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AI brief of an SEC Form 8-K · EastGroup Properties (EGP)

EastGroup Properties Q4 FFO up 11.5% to $2.03 per share; 2024 FFO guided at $8.17-$8.37

Positive Impact 3 of 5 earnings Written later

EastGroup Properties reported fourth-quarter 2023 diluted EPS of $1.35 and FFO of $2.03 per share, up 11.5% from a year earlier, with 98.7% of its operating portfolio leased at year-end. The company also gave 2024 guidance of $8.17 to $8.37 in FFO per share, compared with $7.79 for 2023, which the filing says reflects 6.2% growth at the midpoint. For shareholders, the results and outlook are the key figures, along with a declared quarterly dividend of $1.27 per share.

Key points

  • Q4 2023 diluted EPS was $1.35, compared with $0.89 in Q4 2022; FFO was $2.03 per share, compared with $1.82.
  • Full-year 2023 FFO was $7.79 per share, up 11.3% from $7.00; diluted EPS was $4.42, compared with $4.36.
  • 2024 guidance: EPS of $4.09 to $4.29 and FFO of $8.17 to $8.37 per share.
  • Quarterly cash dividend of $1.27 per share declared, the company's 176th consecutive quarterly dividend.

The filing

CompanyEastGroup Properties (EGP)
Form8-K, current report
Filed with the SECFeb 7, 2024, 4:23 PM ET
Accession number0000049600-24-000017

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 07, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.