Eastgroup Properties (EGP) Tops Q4 EPS by 1c

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

EastGroup Properties Announces Fourth Quarter and Year 2022 Results

February 7, 2023 4:05 PM EST

 Fourth Quarter 2022 Results

Net Income Attributable to Common Stockholders of $0.89 Per Diluted Share for Fourth Quarter 2022 Compared to $1.75 Per Diluted Share for Fourth Quarter 2021 (Gains on Sales of Real Estate Investments Were $39 Million, or $0.95 Per Diluted Share, for Fourth Quarter 2021; There Were No Sales in Fourth Quarter 2022)Funds from Operations of $1.82 Per Share for Fourth Quarter 2022 Compared to $1.62 Per Share for Fourth Quarter 2021, an Increase of 12.3%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 7.1%... More