---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-23-000016"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T23:18:21.303529+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EastGroup Q4 FFO per share $1.82 (+12.3% YoY); same-property NOI up 8.7% cash

## Summary
- 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%.

## SEC filing metadata
- accession: 0000049600-23-000016
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49600/000004960023000016/0000049600-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960023000016/egp-20230207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-23-000016
- JSON: https://secwatch.observer/filing/0000049600-23-000016.json
- Plain text: https://secwatch.observer/filing/0000049600-23-000016.txt

## Key facts
- Earnings Releases
  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
  source text: Net Income Attributable to Common Stockholders of $4.36 Per Diluted Share for 2022 Compared to $3.90 Per Diluted Share for 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/49600/000004960023000016/0000049600-23-000016-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/49600/000004960023000016/0000049600-23-000016-index.htm

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