Company: EGP
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0000049600-25-000109
Chunk: 111

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 111
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able to a high degree under modified gross leases.  Modified gross leases often include base year amounts, and expense increases over these amounts are recoverable.  The Company’s exposure to property operating expenses is primarily due to vacancies and leases for occupied space that limit the amount of expenses that can be recovered.

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The following table presents reconciliations of Net Income Attributable to EastGroup Properties, Inc. Common Stockholders to FFO Attributable to Common Stockholders for the three and nine months ended September 30, 2025 and 2024.

 Three Months EndedSeptember 30,Nine Months Ended                                                                                                                                            September 30, 2025202420252024 (In thousands, except per share data)NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES,  INC. COMMON STOCKHOLDERS$66,943 55,180 189,665 169,111 Depreciation and amortization54,131 48,917 159,663 139,749 Company’s share of depreciation from unconsolidated investment 31 32 93 94 Depreciation and amortization attributable to noncontrolling interest(2)(2)(4)(4)Gain on sales of real estate investments— — — (8,751)Gain on sales of non-operating real estate— — — (222)FFO ATTRIBUTABLE TO COMMON STOCKHOLDERS121,103 104,127 349,417 299,977 Gain on involuntary conversion and business interruption claims— — (1,763)(1,708)FFO ATTRIBUTABLE TO COMMON STOCKHOLDERS, EXCLUDING GAIN ON INVOLUNTARY CONVERSION AND BUSINESS INTERRUPTION CLAIMS$121,103 104,127 347,654 298,269 Net income attributable to common stockholders per diluted share$1.26 1.13 3.60 3.49 FFO attributable to common stockholders per diluted share$2.27 2.13 6.64 6.19 FFO attributable to common stockholders per diluted share, excluding gain on involuntary conversion and business interruption claims $2.27 2.13 6.61 6.16 Diluted shares for earnings per share and funds from operations per share53,264 48,999 52,624 48,435 

The Company analyzes the following performance trends in evaluating the