Eastgroup Properties (EGP) Reports In-Line Q3 FFO

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Go back to Eastgroup Properties (EGP) Reports In-Line Q3 FFO

EastGroup Properties Announces Third Quarter 2016 Results

October 19, 2016 4:05 PM EDT

JACKSON, Miss., Oct. 19, 2016 /PRNewswire/ --

Net Income Attributable to Common Stockholders of $.45 Per Share Compared to $.37 Per Share for the Same Quarter of 2015 Funds from Operations of $1.04 Per Share Compared to $.94 Per Share for the Same Quarter Last Year, an Increase of 10.6% Same Property Net Operating Income (PNOI) Growth of 3.8% 97.3% Leased, 96.3% Occupied as of September 30, 2016; Average Occupancy of 95.8% for the Quarter Rental Rates on New and Renewal Leases Increased an Average of 10.6% Sold 20 Acres of Land for $4.1 Million Acquired... More