secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2021-07-27T23:59:59+00:00
Accession:  0000049600-21-000095
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960021000095/0000049600-21-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960021000095/egp-20210727.htm
  HTML page:      https://secwatch.observer/filing/0000049600-21-000095

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