EastGroup Properties Declares 182nd Consecutive Quarterly Dividend for Shareholders

EastGroup Properties Announces 182nd Consecutive Quarterly Cash Dividend

On May 22, 2025, EastGroup Properties, Inc. (NYSE: EGP) made headlines with the announcement of its latest quarterly cash dividend, which will be set at $1.40 per share. This marks a significant milestone as it represents the Company's 182nd consecutive dividend distribution to its shareholders. The upcoming dividend will be payable on July 15, 2025, to those shareholders who hold Common Stock as of June 30, 2025.

EastGroup Properties has shown unwavering dedication to its shareholders, maintaining or increasing its dividend for an impressive 32 consecutive years. In fact, over this duration, dividends have increased a remarkable 29 times, including a consistent rise for the past 13 years. This consistent performance underscores the Company’s commitment to providing substantial returns to its investors and reflects its strong operational health.

About EastGroup Properties, Inc.

EastGroup Properties, headquartered in Jackson, Mississippi, operates as a self-administered equity real estate investment trust (REIT) specializing in the development, acquisition, and management of industrial properties across high-growth markets in the United States. The Company primarily focuses on states known for their economic vibrance and growth potential, such as Texas, Florida, California, Arizona, and North Carolina.

Broadening its perspective, EastGroup is committed to maximizing shareholder value by providing top-quality and functional business distribution space tailored for customers whose needs are sensitive to location. The targeted space ranges typically from 20,000 to 100,000 square feet, which is conducive to a variety of warehouse and distribution operations.

The strategic growth plan of EastGroup is layered on owning premier distribution facilities that are typically situated close to key transportation infrastructures in supply-constrained submarkets. This concentrated approach enables the Company to better serve its clients and addresses the rapidly growing demands in e-commerce and logistics.

As of now, EastGroup Properties’ portfolio, including various development projects and strategic acquisitions currently in lease-up and construction phases, spans approximately 63.1 million square feet. The Company continues to enhance its portfolio through a disciplined and calculated growth strategy, ensuring that it remains competitive and well-positioned in the ever-evolving real estate landscape.

In the real estate sector, consistent dividends and shareholder returns represent not only financial stability but also the underlying health of the company’s operations. EastGroup's ongoing success and dividend record further instill confidence among investors, showcasing its resilience even in fluctuating market conditions. Investors keen on real estate and dividends will find EastGroup Properties an attractive option as it strives to maintain its trajectory of growth and reliable income streams for shareholders.

For further information, press releases, and updates, stakeholders can visit EastGroup's official website.