Eastgroup Properties (EGP) Misses Q4 EPS by 3c

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Go back to Eastgroup Properties (EGP) Misses Q4 EPS by 3c

EastGroup Properties Announces Fourth Quarter and Year 2018 Results

February 6, 2019 4:05 PM EST

JACKSON, Miss., Feb. 6, 2019 /PRNewswire/ --  

Fourth Quarter 2018 Results

Net Income Attributable to Common Stockholders of $0.51 Per Share (Same as the Fourth Quarter of 2017) Funds from Operations of $1.18 Per Share Compared to $1.14 Per Share for the Fourth Quarter of 2017, an Increase of 3.5% Same Property Net Operating Income (PNOI) for the Annual Same Property Pool (Excluding Income From Lease Terminations) for Fourth Quarter 2018 Increased 2.5% on a Straight-Line Basis and 3.7% on a Cash Basis Compared to Fourth Quarter 2017 97.3% Leased, 96.8% Occupied as of December 31, 2018; Average Occupancy of... More