---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-24-000063"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:43:41.783635+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000049600-24-000063
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2024-04-23T23:59:59+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/49600/000004960024000063/0000049600-24-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960024000063/egp-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-24-000063
- JSON: https://secwatch.observer/filing/0000049600-24-000063.json
- Plain text: https://secwatch.observer/filing/0000049600-24-000063.txt

## Key facts
- Earnings Releases
  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
  source text: Net Income Attributable to Common Stockholders of $1.22 Per Diluted Share for First Quarter 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/49600/000004960024000063/0000049600-24-000063-index.htm

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