secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0000049600-25-000099
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EastGroup Q2 FFO $2.21/diluted share (+7.8% YoY); same-property NOI up 6.6%
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- Net income $1.20/diluted share vs $1.14 YoY; FFO ex-items $2.21 vs $2.05 (+7.8%).
- Same Property NOI (straight-line) +6.6% YoY; cash basis +6.4%.
- Operating portfolio 97.1% leased, 96.0% occupied; rental rate increases avg 44.4% on new/renewal leases.
- Started construction on 469k sq ft in Nashville and Atlanta (~$70M total cost); transferred 785k sq ft to operating portfolio.
- Post-quarter: acquired two Raleigh properties (318k sq ft) for ~$61M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960025000099/0000049600-25-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960025000099/egp-20250723.htm
  HTML page:      https://secwatch.observer/filing/0000049600-25-000099

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