Eastgroup Properties (EGP) Tops Q2 FFO by 1c/Share

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Go back to Eastgroup Properties (EGP) Tops Q2 FFO by 1c/Share

EastGroup Properties Announces Second Quarter 2015 Results

July 16, 2015 4:05 PM EDT

JACKSON, Miss., July 16, 2015 /PRNewswire/ --

Funds from Operations of $29.6 Million ($.92 Per Share) for the Quarter Compared to $26.3 Million ($.84 Per Share) for the Same Quarter Last Year, an Increase of 9.5% Per Share Net Income Attributable to Common Stockholders of $14.5 Million ($.45 Per Diluted Share) for the Quarter Same Property Net Operating Income Growth of 4.0% for the Quarter; 5.0% Increase Without Straight-Line Rent Adjustments 97.1% Leased, 96.2% Occupied as of June 30, 2015 Renewed or Re-Leased 83% of Expiring Square Feet During the Quarter  GAAP Rental Rates on... More