---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-21-000095"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2021-07-27T23:59:59+00:00"
generated_at: "2026-06-30T02:19:31.781848+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# EastGroup Properties Q2 2021: FFO $1.47/sh (+10.5%), Same-Property NOI +5.6% cash basis

## Summary
- Net income $0.69 per diluted share vs $0.60 in Q2 2020; FFO $1.47 per share (+10.5% YoY).
- Same-property NOI (ex-lease terminations) up 5.6% cash basis, 5.9% straight-line; portfolio 98.3% leased.
- Rental rate growth on new/renewal leases +31.2% on straight-line basis.
- Acquired 79K sq ft operating ($9M) and 264K sq ft value-add ($20M); started 5 developments for $134M.
- Closed $125M notes at 2.74%; expanded credit facility to $475M; paid $0.79 dividend.

## SEC filing metadata
- accession: 0000049600-21-000095
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2021-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49600/000004960021000095/0000049600-21-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960021000095/egp-20210727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-21-000095
- JSON: https://secwatch.observer/filing/0000049600-21-000095.json
- Plain text: https://secwatch.observer/filing/0000049600-21-000095.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.