EastGroup Properties, Inc. is one of the best performing real estate companies traded on the New York Stock Exchange (NYSE:EGP), and recently paid out its 120th consecutive quarterly dividend to shareholders. They are a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States, with an emphasis in the states of Florida, Texas, Arizona and California.
The company’s goal is to maximize shareholder value by being the leading provider in its markets of functional, flexible and quality business distribution space for location-sensitive customers primarily in the 5,000- to 50,000-square-foot range. The company’s strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. Ramey has partnered with EastGroup on investor and corporate communications since 1988.