EastGroup Properties, Inc. (EGP) CEO Marshall Loeb on Q4 2020 Results - Earnings Call Transcript

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153.96K Followers

Q4: 2021-02-09 Earnings Summary

EPS of $0.94 beats by $0.33
 | Revenue of $92.67M (7.07% Y/Y) misses by $380.15K

EastGroup Properties, Inc. (NYSE:EGP) Q4 2020 Results Earnings Conference Call February 10, 2021 11:00 AM ET

Company Participants

Marshall Loeb - President & CEO
Brent Wood - EVP, CFO & Treasurer
Keena Frazier - Director Leasing Statistics

Conference Call Participants

Elvis Rodriguez - Bank of America
Tom Catherwood - BTIG
Alexander Goldfarb - Piper Sandler
Chris McCurry - Citi
Vince Tibone - Green Street
Craig Mailman - KeyBanc Capital
Michael Carroll - RBC Capital Markets
Bill Crow again - Raymond James
Ki Bin Kim - Truist

Operator

Good day, everyone. And welcome to today’s EastGroup Properties Fourth Quarter Earnings 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] Also not, this call may be recorded.

And it is now my pleasure to turn the call over to Marshall Loeb, President and CEO. Please go ahead.

Marshall Loeb

Good morning, and thanks for calling in for our fourth quarter 2020 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

Please note that our conference call today will contain financial measures such as PNOI and FFO that are non-GAAP measures as defined in Regulation G. Please refer to our most recent financial supplement and to our earnings press release, both available on the Investor page of our website and to our periodic reports furnished or filed with the SEC for definitions and further information regarding our use of these non-GAAP financial measures and reconciliation of them to our GAAP results.

Please also note that some statements during this call are forward-looking statements as defined in and within the safe

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