EastGroup Q3 FFO per share up 14.2% to $1.77; dividend raised 13.6% to $1.25

EASTGROUP PROPERTIES INC

2022-Q3 EPS reported $3.48 revenue$357,185,000

Net income $0.87 diluted EPS vs $0.76 YoY; FFO per share $1.77 vs $1.55, up 14.2%.
Same Property NOI (ex-lease term) rose 8.7% cash, 6.6% straight-line; portfolio 99.0% leased.
Rental rates on new/renewal leases increased avg 39.4% straight-line; acquired $44M in value-add and land.
Declared 171st consecutive quarterly dividend, increased $0.15 to $1.25 per share (13.6%).
Closed $125M term loans at 4.04% avg fixed rate; agreed to $150M unsecured at 4.90-4.95%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.