Summary
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.8 million square feet.
History
EastGroup Properties was founded in 1969 and became a public company in 1994. Over the past 45 years, the company has acquired and developed a portfolio of numerous industrial and distribution facilities.
Mission
To give our shareholders and stakeholders a total return that is above the average yield available in the market, while demonstrating principled and innovative real estate business practices that continually improve the operational efficiency of EastGroup.
Vision
To be a leader in the U.S. industrial REIT sector and the benchmark for industrial and flex property service, development and development partnerships.
Key Team
Mr. R. Reid Dunbar (Sr. VP & Head of Texas Region)
Ms. Staci H. Tyler CPA (Sr. VP, Chief Accounting Officer & Sec.)
Mr. Ryan M. Collins (Sr. VP & Head of Western Region)
Mr. Brian Laird CPA (Chief Information Officer & VP)
Ms. Wendi Powers (Investor Relations)
Shelby Trusty (Director of HR)
Mr. Chris Segrest (Managing Director of Florida)
Recognition and Awards
EastGroup was awarded Real Estate Investment Trust of the Year at the 2019 Real Estate Connect Conference. The company has also been included on the S&P SmallCap 600 for 21 consecutive years.
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