# EASTGROUP PROPERTIES INC

Summary updated: 2026-10-03T21:47:59.650658Z
Canonical: https://finbar.com/research/companies/eastgroup-properties-inc

## Overview

EastGroup Properties, Inc. is an internally managed equity REIT focused on developing, acquiring, and operating industrial properties, particularly distribution facilities near major transportation routes in high-growth U.S. markets. Its portfolio is concentrated in Texas, Florida, California, Arizona, and North Carolina. [1](https://app.finbar.com/go?id=P24019179)[2](https://app.finbar.com/go?id=P120618012) The company states its goal is to maximize shareholder value by leading its markets in providing functional, flexible, quality business-distribution space to location-sensitive customers. [3](https://eastgroup.net/about/)

At December 31, 2025, EastGroup owned 550 industrial properties, primarily business-distribution space. [2](https://app.finbar.com/go?id=P120618012) For FY2025, revenue was $721.336 million, and the company reported 103 full-time team members and one temporary employee. [4](https://app.finbar.com/go?id=T8564016)[5](https://app.finbar.com/go?id=P112997209)
[1](https://app.finbar.com/go?id=P24019179)[2](https://app.finbar.com/go?id=P120618012)[4](https://app.finbar.com/go?id=T8564016)[5](https://app.finbar.com/go?id=P112997209)[3](https://eastgroup.net/about/)

## Products & services

EastGroup Properties’ core offering is industrial space for business distribution, aimed at location-sensitive tenants, particularly businesses seeking 20,000–100,000 square feet near major transportation infrastructure. Its portfolio also includes bulk-distribution and business-service properties. As of June 30, 2026, it reported 517 business-distribution properties totaling 59.8 million square feet, 19 bulk-distribution properties totaling 5.1 million square feet, and 21 business-service properties totaling 0.8 million square feet. [6](https://app.finbar.com/go?id=P142142081)[7](https://app.finbar.com/go?id=P142142082)

The company describes typical business-distribution buildings as 90,000–200,000 square feet, with 24–30-foot clear heights, 150–200-foot depths, multiple storefront entries, and front-park/rear-load layouts. Its leases are primarily triple-net: tenants pay their pro-rata operating expenses, including real estate taxes, insurance, and common-area maintenance. Most leases provide scheduled rent increases. [8](https://eastgroup.net/properties/)[9](https://app.finbar.com/go?id=P142141857)[10](https://app.finbar.com/go?id=P103889385)

As of June 30, 2026, the operating portfolio was 96.8% leased and 95.6% occupied. Rental income is identified as the company’s primary revenue source; the cited reporting does not provide revenue or NOI shares by property type. [11](https://app.finbar.com/go?id=P142142093)[12](https://app.finbar.com/go?id=P142141853)
[6](https://app.finbar.com/go?id=P142142081)[7](https://app.finbar.com/go?id=P142142082)[9](https://app.finbar.com/go?id=P142141857)[10](https://app.finbar.com/go?id=P103889385)[11](https://app.finbar.com/go?id=P142142093)[12](https://app.finbar.com/go?id=P142141853)[8](https://eastgroup.net/properties/)

## Geographic presence

As of June 30, 2026, EastGroup Properties owned 557 industrial properties across 12 U.S. states, with approximately 65.7 million square feet including development and value-add properties. Its footprint is concentrated primarily in Texas, Florida, California, Arizona and North Carolina. Houston and Dallas were its largest markets by area at year-end 2025, with 7.108 million and 6.428 million square feet, respectively. [7](https://app.finbar.com/go?id=P142142082)[2](https://app.finbar.com/go?id=P120618012)[13](https://app.finbar.com/go?id=P87246168)

The company’s headquarters is in Ridgeland, Mississippi. It also reported regional offices in Dallas, Los Angeles and Atlanta, and asset-management offices in Houston, Orlando, Tampa and Phoenix; property-management teams are located in San Antonio, Austin, Miami, Jacksonville, San Francisco, Charlotte, Las Vegas and Greenville. At year-end 2025, EastGroup reported 103 full-time employees, but did not disclose their distribution by location. [14](https://app.finbar.com/go?id=P17868950)

EastGroup reports one operating segment, industrial properties; the filings reviewed do not provide revenue by state, market or country. [15](https://app.finbar.com/go?id=P58348186)[16](https://app.finbar.com/go?id=P142141818)
[7](https://app.finbar.com/go?id=P142142082)[2](https://app.finbar.com/go?id=P120618012)[13](https://app.finbar.com/go?id=P87246168)[14](https://app.finbar.com/go?id=P17868950)[15](https://app.finbar.com/go?id=P58348186)[16](https://app.finbar.com/go?id=P142141818)

## Business segments

EastGroup Properties reports one operating/reportable segment: industrial properties. Accordingly, its reported segment is the company’s entire segmental business; it does not disclose separate financial contributions for additional segments. [15](https://app.finbar.com/go?id=P58348186)[17](https://www.sec.gov/Archives/edgar/data/49600/000004960026000010/egp-20251231.htm)

As a portfolio breakdown rather than a segment breakdown, EastGroup classifies its approximately 65.0 million square feet of industrial space as business distribution (59.3 million square feet, about 91%), bulk distribution (4.9 million, about 8%), and business service (0.8 million, about 1%). These percentages represent approximate shares of floor area, not revenue, income, or assets. [18](https://app.finbar.com/go?id=P27834921)[17](https://www.sec.gov/Archives/edgar/data/49600/000004960026000010/egp-20251231.htm)
[15](https://app.finbar.com/go?id=P58348186)[18](https://app.finbar.com/go?id=P27834921)[17](https://www.sec.gov/Archives/edgar/data/49600/000004960026000010/egp-20251231.htm)

## Company history

EastGroup Properties was first organized in 1969, with Leland R. Speed identified as its founder. In 1983, the company adopted the EastGroup name when its management team took control. [3](https://eastgroup.net/about/)[19](https://eastgroup.net/eastgroup-properties-announces-passing-of-chairman-emeritus-of-the-board-leland-r-speed/)

The company’s history records mergers or acquisitions involving Eastover Corporation in 1994, LNH REIT, Inc. and Copley Properties, Inc. in 1996, and Meridian Point Realty Trust VIII in 1998. [3](https://eastgroup.net/about/)

David H. Hoster II became president in 1994 and CEO in 1997. Marshall A. Loeb became president and COO in 2015, then president and CEO in 2016, while Hoster became board chairman. [20](https://eastgroup.net/eastgroup-properties-announces-executive-succession-plan/)
[3](https://eastgroup.net/about/)[19](https://eastgroup.net/eastgroup-properties-announces-passing-of-chairman-emeritus-of-the-board-leland-r-speed/)[20](https://eastgroup.net/eastgroup-properties-announces-executive-succession-plan/)

## Sources

1. [EASTGROUP PROPERTIES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P24019179)
2. [EASTGROUP PROPERTIES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P120618012)
3. [eastgroup.net](https://eastgroup.net/about/)
4. [EASTGROUP PROPERTIES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=T8564016)
5. [EASTGROUP PROPERTIES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P112997209)
6. [EASTGROUP PROPERTIES INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P142142081)
7. [EASTGROUP PROPERTIES INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P142142082)
8. [eastgroup.net](https://eastgroup.net/properties/)
9. [EASTGROUP PROPERTIES INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P142141857)
10. [EASTGROUP PROPERTIES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P103889385)
11. [EASTGROUP PROPERTIES INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P142142093)
12. [EASTGROUP PROPERTIES INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P142141853)
13. [EASTGROUP PROPERTIES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P87246168)
14. [EASTGROUP PROPERTIES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P17868950)
15. [EASTGROUP PROPERTIES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P58348186)
16. [EASTGROUP PROPERTIES INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P142141818)
17. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/49600/000004960026000010/egp-20251231.htm)
18. [EASTGROUP PROPERTIES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P27834921)
19. [eastgroup.net](https://eastgroup.net/eastgroup-properties-announces-passing-of-chairman-emeritus-of-the-board-leland-r-speed/)
20. [eastgroup.net](https://eastgroup.net/eastgroup-properties-announces-executive-succession-plan/)

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