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

EastGroup Q3 FFO per share rises 9.2% to $2.13; 2024 FFO outlook narrowed

Positive Impact 3 of 5 guidance Written later

EastGroup Properties reported third-quarter 2024 diluted EPS of $1.13, up from $1.07 a year earlier, and FFO excluding gains on involuntary conversion and business interruption claims of $2.13 per share, up 9.2%. The company revised its 2024 FFO per share guidance to $8.33 to $8.37 from $8.28 to $8.38, a narrower range with a slightly higher midpoint, which matters to shareholders because it reflects management's updated view of full-year earnings.

Key points

  • Q3 2024 diluted EPS was $1.13 versus $1.07 in Q3 2023; FFO excluding gains was $2.13 per share versus $1.95, up 9.2%.
  • 2024 FFO per share guidance revised to $8.33 to $8.37 from the July range of $8.28 to $8.38; 2024 EPS guidance is $4.64 to $4.68.
  • Operating portfolio was 96.9% leased and 96.5% occupied as of September 30, 2024.
  • Q3 dividend of $1.40 per share was paid October 15, 2024, a 10.2% increase over the prior quarter's dividend.

The filing

CompanyEastGroup Properties (EGP)
Form8-K, current report
Filed with the SECOct 23, 2024, 4:08 PM ET
Accession number0000049600-24-000106

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 October 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.