---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-23-000107"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T15:02:20.801513+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EastGroup Properties Q3 FFO per share $2.00, up 13% YoY; same-property NOI up 6.9% cash

## Summary
- Diluted EPS $1.07 vs $0.87 YoY; FFO $2.00/share vs $1.77, up 13.0%.
- Same property NOI (cash) +6.9%; rental rates on new/renewal leases up 55.4% straight-line.
- Operating portfolio 98.5% leased, 97.7% occupied; average occupancy 97.7% for Q3.
- Acquired one operating property for $53M and 93.4 acres of development land for $27M.
- Repaid $50M unsecured debt at 3.8%, repaid mortgage leaving no secured debt; refinanced $100M term loan to 2.61%.

## SEC filing metadata
- accession: 0000049600-23-000107
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2023-10-24T23:59:59+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/49600/000004960023000107/0000049600-23-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960023000107/egp-20231024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-23-000107
- JSON: https://secwatch.observer/filing/0000049600-23-000107.json
- Plain text: https://secwatch.observer/filing/0000049600-23-000107.txt

## Key facts
- Earnings Releases
  EASTGROUP PROPERTIES INC reported Third quarter ended September 30, 2023 results: net income Net Income Attributable to Common Stockholders of $1.07 Per Diluted Share for Third Quarter 2023, EPS $1.07 per diluted share.
  - Period: Third quarter ended September 30, 2023
  - Net income: Net Income Attributable to Common Stockholders of $1.07 Per Diluted Share for Third Quarter 2023
  - EPS: $1.07 per diluted share
  - Result: reported results
  source text: EastGroup Properties Announces (601) 354-3555 Third Quarter 2023 Results Third Quarter 2023 Results • Net Income Attributable to Common Stockholders of $1.07 Per Diluted Share for Third Quarter 2023 Compared to $0.87 Per Diluted Share for Third Quarter 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/49600/000004960023000107/0000049600-23-000107-index.htm

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