EastGroup Properties, Inc. (NYSE:EGP) Q3 2023 Earnings Conference Call October 25, 2023 11:00 AM ET

Company Participants

Marshall Loeb - President and Chief Executive Officer

Keena Frazier - Director of Leasing Statistics

Brent Wood - Chief Financial Officer

Conference Call Participants

Craig Mailman - Citigroup Inc.

Jeffrey Spector - Bank of America

Alexander Goldfarb - Piper Sandler

Nick Thillman - Robert W. Baird & Co.

Todd Thomas - KeyBanc Capital Markets

Samir Khanal - Evercore ISI

William Crow - Raymond James Financial, Inc.

Vince Tibone - Green Street Advisors, LLC

Ronald Kamdem - Morgan Stanley

Blaine Heck - Wells Fargo Securities

Richard Anderson - Wedbush Securities Inc.

Operator

Good day, everyone, and welcome to the EastGroup Properties Third Quarter 2023 Earnings Conference Call and Webcast. All participants will be in a listen-only mode. [Operator Instructions] Please also note today’s event is being recorded.

And at this time, I’d like to turn the floor over to Marshall Loeb, President and CEO. Sir, you may begin.

Marshall Loeb

Good morning, and thanks for calling in for our third quarter 2023 conference call. As always, we appreciate your interest. Brent Wood, our CFO, is also 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 a 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 harbors under the Securities Act of 1933, the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements in the earnings press release, along with our remarks, are made as of today and reflect our current views about the company’s plans, intentions, expectations, strategies and prospects based on the information currently available to the company and on assumptions it has made.

We undertake no duty to update such statements or remarks whether as a result of new information, future or actual events or otherwise. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Please see our SEC filings, included in our most recent annual report on Form 10-K for more detail about these risks.