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

EastGroup Q2 EPS rises to $1.14; raises 2024 FFO outlook to $8.28-$8.38

Positive Impact 4 of 5 earnings Written later

EastGroup reported second-quarter 2024 diluted EPS of $1.14, up from $0.97 a year earlier, and FFO of $2.09 per share, up 9.4%. The company also revised its 2024 FFO guidance to $8.28-$8.38 per share from $8.17-$8.37 in April, a higher range for shareholders.

Key points

  • Q2 2024 diluted EPS was $1.14 versus $0.97 in Q2 2023; FFO excluding gains was $2.05 per share, up 8.5%
  • Same PNOI excluding lease termination income rose 5.3% on both straight-line and cash bases for the quarter
  • 2024 FFO per share guidance revised to $8.28-$8.38; 2024 EPS guidance set at $4.63-$4.73
  • Operating portfolio was 97.4% leased as of June 30, 2024, with average occupancy of 97.0% for the quarter versus 98.1% a year earlier

The filing

CompanyEastGroup Properties (EGP)
Form8-K, current report
Filed with the SECJul 23, 2024, 4:18 PM ET
Accession number0000049600-24-000086

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 July 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.