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Tag Archives: real estate investment trust

Real estate firm sees earnings, revenue rise while debt falls

JACKSON — EastGroup Properties’ profit rose in the first quarter as revenues rose and debt payments fell. The real estate investment trust said quarterly profit rose 32 percent to $7.2 million, or 24 cents per share in the three months ended March 31. That’s up from $5.4 million, or 19 cents per share, in 2012’s first quarter. Quarterly revenue rose ...

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Parkway packs bags

The headquarters for Jackson’s Parkway Properties Inc. will move to downtown Orlando, Fla., in early 2012, according to a statement made by the upcoming CEO in a Florida newspaper in October. A handful of senior level management will transfer, but most of Parkway’s 89 Jackson employees will stay in town. Parkway Properties is a publicly traded real estate investment trust ...

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Parkway unveils new senior management team

JACKSON — Parkway Properties Inc. has appointed Charles T. Cannada chairman of Parkway’s board of directors, effective Jan. 1, 2012. Cannada will replace Parkway’s current executive chairman James R. Heistand, who will become Parkway’s permanent president and CEO on the same date. As previously announced, Steven G. Rogers will be stepping down as the company’s current president and CEO Dec. ...

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