8-K
filed February 7, 2023, 6:59 PM ET
ticker EGP
CIK 0000049600
earnings
confidence high
sentiment positive
materiality 0.75
EastGroup Q4 FFO per share $1.82 (+12.3% YoY); same-property NOI up 8.7% cash
EASTGROUP PROPERTIES INC
2022-FY EPS reported
$4.36
revenue$487,025,000
- Q4 diluted EPS $0.89 vs $1.75 last year (prior year included $0.95 gain on sales).
- FFO per share $1.82 vs $1.62; full-year FFO $7.00 vs $6.09 (+14.9%).
- Same-property NOI (cash) increased 8.7%; operating portfolio 98.3% occupied.
- Rental rate spreads on new/renewal leases averaged +49.2% straight-line in Q4.
- Closed $150M unsecured debt (4.90%/11yr, 4.95%/12yr) and $100M term loan at 5.27%.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
EASTGROUP PROPERTIES INC reported the twelve months ended December 31, 2022 results: net income $4.36 Per Diluted Share, EPS $4.36.
- Period
- the twelve months ended December 31, 2022
- Net income
- $4.36 Per Diluted Share
- EPS
- $4.36
- Result
- reported results
Exact text from the filing
Net Income Attributable to Common Stockholders of $4.36 Per Diluted Share for 2022 Compared to $3.90 Per Diluted Share for 2021
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
EASTGROUP PROPERTIES INC reported the three months ended December 31, 2022 results: net income $0.89 Per Diluted Share, EPS $0.89.
- Period
- the three months ended December 31, 2022
- Net income
- $0.89 Per Diluted Share
- EPS
- $0.89
- Result
- reported results
Exact text from the filing
Net Income Attributable to Common Stockholders of $0.89 Per Diluted Share for Fourth Quarter 2022 Compared to $1.75 Per Diluted Share for Fourth Quarter 2021
View on SEC.gov
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