secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000049600-24-000086
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960024000086/0000049600-24-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960024000086/egp-20240723.htm
  HTML page:      https://secwatch.observer/filing/0000049600-24-000086

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