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EastGroup Properties: Double-Digit Dividend Growth, Industrial Powerhouse You Should Consider
EGPEast Properties(EGP) Seeking Alpha·2024-11-01 13:00

Industrial REIT Sector Performance - The industrial REIT sector has faced challenges due to easing industrial demand, leading to lower occupancy ratings [1] - Despite these challenges, many companies in the sector have continued to grow their AFFO, FFO, and revenue, indicating strong fundamentals [1] Analyst Background and Investment Strategy - The contributing analyst is a Navy veteran with a focus on dividend investing in quality blue-chip stocks, BDCs, and REITs [2] - The analyst prefers a buy-and-hold strategy, emphasizing quality over quantity, and aims to supplement retirement income through dividends in the next 5-7 years [2] - The analyst aims to help lower and middle-class workers build high-quality, dividend-paying investment portfolios and achieve financial independence [2] Analyst's Position and Disclosure - The analyst holds a beneficial long position in shares of ADC and O through stock ownership, options, or other derivatives [3] - The article reflects the analyst's personal opinions and is not influenced by compensation or business relationships with the mentioned companies [3]