• EastGroup Properties average return on tangible equity for 2023 was 8.34, a 30.15% increase from 2022.
• EastGroup Properties average return on tangible equity for 2022 was 11.94, a 25.82% decline from 2021.
• EastGroup Properties average return on tangible equity for 2021 was 9.49, a 4.04% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.