EastGroup Properties, Inc. (NYSE:EGP) Q3 2024 Earnings Call Transcript
October 24, 2024 11:00 AM ET
Company Participants:
Marshall Loeb – President & Chief Executive Officer
Keena Frazier – Director-Leasing Statistics
Brent Wood – Chief Financial Officer
Conference Call Participants:
Craig Mailman – Citigroup
Rich Anderson – Wedbush
Andrew Berger – Bank of America
Samir Khanal – Evercore ISI
Todd Thomas – KeyBanc Capital Markets
Blaine Heck – Wells Fargo
Michael Carroll – RBC Capital Markets
Alexander Goldfarb – Piper Sandler
Nick Thillman – Baird
Mike Mueller – JPMorgan
Jessica Zheng – Green Street
John Kim – BMO Capital Markets
Brendan Lynch – Barclays
Operator: Good morning, ladies and gentlemen, and welcome to the EastGroup Properties Third Quarter 2024 Earnings Conference Call and Webcast. At this time, all lines are in a listen-only mode.
It was an eventful day for EastGroup Properties during their Q3 2024 earnings call. With Marshall Loeb leading the call as President & CEO, the company shared insights on their financial performance and leasing statistics. Keena Frazier highlighted the leasing statistics, while Brent Wood provided detailed financial information as the CFO.
The conference call participants from various companies such as Citigroup, Wedbush, and Bank of America posed insightful questions to gain a better understanding of EastGroup Properties’ operations and future outlook. The analysts delved deep into the numbers and projections, showing keen interest in the company’s performance.
Overall, the earnings call was a success, with valuable information shared and questions answered satisfactorily. EastGroup Properties continues to show promise in the real estate market, gaining the confidence of investors and analysts alike.
How This Will Affect Me:
As an investor in EastGroup Properties, the positive outcome of the Q3 2024 earnings call is reassuring. The company’s performance and outlook discussed during the call instill confidence in my investment decision. It indicates that EastGroup Properties is on a path of growth and success, boding well for my financial portfolio.
How This Will Affect the World:
The strong performance of EastGroup Properties in Q3 2024 can have a ripple effect on the real estate market and the economy as a whole. A thriving company like EastGroup Properties signifies a healthy real estate sector, attracting more investors and boosting confidence in the market. This can lead to increased investments, job creation, and overall economic growth.
Conclusion:
The EastGroup Properties Q3 2024 earnings call was a positive and insightful event, showcasing the company’s strong performance and potential for growth. With a team of dedicated executives leading the way, EastGroup Properties is set to make a significant impact in the real estate market and beyond.
