Eastgroup Properties (EGP) Tops Q1 EPS by 9c, Revenues Beat; Offers FY19 EPS Guidance Above Consensus

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Go back to Eastgroup Properties (EGP) Tops Q1 EPS by 9c, Revenues Beat; Offers FY19 EPS Guidance Above Consensus

EastGroup Properties Announces First Quarter 2019 Results

April 22, 2019 4:05 PM EDT

JACKSON, Miss., April 22, 2019 /PRNewswire/ --

First Quarter 2019 Results

Net Income Attributable to Common Stockholders of $0.62 Per Share for First Quarter 2019 Compared to $0.83 Per Share for First Quarter 2018 (2019 Included Gains on Sales of Real Estate Investments and Non-Operating Real Estate of $2.3 Million, or $0.06 Per Share, Compared to $10.3 Million, or $0.30 Per Share, in First Quarter 2018) Funds from Operations of $1.20 Per Share for First Quarter 2019 Compared to $1.14* Per Share for First Quarter 2018, an Increase of 5.3% Same Property Net Operating Income for the Annual Same Property Pool (Excluding Income From... More