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

EastGroup Q1 EPS rose to $1.22 from $1.02; FFO excluding gain up 8.8%

Positive Impact 3 of 5 earnings Written later

EastGroup Properties reported first-quarter 2024 results on April 23, 2024. Diluted earnings per share were $1.22, up from $1.02 a year earlier, and FFO excluding a gain on involuntary conversion and business interruption claims was $1.98 per share, up 8.8% from $1.82. The company's 2024 outlook calls for EPS of $4.45 to $4.65 and FFO of $8.17 to $8.37 per share, and management plans to discuss a revised outlook on a call on April 24, 2024.

Key points

  • Diluted EPS of $1.22 for Q1 2024 versus $1.02 for Q1 2023
  • FFO excluding gain on involuntary conversion and business interruption claims of $1.98 per share, up 8.8%
  • 2024 outlook: EPS of $4.45 to $4.65 and FFO of $8.17 to $8.37 per share
  • Quarterly dividend of $1.27 per share paid April 15, 2024; conference call on April 24, 2024 at 11:00 a.m. Eastern Time

The filing

CompanyEastGroup Properties (EGP)
Form8-K, current report
Filed with the SECApr 23, 2024, 4:26 PM ET
Accession number0000049600-24-000063

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 April 23, 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.