The need for logistical space has grown rapidly, and this company has been a big beneficiary.
EastGroup Properties (EGP -1.42%) has been a major beneficiary of the surge in e-commerce and logistical space demand, and it reported staggering 49% releasing spreads in the fourth quarter. In this video, Fool.com contributors Tyler Crowe and Matt Frankel, CFP®, discuss EastGroup's latest results and whether the stock is still worth a closer look.
*Stock prices used were the morning prices of Feb. 10, 2023. The video was published on Feb. 14, 2023.
Matthew Frankel, CFP® has no position in any of the stocks mentioned. Tyler Crowe has positions in EastGroup Properties. The Motley Fool has positions in and recommends EastGroup Properties. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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