EastGroup Properties, Inc. (EGP) CEO Marshall Loeb on Q1 2019 Results - Earnings Call Transcript

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Q1: 2019-04-22 Earnings Summary

EPS of $0.62 beats by $0.09
 | Revenue of $78.80M (9.13% Y/Y) misses by $31.94K

EastGroup Properties, Inc. (NYSE:EGP) Q1 2019 Earnings Conference Call April 23, 2019 11:00 AM ET

Company Participants

Marshall Loeb - President and Chief Executive Officer
Brent Wood - Chief Financial Officer
Keena Frazier - Director of Leasing Statistics

Conference Call Participants

James Feldman - Bank of America Merrill Lynch
Alexander Goldfarb - Sandler O'Neill & Partners, L.P.
John Guinee - Stifel, Nicolaus & Co., Inc.
Ki Bin Kim - Suntrust Robinson Humphrey, Inc.
Emmanuel Korchman - Citigroup
Craig Mailman - KeyBanc Capital
Jason Green - Evercore ISI
William Crow - Raymond James & Associates, Inc.
Eric Frankel - Green Street Advisors
Richard Anderson - SMBC Nikko Securities America, Inc.

Operator

Good morning and welcome to the EastGroup Properties’ First Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. [Operator Instructions] Please note this call maybe recorded.

It is now my pleasure to turn the conference over to Marshall Loeb, President and CEO. Please go ahead.

Marshall Loeb

Thank you. Good morning and thanks for calling in for our first quarter 2019 conference call. As always, we appreciate your interest. Brent Wood, our CFO is also participating on the call. And since we'll make forward-looking statements, we ask that you listen to the following disclaimer.

Keena Frazier

The discussion today involves forward-looking statements. Please refer to the Safe Harbor language included in the Company's news release announcing results for this quarter that describes certain risk factors and uncertainties that may impact the Company's future results and may cause the actual results to differ materially from those projected.

Also, the content of this conference call contains time-sensitive information that's subject to the Safe Harbor statement included in the news release is accurate only as

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