EastGroup Properties, Inc. (EGP) reported first-quarter net income of $59.4 million or $1.14 per share, compared to $58.6 million or $1.22 per share last year.
For the three months ended March 31, 2025, funds from operations attributable to common stockholders were $2.15 per share compared to $1.98 per share during the same period of 2024, an increase of 8.6%.
FFO Excluding Gain on Involuntary Conversion and Business Interruption Claims was $2.12 per share for the three months ended March 31, 2025, compared to $1.98 per share for the same period of 2024, an increase of 7.1%.
Revenues for the quarter were $174.4 million, up from $154.2 million last year.
Looking forward, the company estimates earnings per share for 2025 to be in the range of $4.67 to $4.87 and FFO per share attributable to common stockholders for 2025 to be in the range of $8.84 to $9.04.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.