---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-24-000086"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2024-07-23T23:59:59+00:00"
generated_at: "2026-05-31T18:16:07.393053+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# EastGroup Q2 FFO per share rises 8.5% to $2.05; same-store NOI up 5.3%

## Summary
- Diluted EPS $1.14 vs $0.97 YoY; FFO ex-special items $2.05, up 8.5%.
- Same Property NOI (ex-terminations) +5.3% straight-line and cash basis.
- Operating portfolio 97.4% leased; rental rates on new/renewal leases +59.7% straight-line.
- Entered Raleigh market with $53M acquisition (274K sq ft); started $13M development project.
- Transferred two development projects (294K sq ft) to operating portfolio.

## SEC filing metadata
- accession: 0000049600-24-000086
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2024-07-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49600/000004960024000086/0000049600-24-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960024000086/egp-20240723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-24-000086
- JSON: https://secwatch.observer/filing/0000049600-24-000086.json
- Plain text: https://secwatch.observer/filing/0000049600-24-000086.txt

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