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Dec 31, 2019
EastGroup Q4 2019 Earnings Report
EastGroup's Q4 2019 performance reflected team strength, portfolio quality, and a healthy industrial market, with record metrics in occupancy, rent increases, development starts, equity raised, and FFO per share.
Key Takeaways
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.
Net Income Attributable to Common Stockholders was $1.28 Per Share.
Funds from Operations was $1.27 Per Share.
Leased percentage was 97.6% and Occupancy was 97.1% as of December 31, 2019.
Rental Rates on New and Renewal Leases Increased an Average of 18.3%.
Forward Guidance
EastGroup provided its outlook for 2020, estimating EPS to be in the range of $2.25 to $2.35 and FFO per share to be in the range of $5.25 to $5.35.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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