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%.
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 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 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 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 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 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 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 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 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 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 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 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