secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0000049600-22-000104
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960022000104/0000049600-22-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960022000104/egp-20221025.htm
  HTML page:      https://secwatch.observer/filing/0000049600-22-000104

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