Investing.com - EastGroup Properties reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
EastGroup Properties announced earnings per share of $0.87 on revenue of $125.66. Analysts polled by Investing.com anticipated EPS of $0.84 on revenue of $123.94M.
EastGroup Properties shares are down 37% from the beginning of the year and are trading at $151.39 , down-from-52-week-high.
EastGroup Properties follows other major Real Estate sector earnings this month
EastGroup Properties's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
Crown Castle had missed expectations on October 19 with third quarter EPS of $0.97 on revenue of $1.57B, compared to forecast for EPS of $0.9763 on revenue of $1.73B.
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