Earnings ·
EastGroup Reports Q3 EPS of $1.46 and Raises Dividend to $1.75 Per Share
EGPEastgroup Properties Inc
EastGroup Properties reported third-quarter diluted earnings per share of $1.46, up from $1.26 in the prior year period. Funds from operations were $2.45 per diluted share, a 7.9% increase over last year. The company raised its quarterly cash dividend by $0.20 to $1.75 per share, marking the 187th consecutive quarterly distribution and the 31st consecutive annual increase. EastGroup operates as a self-administered equity real estate investment trust focused on the development, acquisition, and operation of industrial properties in high-growth U.S. markets.