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.

Performance Details

Previous trading day’s Close
$139.94
Current high for the day
$136.42
Current low for the day
$131.28
Day's Volume
159
30 days average volume
0
Market Cap
$0.00
52-week high
$153.26
52-week low
$83.40
Last paid dividend value
$0.66
Dividend Yield
2.33%
Previous quarter FFO
$218.02mil

Last updated: Mar. 5 2021

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Nareit Coverage

Names to Note: September/October 2020

Sarah Borchersen-Keto

Portrait of Sarah Borchersen-Keto

Sarah Borchersen-Keto is Nareit’s editorial director and writes extensively for Nareit’s website and award-winning magazine, REIT: Real Estate Investment Today, and Nareit's website.

Names to Note

People making news in the REIT and publicly traded real estate industry.

Agree Realty Corp. (NYSE: ADC) appointed Craig Erlich as chief investment officer and named Mike Hollman to its board of directors. Erlich previously served on Agree’s board of directors as lead independent director.

Alexander & Baldwin, Inc. (NYSEMKT: ALEX) announced that current chairman Stan Kuriyama, who previously served as CEO from 2010-2015, will retire from the board of directors, effective Sept. 30. Eric Yeaman, who has served as an independent director since 2012, has been named his successor as chairman. The company has also appointed John Leong as an independent director.

Alexandria Real Estate Equities, Inc. (NYSE: ARE) said Jennifer Banks, co-COO, general counsel, and corporate secretary, resigned. Banks had been with the company in various legal positions since 2002. The company also elected Jackie Clem as general counsel and secretary. Clem served as SVP-real estate legal affairs and assistant secretary since 2015 and has been with the company since 2006. Meanwhile, Joseph Hakman was named as co-COO and chief strategic transactions officer. Hakman has served as chief strategic transactions officer since June 2019.

Ric Campo, chairman and CEO of Camden Property Trust (NYSE: CPT) was honored as one of Houston Business Journal’s Most Admired CEOs of 2020.

EastGroup Properties, Inc. (NYSE: EGP) named Katherine Sandstrom to its board of directors. As an independent director, she will serve as a member of the audit committee. Sandstrom formerly served as senior managing director and global head of Heitman LLC’s Public Real Estate Securities business.

EastGroup also appointed Staci Tyler its SVP and chief accounting officer upon the retirement of Bruce Corkern, who had served in that capacity since 2000. Since joining EastGroup in 2007, Tyler has served in several roles at the company, most recently as VP and controller.

Essential Properties Realty Trust, Inc. (NYSE: EPRT) announced the appointment of Mark Patten as an EVP, CFO, and treasurer. Patten has been an SVP and the CFO of CTO Realty Growth, Inc., previously known as Consolidated-Tomoka Land Co., and also an SVP and the CFO and treasurer of Alpine Income Property Trust, Inc.

Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) said Steven Snyder stepped down as SVP and CFO.

Gerald Hines, founder and chairman of the international real estate firm Hines passed away peacefully at home on Aug. 23 at the age of 95. Hines founded his namesake firm in Houston in 1957 and today it is active in 225 cities in 25 countries.

Mack-Cali Realty Corp. (NYSE: CLI) appointed board chair MaryAnne Gilmartin as interim CEO. Gilmartin succeeds Michael DeMarco. The board has formed a committee to oversee the search for a permanent CEO.

In addition, the board named Tammy Jones as lead independent director. Jones has over 25 years of real estate experience and has dedicated her professional career to the advancement of ethnic and gender diversity in leadership positions in the real estate sector.

PS Business Parks, Inc. (NYSE: PSB) announced that Maria Hawthorne retired as president and CEO on Sept. 1. Hawthorne has been on medical leave of absence due to health issues unrelated to COVID-19 since April 20. She will continue to serve on the board of directors. Hawthorne served as CEO and president since July 2016 and August 2015, respectively. John Petersen, interim president and CEO and COO, is continuing in his role as interim president and CEO.

Public Storage (NYSE: PSA) appointed Natalia Johnson, the current chief human resources officer, as the company’s chief administrative officer. In her expanded role, Johnson will be responsible for overseeing human resources, information technology, and safety and security.

Corporate Information

Nareit member since
1986
Address

400 W. Parkway Place
Suite 100
Ridgeland, MS 39157
United States

Company Contacts
Marshall A. Loeb
President & CEO
Brent W. Wood
CFO