secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000049600-24-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960024000063/0000049600-24-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960024000063/egp-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000049600-24-000063

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