EastGroup Earnings Reports

EastGroup Properties reported a decrease in EPS to $1.16 compared to $1.35 in Q4 2023, primarily due to the absence of gains on sales of real estate investments and increased depreciation and amortization expenses. However, FFO per share excluding gains on involuntary conversion and business interruption claims increased by 5.9% to $2.15. The operating portfolio was 97.1% leased and 96.1% occupied.

EastGroup Properties announced its Q3 2024 results, highlighting an increase in net income attributable to common stockholders to $1.13 per diluted share, compared to $1.07 in Q3 2023. FFO excluding gains on involuntary conversion and business interruption claims increased by 9.2% to $2.13 per share. The operating portfolio was 96.9% leased and 96.5% occupied. Rental rates on new and renewal leases increased an average of 50.9% on a straight-line basis.

EastGroup Properties reported a strong second quarter in 2024, with FFO per share rising by 8.5% excluding involuntary conversions. The portfolio demonstrated resilience through high leased percentages and substantial year-to-date releasing spreads. The company expanded into the Raleigh market and continued development projects, reflecting optimism about future market conditions.

EastGroup Properties announced strong first quarter 2024 results, with net income attributable to common stockholders of $1.22 per diluted share, compared to $1.02 for Q1 2023. Funds from Operations (FFO) excluding gains rose 8.8% to $1.98 per share. Same property net operating income increased by 4.9% on a straight-line basis and 7.7% on a cash basis. The operating portfolio was 98.0% leased and 97.7% occupied as of March 31, 2024.

EastGroup Properties reported a strong fourth quarter in 2023, with FFO per share increasing by 11.5% and EPS at $1.35 compared to $0.89 in Q4 2022. The company benefited from a rise in property net operating income and gains on sales of real estate investments. EastGroup also made strategic acquisitions and dispositions, and continued to strengthen its balance sheet.

EastGroup Properties announced strong third-quarter results, driven by a resilient industrial market and strategic capital allocation. FFO per share increased by 13%, and the company made significant acquisitions and developments.

EastGroup Properties announced an 11% increase in FFO per share for the second quarter of 2023. The company's operating portfolio remains strong, with high leased and occupied percentages. Rental rates on new and renewal leases increased significantly, and the company continues to invest in development and acquisitions.

EastGroup Properties reported a solid first quarter in 2023, with FFO per share increasing by 9% and Same Property Net Operating Income (PNOI) growth. The company strategically managed its capital allocation, maintaining a strong balance sheet while navigating a period of economic uncertainty.

EastGroup Properties announced its Q4 2022 results, revealing a net income of $0.89 per diluted share and FFO of $1.82 per share, a 12.3% increase year-over-year. The operating portfolio maintained high occupancy and leasing rates, with significant rental rate increases on new and renewal leases. The company also continued its strategic expansion through land acquisitions and development projects.

EastGroup Properties announced its Q3 2022 results, highlighting a 14.2% increase in Funds From Operations (FFO) per share, a net income of $0.87 per diluted share, and strong same property net operating income growth. The company also focused on strategic capital allocation and maintaining a strong balance sheet amidst global economic uncertainty.

EastGroup Properties announced strong second-quarter results, with a 17% increase in FFO per share. The company benefited from robust leasing activity, high occupancy rates, and strong same-store net operating income growth. EGP remains cautious about the global economy and rising interest rates but is optimistic about long-term growth prospects.

EastGroup Properties announced a strong start to 2022, with net income attributable to common stockholders at $1.54 per diluted share. The company saw a 15.9% increase in Funds from Operations (FFO) per share, alongside an 8.5% increase in Same Property Net Operating Income (excluding lease terminations) on a cash basis.

EastGroup Properties reported a strong fourth quarter in 2021, with net income attributable to common stockholders increasing to $1.75 per diluted share, up from $0.94 in Q4 2020. Funds from Operations (FFO) also saw a substantial increase, rising to $1.62 per share compared to $1.38 in the previous year. The company's operating portfolio remained highly leased and occupied, and rental rates on new and renewal leases increased significantly.

EastGroup Properties announced strong third quarter results with significant increases in net income and funds from operations. The company expanded its portfolio through strategic acquisitions and development projects, while also increasing its dividend.

EastGroup Properties reported a strong second quarter in 2021, with net income attributable to common stockholders increasing to $0.69 per diluted share, compared to $0.60 in the same period of 2020. Funds from Operations (FFO) also saw a significant rise, reaching $1.47 per share, a 10.5% increase from Q2 2020. The company's portfolio maintained high occupancy and rental rate growth, reflecting robust demand in their Sunbelt market.

EastGroup Properties reported a strong first quarter in 2021, with net income attributable to common stockholders increasing to $0.69 per diluted share from $0.60 in the same period last year. Funds from Operations (FFO) also saw a significant rise, reaching $1.45 per share compared to $1.31, marking a 10.7% increase. The company experienced notable growth in same property net operating income and maintained high occupancy rates.

EastGroup Properties reported a net income of $0.94 per diluted share for Q4 2020, compared to $1.28 per diluted share for Q4 2019. Funds from Operations (FFO) were $1.38 per share, an 8.7% increase from Q4 2019. The company's portfolio was 98.0% leased and 97.3% occupied as of December 31, 2020, with average occupancy of 96.9% for the quarter. Rental rates on new and renewal leases increased an average of 15.4% on a straight-line basis.

EastGroup Properties announced a strong third quarter with FFO per share increasing by 6.3% to $1.36 and EPS at $0.62. The company's portfolio performance exceeded expectations, with same property net operating income increasing by 3.0% on a cash basis. EGP also increased the dividend by $0.04 per share (5.3%) to $0.79 per share.

EastGroup Properties announced strong second-quarter results, with FFO per share increasing by 9.0% to $1.33 and EPS at $0.60. The company's portfolio remained stable with high leased and occupied percentages. Rental rates on new and renewal leases increased by 13.8%.

EastGroup Properties reported a net income of $0.60 per share for Q1 2020, slightly lower than $0.62 per share in Q1 2019. Funds from Operations (FFO) increased by 9.2% to $1.31 per share, and Same Property Net Operating Income (NOI) rose by 1.7% on a straight-line basis and 3.7% on a cash basis. The company maintained high occupancy rates and increased rental rates on new and renewal leases.

EastGroup Properties reported a strong fourth quarter in 2019, with EPS of $1.28 and FFO of $1.27 per share. The company saw an increase in same-property net operating income and high leased and occupied percentages. They also strategically expanded their portfolio through acquisitions and development projects.