EastGroup Properties Q1 FFO per share $1.98, up 8.8% YoY; same-property NOI up 7.7% cash basis

EASTGROUP PROPERTIES INC

2024-Q1 EPS reported $1.22 revenue$154,224,000

Net income $1.22 diluted EPS vs $1.02 YoY; FFO (ex. items) $1.98 vs $1.82, +8.8%.
Same-property NOI (cash) +7.7%; portfolio 98.0% leased, 97.7% occupied.
Rental rate releasing spreads +57.8% straight-line on 3.6% of portfolio.
Acquired one operating property for ~$55M; sold Jackson MS portfolio for ~$14M.
Started construction of two development projects (388k sq ft, ~$52M total); transferred 133k sq ft fully leased project.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EASTGROUP PROPERTIES INC reported the three months ended March 31, 2024 results: EPS $1.22 Per Diluted Share.

Period: the three months ended March 31, 2024
EPS: $1.22 Per Diluted Share
Result: reported results

Exact text from the filing

Net Income Attributable to Common Stockholders of $1.22 Per Diluted Share for First Quarter 2024

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EASTGROUP PROPERTIES INC filing history →

Source: SEC EDGAR

accession 0000049600-24-000063

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