EastGroup Properties Announces Standardization of Key Property Metrics among Industrial REITs

Core Insights - EastGroup Properties, Inc. announced a coalition of industrial real estate investment trusts (REITs) to update standardized methodologies for calculating key non-GAAP property metrics, aimed at improving comparability across the sector [1][3] Group 1: Methodology Updates - The Industrial REIT Group reaffirmed its approach to determining property stabilization, occupancy, rent change, and customer retention, building on a 2018 harmonization initiative [2] - The annual same-store portfolio will include only properties that were stabilized in both the current and prior periods, with criteria to exclude value-added and redevelopment properties reaffirmed [2][3] - All members of the Industrial REIT Group will align their non-GAAP metrics with these methodologies, which are incorporated in EastGroup's 2025 guidance [3] Group 2: Company Overview - EastGroup Properties is a self-administered equity REIT focused on the development, acquisition, and operation of industrial properties in high-growth markets across the United States, particularly in Texas, Florida, California, Arizona, and North Carolina [4] - The company's strategy aims to maximize shareholder value by providing functional, flexible, and quality business distribution space, primarily in the 20,000 to 100,000 square foot range [4] - EastGroup's portfolio currently includes approximately 63.1 million square feet, encompassing development projects and value-add acquisitions [4]