David M. Fields
appointed David M. Fields to the Board as an independent director
Highest-materiality recent filing
EastGroup Q2 2026: EPS $1.40, FFO $2.36, occupancy 96.8%, raises development guidance to $325M
Net income $1.40 diluted EPS vs $1.20 in Q2 2025; FFO (excl. gain) $2.36 vs $2.21, up 6.8%.
All seven director nominees elected: Pamela J. Kessler received 48,279,686 votes for, highest among nominees.
EastGroup Q1 2026 FFO ex-items $2.30/share, up 8.5% YoY; same-property NOI +9.2% cash
Net income of $1.77/diluted share vs $1.14 in Q1 2025; includes $0.46 gain on real estate sales ($25M).
EastGroup Q4 FFO per share $2.34, up 8.8% YoY; same-property NOI up 8.5%
Q4 2025 diluted EPS $1.27 vs $1.16 YoY; FFO ex-items $2.34 vs $2.15 (+8.8%).
EastGroup Properties promotes Dunbar to President, Tyler to CFO, Wood to COO effective Jan 1, 2026
Reid Dunbar named President; Staci Tyler becomes EVP, CFO and Treasurer; Brent Wood becomes EVP, COO; Michelle Rayner becomes SVP, CAO.
EastGroup Properties establishes $1B ATM equity program, replaces prior $520M unsold facility
New ATM program allows sale of up to $1B of common stock through multiple sales agents.
EastGroup enters $250M unsecured term loan; removes 0.10% SOFR adjustment on existing credit lines
$250M unsecured term loan split: Tranche A $100M (matures Apr 2030), Tranche B $150M (matures Mar 2031).
EastGroup Q3 EPS $1.26, FFO $2.27; dividend raised 10.7% to $1.55
Diluted EPS of $1.26 vs $1.13 YoY; FFO per share $2.27 vs $2.13, up 6.6%.
EastGroup Q2 FFO $2.21/diluted share (+7.8% YoY); same-property NOI up 6.6%
Net income $1.20/diluted share vs $1.14 YoY; FFO ex-items $2.21 vs $2.05 (+7.8%).
EastGroup shareholders elect all seven director nominees, ratify KPMG, approve say-on-pay
All seven director nominees elected: D. Pike Aloian, H. Eric Bolton, Jr., Donald F. Colleran, David M. Fields, Marshall A. Loeb, Mary E. McCormick, Katherine M. Sandstrom.
EastGroup Q1 FFO ex-items $2.12 (+7.1% YoY); same-property NOI up 5.3%; occupancy 96.5%
Diluted GAAP EPS of $1.14 vs $1.22 YoY; prior-year quarter included $0.18 gain on property sales.
EastGroup Q4 FFO ex items $2.15 (+5.9% YoY); FY2024 FFO $8.31 (+7.9% YoY)
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).
EastGroup Properties registers $1B ATM equity offering; prior program terminated
New sales agency financing agreement allows sale of up to $1,000,000,000 in common stock via ATM offerings.
EastGroup Properties Q3 2024 FFO per share $2.13, up 9.2% YoY; same-property NOI up 5.5%
Net income $1.13 per diluted share vs $1.07 in Q3 2023.
EastGroup Properties amends bylaws to update stockholder nomination and proxy rules
Board amended and restated bylaws effective Aug 23, 2024, with changes to stockholder nominations and business proposals.
EastGroup Q2 FFO per share rises 8.5% to $2.05; same-store NOI up 5.3%
Diluted EPS $1.14 vs $0.97 YoY; FFO ex-special items $2.05, up 8.5%.
EastGroup enters $625M revolver; matures July 2028, repays existing facility
New $625M unsecured revolver replaces June 2021 facility; $625M accordion feature included.
All seven director nominees elected, including Katherine M. Sandstrom with 36.1M votes for and 5.6M against.
EastGroup Properties Q1 FFO per share $1.98, up 8.8% YoY; same-property NOI up 7.7% cash basis
Net income $1.22 diluted EPS vs $1.02 YoY; FFO (ex. items) $1.98 vs $1.82, +8.8%.
EastGroup Q4 FFO $2.03 (+11.5% YoY); same-store NOI cash +7.5%; occupancy 98.7%
Net income $1.35 diluted EPS (vs. $0.89); FFO $2.03 diluted (vs. $1.82), up 11.5%.
EastGroup Properties launches $750M ATM equity program, replaces prior facility
Company entered sales agency financing agreement for up to $750M in common stock offerings.
EastGroup Properties Q3 FFO per share $2.00, up 13% YoY; same-property NOI up 6.9% cash
Diluted EPS $1.07 vs $0.87 YoY; FFO $2.00/share vs $1.77, up 13.0%.
EastGroup Q2 FFO per share rises 11% to $1.91; same-store NOI up 6.4% cash
EPS $0.97 diluted vs $1.09 prior year due to no gains on real estate sales (vs $0.25 gain in 2022).
EastGroup Properties elects Donald F. Colleran as Chairman; shareholders approve 2023 equity plan
Donald F. Colleran appointed Chairman of the Board effective May 25, 2023, succeeding David H. Hoster II who did not stand for re-election.
EastGroup Q1 FFO per share rises 9.5% to $1.84; occupancy 98.7%
Net income per diluted share $1.02 vs $1.54 YoY, lowered by smaller gains on sales.
EastGroup Q4 FFO per share $1.82 (+12.3% YoY); same-property NOI up 8.7% cash
Q4 diluted EPS $0.89 vs $1.75 last year (prior year included $0.95 gain on sales).
EastGroup Properties ups revolving credit facility to $625M, shifts to SOFR
Total commitment increased by $200M, from $425M to $625M.
EastGroup Properties establishes $750M ATM equity program, replaces prior $305M unsold facility
Sales agreement with multiple agents for up to $750M common stock in at-the-market offerings.
EastGroup Q3 FFO per share up 14.2% to $1.77; dividend raised 13.6% to $1.25
Net income $0.87 diluted EPS vs $0.76 YoY; FFO per share $1.77 vs $1.55, up 14.2%.
EastGroup Properties issues $150M in senior notes at 4.90%/4.95% due 2033/2034
$75M of 4.90% Series A Senior Notes due Oct 12, 2033; $75M of 4.95% Series B Senior Notes due Oct 12, 2034.
EastGroup Q2 FFO $1.72 (+17% YoY); same-property NOI up 9.5% cash basis
Net income $1.09 diluted EPS vs $0.69 YoY; gains on sales added $0.25.
EastGroup acquires Tulloch Corp portfolio in CA for ~1.87M shares + $60M debt assumption
Acquired 14 industrial properties (1.7M sq ft) and two land parcels in San Francisco and Sacramento markets.
EastGroup shareholders elect all nine director nominees, ratify auditor, approve say-on-pay
Nine directors elected with affirmative votes ranging from 34.6M to 37.3M; broker non-votes of 1.93M.
EastGroup to acquire California property portfolio; to issue up to 1.9M shares at $190+
Entered merger agreement to acquire an unrelated entity owning a California property portfolio; consideration includes up to ~1.9M shares at min $190/share and assumed debt.
EastGroup Q1 FFO $1.68 (+15.9% YoY); same property NOI +8.5% cash; occupancy 98.8%
Net income diluted $1.54 (incl $0.73 gain on sales); FFO $1.68 (+15.9% vs $1.45 prior year).
EastGroup Q4 FFO $1.62 (+17.4% YoY), dividend +22.2%, issues $150M 3.03% notes
Q4 2021 FFO $1.62/share (vs $1.38 in Q4 2020, +17.4%); EPS $1.75 on $39M gains from property sales.
EastGroup appoints David M. Fields to board, expanding to nine directors
David M. Fields appointed as independent director, effective Feb. 1, 2022.
EastGroup Q3 FFO $1.55/share (+14% YoY); dividend raised 13.9% to $0.90
Net income $0.76 diluted EPS vs $0.62 a year ago; FFO $1.55 per share, up 14.0% YoY.
EastGroup adds TD Securities as sales agent in ATM offering program
Entered Sales Agency Financing Agreement with TD Securities (USA) LLC on July 28, 2021.
EastGroup Properties Q2 2021: FFO $1.47/sh (+10.5%), Same-Property NOI +5.6% cash basis
Net income $0.69 per diluted share vs $0.60 in Q2 2020; FFO $1.47 per share (+10.5% YoY).
EastGroup Properties ups revolving credit facility to $425M, extends maturity to 2025
Revolving facility increased from $350M to $425M; $325M accordion feature available.
appointed David M. Fields to the Board as an independent director
Max materiality 0.85 · Median 0.70 · Most common event earnings