Home » Tag Archives: EastGroup Properties

Tag Archives: EastGroup Properties

‘Final mile’ leads to profits for EastGroup

By TED CARTER mbj@msbusiness.com Jackson’s EastGroup Properties has discovered just how lucrative the “last mile” can be in the warehouse logistics business after deciding two decades ago to concentrate fully on building, buying and leasing business warehouse space across America’s Sunbelt. “Be quick or be broke” is the mantra of most tenants of EastGroup Properties as the tenants compete in ...

Read More »

An Approaching Presence: EastGroup 7th among U.S. REIT money makers

By TED CARTER mbj@msbusiness.com Sustained success leasing 42 million square-feet of warehouse distribution space in fast-growing Sun Belt markets has made Jackson real estate investment trust EastGroup Properties one of the nation’s best bets for a strong return on a REIT investment, rankings show. The enterprise that Jackson real estate investor Leland Speed established nearly 30 years ago has reached ...

Read More »

Real Estate Forum panelists: Lenders, investors hungry for deals on residential rentals in Miss., elsewhere

By TED CARTER Such Mississippi cities as Ridgeland and Pearl are fed up with multi-family residential complexes to the point they want to retroactively zone them out of existence. But the market for such developments across Mississippi and the rest of the South is white hot and likely to grow even hotter, said commercial real estate brokers and financial professionals who ...

Read More »

EastGroup reports increase in revenue, profit

JACKSON — More tenants are renting industrial space from landlord EastGroup Properties, pushing up revenue and profit in the third quarter. The company said quarterly profit rose 24 percent to $8.4 million, or 28 cents per share, in the three months that ended September 30. That’s up from $6.8 million, or 23 cents per share, in 2012’s third quarter. Quarterly ...

Read More »

EastGroup Properties sees quaterly earnings decrease

JACKSON — EastGroup Properties reported strong results for the second quarter, but profit fell from a year earlier, when the company recorded a large gain selling real estate. The industrial landlord said yesterday that quarterly profit fell 4 percent to $7.6 million, or 25 cents per share, in the three months that ended June 30. That’s down from $8 million, ...

Read More »

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 ...

Read More »

Shipping company signs Jackson lease

Tiger Logistics LLC has signed a lease for 11,250 square feet at Space Center Park in Jackson. The Park, a 90,000-square-foot, multi-tenant warehouse building, is owned by 1355 Associates and was represented by EastGroup Properties. Investec Realty Services of Memphis, Tenn. Represented the lessee.

Read More »