Company: EGP
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0000049600-25-000100
Chunk: 46

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Part I, Item 1
Chunk 46
---
 (In thousands, except per share data)NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES,  INC. COMMON STOCKHOLDERS$63,299 55,287 122,722 113,931 Depreciation and amortization53,012 45,663 105,532 90,832 Company’s share of depreciation from unconsolidated investment 31 31 62 62 Depreciation and amortization attributable to noncontrolling interest(1)(1)(2)(2)Gain on sales of real estate investments— — — (8,751)Gain on sales of non-operating real estate— — — (222)FFO ATTRIBUTABLE TO COMMON STOCKHOLDERS116,341 100,980 228,314 195,850 Gain on involuntary conversion and business interruption claims— (1,708)(1,763)(1,708)FFO ATTRIBUTABLE TO COMMON STOCKHOLDERS, EXCLUDING GAIN ON INVOLUNTARY CONVERSION AND BUSINESS INTERRUPTION CLAIMS$116,341 99,272 226,551 194,142 Net income attributable to common stockholders per diluted share$1.20 1.14 2.35 2.37 FFO attributable to common stockholders per diluted share$2.21 2.09 4.37 4.07 FFO attributable to common stockholders per diluted share, excluding gain on involuntary conversion and business interruption claims $2.21 2.05 4.33 4.03 Diluted shares for earnings per share and funds from operations per share52,579 48,345 52,304 48,153 

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 three and six months ended June 30, 2025 was $63,299,000 ($1.21 per basic and $1.20 per diluted share) and $122,722,000 ($2.35 per basic and diluted share), respectively, compared to $55,287,000 ($1.15 per basic and $1.14 per diluted share) and $113,931,000 ($2.37 per basic and diluted share) for the same periods in 2024.  See Results of Operations for further analysis.

•The change