EastGroup Properties Announces Standardization of Key Property Metrics among Industrial REITs
EastGroup Properties (NYSE: EGP) has announced a significant initiative to standardize key non-GAAP property metrics across the industrial REIT sector. The company has formed a coalition with First Industrial AG真人官方ty Trust, Prologis, and STAG Industrial to enhance sector-wide comparability.
The updated methodology reaffirms the 2018 harmonization initiative's approach to determining property stabilization, occupancy, rent change, and customer retention. The annual same-store portfolio will continue to include only properties stabilized in both current and prior periods, with specific criteria for excluding value-added and redevelopment properties.
The standardization will be implemented in EastGroup's 2025 guidance and is not expected to materially impact the company's non-GAAP metrics for periods before 2025.
EastGroup Properties (NYSE: EGP) ha annunciato un'importante iniziativa per standardizzare i principali parametri non-GAAP nel settore dei REIT industriali. L'azienda ha formato una coalizione con First Industrial AG真人官方ty Trust, Prologis e STAG Industrial per migliorare la comparabilit脿 a livello di settore.
La metodologia aggiornata riafferma l'approccio dell'iniziativa di armonizzazione del 2018 per determinare la stabilizzazione delle propriet脿, l'occupazione, il cambiamento degli affitti e la fidelizzazione dei clienti. Il portafoglio annuale a parit脿 di negozi continuer脿 a includere solo le propriet脿 stabilizzate sia nei periodi attuali che in quelli precedenti, con criteri specifici per escludere le propriet脿 a valore aggiunto e quelle in fase di riqualificazione.
La standardizzazione sar脿 implementata nelle indicazioni di EastGroup per il 2025 e non si prevede che influisca in modo sostanziale sui parametri non-GAAP dell'azienda per i periodi precedenti al 2025.
EastGroup Properties (NYSE: EGP) ha anunciado una iniciativa significativa para estandarizar los principales m茅tricas no-GAAP de propiedades en el sector de REIT industriales. La empresa ha formado una coalici贸n con First Industrial AG真人官方ty Trust, Prologis y STAG Industrial para mejorar la comparabilidad a nivel sectorial.
La metodolog铆a actualizada reafirma el enfoque de la iniciativa de armonizaci贸n de 2018 para determinar la estabilizaci贸n de propiedades, la ocupaci贸n, el cambio de alquiler y la retenci贸n de clientes. La cartera anual de tiendas comparables continuar谩 incluyendo solo propiedades estabilizadas tanto en los per铆odos actuales como en los anteriores, con criterios espec铆ficos para excluir propiedades de valor agregado y de reurbanizaci贸n.
La estandarizaci贸n se implementar谩 en las proyecciones de EastGroup para 2025 y no se espera que impacte materialmente en los m茅tricas no-GAAP de la empresa para per铆odos anteriores a 2025.
EastGroup Properties (NYSE: EGP)電� 靷办梾 REIT 攵�氍胳棎靹� 欤检殧 牍凣AAP 攵�霃欖偘 歆�響滊ゼ 響滌頇旐晿旮� 鞙勴暅 欷戩殧頃� 鞚措媹靺旐嫲敫岆ゼ 氚滍憸頄堨姷雼堧嫟. 鞚� 須岇偓電� First Industrial AG真人官方ty Trust, Prologis 氚� STAG Industrial瓿� 順戨牓頃橃棳 攵�氍� 臧� 牍勱祼 臧�電レ劚鞚� 頄レ儊鞁滍偆旮� 鞙勴暣 鞐绊暕鞚� 甑劚頄堨姷雼堧嫟.
鞐呺嵃鞚错姼霅� 氚╇矔搿犾潃 攵�霃欖偘 鞎堨爼頇�, 鞝愳湢鞙�, 鞛勲寑耄� 氤�頇� 氚� 瓿犼皾 鞙犾毳� 瓴办爼頃橂姅 2018雲� 臁绊檾 鞚措媹靺旐嫲敫岇潣 鞝戧芳 氚╈嫕鞚� 鞛檿鞚疙暕雼堧嫟. 鞐瓣皠 霃欖澕 毵れ灔 韽姼韽措Μ鞓る姅 順勳灛鞕� 鞚挫爠 旮瓣皠 氇憪鞐愳劀 鞎堨爼頇旊悳 攵�霃欖偘毵� 韽暔頃橂┌, 攵�臧�臧�旃� 氚� 鞛皽氚� 攵�霃欖偘鞚� 鞝滌櫢頃橁赴 鞙勴暅 甑泊鞝侅澑 旮办鞚� 鞛堨姷雼堧嫟.
響滌頇旊姅 EastGroup鞚� 2025雲� 臧�鞚措摐霛检澑鞐� 鞝侅毄霅� 瓴冹澊氅�, 2025雲� 鞚挫爠 旮瓣皠鞚� 牍凣AAP 歆�響滌棎 鞁れ鞝侅澑 鞓來枼鞚� 氙胳範 瓴冹溂搿� 鞓堨儊霅橃 鞎婌姷雼堧嫟.
EastGroup Properties (NYSE: EGP) a annonc茅 une initiative importante visant 脿 standardiser les principales m茅triques non-GAAP des propri茅t茅s dans le secteur des REIT industriels. L'entreprise a form茅 une coalition avec First Industrial AG真人官方ty Trust, Prologis et STAG Industrial pour am茅liorer la comparabilit茅 sectorielle.
La m茅thodologie mise 脿 jour r茅affirme l'approche de l'initiative d'harmonisation de 2018 pour d茅terminer la stabilisation des propri茅t茅s, le taux d'occupation, le changement de loyer et la fid茅lisation des clients. Le portefeuille annuel de magasins comparables continuera d'inclure uniquement des propri茅t茅s stabilis茅es 脿 la fois dans les p茅riodes actuelles et pr茅c茅dentes, avec des crit猫res sp茅cifiques pour exclure les propri茅t茅s 脿 valeur ajout茅e et celles en r茅am茅nagement.
La standardisation sera mise en 艙uvre dans les pr茅visions d'EastGroup pour 2025 et ne devrait pas avoir d'impact mat茅riel sur les m茅triques non-GAAP de l'entreprise pour les p茅riodes ant茅rieures 脿 2025.
EastGroup Properties (NYSE: EGP) hat eine bedeutende Initiative zur Standardisierung wichtiger nicht-GAAP-Immobilienkennzahlen im industriellen REIT-Sektor angek眉ndigt. Das Unternehmen hat eine Koalition mit First Industrial AG真人官方ty Trust, Prologis und STAG Industrial gebildet, um die Vergleichbarkeit im Sektor zu verbessern.
Die aktualisierte Methodik best盲tigt den Ansatz der Harmonisierungsoffensive von 2018 zur Bestimmung von Immobilienstabilisierung, Belegung, Miet盲nderung und Kundenbindung. Das j盲hrliche Portfolio f眉r vergleichbare Immobilien wird weiterhin nur Immobilien umfassen, die sowohl in den aktuellen als auch in den vorherigen Zeitr盲umen stabilisiert sind, mit spezifischen Kriterien zum Ausschluss von wertsteigernden und umgestaltenden Immobilien.
Die Standardisierung wird in den Prognosen von EastGroup f眉r 2025 umgesetzt und wird voraussichtlich keinen wesentlichen Einfluss auf die nicht-GAAP-Kennzahlen des Unternehmens f眉r die Zeitr盲ume vor 2025 haben.
- Enhanced transparency and comparability across industrial REIT sector
- No material impact expected on historical non-GAAP metrics
- None.
Building on the 2018 harmonization initiative, the Industrial REIT Group reaffirmed its approach to determining property stabilization, occupancy, rent change, and customer retention. Additionally, the annual same-store portfolio will continue to include only properties that were stabilized in both the current and prior periods presented. Criteria to exclude value-added and redevelopment properties from the same store portfolio was also reaffirmed.聽
All Industrial REIT Group members will align their non-GAAP metrics with these methodologies when the metric is disclosed. These methodologies are incorporated in EastGroup's 2025 guidance and are not expected to have a material impact on EastGroup's non-GAAP metrics for periods prior to 2025.
While minor differences may remain in calculation methods or terminology, the shared goal is to enhance consistency and comparability across the sector.
About EastGroup Properties, Inc.
EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout
EastGroup Properties, Inc. press releases are available at .
Forward-Looking Information
The statements and certain other information contained herein, which can be identified by the use of forward-looking terminology such as "may," "will," "seek," "expects," "anticipates," "believes," "targets," "intends," "should," "estimates," "could," "continue," "assume," "projects," "goals," "plans" or variations of such words and similar expressions or the negative of such words, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These forward-looking statements reflect the Company's current views about its plans, intentions, expectations, strategies and prospects, which are based on the information currently available to the Company and on assumptions it has made. Although the Company believes that its plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, the Company can give no assurance that such plans, intentions, expectations or strategies will be attained or achieved. Furthermore, these forward-looking statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties could cause actual results to differ materially from those projected. These uncertainties include, but are not limited to: international, national, regional and local economic conditions; the competitive environment in which the Company operates; fluctuations of occupancy or rental rates; potential defaults (including bankruptcies or insolvency) on or non-renewal of leases by tenants, or our ability to lease space at current or anticipated rents, particularly in light of ongoing interest rate uncertainty; disruption in supply and delivery chains; increased construction and development costs, including as a result of the recent inflationary environment; acquisition and development risks, including failure of such acquisitions and development projects to perform in accordance with our projections or to materialize at all; potential changes in the law or governmental regulations and interpretations of those laws and regulations, including changes in real estate laws or real estate investment trust ("REIT") or corporate income tax laws, potential changes in zoning laws, or increases in real property tax rates, and any related increased cost of compliance; our ability to maintain our qualification as a REIT; natural disasters such as fires, floods, tornadoes, hurricanes, earthquakes, or other extreme weather events, which may or may not be caused by longer-term shifts in climate patterns, could destroy buildings and damage regional economies; the availability of financing and capital, increases in or long-term elevated interest rates, and our ability to raise equity capital on attractive terms; financing risks, including the risks that our cash flows from operations may be insufficient to meet required payments of principal and interest, and we may be unable to refinance our existing debt upon maturity or obtain new financing on attractive terms or at all; our ability to retain our credit agency ratings; our ability to comply with applicable financial covenants; credit risk in the event of non-performance by the counterparties to our interest rate swaps; how and when pending forward equity sales may settle; lack of or insufficient amounts of insurance; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; our ability to attract and retain key personnel or lack of succession planning; risks related to the failure, inadequacy or interruption of our data security systems and processes, including security breaches through cyber attacks; pandemics, epidemics or other public health emergencies, such as the coronavirus pandemic; potentially catastrophic events such as acts of war, civil unrest and terrorism; and environmental liabilities, including costs, fines or penalties that may be incurred due to necessary remediation of contamination of properties presently owned or previously owned by us. All forward-looking statements should be read in light of the risks identified in Part I, Item 1A. Risk Factors within the Company's most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company's periodic filings and current reports filed with the SEC. The Company assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: [email protected]
View original content to download multimedia:
SOURCE EastGroup Properties
FAQ
What changes did EastGroup Properties (EGP) announce for industrial REIT metrics standardization?
When will EGP implement the new standardized metrics?
Which companies are part of the Industrial REIT Group coalition with EGP?
How will the same-store portfolio be calculated under EGP's new standardization?
