，较前五个季度有所下降[9] 用户数据 - 截至2024年9月30日，公司的年化基础租金中，德克萨斯州占35%，佛罗里达州占25%，加利福尼亚州占17%[6] - 公司租赁收入中，75%来自于租赁面积在100,000平方英尺以下的租户[10] 市场表现 - 公司在2019年至2023年期间的市场加权平均GDP增长率为19%，高于美国平均水平的11%[6] - 公司在主要的阳光带市场中，强调在当地经济增长快于美国整体经济的地区进行投资[5] 未来展望 - 当前开发和增值项目包括12个市场的17个项目，预计总成本为5.28亿美元，涉及370万平方英尺的面积[13] 财务状况 - 截至2024年9月30日，固定利率债务为16亿美元，平均利率为3.35%[16] - 股东市场权益为92亿美元，普通股每股186.82美元[16] - 宣布连续第179次季度现金分红，每股1.40美元[16] - 过去32年中，分红已增加或维持不变[16] - 2024年9月30日的复合年总回报率为20.0%[16] 可持续性 - 2023年和2022年，符合可持续性绩效目标的建筑比例达标，利率边际降低1个基点[27]

EastGroup Properties (EGP) reported $162.88 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.2%. EPS of $2.13 for the same period compares to $1.07 a year ago.The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $161.94 million. With the consensus EPS estimate being $2.10, the EPS surprise was +1.43%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectation ...

EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $2.13 per share, beating the Zacks Consensus Estimate of $2.10 per share. This compares to FFO of $1.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.43%. A quarter ago, it was expected that this real estate investment trust would post FFO of $2.05 per share when it actually produced FFO of $2.05, delivering no surprise.Over the last four quarters ...

Exhibit 99.1 Contact: Marshall Loeb, President and CEO Brent Wood, CFO EastGroup Properties Announces(601) 354-3555 Third Quarter 2024 Results Third Quarter 2024 Highlights • Net Income Attributable to Common Stockholders of $1.13 Per Diluted Share for Third Quarter 2024 Compared to $1.07 Per Diluted Share for Third Quarter 2023 • Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.13 Per Share for Third Quarter 2024 Compared to $1.95 Per Share for T ...

Third Quarter 2024 HighlightsNet Income Attributable to Common Stockholders of $1.13 Per Diluted Share for Third Quarter 2024 Compared to $1.07 Per Diluted Share for Third Quarter 2023Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.13 Per Share for Third Quarter 2024 Compared to $1.95 Per Share for Third Quarter 2023, an Increase of 9.2%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increase ...

JACKSON, Miss., Oct. 1, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Third Quarter Earnings Conference Call and Webcast on Thursday, October 24, 2024, at 11:00 a.m. Eastern Time. On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will discuss the Company's third quarter results, current operations, and earnings outlook for 2024. EastGroup plans to release financial results for the quarter after the market closes on Octobe ...

EastGroup Properties (EGP) recently announced that it acquired Hays Commerce Center 3 & 4 in Austin for around $36 million in August. With this, the REIT's ownership in Austin reached around 1,756,000 square feet. Developed in 2022, this property, which comprised two industrial buildings totaling 179,000 square feet, is fully leased to five tenants. EastGroup's performance is a testament to its business acumen. As of Sept 4, 2024, the REIT's portfolio boasted a solid 97.0% lease rate and a 96.8% occupancy r ...

JACKSON, Miss., Sept. 5, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity. Commenting on the Company's activity, Marshall Loeb, CEO, stated, "We continue to be pleased by the resiliency of the Sunbelt, shallow bay industrial market. Our year to date results remain in line to slightly ahead of our forecast. Looking ahead, we are excited to see the market opportunities that will be created given the rapid declin ...

文章核心观点 - 公司宣布将季度股息提高10.2%,每股从1.27美元增加到1.40美元 [1] - 提高后的年度股息率为5.60美元,股息收益率为2.99% [2] - 公司连续13年提高股息,这是公司第179次向股东支付季度股息 [3] - 过去5年内公司股息增长率为15.88% [4] 公司概况 - 公司专注于在美国主要日光带市场开发、收购和运营工业物业 [5] - 公司运营组合的租赁率为97.4%,入住率为97.1% [6] - 公司的每股基金营运收益(FFO)表现良好,未来5年预计将以8.0%的速度增长 [7] - 公司的每股现金流为8.02美元,远高于行业平均水平1.69美元,ROE也高于行业平均水平 [8] 行业前景 - 电子商务的快速发展推动了对物流基础设施和高效配送网络的需求,促进了工业房地产市场的繁荣 [9] - 库存水平的上升也将长期推动工业房地产需求 [10] - 公司凭借提供现代物流设施的能力,有望从这一趋势中获益 [10] 总结 - 公司的高质量资产组合和稳定的现金流增长能力支撑了此次股息提高 [11][12] - 持续增加股息有助于提升投资者对公司的信心 [13] - 公司股价在过去3个月内上涨17.3%,优于行业19.2%的涨幅 [14]