secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2022-02-08T23:59:59+00:00
Accession:  0000049600-22-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EastGroup Q4 FFO $1.62 (+17.4% YoY), dividend +22.2%, issues $150M 3.03% notes
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- Q4 2021 FFO $1.62/share (vs $1.38 in Q4 2020, +17.4%); EPS $1.75 on $39M gains from property sales.
- Same property NOI (ex-terminations) up 6.4% cash and 8.1% straight-line; rent growth on new/renewal leases +31.5%.
- Operating portfolio 98.7% leased, 97.4% occupied; average Q4 occupancy 97.3%.
- Declared quarterly dividend $1.10/share, a 22.2% increase from $0.90; 168th consecutive quarterly dividend.
- Issued $150M senior notes at 3.03% fixed, 10-year maturity due April 2032, unsecured with customary covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960022000018/0000049600-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960022000018/egp-20220208.htm
  HTML page:      https://secwatch.observer/filing/0000049600-22-000018

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