---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-25-000016"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T01:59:58.103088+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EastGroup Q4 FFO ex items $2.15 (+5.9% YoY); FY2024 FFO $8.31 (+7.9% YoY)

## Summary
- Q4 net income attributable to common stockholders $1.16 diluted EPS vs $1.35 in Q4 2023 (prior year had $0.28 gain on sales).
- FFO excluding gain on involuntary conversion and business interruption claims: Q4 $2.15 per share (+5.9% YoY); FY2024 $8.31 (+7.9% YoY).
- Same property NOI (straight-line) grew 3.6% in Q4 and 4.8% for FY2024; cash basis +3.4% Q4 and +5.6% FY2024.
- Operating portfolio 97.1% leased; rental rate increases on new/renewal leases averaged 46.6% straight-line in Q4.
- Q4 acquisitions: three operating properties for ~$257M; started five development projects totaling 802K sq ft with projected cost ~$125M.

## SEC filing metadata
- accession: 0000049600-25-000016
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2025-02-06T23:59:59+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/49600/000004960025000016/0000049600-25-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960025000016/egp-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-25-000016
- JSON: https://secwatch.observer/filing/0000049600-25-000016.json
- Plain text: https://secwatch.observer/filing/0000049600-25-000016.txt

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