secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0000049600-23-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960023000016/0000049600-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960023000016/egp-20230207.htm
  HTML page:      https://secwatch.observer/filing/0000049600-23-000016

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