Company: EGP
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000049600-25-000019
Chunk: 135

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-02-12
Form: 10-K
Item: Item 3
Chunk 135
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ization189,411 171,078 153,638 Company’s share of depreciation from unconsolidated investment125 124 124 Depreciation and amortization attributable to noncontrolling interest(5)(5)(17)Gain on sales of real estate investments                       (8,751)(17,965)(40,999)Gain on sales of non-operating real estate(362)(446)— FFO ATTRIBUTABLE TO COMMON STOCKHOLDERS408,169 353,277 298,928 Gain on involuntary conversion and business interruption claims(1,708)(4,187)— FFO ATTRIBUTABLE TO COMMON STOCKHOLDERS — EXCLUDING GAIN ON INVOLUNTARY CONVERSION AND BUSINESS INTERRUPTION CLAIMS$406,461 349,090 298,928 Net income attributable to common stockholders per diluted share$4.66 4.42 4.36 FFO attributable to common stockholders per diluted share$8.35 7.79 7.00 FFO attributable to common stockholders per diluted share — excluding gain on        involuntary conversion and business interruption claims$8.31 7.70 7.00 Diluted shares for earnings per share and funds from operations48,911 45,331 42,712 

The Company analyzes the following performance trends in evaluating the revenues and expenses of the Company:

•Net Income Attributable to EastGroup Properties, Inc. Common Stockholders for the year ended December 31, 2024 was $227,751,000 ($4.67 per basic and $4.66 per diluted share) compared to $200,491,000 ($4.43 per basic and $4.42 per diluted share) for 2023. See Results of Operations for further analysis.

•The change in FFO per diluted share represents the increase or decrease in FFO per diluted share from the current year compared to the prior year.  For 2024, FFO was $8.35 per diluted share compared with $7.79 per diluted share for 2023, an increase of 7.2%. FFO Excluding Gain on Involuntary Conversion and Business Interruption Claims was $8.31 per diluted share for the year ended December 31, 2024 compared to $7.70 per diluted share for 2023, an increase of 7.9%.  FFO