---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-23-000092"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:31:56.600727+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EastGroup Q2 FFO per share rises 11% to $1.91; same-store NOI up 6.4% cash

## Summary
- EPS $0.97 diluted vs $1.09 prior year due to no gains on real estate sales (vs $0.25 gain in 2022).
- FFO per share $1.91 (+11%); FFO ex-casualties $1.89 (+9.9%).
- Same property NOI ex-lease terminations +5.9% straight-line, +6.4% cash basis.
- Operating portfolio 98.5% leased, 98.2% occupied; rental rate increases on new/renewal leases +52.8%.
- Acquired one operating property ($34M) and 116.7 acres land ($18M); issued $163M in ATM equity at $169.72/sh.

## SEC filing metadata
- accession: 0000049600-23-000092
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2023-07-25T23:59:59+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/49600/000004960023000092/0000049600-23-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960023000092/egp-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-23-000092
- JSON: https://secwatch.observer/filing/0000049600-23-000092.json
- Plain text: https://secwatch.observer/filing/0000049600-23-000092.txt

## Key facts
- Earnings Releases
  EASTGROUP PROPERTIES INC reported the six months ended June 30, 2023 results: EPS $1.99 per diluted share.
  - Period: the six months ended June 30, 2023
  - EPS: $1.99 per diluted share
  - Result: reported results
  source text: Diluted EPS for the six months ended June 30, 2023 was $1.99 compared to $2.62 for the same period of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/49600/000004960023000092/0000049600-23-000092-index.htm
- Earnings Releases
  EASTGROUP PROPERTIES INC reported the three months ended June 30, 2023 results: EPS $0.97 per diluted share.
  - Period: the three months ended June 30, 2023
  - EPS: $0.97 per diluted share
  - Result: reported results
  source text: On a diluted per share basis, earnings per common share (“EPS”) were $0.97 for the three months ended June 30, 2023, compared to $1.09 for the same period of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/49600/000004960023000092/0000049600-23-000092-index.htm

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