---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-22-000062"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2022-04-26T23:59:59+00:00"
generated_at: "2026-06-26T04:48:56.805033+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# EastGroup Q1 FFO $1.68 (+15.9% YoY); same property NOI +8.5% cash; occupancy 98.8%

## Summary
- Net income diluted $1.54 (incl $0.73 gain on sales); FFO $1.68 (+15.9% vs $1.45 prior year).
- Same property NOI (excl lease term) +8.5% cash, +7.4% straight-line; rental rates on new/renewal +33.5%.
- Operating portfolio 98.8% leased, 97.9% occupied; avg occupancy 97.3% for quarter.
- Acquired 516k sq ft value-add for $54M; started 6 dev projects (953k sq ft, $104M total). Sold 2 properties for $39M.
- Closed $250M debt at 3.04%; refinanced $100M term loan to 1.80%; issued 385k shares at $194.53 for $74M net.

## SEC filing metadata
- accession: 0000049600-22-000062
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2022-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49600/000004960022000062/0000049600-22-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960022000062/egp-20220426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-22-000062
- JSON: https://secwatch.observer/filing/0000049600-22-000062.json
- Plain text: https://secwatch.observer/filing/0000049600-22-000062.txt

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