Eastgroup Properties Inc at NAREIT REITweek: Investor Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: William Crow - Raymond James - Analyst : And Marshall, let if you could maybe go into an overview. I want to drill down into some of the supply demand trends that we're seeing, but maybe an overview on what makes EastGroup, EastGroup

Question: William Crow - Raymond James - Analyst : You're not using my time with the objective here is escalate you speak I think that's a great answer. And I would like to comparison just two others in the sector. So if we can think about their mindset going forward, I know there's a lot concern right now about both supply and demand. And we've got a little bit skewed or are in some unusual circumstances the last few years. What are you seeing out there compared to what we saw the last few years to what you're seeing today from a demand perspective? Let's start to kind of start --?

Question: William Crow - Raymond James - Analyst : And it's interesting because we've heard from others that maybe March was a little bit of a slower period. And of course, that was used in many cases to provide the commentary on that. First of all, the earnings calls and things have actually groups themselves.

Question: William Crow - Raymond James - Analyst : Commercial real investors are selfish. They want not only that 50% or 70%, I should say 50% or 70% mark-to-market on lease rollover, but they want to know the market rents continue to grind higher. And I'd like your perspective on what you're seeing in market rents broadly in the US in your markets, I should say, and then maybe Southern California diving into that camp.

Question: William Crow - Raymond James - Analyst : So we've got up. But just to draw that same chart, you've got up and now we're at a much slower on Tolmount, almost horizontal line kind of single digit double digit to single B. Okay. And you anticipate potential acceleration next year? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 05, 2024 / 6:00PM, EGP.N - Eastgroup Properties Inc at NAREIT REITweek: Investor Conference

Question: William Crow - Raymond James - Analyst : You could talk about the tenant base a little bit, where is the strongest demand coming from how is that housing renovation mode? Where are you seeing scrapes and weakness?

Question: William Crow - Raymond James - Analyst : And let's look at the balance sheet for a second. I'd argue that you're underlevered, but I would also recognize that the times that companies need capital was the most expensive. So you get on with it and get it more often than that. But to kind of give us your philosophy on raising capital using the equity to drive your growth?

Question: William Crow - Raymond James - Analyst : I should have asked this question. I apologize really over back to that business there. Any questions out in the audience? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 05, 2024 / 6:00PM, EGP.N - Eastgroup Properties Inc at NAREIT REITweek: Investor Conference Unidentified Participant Yes. Yes, great. (inaudible)