EastGroup Properties (NYSE: EGP) is a real estate investment trust (REIT) that owns, develops, and acquires industrial properties concentrated in the Sunbelt region of the United States. Revenue comes primarily from rental income generated by leasing industrial facilities, principally multi-tenant shallow-bay distribution buildings, to business tenants under long-term lease agreements. The company operates as a REIT, distributing the majority of taxable income to shareholders as dividends. As of the fiscal year ended December 31, 2025 (per the 10-K filed 2026-02-11, accession 000004960026000010), EastGroup focuses its portfolio on fast-growing Sunbelt markets. The business model depends on occupancy rates, rental rate growth, and development pipeline execution. EastGroup both acquires existing properties and develops new industrial facilities, adding to net operating income as projects stabilize.

Revenue model

Rental income from leasing industrial properties, primarily multi-tenant shallow-bay distribution buildings, to business tenants under long-term leases. Additional income from property development and acquisitions that are stabilized and added to the operating portfolio.

Products and services

Industrial real estate properties, principally shallow-bay multi-tenant distribution and light industrial buildings. Property development and acquisition of industrial facilities in Sunbelt markets.

Customers and end markets

Business tenants leasing industrial and distribution space, concentrated in Sunbelt United States markets. End markets include distribution, logistics, and light industrial users.

Value-chain role

Owner, developer, and landlord of industrial real estate. Acquires land, develops industrial properties, and leases stabilized assets to tenants.

Geographic exposure

Sunbelt region of the United States, per the 10-K filed 2026-02-11.

Source: SEC 10-K, filed 2026-02-11

Industry: Real Estate Investment Trusts Peers: Prologis Inc Americold Realty Trust Inc DUKE REALTY CORP First Industrial Realty Trust Inc LXP Industrial Trust Rexford Industrial Realty Inc STAG Industrial Inc Terreno Realty Corp