EastGroup Properties is an internally-managed equity REIT that develops, acquires, and operates industrial distribution properties across high-growth U.S. markets, with portfolio concentration in Texas, Florida, California, Arizona, and North Carolina. The company owns industrial facilities leased to logistics, supply chain, and distribution-focused tenants, generating revenue primarily through rental income on a diversified tenant base with no single tenant exceeding a small percentage of total rents. EastGroup funds its acquisition and development activities through bank credit facilities, equity issuances, and fixed-rate debt, competing with other institutional investors and REITs for property acquisitions and tenants.