Leadership Reshuffle at EastGroup Properties Signals Strategic Continuity

EastGroup Properties US2772761019

EastGroup Properties, a real estate investment trust (REIT) specializing in industrial properties, has announced a comprehensive reorganization of its executive leadership team. Effective January 1, 2026, a series of internal promotions will take effect, designed to sharpen the company's operational focus and support its long-term expansion plans.

Chief Executive Officer Marshall Loeb underscored that the promotions demonstrate the board's confidence in the existing management team's capabilities. The collective tenure of the executives moving into new roles totals nearly 70 years with EastGroup, pointing to a deep reservoir of institutional knowledge and strategic consistency.

The company, which focuses on industrial commercial real estate in Sunbelt growth markets, reported a robust portfolio occupancy rate of 97.0% as of the end of November 2025.

Details of the Executive Appointments

A key move sees Reid Dunbar, previously head of the Central Region, elevated to the role of President. In this capacity, he will work more closely with CEO Loeb and assume greater responsibility for corporate strategy and investor relations. Dunbar has been with the REIT since 2017.

In the financial leadership, Staci Tyler is stepping up from Chief Administrative Officer to become the new Chief Financial Officer (CFO). The long-serving employee will now guide the firm's financial strategy. Brent Wood, the current CFO, will transition into the newly established position of Chief Operating Officer (COO). His remit will include oversight of the management for the company's 65-million-square-foot portfolio.

The organization also confirmed the upcoming retirement of John Coleman, Executive Vice President of the Eastern Region, scheduled for June 30, 2026. Todd Johnson has been named as his successor.

Looking Ahead

The market will assess the impact of this leadership transition on the REIT's future performance once the new roles become active at the start of 2026. Investors can expect the next quarterly report to be issued on February 5, 2026.