---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-24-000106"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:13:58.014250+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EastGroup Properties Q3 2024 FFO per share $2.13, up 9.2% YoY; same-property NOI up 5.5%

## Summary
- Net income $1.13 per diluted share vs $1.07 in Q3 2023.
- FFO excluding gain on involuntary conversion and business interruption claims $2.13 per share, up 9.2% YoY.
- Operating portfolio 96.9% leased and 96.5% occupied; rental rates on new/renewal leases up 50.9% straight-line.
- Acquired 179k sq ft for ~$36M; started two development projects totaling 310k sq ft with projected costs ~$40M.
- Same property NOI excluding lease terminations increased 5.5% straight-line and 5.9% cash basis.

## SEC filing metadata
- accession: 0000049600-24-000106
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2024-10-23T23:59:59+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/49600/000004960024000106/0000049600-24-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960024000106/egp-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-24-000106
- JSON: https://secwatch.observer/filing/0000049600-24-000106.json
- Plain text: https://secwatch.observer/filing/0000049600-24-000106.txt

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