---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-24-000017"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T07:24:58.789896+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# EastGroup Q4 FFO $2.03 (+11.5% YoY); same-store NOI cash +7.5%; occupancy 98.7%

## Summary
- Net income $1.35 diluted EPS (vs. $0.89); FFO $2.03 diluted (vs. $1.82), up 11.5%.
- Same property NOI (ex-lease terminations) up 6.8% straight-line, 7.5% cash basis.
- Rental rates on new/renewal leases up 62.0% straight-line; operating portfolio 98.7% leased.
- Acquired three operating properties for ~$78M; started one development (244k sq ft, ~$35M).
- Declared quarterly dividend $1.27/share (176th consecutive); sold ~1.37M shares at $171.55 avg.

## SEC filing metadata
- accession: 0000049600-24-000017
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49600/000004960024000017/0000049600-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960024000017/egp-20240207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-24-000017
- JSON: https://secwatch.observer/filing/0000049600-24-000017.json
- Plain text: https://secwatch.observer/filing/0000049600-24-000017.txt

## Key facts
- Earnings Releases
  EASTGROUP PROPERTIES INC reported Fourth Quarter 2023 results: EPS $1.35 per diluted share.
  - Period: Fourth Quarter 2023
  - EPS: $1.35 per diluted share
  - Result: reported results
  source text: Net Income Attributable to Common Stockholders of $1.35 Per Diluted Share for Fourth Quarter 2023 Compared to $0.89 Per Diluted Share for Fourth Quarter 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/49600/000004960024000017/0000049600-24-000017-index.htm
- Earnings Releases
  EASTGROUP PROPERTIES INC reported Year 2023 results: EPS $4.42 per diluted share.
  - Period: Year 2023
  - EPS: $4.42 per diluted share
  - Result: reported results
  source text: Net Income Attributable to Common Stockholders of $4.42 Per Diluted Share for 2023 Compared to $4.36 Per Diluted Share for 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/49600/000004960024000017/0000049600-24-000017-index.htm

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