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Tag Archives: EastGroup

On-demand-retail adding new niche for EastGroup

By TED CARTER A warehouse distribution model Jackson’s EastGroup Properties conceived nearly 20 years ago has found itself well situated to benefit from today’s “must-have-it-now” retail demand. “People want stuff and they want it quick,” said Leland Speed, the soon-to-retire founder and chairman of the real estate investment trust, or REIT. He opened the doors of the public held company in ...

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Transitions ahead for EastGroup’s Speed, Hoster

By TED CARTER Leland Speed, a Jackson real estate icon who sold his first piece of raw dirt at 18 and never looked back, is stepping away from leadership of EastGroup Properties, the real estate investment trust he created nearly 40 years ago. The Jan. 1 chairmanship handoff will go to David H. Hoster II, who joined EastGroup Properties 32 years ...

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EastGroup makes ‘trustworthy’ list again

By LISA MONTI  EastGroup Properties Inc. of Jackson has once again earned a spot among Forbes Magazine’s 100 Most Trustworthy Companies in America. EastGroup, a self-administered equity real estate investment trust that focuses on industrial properties in major Sunbelt markets, also made the list in 2010 and 2012. The annual list is produced by MSCI ESG Research which screened more ...

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EastGroup Properties' profit rises in first quarter of 2012

JACKSON — EastGroup Properties’ profit rose in the first quarter, but not as much as analysts expected. The real estate investment trust said Thursday that quarterly profit rose to $5.4 million, or 20 cents per share. That’s up 13 percent from $4.8 million, or 18 cents per share, in year-ago quarter. Analysts polled by FactSet had predicted 23 cents per ...

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Jackson's EastGroup an entity all its own

While Parkway Properties is shifting its operations to Orlando and selling off nearly all its Jackson office properties, a company often incorrectly thought of as a cousin to Parkway – EastGroup Properties – is staying put in Mississippi’s capital. EastGroup CEO David H. Hoster II says the only reason his company and Parkway are believed to be joined at the ...

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EastGroup an entity all its own

While Parkway Properties is shifting its operations to Orlando and selling off nearly all its Jackson office properties, a company often incorrectly thought of as a cousin to Parkway — EastGroup Properties — is staying put in Mississippi’s capital. EastGroup CEO David H. Hoster II says the only reason his company and Parkway are believed to be joined at the ...

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