EastGroup’s profits soar due to warehouse deal
by Associated Press Published: February 13,2013
Tags: distribution, industrial e, real estate, sale, sell, warehouse, wealth redistribution
JACKSON — EastGroup Properties’ profit nearly doubled in the fourth quarter thanks to the sale of an Oklahoma warehouse. The real estate investment trust said Tuesday that quarterly profit rose to $12.2 million, or 41 cents per share. That’s up from $6.4 million, or 24 cents per share, in 2011′s fourth quarter. For all of [...] [...]
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