secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2021-10-26T23:59:59+00:00
Accession:  0000049600-21-000115
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EastGroup Q3 FFO $1.55/share (+14% YoY); dividend raised 13.9% to $0.90
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- Net income $0.76 diluted EPS vs $0.62 a year ago; FFO $1.55 per share, up 14.0% YoY.
- Same property NOI (ex-lease terminations) up 5.2% cash, 6.9% straight-line; portfolio 98.8% leased.
- Rental rates on new/renewal leases increased 37.4% straight-line; acquired 661K sq ft for $95M.
- Dividend raised 13.9% to $0.90/share (167th consecutive); refinanced $100M term loan at 2.10%.
- Started 9 developments (1.31M sq ft, $153M total); issued 279K shares via ATM for $49M net.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960021000115/0000049600-21-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960021000115/egp-20211026.htm
  HTML page:      https://secwatch.observer/filing/0000049600-21-000115

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