UPDATE: EastGroup Properties (EGP) Misses Q4 FFO by 1c; Guides Q1 FFO Below Views

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Go back to UPDATE: EastGroup Properties (EGP) Misses Q4 FFO by 1c; Guides Q1 FFO Below Views

EastGroup Properties Announces Fourth Quarter And Year 2015 Results

February 1, 2016 4:16 PM EST

JACKSON, Miss., Feb. 1, 2016 /PRNewswire/ --

FOURTH QUARTER 2015 RESULTS

Funds from Operations of $.94 Per Share Compared to $.91 Per Share for the Same Quarter Last Year, an Increase of 3.3% Per Share  Same Property Net Operating Income (PNOI) Growth:  GAAP 0.9%  GAAP Without Termination Fees 1.9%  Without Straight-Line Rent Adjustments 0.5%   Without Straight-Line Rent Adjustments and Termination Fees 2.0%  97.2% Leased, 96.1% Occupied as of December 31, 2015; Average Occupancy of 95.7% for the Quarter   GAAP Rental Rates on New and Renewal Leases Increased an Average of 13.3%   Acquired Two Operating Properties... More