2024-04-22 17:11:55 ET
Summary
- EastGroup Properties, Inc. has outperformed many industrial/logistics REITs due to upbeat remarks about the business and lower leverage.
- The company focuses on providing functional, flexible, and quality space in the Sunbelt states.
- EastGroup Properties has seen strong growth in rental revenues and has a high occupancy rate, but the valuation is still demanding.
Shares of EastGroup Properties, Inc. ( EGP ) have seen a small setback lately, although those shares have outperformed many industrial/logistics REITs. This relative outperformance is likely driven by upbeat comments of the business and lower leverage employed....
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EastGroup Properties: A Fully Valued Industrial Sunbelt Play