EastGroup Properties reports Q3 FFO $2.27, consensus $2.28

Reports Q3 revenue $182.14M, consensus $182.03M. Marshall Loeb, CEO, stated, “I’m proud of the quarterly results the team created this quarter as well as year-to-date. These results are a testament to our team, our properties and our markets, in that order. We’re exceeding our initial guidance in spite of indecisiveness by development prospects throughout much of the year. And now we’re in the early stages of seeing those prospect concerns thawing. With limited supply and ever growing demand, we are excited about our pathway. Looking beyond this environment, I remain bullish on the continuing external trends benefitting our shallow bay, last mile, high-growth market portfolio.”