EastGroup Properties Declares Substantial Dividend Increase for Shareholders

EastGroup Properties Declares Dividend Increase

EastGroup Properties, Inc., recognized under the NYSE ticker EGP, has announced a remarkable increase in its quarterly dividend. The decision made by the Board of Directors stipulates a raise of 10.7%, increasing the dividend from $1.40 to $1.55 per share. This dividend, which reflects EastGroup's ongoing success, will be distributed to shareholders of record on September 30, 2025, with payments commencing on October 15, 2025.

This announcement is significant as it marks the 183rd consecutive quarterly cash distribution to shareholders. It also represents an impressive annualized dividend rate of $6.20 per share. EastGroup has made a name for itself in the financial sector, having either increased or maintained its dividend over the past 33 years, with 30 of those years reflecting increases, including a steady rise over the last 14 years in a row.

About EastGroup Properties, Inc.

EastGroup Properties, Inc. is a prominent self-administered equity real estate investment trust (REIT) that specializes in developing, acquiring, and managing industrial properties. With a strategic focus on high-growth markets throughout the United States, EastGroup puts particular emphasis on states like Texas, Florida, California, Arizona, and North Carolina. The company seeks to optimize shareholder value by offering flexible, functional, and high-quality business distribution spaces to location-sensitive customers, particularly in the range of 20,000 to 100,000 square feet.

EastGroup's growth strategy is centered on owning premium distribution facilities, often clustered near critical transportation hubs in supply-constrained submarkets. This innovative approach has allowed the company to build a substantial portfolio that currently encompasses approximately 63.9 million square feet, including both development projects and value-add acquisitions still in progress or lease-up.

The company's consistent commitment to its shareholders and market clients stands out. EastGroup aims to set itself apart as a leader within its markets, ensuring a significant presence in sectors reliant on effective distribution and logistics.

Maintaining a Commitment to Shareholders

This latest dividend increase is not just a reflection of EastGroup's financial health but also underscores the company's long-term strategy for growth. By rewarding its shareholders consistently over the decades, EastGroup enhances its reputation and fosters trust. This becomes especially important during challenges in economic times where reliable investment returns become paramount.

Furthermore, this dividend commitment reflects EastGroup's robust operational strategy. By continually investing in logistics-oriented properties, they cater to the increasing demand for efficient distribution capabilities in an ever-evolving market landscape.

Future Prospects

Looking ahead, EastGroup's focus remains on strategic acquisitions and developments that align with market growth. The company continues to identify opportunities that promise sustainability and profitability in their investment approaches. With a solidified position within the industrial sector, EastGroup's trajectory seems poised for growth, enhancing both shareholder value and its influential market role.

For those interested in following the progress of EastGroup Properties, Inc., their press releases and updates are readily available on their website at www.eastgroup.net. As the company continues to thrive and innovate, they remain a noteworthy investment option for those looking to engage with real estate ventures in the current market landscape.