---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-25-000064"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:32:00.120016+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# EastGroup Q1 FFO ex-items $2.12 (+7.1% YoY); same-property NOI up 5.3%; occupancy 96.5%

## Summary
- Diluted GAAP EPS of $1.14 vs $1.22 YoY; prior-year quarter included $0.18 gain on property sales.
- FFO excluding gains and involuntary conversion of $2.12 per share, up 7.1% from $1.98 YoY.
- Same property NOI (ex lease terminations) increased 5.3% straight-line, 5.2% cash basis.
- Operating portfolio 97.3% leased, 96.5% occupied; rental rates on new/renewal leases up 46.9%.
- Signed 30% more operating portfolio lease sq ft vs Q1 2024; transferred 375k sq ft development to operating.

## SEC filing metadata
- accession: 0000049600-25-000064
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49600/000004960025000064/0000049600-25-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960025000064/egp-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-25-000064
- JSON: https://secwatch.observer/filing/0000049600-25-000064.json
- Plain text: https://secwatch.observer/filing/0000049600-25-000064.txt

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