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EASTGROUP PROPERT, (EGP) Stock Research Free Stock Rating
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EastGroup Properties, Inc. operates as an equity real estate investment trust (REIT). It focuses on the acquisition, operation, and development of industrial properties in the Arizona, California, Florida, and Texas in the United States. As of December 31, 2003, the company's portfolio included 19.4 million square feet with an additional 746,000 square feet under development. The company has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, the company would not be subject to federal income tax to the extent it distributes at least 90% of its REIT taxable income to its shareholders. EastGroup Properties was organized in 1969 and is headquartered in Jackson, Mississippi.
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