Stifel Downgrades EastGroup Properties (EGP) to Hold

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Go back to Stifel Downgrades EastGroup Properties (EGP) to Hold

EastGroup Properties Announces Second Quarter 2016 Results

July 20, 2016 4:01 PM EDT

JACKSON, Miss., July 20, 2016 /PRNewswire/ --

Net Income Attributable to Common Stockholders of $1.35 Per Share Compared to $.45 Per Share for the Same Quarter of 2015 Funds from Operations of $.99 Per Share Compared to $.92 Per Share for the Same Quarter Last Year, an Increase of 7.6% Same Property Net Operating Income (PNOI) Growth: Unadjusted: 2.7% Without Termination Fees: 2.1% Without Straight-Line Rent Adjustments: 3.2% Without Straight-Line Rent Adjustments and Termination Fees: 2.6% 97.2% Leased, 95.7% Occupied as of June 30, 2016; Average... More