Eastgroup Properties, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 27, 2021 at 04:05 pm EDT
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EastGroup Properties, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 99.575 million compared to USD 89.715 million a year ago. Net income was USD 27.558 million compared to USD 23.484 million a year ago. For the half year, total revenue was USD 197.506 million compared to USD 178.343 million a year ago. Net income was USD 54.897 million compared to USD 46.781 million a year ago.
EastGroup Properties, Inc. is an internally managed equity real estate investment trust (REIT). The Company is focused on the development, acquisition and operation of industrial properties in Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina. The Company owns approximately 510 industrial properties in 12 states. The Companyâs portfolio includes development projects and value-add properties in lease-up and under construction, including approximately 59.2 million square feet consisting of 470 business distribution properties containing 53.9 million square feet. It also has 17 bulk distribution properties containing 4.4 million square feet, and 23 business service properties containing 900,000 square feet.
EASTGROUP PROPERTIES, INC. 
