movingiorew.blogg.se - Construct 3 pricing

Three Months Ended SeptemFor the three months ended September 30, 2021, funds from operations attributable to common stockholders ("FFO") were $1.55 per share compared to $1.36 per share during the same period of 2020, an increase of 14.0%. Depreciation and amortization expense increased by $8,252,000 ( $0.21 per share) during the nine months ended September 30, 2021, as compared to the same period of 2020.įUNDS FROM OPERATIONS AND PROPERTY NET OPERATING INCOME PNOI increased by $24,043,000 ( $0.60 per share) for the nine months ended September 30, 2021, as compared to the same period of 2020. Nine Months Ended SeptemDiluted EPS for the nine months ended September 30, 2021 were $2.13 compared to $1.82 for the same period of 2020.

Depreciation and amortization expense increased by $3,052,000 ( $0.08 per share) during the three months ended September 30, 2021, as compared to the same period of 2020. The Company's property net operating income ("PNOI") increased by $9,296,000 ( $0.23 per share) for the three months ended September 30, 2021, as compared to the same period of 2020. Three Months Ended SeptemOn a diluted per share basis, earnings per common share ("EPS") were $0.76 for the three months ended September 30, 2021, compared to $0.62 for the same period of 2020. In sum, we like where we stand today, and looking ahead, we remain bullish on the growth prospects for our shallow bay, last mile, Sunbelt market portfolio." We're pleased with our performance and given the demand we're seeing, we don't foresee a disruption to this momentum. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today the results of its operations for the three and nine months ended September 30, 2021.Ĭommenting on EastGroup's performance, Marshall Loeb, CEO, stated, "Our team and portfolio produced another strong quarter and are moving towards creating an excellent year.

Issued 278,893 Shares of Common Stock Pursuant to the Company's Continuous Common Equity Offering Program at an Average Price of $176.45 Per Share for Aggregate Net Proceeds of $49 MillionĮastGroup Properties, Inc.

Repaid a $40 Million Maturing Senior Unsecured Term Loan with a Fixed Interest Rate of 2.34%.

Refinanced a $100 Million Senior Unsecured Term Loan with Five Years Remaining and Reduced the Effective Fixed Interest Rate by 65 basis points to 2.10% Added a Sustainability Metric to the Agreement.

Declared 167 th Consecutive Quarterly Cash Dividend: Increased the Dividend by $0.11 Per Share (13.9%) to $0.90 Per Share.

Development and Value-Add Program Consisted of 23 Projects in 15 Cities (3.9 Million Square Feet) at Septemwith a Projected Total Investment of $447 Million.

Transferred Two Development and Value-Add Projects Totaling 383,000 Square Feet to the Real Estate Portfolio.

Started Construction of Nine Development Projects Containing 1,311,000 Square Feet with Projected Total Costs of $153 Million.

Acquired 661,000 Square Feet of Operating Properties for $95 Million.Rental Rates on New and Renewal Leases Increased an Average of 37.4% on a Straight-Line Basis.98.8% Leased and 97.6% Occupied as of SeptemAverage Occupancy of 97.1% for Third Quarter 2021.Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 5.2% on a Cash Basis and 6.9% on a Straight-Line Basis for Third Quarter 2021 Compared to the Same Period in 2020.Funds from Operations of $1.55 Per Share for Third Quarter 2021 Compared to $1.36 Per Share for Third Quarter 2020, an Increase of 14.0%.Net Income Attributable to Common Stockholders of $0.76 Per Diluted Share for Third Quarter 2021 Compared to $0.62 Per Diluted Share for Third Quarter 2020.(PRNewsFoto/EAST GROUP PROPERTIES, INC.) (PRNewsFoto/) (PRNewsFoto/)