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 Realty 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 Realty Trust, Prologis e STAG Industrial per migliorare la comparabilità a livello di settore.
La metodologia aggiornata riafferma l'approccio dell'iniziativa di armonizzazione del 2018 per determinare la stabilizzazione delle proprietà, l'occupazione, il cambiamento degli affitti e la fidelizzazione dei clienti. Il portafoglio annuale a parità di negozi continuerà a includere solo le proprietà stabilizzate sia nei periodi attuali che in quelli precedenti, con criteri specifici per escludere le proprietà a valore aggiunto e quelle in fase di riqualificazione.
La standardizzazione sarà 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 métricas no-GAAP de propiedades en el sector de REIT industriales. La empresa ha formado una coalición con First Industrial Realty Trust, Prologis y STAG Industrial para mejorar la comparabilidad a nivel sectorial.
La metodología actualizada reafirma el enfoque de la iniciativa de armonización de 2018 para determinar la estabilización de propiedades, la ocupación, el cambio de alquiler y la retención de clientes. La cartera anual de tiendas comparables continuará incluyendo solo propiedades estabilizadas tanto en los períodos actuales como en los anteriores, con criterios específicos para excluir propiedades de valor agregado y de reurbanización.
La estandarización se implementará en las proyecciones de EastGroup para 2025 y no se espera que impacte materialmente en los métricas no-GAAP de la empresa para períodos anteriores a 2025.
EastGroup Properties (NYSE: EGP)는 산업 REIT 부문에서 주요 비GAAP 부동산 지표를 표준화하기 위한 중요한 이니셔티브를 발표했습니다. 이 회사는 First Industrial Realty Trust, Prologis 및 STAG Industrial과 협력하여 부문 간 비교 가능성을 향상시키기 위해 연합을 구성했습니다.
업데이트된 방법론은 부동산 안정화, 점유율, 임대료 변화 및 고객 유지를 결정하는 2018년 조화 이니셔티브의 접근 방식을 재확인합니다. 연간 동일 매장 포트폴리오는 현재와 이전 기간 모두에서 안정화된 부동산만 포함하며, 부가가치 및 재개발 부동산을 제외하기 위한 구체적인 기준이 있습니다.
표준화는 EastGroup의 2025년 가이드라인에 적용될 것이며, 2025년 이전 기간의 비GAAP 지표에 실질적인 영향을 미칠 것으로 예상되지 않습니다.
EastGroup Properties (NYSE: EGP) a annoncé une initiative importante visant à standardiser les principales métriques non-GAAP des propriétés dans le secteur des REIT industriels. L'entreprise a formé une coalition avec First Industrial Realty Trust, Prologis et STAG Industrial pour améliorer la comparabilité sectorielle.
La méthodologie mise à jour réaffirme l'approche de l'initiative d'harmonisation de 2018 pour déterminer la stabilisation des propriétés, le taux d'occupation, le changement de loyer et la fidélisation des clients. Le portefeuille annuel de magasins comparables continuera d'inclure uniquement des propriétés stabilisées à la fois dans les périodes actuelles et précédentes, avec des critères spécifiques pour exclure les propriétés à valeur ajoutée et celles en réaménagement.
La standardisation sera mise en œuvre dans les prévisions d'EastGroup pour 2025 et ne devrait pas avoir d'impact matériel sur les métriques non-GAAP de l'entreprise pour les périodes antérieures à 2025.
EastGroup Properties (NYSE: EGP) hat eine bedeutende Initiative zur Standardisierung wichtiger nicht-GAAP-Immobilienkennzahlen im industriellen REIT-Sektor angekündigt. Das Unternehmen hat eine Koalition mit First Industrial Realty Trust, Prologis und STAG Industrial gebildet, um die Vergleichbarkeit im Sektor zu verbessern.
Die aktualisierte Methodik bestätigt den Ansatz der Harmonisierungsoffensive von 2018 zur Bestimmung von Immobilienstabilisierung, Belegung, Mietänderung und Kundenbindung. Das jährliche Portfolio für vergleichbare Immobilien wird weiterhin nur Immobilien umfassen, die sowohl in den aktuellen als auch in den vorherigen Zeiträumen stabilisiert sind, mit spezifischen Kriterien zum Ausschluss von wertsteigernden und umgestaltenden Immobilien.
Die Standardisierung wird in den Prognosen von EastGroup für 2025 umgesetzt und wird voraussichtlich keinen wesentlichen Einfluss auf die nicht-GAAP-Kennzahlen des Unternehmens für die Zeiträume 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.
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 www.eastgroup.net.
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Contact: investor@eastgroup.net
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FAQ
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