secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0000049600-22-000094
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EastGroup Q2 FFO $1.72 (+17% YoY); same-property NOI up 9.5% cash basis
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- Net income $1.09 diluted EPS vs $0.69 YoY; gains on sales added $0.25.
- FFO per share $1.72 vs $1.47 YoY, up 17.0%.
- Same-property NOI (ex-terminations) rose 7.7% straight-line, 9.5% cash basis.
- Operating portfolio 99.1% leased and 98.5% occupied; rental rates up 37.2% on new/renewal leases.
- Issued $150M unsecured debt at 3.03% fixed rate, 10-year term; declared $1.10 quarterly dividend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960022000094/0000049600-22-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960022000094/egp-20220726.htm
  HTML page:      https://secwatch.observer/filing/0000049600-22-000094

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