Eastgroup Properties (EGP) Misses Q4 EPS by 1c

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Go back to Eastgroup Properties (EGP) Misses Q4 EPS by 1c

EastGroup Properties Announces Fourth Quarter And Year 2016 Results

February 1, 2017 4:30 PM EST

JACKSON, Miss., Feb. 1, 2017 /PRNewswire/ --

FOURTH QUARTER 2016 RESULTS

Net Income Attributable to Common Stockholders of $.46 Per Share Compared to $.35 Per Share for the Same Quarter of 2015 Funds from Operations of $1.08 Per Share Compared to $.94 Per Share for the Same Quarter Last Year, an Increase of 14.9% Same Property Net Operating Income (PNOI) Growth of 5.0% 97.3% Leased, 96.8% Occupied as of December 31, 2016; Average Occupancy of 96.0% for the Quarter Rental Rates on New and Renewal Leases Increased an Average of 13.0% Acquired... More